If taxpayers are married and living together at the end of the year, they must file a joint tax return. True False

Multiple Choice Question 71 Boswell Company manufactures two products, Regular and Supreme. Boswell’s overhead costs consist of

seropon [69]

Answer:

Allocated MOH= $5,250,000

Explanation:

Giving the following information:

Overhead costs:

Machining = $5,000,000

Assembling= $2,500,000

Regular:

Direct labor hours= 10,000

Machine hours= 10,000

Number of parts= 90,000

Supreme:

Direct labor hours= 15,000

Machine hours= 30,000

Number of parts= 160,000

First, we need to calculate the estimated overhead rate for each department. For Machining, we will use the machine hours. For Assembling, we will use the direct labor hours.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machining:

Estimated manufacturing overhead rate= 5,000,000/ (10,000 + 30,000)= $125 per machine hour

Assembling:

Estimated manufacturing overhead rate= 2,500,000/(25,000)= $100 per direct labor hour

Now, we can allocate overhead to supreme.

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= (125*30,000) + (100*15,000)= $5,250,000

6 0

2 years ago

Why are financial intermediaries willing to engage in information collection activities when investors in financial instruments

d1i1m1o1n [39]

Answer:

C. Banks make private loans; their conclusions on who is creditworthy are not made public.

Explanation:

Investors in financial instruments who engage in information collection face a free-rider problem, which means other investors may be able to benefit from their information without paying for it.

Individual investors, therefore, have inadequate incentives to devote resources to gather information about borrowers who issue securities.

4 0

3 years ago

С

lozanna [386]

Answer:

I think C is correct answer

8 0

2 years ago

"Consider the following data: Cost of goods sold $70 Direct labor $20 Direct materials used $15 Cost of goods manufactured $80 W

vovikov84 [41]

Answer:

Schedule of cost of goods manufactured & Sold

Particulars Amount

Direct materials used $15

Direct labor $20

Factory overhead Applied $30

(150% of DL Cost)

Total manufacturing costs $65

Add: Beginning WIP $25

Total cost of work in process $90

Less: Ending WIP $10

Cost of goods manufactured $80

Particulars Amount

Cost of goods manufactured $80

Add: Beginning finished goods inventory $5

Cost of goods available for sale $85

Less: Ending finished goods inventory $15

Cost of goods sold $70

3 0

2 years ago

Oromyx Inc., a manufacturer of home appliances, received consumer complaints about its product demonstration and installation se

Klio2033 [76]

Answer:

B) customer satisfaction

Explanation:

Customer satisfaction is a measure that shows how happy the customers are with the products and services of the company. In this scenario, the work team improved the customer satisfaction because when the employees were trained, they were able to offer a better service which increased customer satisfaction and this was reflected in the service ratings and the rise in sales.

4 0

3 years ago