1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ann [662]
3 years ago
13

Golden Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direc

t labor-hours were 21,700 hours. At the end of the year, actual direct labor-hours for the year were 20,500 hours, the actual manufacturing overhead for the year was $511,440, and manufacturing overhead for the year was underapplied by $23,540.
The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been:

a.$536,065.

b.$487,900.

c.$506,420.

d.$516,460.
Business
1 answer:
Agata [3.3K]3 years ago
7 0

Answer:

b.$487,900.

Explanation:

Underapplied overhead occurs when the actual amount of manufacturing overhead incurred is higher than expected.

Since the manufacturing overhead for the year was underapplied by $23,540 in the question, the estimated manufacturing overhead at the beginning of the year used in the predetermined overhead can be calculated just deducting $23,540 form the actual as follows:

Estimated manufacturing overhead at the beginning of the year =  $511,440 - $23,540 = $487,900.

You might be interested in
What is financial literacy and why is it important.
FromTheMoon [43]

Answer:

Financial literacy is a set of skills and knowledge that allows one to make effective decisions with their financial resources.

Explanation:

Why is it important? Well, being financially literate ensures financial stability and security. It also allows you to have a variety of different financial skills; such as creating a budget, understanding how credit works, being able to save for retirement, and becoming wiser with how to manage your money.

Hope this helps! Have an amazing day! :D

8 0
2 years ago
Which of the following factors increases pressures for cost reductions? a. Meaningful differentiation between products b. Reduce
Finger [1]

Answer:

c. Persistent excess capacity

Explanation:

Cost reduction is a process of reducing expenditure in a planned manner. The process of cost reduction requires continuity of cost analysis. The elements which are not of any use or contribute anything to the factors of the production are eliminated through this process. The elements of cost are examined critically before their elimination.

8 0
3 years ago
Ruth Lewis is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market int
bearhunter [10]

Answer:

Bond Price = $580.2640476 rounded off to $580.26

Explanation:

A zero coupon bond is a kind of bond that does not pay interest to the bond holder like other bonds. Instead it is offered at a discount price and pays the par value at maturity. The discount price is calculated using a certain rate which can also be called the implied interest rate on this zero coupon bond. The formula to calculate the price of the zero coupon bond is,

Bond Price = Par Value / (1 + r)^t

Where,

  • r is the interest rate or the discount rate
  • t is the number of periods to maturity

Bond Price = 1000 / (1+0.115)^5

Bond Price = $580.2640476 rounded off to $580.26

7 0
3 years ago
Scenario 17-5. assume that a local restaurant sells two items, salads and steaks. the restaurant's only two customers on a parti
rodikova [14]

Answer: The price of the tied good is $20.

Explanation: The practice of tying is used to package products in such a way that the price of the tied (combined) good is closer to the buyers total willingness to pay for the two goods.

In this case, the total willingness to pay of Carnivore is $20+$7=$27

While, that of Leafygreens is $8+$12=$20

Thus, the producer will sell the combined good at $20 as it this price both the consumers will buy the tied good. If the producer sells it at $27, then only the Carnivore will buy the good but Leafygreens will not.

Thus, with zero marginal cost of serving additional consumer it is better for the producer to sell at $20.

8 0
3 years ago
At December 31, 2019, Bramble Corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 108,506
ale4655 [162]

Answer:

The earnings per share for Bramble in 2020 is $2.99

Explanation:

This was arrived at by preparing income statement for 2020,where in the results from continued operations and discontinued were shown.

The income from continued operations attracted tax at 35% while the losses from the discontinued operations got a tax benefit at the same 35% tax rate.

Note that the earnings used in calculating earnings per share is net of preferred dividends as only earnings  attributable to ordinary shareholders are considered.

Find attached spreadsheet for the full blown income statement and the calculation of earnings per share.

Download xlsx
5 0
3 years ago
Other questions:
  • Bargaining power of buyers tends to be higher when a company sells a popular product to multiple buyers than when a company is d
    6·1 answer
  • Please help!!!!!!!!!!!
    13·1 answer
  • Which statement accurately interprets the information on the chart
    8·2 answers
  • Seven essential elements of an effective Compliance Program include:
    9·1 answer
  • Marginal tax rate is of greater significance in measuring the tax effect for​ Carmen's decision. The marginal tax rate is the pe
    13·1 answer
  • Currently, our system is characterized by a lack of fit between what the customer wants and what the SCM system is best able to
    7·1 answer
  • Jean, a geologic specialist, agreed to accept an overseas assignment for her company after the company agreed to store her yacht
    14·1 answer
  • Were the results different between the financial analysis (Question 1) and the weighted scoring model (Question 2) approach? If
    5·1 answer
  • If the efficient market hypothesis is true, price changes are independent and biased. Group of answer choices
    12·1 answer
  • Paris Summer 20 Company sells small laptops. Based on the information below, calculate the Break even point in sales dollars for
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!