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3 years ago

In calculating the daily balance, cash advances are

Business

2 answers:

Marizza181 [45]3 years ago

8 0

A. Sometimes adding in.

Alex73 [517]3 years ago

5 0

Answer:

B. Always added in

Explanation:

While calculating the daily advance, the cash advances are always added because there is a security that the company would receive the cash in a specified period of time. Plus, it does not create any liability.

And, since advance cash is received which result in an increase in cash balance so it would be added in the daily balance computation part

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Assume a fixed cost for a process of $15,000. The variable cost to produce each unit of product is $10, and the selling price fo

Stels [109]

Answer:

1,000 units

Explanation:

The break even point refers to the number of units of a product a company would sell such that the company's sales is equal to the total cost.

The total cost includes the fixed and variable costs. As such, at break even point, net profit is zero.

Let the number of units be G

25G = 10G + $15,000

15G = $15,000

G = 1000 units

The number of units that has to be produced and sold to break even is 1,000 units.

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3 years ago

Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, th

rjkz [21]

Answer:

Allocated MOH= $188,627

Explanation:

Giving the following information:

Estimated overhead= $241,800

Estimated direct labor hour= 6,800

Actual direct labor-hours were 5,300.

First, we need to calculate the estimated overhead rate:

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 241,800/6,800= $35.59 per direct labor hour.

Now, based on actual direct labor hours, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 35.59*5,300= $188,627

6 0

3 years ago

This question is ssssssssssssssssssssssss IDKKKKK

nexus9112 [7]

Answer:

IDKK EITHER OF WHAT YOU ARE ASKING IDK

Explanation:

I just got myself confused XD

5 0

3 years ago

As a shareholder in Titanic Shipping, Inc., James Blue is one of the many actual owners. In case of the bankruptcy of the corpor

Alekssandra [29.7K]

As a shareholder in Titanic Shipping, Inc., James Blue is one of the many actual owners. In case of the bankruptcy of the corporation, his liability would be limited to the amount of his investment.

<h3>What shareholder means?</h3>

Any individual, business, or organization that has stock in a corporation is a shareholder.
A shareholder of a firm may own just one share. As residual claimants on a company's profits, shareholders may be subject to capital gains (or losses) and/or dividend payments.

<h3>What is shareholder and example?</h3>

The definition of a shareholder is a person who owns shares in a company.
Someone who owns stock in Apple is an example of a shareholder noun.
A person who owns one or more shares of stock in a joint-stock company or a corporation.

<h3>What is the purpose of a shareholder?</h3>

The shareholders are the company's owners and give financial support in exchange for prospective dividends paid out over the course of the business.
There are three ways for an individual or business to become a shareholder in a company by adhering to the company's memorandum at the time of incorporation.

Learn more about shareholders here:

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5 0

1 year ago

Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in proces

Kazeer [188]

Answer:

(a)

For Job G15:

Direct labor = $20,000

Overhead applied = 16,000

Overhead rate = $\frac{16,000}{20,000}\times 100$

= 0.8 × 100

= 80%

Overhead applied = Direct labor × 80%

= $20,000 × 80%

= $16,000

Overhead is applied on direct labor. Hence, rate is 80%.

Overhead for Job B10 = Direct labor × 80%

= $54,000 × 80%

= $43,200

Therefore,

Total overhead applied = $43,200 + 45,750 + 16,000

= $104,950

(b) Hence,

Overapplied overhead for February:

= Total overhead applied - Actual Overhead

= $104,950 - $68,500

= $36,450

4 0

3 years ago