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Anettt [7]
3 years ago
5

Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated

manufacturing overhead was $364,380. At the end of the year, actual direct labor-hours for the year were 24,000 hours, manufacturing overhead for the year was overapplied by $8,300, and the actual manufacturing overhead was $359,860.
The predetermined overhead rate for the year must have been closest to:
Business
1 answer:
AnnyKZ [126]3 years ago
4 0

Answer:

$15.34

Explanation:

The formula and the computation of the predetermined overhead rate is shown be

Predeterminer overhead rate = Manufacturing overhead ÷ direct labor hours

where,

Manufacturing overhead is

= $359,860 + $8,300

= $368,160

And, the direct labor hours is 24,000

So, the predetermined overhead rate is

= $368,160 ÷ 24,000

= $15.34

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sysyster corp. has an ROE of 16 percent and a payout ratio of 24 percent. what is its sustainable growth rate?
pochemuha

Answer:

The answer is 13.84 percent

Explanation:

The formula for sustainable growth rate is:

(Return on equity(ROE) x retention rate)/1 - Return on equity(ROE) x retention rate

Retention rate = 1 - payout ratio.

So, retention rate = 1 - 0.24

= 0. 76

Return on equity(ROE)= 0.16

(0.16 x 0.76) / 1 - ( 0.16 x 0.76)

= 0.1216 / 1 - 0.1216

0.1216/0.8784

=0.1384

Expressed as a percentage:

13.84percent

4 0
3 years ago
Which of the following is prepared first? A. Balance sheet B. Income statement C. Statement of owner’s equity D. Trial balance
Gre4nikov [31]
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7 0
3 years ago
Below, you are provided with four groups of different goods. These goods are differentiated by the number of likely substitutes
gavmur [86]

Answer and Explanation:

The red and the convertible cars would be considered similar i.e. they are perfect substitutes also the car and the convertible car would be the substitutes but it is not a perfect as the convertible car would be the subset of the car group plus the expenditure made on the convertible car would be high so here the elasticity is more

7 0
3 years ago
When shopping you notice that a pair of jeans costs $20 and that a tee-shirt costs $10. you compute the price of jeans relative
WARRIOR [948]
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5 0
3 years ago
Epsilon Co. can produce a unit of product for the following costs: Direct material $ 8 Direct labor 24 Overhead 40 Total costs p
omeli [17]

Answer:

If the company produces the units, it will save $4.

Explanation:

First, we need to calculate the relevant cost of making the units in-house. <u>We will consider only the incremental overhead cost:</u>

Make in-house:

Direct material= 8

Direct labor= 24

Avoidable Overhead= 40*0.6= 24

Total cost= $56

Buying:

Total cost= $60

If the company produces the units, it will save $4.

5 0
3 years ago
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