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
LenKa [72]
3 years ago
9

Middleton Corporation uses the normal costing system to determine the amount of overhead to be applied to production. The predet

ermined overhead rate for 2018 was $32.40 per DLH. Middleton estimated the annual activity level to be 7,500 DLHs. Actual DLHs for the year were 8,200. What was the total amount of overhead applied for the year?
Business
1 answer:
yulyashka [42]3 years ago
3 0

Answer:

total amount of overhead applied = $265680

Explanation:

given data

Actual direct labor hours = 8200

overhead rate  = 32.40 per DLH

to find out

total amount of overhead applied

solution

we will apply here formula for total amount of overhead applied that is

total amount of overhead applied = Actual direct labor hours × overhead rate  ..................1

put here value in equation 1 we get

total amount of overhead applied = 8200 × $32.40

total amount of overhead applied = $265680

You might be interested in
An engineer bought a $1000 bond of an American airline for $875 just after an interest payment had been made. The bond paid a 6%
goldenfox [79]

Answer:

Number of coupon payments = 13.5*2= 27

Coupon = 6%*1000/2= 30

Let rate be r

Present value of all future payments = $87

875 = 30*(1-1/(1+r)^27)/r + 1000/(1+r)^27

R= 3.74%

Nominal rate = 3.74%*2 = 7.49%

8 0
3 years ago
The statement reflecting changes in permanently restricted, temporarily restricted and unrestricted net assets for a private sec
ki77a [65]

Answer:

Statement of Net Assets or statement of financial position.

Explanation:

Statement of net assets shows the permanently restricted, temporarily restricted, and unrestricted funds. This is represented into he equity section.

A template for the creation of statement of financial position is provided by the IRS form 990.

Unrestricted assets are donations to the organisation that can be used for general expenses.

Temporarily restricted assets are set aside for a particular project by donors

Permanently restricted assets are those that are invested in perpetuity, and the revenue earned is used for a specific purpose.

3 0
3 years ago
According to the text, why is trade school more
jek_recluse [69]

<u>Explanation</u>:

A trade school is becoming popular this because it serves as a home to acquire technical education.

Thus anyone who wants to learn a skill having no prior experience is a best fit for trade school. A major benefit of the trade school is that it provides practical lessons to students, often times they are grouped together in peers for projects which encourages group learning.

5 0
3 years ago
Read 2 more answers
Government is lobbied to institute price controls because: Multiple Choice
trapecia [35]

Answer:

people care more about their own surplus than they do about total surplus. 

Explanation:

Price control can either be a price ceiling or a price floor.

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service. It is usually set below equilibrium price.

Price ceiling increase consumer surplus and reduce producer surplus.

A price floor is when the government or an agency of the government sets the least price a good or service can be sold. It is usually set above equilibrium price.

Price floor increases producer surplus and reduces consumer surplus.

Producers would be advocating for a price floor because it increases their surplus, while, consumers would advocate for a price ceiling.

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.

Producer surplus is the difference between the price of a product and the least price the seller is willing to sell the product.

I hope my answer helps you

7 0
3 years ago
For 2019, Skresso Co. reported $1.82 of earnings per share of common stock. During 2020, the firm had a 4% common stock dividend
mart [117]

Answer:

$1.75

Explanation:

Earnings per share to be reported = Earnings per share of commo stock * (1 - 4%)

Earnings per share to be reported = $1.82 * 96%

Earnings per share to be reported = $1.7472

Earnings per share to be reported = $1.75

So, the 2019 earnings per share to be reported in the annual report for 2020 are $1.75.

4 0
3 years ago
Other questions:
  • You are considering two independent projects that have differing requirements. Project A has a required return of 12 percent com
    8·1 answer
  • On January 1, 2017, Huber Co. sold 12% bonds with a face value of $2,000,000. The bonds mature in five years, and interest is pa
    6·1 answer
  • Casino's frequently reach middle-range customers by:
    11·1 answer
  • The company purchases land for $24,000 by paying cash $6,000 and taking a 10-year mortgage for $18,000 (assume zero interest rat
    11·1 answer
  • After posting the journal entries to the ledger, what is the balance of the Cash account?
    12·1 answer
  • Which agricultural system trapped many southern blacks in a cycle of debt and poverty despite their hard work?
    8·1 answer
  • Nick and Sheila Preston are married and have purchased a comprehensive major medical policy which covers them and their two sons
    10·1 answer
  • An agreement whereby an investment banker tries to sell securities of an issuing corporation, but assumes no risk if the flotati
    12·1 answer
  • The American system of democracy would be in serious trouble without ______. a. print media b. a monopoly on news media c. the r
    15·1 answer
  • A 5-year bond with a 10% coupon rate was purchased at $980 at issue and sold at $1020 by end of year 4. What is the investor's y
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!