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Artemon [7]
3 years ago
7

The Thomlin Company estimates that total overhead for the current year will be $16,000,000 and that total machine hours will be

200,000 hours. Year to date, the actual overhead is $16,500,000 and the actual machine hours are 220,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate?
a. $75 per machine hour
b. $73 per machine hour
c. $83 per machine hour
d. $80 per machine hour
Business
1 answer:
anzhelika [568]3 years ago
4 0

Answer:

d. $80 per machine hours

Explanation:

The computation of the overhead rate is shown below:

Overhead rate = Estimated total overhead cost ÷ total machine hours

= $16,000,000 ÷ 200,000 hours

= $80 per machine hours

The overhead rate is come by dividing the estimated total overhead rate by the total machine hours

All the other information that is mentioned is not considered. Hence, ignored it

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you are a consultant to a firm evaluating an expansion of its current business. The cash flow forecasts (in millions of dollar)
timama [110]

Question

you are a consultant to a firm evaluating an expansion of its current business. The cash flow forecasts (in millions of dollar) for the project as follows:

Year     cashflow

0           -100

1-10            15

0n the basis of the behavior of the firm's stock, you believe that the beta of the firm is 1.30. Assuming that the rate of return available on risk-free investments is 5% and that the expected rate of return on the market portfolio is 15% what is the net present value of the project

Answer:

NPV= -$32.58

Explanation:

The net present value of the investment is the cash inflow from the investment discounted at required rate of return. The required rate of return can be determined using the the formula below:

Ke= Rf +β(Rm-Rf)  

Ke =? , Rf- 5%,, Rm-15%, β- 1.30

Ke=5% + 1.30× (15-5)=  18%

The NPV = Present value of cash inflow - initial cost

 =  A×(1-(1+r)^(-10)/r  - initial cost

A- 15, r-18%

NPV = 15× (1-1.18^(-10)/0.18 - 100= -32.58

NPV = -$32.58

5 0
3 years ago
Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for
LenaWriter [7]

Answer and Explanation:

The computation of given question is shown below:-

                                     <u> Hi-Test Company</u>

                            <u>Weighted-average method</u>

                                                              <u>Equivalent units</u>

<u>Particulars                            Physical units  Material  Conversion costs</u>

Units to be accounted for

Beginning work-in-progress    2,000

Production started                    28,000

Total units                                  30,000

Units accounted for:

1. Completed and transferred

out                                             23,000        23,000        23,000

                                                                 (23,000 × 100%)

Ending work-in-progress          7,000          7,000           2,800

                                                               (7,000 × 100%) (7,000 × 40%)

2. Total units                             30,000         30,000       25,800

                                           <u>Materials   Conversion costs  Total costs</u>

<u>Costs to account for:</u>

Beginning work in

progress                              $45,000        $56,320               $101,320

                                                  ($25,600 + $30,720)

Costs added during

period                                  $375,000      $341,000            $716,000

Total costs                           $420,000     $397,320            $817,320

÷

Total equivalent unit

of production                         $30,000      $25,800

3. Cost per equivalent unit   $14.00         $15.40

Cost accounted for

4. Completed and transferred

out                                         $322,000     $354,200         $676,200

                                      (23,000 × $14.00) (2,800 × $15.40)

7. Ending work in progress   $98,000        $43,120            $141,120

                                    (30,000 × $14.00) (25,800 × $15.40)

Total cost                                $420,000     $397,320         $817,320

4 0
3 years ago
Entering foreign markets requires firms to ascertain foremost how they will attain
coldgirl [10]

The answer is market share. Entering foreign markets will require a certain company or firm to attain their market share because compared to local markets, foreign markets are different and requires strategies and planning—in which, they should do what it takes to attain their market share that is a portion of their market controlled by them.

6 0
3 years ago
During the year, Next Tec Corp. had the following cash flows: receipt from customers, $10,000; receipt from the bank for long-te
VikaD [51]

Answer:

The net financing cash flows is $5000 as shown below.

Explanation:

The net financing cash flows is calculated below:

Receipt from bank for long-term borrowing  $6000

Payment of dividends                                    <u>  ($1000)</u>

Net financing cash flows                                  $5000

Receipt of $10000 relates to operating cash flows as it is cash receipt in the ordinary course of business

Payment to suppliers of $5000 is an operating cash flow as well as suppliers are paid for supplying the items that the business deals in, same applies to payment to workers of $2000.

Lastly, the payment for machinery of $8000 relates to investing activities of the business as it an expenditure incurred to generate more returns.

5 0
3 years ago
Why MERCOSUR is trade diversion and what are the impacts of MERCOSUR on firm operations?
poizon [28]

Answer:

MERCOSUR may have made trade more difficult.

Explanation:

It is a trade divergence due to numerous reasons. It influences nations outside the association since they can't offer to those nations as effectively. The idea was to make a worker's union that would enable every nation to get off their feet and strengthen one another. Yet, it winded up harming one another and different nations for the reasons that it made the trade even more difficult than it was before. So, the impacts of MERCOSUR on firms operation are negative; it made trade more difficult, especially with other countries.

5 0
3 years ago
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