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den301095 [7]
3 years ago
8

Bob's Boats uses job costing. They use direct labor hours as a basis for allocating overhead costs to jobs. Given the following

information, calculate Bob's predetermined overhead rate. Input your answer without dollar signs or commas. Round your answer to two decimal places.
Actual Overhead Expense $104038
Estimated (Budgeted) Overhead Expense $110917
Actual Direct Labor Hours $10436
Estimated Direct Labor Hours $11198
Business
1 answer:
Anton [14]3 years ago
8 0

Answer:

Bob's predetermined overhead rate = 9.91

Explanation:

Calculation for predetermined overhead rate

Predetermined overhead rate = Estimated (Budgeted) Overhead Expense / Estimated Direct Labor Hours

Predetermined overhead rate = 110917 / 11198

Predetermined overhead rate = 110.917 / 11.198

Predetermined overhead rate = 9.91

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Answer:

The correct answer is letter "C": Common- size income statement.

Explanation:

A Common Size Income Statement is expressed as a percentage of net sales for each company's account. Common Size Income Statements are simple tools that a business owner or a high-rank executive can use to compare the company's finances over different periods, with competitors or industry averages.

8 0
3 years ago
in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject
antoniya [11.8K]

The statement "in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject land" is true.

<h3>What is valuation?</h3>

Valuation is an estimation of the price of a good or a product. When a product is manufactured, its evaluation is estimated. It is estimated by seeing the manufacturing price, labor cost, and raw material cost.

Here, the valuation of vacant land and subject land is estimated, which is similar by seeing the comparison. So the statement will be correct about the comparison.

Thus, the statement is true.

To learn more about valuation, refer to the link:

brainly.com/question/16008101

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The question is incomplete. Your most probably complete question is given below:

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6 0
2 years ago
A car dealer acquires a used car for $12,000, with terms FOB shipping point. Compute total inventory costs assigned to the used
bagirrra123 [75]

Answer:  

<h2>$13,070 </h2>

Explanation:  

The Cost of inventory = all cost of purchase; including costs of conversion and transfer.

Calculation of Inventory Cost FOB ship.  

Cost of Purchase $12,000  

Transportation-in       $100

Shipping insurance    $170

Car import duties      $800

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8 0
3 years ago
Which is an advantage to having an account at a consumer bank instead of a credit union
arlik [135]

Answer:

Credit unions

Explanation:

offer higher savings rates and lower interest rates on loans

8 0
3 years ago
Read 2 more answers
Maxie's Game World sold games to a customer on credit for $2,600, terms 1/10, n/30 and the cost of the games was $1,700. When re
aleksandrvk [35]

Answer:

$2,600 in the Accounts Receivable Dr./Sales Cr. column and $1,700 in the Cost of Goods Sold Dr./Inventory Cr. column.

Explanation:

If we assume that Maxie's Game World uses a perpetual inventory system, the appropriate journal entries should be:

Date XXX, merchandise sold on credit to client YYY, terms 1/10, n/30

Dr Accounts receivable 2,600

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7 0
3 years ago
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