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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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The accounts receivable credit column of the cash receipts journal is "posted in summary at the end of the month and by individual amounts on a daily basis".

<u>Option: D</u>

<u>Explanation:</u>

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ABC Company, which is headquartered in the U.S., has its production plant located in a less- developed country. In this producti
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Answer:

The answer is: a

Explanation:

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4 0
3 years ago
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federal funds rate is simply known as the interest rate at which depository financial institutions borrows(lends) funds maintained at the federal reserve to other depository financial institutions usually or Maybe overnight.

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The most useful way of standardizing financial statements is to choose a _<u>base year</u>,_ and then express each item in the period under review relative to the _amounts____ in the base year.

<h3>What are comparative financial statements?</h3>

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Learn more about comparative financial statements and financial ratios here: brainly.com/question/9091091

4 0
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