Which of the following best describes the ordered pairs listed below? (-5, -7), (0, -12), (-5, -19), (8, -20)

Altex Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each product

Lorico [155]

A) Direct labor hrs for car wheels = estimated wheels *direct labor per wheel

40,000 *1hr = 40,000

Direct labor hrs for Truck

10,000 * 3hr= 30,000

total direct labor hrs 40,000+30,000 = 70,000 hrs

Overhead rate is total est oh cost/ total direct labor hrs

770,000/70,000= 11.00

B) Car truck wheels 40,000*11 =440,000

Truck wheels 10,000*11=110,000

6 0

3 years ago

Which of the following would NOT be classified as a current asset on a classified balance sheet? 答案选项组 Intangible assets Short-t

Zinaida [17]

Answer:

Intangible assets

Explanation:

A classified balance sheet is a financial statement that classifies the components in the balance sheet into different groups. For example, assets are classified into current or non current asset

Current assets are all the assets that are either used by a company or sold in the course of the year of the company.

Current assets include

cash, cash equivalents
accounts receivable
stock inventory
marketable securities
pre-paid liabilities

Intangible assets are classified as noncurrent (long-term) assets

5 0

3 years ago

Beckronski Company has the following information available for the month of March: Units Transferred- in Costs Direct Material

storchak [24]

Answer:

Direct Material Equivalent Unit Weighted Average Cost Method= 240+ 400- 400= 240

Units Cost for Direct Materials= $52,000 /230= $ 226.086

Explanation:

Beckronski Company

Units Transferred- in Costs

Direct Mat Conversion Costs WIP inventory

March 1 240 $33,600 0 $18,000

Percent complete 100% 0% 62.5%

Equivalent Units 240 - 150

Transferred in

March 400

Equivalent Units 400 400 400

Mar 31 WIP inventory, 200

*Percent complete 100% 0% 80%

Equivalent Units 400 - 320

Weighted Average Cost Method = Beg. Inv Equiv. Units + Units Transferred in Less Ending Inventory Equivalent Units

Direct Material Equivalent Unit Weighted Average Cost Method= 240+ 400- 400= 240

Conversion Costs Equivalent Unit Weighted Average Cost Method=

0+ 400-0= 400

Work In Process Equivalent Unit Weighted Average Cost Method=

150+ 400-320= 230

Costs added in March $52,000 $13,200 $48,600

Units Cost for Direct Materials= $52,000 /230= $ 226.086

4 0

3 years ago

During 2018, its first year of operations, Pave Construction provides services on account of $154,000. By the end of 2018, cash

seraphim [82]

Answer:

Bad debts expenses Debit $ 11,750

Allowance for uncollectible receivables Credit $ 11,750

Explanation:

The allowance for uncollectible accounts receivables balances are calculated as a percentage of the receivable balance.

The receivable balances as at December 31, 2018 is

Services provided on account $ 154,000

Cash collections received $ 107,000

Receivables from services uncollected $ 47,000

Estimated percentage considered uncollectible 25 %

Allowance for uncollectible accounts $ 47,000 * 25 % = $ 11,750

6 0

3 years ago

When ruko, a device used to stream movies at home, increases prices by 48% total revenue decreases by 61%?

Free_Kalibri [48]

Answer: Demand is elastic

Explanation:

Total revenue from the sale of a good is negatively related to the price when demand for the good is elastic and positively related to the price when demand for the good is inelastic.

So, as increase in price by 48% decreases total revenue by 61%, therefore the demand for Ruko, a device used to stream movies at home is elastic.

3 0

3 years ago