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Dominik [7]
3 years ago
11

Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginnin

g of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 43,600 labor-hours. The estimated variable manufacturing overhead was $6.17 per labor-hour and the estimated total fixed manufacturing overhead was $1,245,216. The actual labor-hours for the year turned out to be 40,800 labor-hours. The predetermined overhead rate for the recently completed year was closest to:
Business
1 answer:
lana [24]3 years ago
6 0

Answer:

$34.73 per direct labor hour

Explanation:

Predetermined overhead rate

= Estimated manufacturing overhead / Estimated labor hour

= [$1,245,216 + ( 43,600 × $6.17 ) ] / 43,600

= [$1,245,216 + $269,012] / 43,600

= $1,514,228 / 43,600

= $34.73 per direct labor hour

Therefore, the predetermined overhead rate for the recently completed year was closest to $34.73 per direct labor hour.

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In an​ expansion, taxes rise and government expenditures​ fall, and therefore act as automatic​ ________. Inflation is more like
Sergeu [11.5K]

Answer:

The correct answer is: stabilizers; destabilizer.

Explanation:

The automatic stabilizer is a government policy that correct fluctuations in the economy through their normal operation and hence they are called automatic stabilizers.  

Taxes and government spending are examples of automatic stabilizers.  

During an expansion, taxes increase with an increase in income and government spending decrease. These two without any intervention by the government automatically stabilize the economy.  

Automatic destabilizer causes fluctuations by their normal operation. An example of destabilizer is inflation which increases during expansion and causes fluctuations without any intervention.

6 0
3 years ago
You want to have $5 million when you retire in 40 years. you believe you can earn 9 percent per year on your investment. how muc
elena-14-01-66 [18.8K]
You sure invest 150.00 every two weeks out of your pay check
5 0
2 years ago
Liberty, inc. has 2,500 shares of 4%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock o
BabaBlast [244]

Dividend to be paid to Preference shareholders in 2014= No of Preference shares*par value per share*Percentage of Shares

=2500*50*4%

=$5000

Dividends declared duing 2014=$3000, Thus Preference share holders need to be paid $2000 , in 2015, as preference shares are cumulative in nature.

Dividend to pe paid to Preference shareholders in 2015= $5000+$2000

=$7000.

Dividend to be paid to common share holders= $18000-$7000

=$11000

Thus B will be the answer.

8 0
3 years ago
Assume that the price of a European call expiring in six-month with a strike price of $30 is $2. Suppose that the underlying sto
Komok [63]

Answer:

correct option is c. $2.51

Explanation:

given data

strike price of $30 = $2

underlying stock price = $29

dividend = $0.50

risk-free rate = 10%

solution

we use here pit call parity  that is

c - p = s - k e^{-rt} -D    .....................1

S is current price and c is call premium and r is rate and t is time

so price of put p will be

p = c-s + k e^{-rt} + D

put here value and we get

p  = 2 -29 + 30  e^{-0.1*0.5} + 0.5  e^{-0.1*2/12}  + 0.5 e^{-0.1*5/12}

p  = 2.508

p = $2.51

so correct option is c. $2.51

8 0
3 years ago
Which form certifies a container's serviceability and identifies the month and year the next reinspection is due?
Colt1911 [192]

Answer:

DD Form 2282 decal.

Explanation:

A container can be defined as a metallic object, which is usually rectangular in shape and used for freight or the transportation of goods from one location to another.

A DD Form 2282 decal is a form which certifies a container's serviceability and identifies the month and year the next reinspection is due. It is a type of form which gives a visual representation of the certification of a container, indicating its eligibility to transport cargoes (products or goods) such as automobiles, electronic gadgets, clothes, and other items.

Also, it gives an information about the particular month and year the next reinspection of a container would be.

Generally, before the expiration date of the DD Form 2282 decal, a container must be reinspected and this is usually 30 months after the previous inspection.

4 0
3 years ago
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