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atroni [7]
3 years ago
7

Thomlin Company forecasts that total overhead for the current year will be $11,938,000 with 177,000 total machine hours. Year to

date, the actual overhead is $7,533,000 and the actual machine hours are 85,000 hours. The predetermined overhead rate based on machine hours is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. a.$67 per machine hour b.$140 per machine hour c.$43 per machine hour d.$89 per machine hour
Business
1 answer:
dimaraw [331]3 years ago
8 0

Answer:

Correct answer is Option A = $67

<u>Explanation:</u>

In order to find out the predetermined overhead rate, forecasted overhead for the current year will be taken into account alongwith total machine hours of that has been forecasted for the current year.

Formula for calculation  

Predetermined overhead rate = Forecasted Overhead for the year / Total Machine hours

Forecasted Overhead for the year = $11938000

Total Machine hours = 177000

Predetermined overhead rate =  11938000/177000 = $67 ( Rounded off )

   

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During Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its o
SCORPION-xisa [38]

Answer:

B) Total assets increased by $200.

Explanation:

If during Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its owners. Based on this information alone:

Then it is correct that there was a net income of $350 before the payment of dividend which is gotten by 1,950 - 1,600. Cash from operating activities will also be the same amount of $350.

However it will not be correct to state that assets increased by $200 as there is no such indication.

6 0
3 years ago
Fiwrt Corporation manufactures and sells stainless steel coffee mugs. Expected mug sales Fiwrt (in units) for the next three mon
olga55 [171]

Answer:

The number of mugs Fiwrt should plan on producing during the month of November is 35400 units of mugs.

Explanation:

Production unit (november) = Sale unit + Desired ending inventory-Beginning inventory

                                               = 36000 + (34000*30%) - (36000*30%)

                                              = 35400 Units

Therefore, The number of mugs Fiwrt should plan on producing during the month of November is 35400 units of mugs.

8 0
3 years ago
1. Select the correct statement regarding relevant costs and revenues.
Gala2k [10]

Complete Question:

1. Select the correct statement regarding relevant costs and revenues.

A. Sunk costs are not relevant for decision-making purposes.

B. Relevant costs are frequently called unavoidable costs.

C. Direct labor is an example of a unit-level cost.

D. Only variable costs are relevant for decision making.

Answer:

1. A

2. D

3. B

Explanation:

1. The correct statement regarding relevant costs and revenues is that sunk costs are not relevant for decision-making purposes. Sunk costs are the opposite of relevant costs because they can't be changed or recovered, as they've been spent or contracted in the past already. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.

2. Expected future revenues that differ among the alternatives under consideration are often referred to as differential revenues. It is the difference in revenues among two (2) alternatives, which would influence decision making.

3. The benefits sacrificed when one alternative is chosen over another are referred to as opportunity costs. It is also referred to as alternative forgone.

<em>For example, Tony gives up going to see a new movie at the cinema in order to prepare for an examination, so as to get a good grade</em>.

8 0
3 years ago
10) A worker performs a repetitive assembly task at a workbench to assemble products. Each product consists of 25 components. Va
erik [133]

Answer:

a.9.313hr

b.116.4%

c.104.0%

Explanation:

(a) Hstd= 75(7.45)/60 = 558.75/60 = 9.313 hr

(b) Ew= 9.313/8.0 = 1.164 = 116.4%

(c) Time worked = 480 – 13 = 467 min

Tc= (467 min)/(75 pc) = 6.227 min/pc

Tn= 7.45/(1 + 0.15) = 6.478 min/pc

Pw= 6.478/6.227 = 1.040 = 104.0%

6 0
3 years ago
What is a good way to use a cover letter to start a two-way conversation with a potential employer?.
Cerrena [4.2K]

A good way to use a cover letter to start a two-way conversation with a potential employer is:

  • Demonstrate excitement for the business.
  • Accentuate a shared link.
  • Start with a noteworthy accomplishment.
  • Bring up a noteworthy topic.
  • Show enthusiasm for what you do.
  • Tell a unique tale.
  • Start with a statement of belief.

<h3>What is a cover letter?</h3>
  • A letter of introduction that is connected to or is included with another document, such as a resume or curriculum vitae, is known as a cover letter, cover letter, inspiration letter, motivating letter, or letter of motivation.
  • You should address two primary points in your cover letter: why you are the ideal candidate for the position, and why you are enthusiastic about working for the organization.
  • Your cover letter should primarily consist of factual information without any filler or stereotypes.

A good way to use a cover letter to start a two-way conversation with a potential employee:

  • Demonstrate excitement for the business.
  • Accentuate a shared link.
  • Start with a noteworthy accomplishment.
  • Bring up a noteworthy topic.
  • Show enthusiasm for what you do.
  • Tell a unique tale.
  • Start with a statement of belief.

Therefore, a good way to use a cover letter to start a two-way conversation with a potential employer is:

  • Demonstrate excitement for the business.
  • Accentuate a shared link.
  • Start with a noteworthy accomplishment.
  • Bring up a noteworthy topic.
  • Show enthusiasm for what you do.
  • Tell a unique tale.
  • Start with a statement of belief.

Know more about a cover letter here:

brainly.com/question/3602860

#SPJ4

3 0
1 year ago
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