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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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When the Sales Tax feature is enabled in QuickBooks Online, where must you record sales tax payments?
scoray [572]

Answer:

Sales Tax Center

Explanation:

          QuickBooks Online is an online service for accounting software package that is developed as well as marketed by Intuit. Its products are mainly small or medium sized business and other accounting applications and cloud based version which accept management and payment of bills, business payments, payroll functions, etc.

         In QuickBooks, we use the Pay sales tax window to create the sales tax payments. Intuit offers a new and advance version of sales tax feature in QuickBooks Online. We must record the sales tax payments in the sales tax center when the sales tax feature is enable in QuickBooks Online.

7 0
3 years ago
John Jansen, an employee of Redwood Company, had gross earnings for the month of May of $4,000. FICA taxes are 7.65% of gross ea
Anastasy [175]

Answer:

The net pay for John Jansen is $2894

Explanation:

For calculating the net pay for John Jansen we have to subtract all the FICA taxes and federal income taxes and also state income taxes, with authorized voluntary deductions also being subtracted from the gross earnings .

Given information -          Gross earning                         = $4000

                                         FICA taxes                                = 7.65%

                                         Federal income taxes               = $675

                                         State income taxes                    = 3%

                                       Authorized voluntary deductions = $5

One important to remember here is that FICA taxes and State taxes would be calculated on the gross earnings of John

FICA taxes = 7.65% of $4000

                  = .0765 x $4000

                  = $306

State taxes = 3% of $4000

                   = .03 x $4000

                   = $120

NET PAY = gross earnings - FICA tax - state tax - federal income tax -

                                                         authorized voluntary deduction

   = $4000 - $306 - $120 - $675 - $5

   = $2894

 

7 0
3 years ago
Jeff is a member of Go Big Red, LLC. Jeff decides he does not like the color red, preferring instead the colors black and gold.
Vanyuwa [196]

Answer:

Option "D" is correct.

Explanation:

Option "D" is correct because When a person or member dissociates then the person loses the right to manage, losses the right to act, ceases from their duty of loyalty, ceases from the duty of care immediately if any event occurs after dissociation and the member has the right to find their interest. Therefore, from the given options it can be seen that the duty of care remains intact when only to that event that had occurred before the dissociation.

7 0
3 years ago
Several employees at a fast-food restaurant call in sick at the last minute. The manager tries to fill in but doesn't know how t
VikaD [51]

Answer:  Trained incapacity

Explanation: In simple words, it refers to the idea that after gaining a certain kind of education, skill or experience etc. the level of thinking of an individual cannot go beyond a certain limit.

In the given case, the manager was the upper level employee and was not habitual to the work that was performed by the workers in the restaurant.

Therefore this position in the workplace limited his skills of performing only the managerial work.

Hence from the above we can conclude that the above case depicts trained incapacity.

3 0
3 years ago
Sarah meeham blends coffee for​ tasti-delight. She needs to prepare 160160 pounds of blended coffee beans selling for ​$4.834.83
Kruka [31]
6.256.25 + 3.003.00 = 625628003
7 0
3 years ago
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