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Tatiana [17]
3 years ago
8

It takes 30 minutes of direct labor time to make one unit. Direct labor wages average $17 per hour. Variable overhead is applied

at the rate of $5 per direct labor hour. Fixed overhead is budgeted at $56,500 per month. What is the budgeted overhead for November
Business
1 answer:
Cerrena [4.2K]3 years ago
5 0

Answer:

$404,000

Explanation:

Overheads includes all indirect cost incurred to product the units to be sold. Indirect costs are those costs which are not directly traceable / attributable to the product. These cost are variable and fixed.

Time for each unit = 30 minutes = 0.5 hours

Budgeted production in November = Closing Inventory + Sales in November - Opening Inventory.

Budgeted production in November = (180,000 x 10% ) + 135,000 - 14,000 = 139,000

Budgeted production overhead Included all the variable and fixed overheads incurred to produce the budgeted production.

Variable overhead = 139,000 x 5 X 0.5 = $347,500

Total budgeted Overhead = $347,500 + $56,500 = $404,000

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On average the firm issued shares at $15 dollars each

Explanation:

the treasury stock are purchased at the market price which is not the same as the issuance price thus, we ignore it.

the company issued 33,600 shares with par value of $10

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In total: 33,600 x $10 = 336,000

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Total paid-in                   504,000

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Accounts receivable are shown as _____ in the AR customer file.
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3 years ago
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abruzzese [7]

Based on their observations of what actually occurs in the organization, employees demonstrate the enacted values and norms.

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Answer:

The amount of the last annual dividend paid is <u>$4.3</u>.

Explanation:

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The common stock of Zeta Group sells for $42 per share, has a rate of return of 12.2 percent, and a dividend growth rate of 1.8 percent annually.

Now, to find the amount of last annual dividend paid.

Let the amount of last annual dividend paid be l.

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