Answer:
option (C) 32,750 hours
Explanation:
Data provided in the question:
Actual manufacturing overhead cost = $250,000
Overapplied overhead = $12,000
Predetermined overhead rate = $8.00 per direct labor-hour
Now,
The total Manufacturing Overhead applied last year
= Actual manufacturing overhead cost + Overapplied overhead
= $250,000 + $12,000
= $262,000
Therefore,
Direct Labor Hours worked last year = 
or
= 
= 32,750 hours
Hence,
The correct answer is option (C) 32,750 hours
Answer:
A Wholesaler and Retailers
A. Various types of services Ajay is providing to the retailers are:
1. Procuring variety of papers from different manufacturers.
2. Undertaking advertisement and other sales promotional activities to the benefit of retailers.
3. Extending credit sales to retailers.
4. Providing marketing guidance to retailers.
B. Two services that Ajay is extending to the manufacturers as well are:
1. Providing wider market for manufacturers by purchasing in bulk.
2. Helps the manufacturers to distribute their goods.
Explanation:
As a wholesaler, the business acts as the middleman between the paper manufacturers and the retailers. The wholesaler purchases paper in bulk from the manufacturers, thereby encouraging them to produce more. He enables retailers, who are at the grassroots, to gain access to a variety of the manufacturers' products at small quantities. He also helps in the distribution of goods.
Answer:
True
Explanation:
Intrinsic rewards are basically non-tangible rewards that an individual feels and likes, e.g. sense of accomplishment, personal achievement, feeling proud, sense of pleasure, etc.
On the other hand, extrinsic rewards are tangible and generally include a salary bonus, a gift, public recognition or award,etc.
Answer:
C. $32,900
Explanation:
The computation of the beginning retained earning balance is shown below"
As we know that
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
$51,100 = Beginning retained earning balance + $22,500 - $4,300
$51,100 = Beginning retained earning balance + $18,200
So, the beginning retained earning balance would be
= $51,100 - $18,200
= $32,900
