1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alexandra [31]
3 years ago
12

Sanborn Industries has the following overhead costs and cost drivers. Activity Cost Pool Cost Driver Est. Overhead Cost Driver A

ctivity Ordering and Receiving Orders $ 120,000 500 orders Machine Setup Setups 297,000 450 setups Machining Machine hours 1,500,000 125,000 MH Assembly Parts 1,200,000 1,000,000 parts Inspection Inspections 300,000 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is:___________ (the overhead application rate for ordering and receiving = estimated overhead for ordering and receiving / cost driver activity for ordering and receiving)
(a) $1.20 per direct labor hour.
(b) $6,834 per order.
(c) $240 per order.
(d) $0.12 per part.
Business
1 answer:
denis23 [38]3 years ago
5 0

Answer:

Predetermined manufacturing overhead rate= $240 per order

Explanation:

Giving the following information:

Ordering and Receiving Orders $ 120,000 500 orders

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

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

Predetermined manufacturing overhead rate= 120,000/500

Predetermined manufacturing overhead rate= $240 per order

You might be interested in
On April 30, Gomez Services had an Accounts Receivable balance of $24,600. During the month of May, total credits to Accounts Re
Nataliya [291]

Answer: $53,600

Explanation:

Credit sales increase the balance on Accounts Receivables because they represent that people owe the business.

It is therefore included in the formula for calculating the ending balance of Accounts Receivables:

Ending accounts receivables = Beginning accounts receivable + Credit sales in May - Customer payments during May

19,000 = 24,600 + Credit Sales in May - 59,200

Credit Sales in May = 19,000 + 59,200 - 24,600

= $53,600

4 0
2 years ago
Your boss has told you to hire four more people to help you keep track of inventory. What kind of need is this
Fynjy0 [20]
I would say thats a business operations need!

Hope this help! :)
7 0
2 years ago
Cute Camel Woodcraft Company just reported earnings after tax (also called net income) of $9,750,000 and a current stock price o
Assoli18 [71]

Answer:

Explanation:

a)

earning per share =  Net income / outstanding shares  

= $9,750,000 / 5,500,000  = $1.77

price earning ratio = Current stock price \  earning per share

= $39.50 \ $1.77  = 22.32

new Earning per share = Net income / outstanding shares

= $9,750,000 * 125% / 8,400,000  = $1.45

the stock price after one year would be

= Price earning ratio * New earning per share  = 22.32 * $1.45  = $32.36

b)

Market to book ratio = Market value/ book value  

Market value = Share price * number of outstanding shares

= $47.12 * 8,400,000 shares  = $395,808,000

book value is $54,364,800

M/B = $395,808,000 / $54,364,800  = 7.28 times

Is it possible for a company to exhibit a negative EPS and thus a negative P/E ratio?

Yes, if company is having losses

7 0
3 years ago
Please post detailed answers to the following questions. Please use complete sentences. How can the use of technology both help
qaws [65]

Answer:

Technology has made our lives simpler and easy. With the help of technology we can stay connected even if we live miles away from our close ones. But on the other hand it also separates us from the real world.

There are pros and cons of everything and technology can also be said as curse and boon for our society. Excessive use of anything can be harmful. With the increasing technological advancement there is increase in crimes as well.

8 0
2 years ago
A customer purchased a $2, 700 item at Appliance World, paying with a credit card. Appliance World is charged a 2% fee by the cr
dalvyx [7]

Answer:

B.

Explanation:

Credit card is one of the most common way of making payment while a customer purchases anything in the market. The credit card company charge an amount that is payable by the seller.Thus, it is an expense for the one selling the product.

Given:

Credit card fee: 2%

Sales = $2,700

Credit card charges can be calculated as:

Credit card charges = Sales*Credit card fee

Credit card charges = $2,700*2%

Credit card charges = $54

Now, credit card charge is an expense so it will be debited. The amount is yet to be received so accounts receivable will also be debited. The revenue has been earned so it will be credited.

Thus, the journal entry for the given transaction has been attached below:

4 0
3 years ago
Other questions:
  • Journalize the following five transactions for Nexium & Associates, Inc. Omit explanations.
    13·2 answers
  • If actual sales totaled $500,000 for the current year (40,000 units at $12.50 each) and planned sales were $495,000 (45,000 unit
    7·1 answer
  • Flannery Corporation owns machinery with a book value of $520,000. It is estimated that the machinery will generate future cash
    8·1 answer
  • Explain how increased immigration affected the market for low-skilled labor. Discuss which curves shifted, and what happened to
    10·1 answer
  • The unemployment rate in Economy X when it is growing normally is 5%. When Economy X is in a recession, the unemployment rate is
    13·1 answer
  • Brett, the manager at Warson’s Diner, plans to promote Keisha, one of the waitresses, to the position of an assistant manager. H
    12·1 answer
  • Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will( increase
    11·2 answers
  • Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in rea
    11·1 answer
  • Which of the following was not used in support of the continental drift hypothesis?
    12·2 answers
  • What are the three phases in purchasing process
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!