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2 years ago

Custom Engines Company has the following estimated costs for the upcoming year:

Business

1 answer:

Lelechka [254]2 years ago

6 0

Answer:

$22

Explanation:

The computation of the predetermined manufacturing overhead rate per hour is shown below:

= Total Factory overhead ÷ Estimated labor hours

where,

Total factory overhead is

= Salary of factory supervisor + Heating and lighting costs for factory + Depreciation on factory equipment

= $37,000 + $22,300 + $5,600

= $64,900

And, the machine hours is 2.900

So, the predetermined overhead rate is

= $64,900 ÷ 2,900

= $22

This is the answer but the same is not given in the options

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2 years ago

Sheffield Corp. had 205000 shares of common stock, 20300 shares of convertible preferred stock, and $1580000 of 4% convertible b

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Answer:

Diluted earnings per share for 2021 is: <u>$2.19 per share</u>.

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2 years ago

Custom Engines Company has the following estimated costs for the upcoming​ year:

Custom Engines Company has the following estimated costs for the upcoming year: