Answer:
Instructions are listed below
Explanation:
Giving the following information:
Estimates:
Direct labor-hours required to support estimated output 18,000.
Fixed overhead costs $ 198,000.
Variable overhead cost per direct labor-hour $ 1.00
A) overhead rate= (fixed + variable cost)/direct labor hour
Overhead rate= (198000 + 1*18000)/18000= 12
B) Direct materials $ 719
Direct labor cost $ 177
Direct labor-hours used 7
Manufacturing overhead= $1* 7= $7
Answer:
False
Explanation:
In the case when the tax burden increased so the role of the auditor is to audit the financial statements of the company and based on this they given the opinion that could be either favorable or unfavorable also they look into the operational effectiveness and efficiency but the role of the auditor is not increasingly important as for the tax purpose the tax accountant should be considered such as Chartered accountant, etc
Answer:
shareholders A and B will each have 30 votes (each invested $30,000)
shareholders C and D will each have 20 votes (each invested $20,000)
shareholder E will have 10 votes (only invested $10,000)
total number of possible votes = (30 x 2) + (20 x 2) + 10 = 110 votes
any decision must be approved by more than 50% of the votes, but since the votes are bundled in tens, 60 votes are needed.
Stockholders number of
<u>A B C D E </u> <u> positive votes</u> <u> win</u>
yes no no no no 30 no
yes yes no no no 60 yes
yes no yes no no 50 no
yes no no yes no 50 no
yes no no no yes 40 no
yes yes yes no no 80 yes
yes yes no yes no 80 yes
yes yes no no yes 70 yes
yes yes yes yes no 100 yes
yes yes yes no yes 90 yes
yes yes yes yes yes 110 yes
no yes no no no 30 no
no yes yes no no 50 no
no yes no yes no 50 no
no yes no no yes 40 no
no yes yes yes no 70 yes
no yes yes no yes 60 yes
no yes no yes yes 60 yes
no yes yes yes yes 80 yes
all other combinations result in negative outcome (less than 60)
Answer:
Fixed overhead costs
Variable and fixed cost distinctions
less than absorption costing net operating income
Explanation:
Fixed overhead costs are costs that do not change with change in the volume of production activity. Rent of the production facility is an example of fixed overhead cost.
Variable costs are costs that change with change in the volume of production activity. Tax is an example of variable cost.
between absorption costing net operating income and variable costing net operating income can be explained by the way these two methods account for <u>Fixed overhead costs</u>. all overhead costs fixed overhead costs selling and administrative expenses variable overhead costs Knowledge Check 02 Absorption costing income statements ignore <u>Variable and fixed cost distinctions</u>. direct materials and direct labor costs direct and indirect cost distinctions product and period cost distinctions variable and fixed cost distinctions Knowledge Check 03 When the number of units produced is greater than the number of units sold, variable costing net operating income will be <u>less than absorption costing net operating income</u>. the same as absorption costing net operating income greater than absorption costing net operating income less than absorption costing net operating income
Answer:
demand; rightward; increase; increase
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