Answer:
Allocated MOH= $18,750
Explanation:
Giving the following information:
The estimated total factory overhead= $300,000
Total estimated direct labor cost= $240,000.
The actual direct labor cost was $15,000.
First, we need to calculate the estimated overhead rate based on direct labor cost. Then, we can allocate overhead.
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
Estimated manufacturing overhead rate= 300,000/240,000= $1.25 per direct labor dollar
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 1.25*15,000
Allocated MOH= $18,750
Answer:
worker is protected by a cost-of-living adjustment clause in an employment contract
Explanation:
Cost of Living Adjustment(COLA) is an increase made to income from social security to counter the inflationary effects. The COLA change is essentially equivalent to the Consumer Price Index ( CPI) percentage increase over a given period.
All other options are wrong as it is not fit to the current situation
hence, the correct option is B.
Answer:
lol I did it so I just won’t you get back lol bye bye lol lo but it’s 76
Explanation:
Answer:
See below
Explanation:
1. Current ration
= Current asset/Current liabilities
Current assets = Cash + Marketable securities + Accounts receivables + Inventory
= $210,000 + $120,000 + $110,000 + $160,000
= $600,000
Current liabilities = Accounts payable = $200,000
Current ratio = $600,000/$200,000
Current ratio = 3:1
2. Quick ratio
= Current assets - Inventory / Current liabilities
= ($600,000 - $160,000) / $200,000
= 2.2 : 1
