Overhead rate per direct labor cost: 180%
Overhead rate per direct labor hour: 18
Overhead rate per machine hour: 9
Procedure:
Overhead rate per direct labor cost
= 894600 ÷ 497000
= 1.8
= 1.8 × 100
= 180%
Overhead rate per direct labor hour
= 894600 ÷ 49700
= 18
Overhead rate per machine hour
= 894600 ÷ 99400
= 9
Divide each operating activity cost by manufacturing overhead cost
What is overhead rate?
The overhead rate is a cost that is incurred during the manufacturing of a product or service. Overhead costs are expenses that are not directly related to production, such as corporate office costs. An overhead rate is applied to the direct costs associated with production to allocate overhead costs by spreading or allocating overhead costs based on specific measures.
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Answer:
C. $410,000
Explanation:
Administrative and general expenses in Lee's multiple - step income statement is $410,000
i.e the Legal and audit fees $170,000 and Rent for office space $240,000 which will amount to $410,000
Note: General and Administrative expenses are incurred in the day-to-day operations of a business and are not tied to a specific function or department within the organisation.
Answer:
By offering flextime to employees by adding more tasks to a job instead of treating each task as separate by ensuring that rewards are distributed on the basis of performance by incorporating motivational factors such as opportunity for achievement by creating a competitive environment at the workplace.
Answer:
The price of a one-year European put option on the stock with a strike price of $50 is $2.09
Explanation:
As, the call and the put option is of the same asset class, we apply call-put parity to find the price of the European put option.
The call-put parity function is:
C + PV(x) = P + S; in which:
C: Price of the call option = $6;
PV(x) : present value of strike price = Strike price in one year / e^6% = 50/e^6% = $47.09
P: price of the put option
S: spot price of the asset = $51
=> P = C + PV(x) - S = 6 + 47.09 - 51 = $2.09.