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ankoles [38]
4 years ago
12

The cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for the Blending Department for the comin

g fiscal year beginning May 1 would be $140,000, and total direct labor costs would be $100,000. During May, the actual direct labor cost totaled $13,500, and factory overhead cost incurred totaled $19,200. Required: What is the predetermined factory overhead rate based on direct labor cost?
Business
1 answer:
DochEvi [55]4 years ago
6 0

Answer:

The 140% is the predetermined factory overhead rate based on direct labor cost.

Explanation:

The given information is shown below:

Total factory overhead cost -  $140,000

Total direct labor costs -  $100,000

Actual direct labor cost -  $13,500

Factory overhead cost - $19,200

By using these information, it is easy to compute predetermined factory overhead rate which is based on direct labor cost. The formula is shown below:

= Total factory overhead cost ÷ Total factory overhead cost

=  ($140,000 ÷  $100,000) × 100

= 1.4 × 100

= 140%

Other cost is irrelevant and thus not be considered while computing predetermined factory overhead rate.

Hence, the 140% is the predetermined factory overhead rate based on direct labor cost.

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Internet is both boon and curse. Justify the statement​
Andre45 [30]

Why Internet is a boon :-

Because of internet, world has became a global village.

Internet encourages freedom of speech.

Internet is empowering everyone including those who are residing at remotest places.

Internet has created a lot of opportunities that weren’t there before. It created a lot of jobs.

Education got globalized. Students can take any course in any college through E-learning.

New innovations and resources can now be shared easily.

Transfer of files was made easy.

There is no limit to store information in the internet.

Communication has never been this easier.

We can pay bills or buy items from home, that would have required to go outside otherwise.

We can find information about anything.

We can develop our skills through many free courses available in internet.

Internet can be used for entertainment such as playing video games, watching movies etc.

The scope of gossips on celebrities is reducing because now celebrities are able interact with fans directly through social media.

Why Internet is a bane :-

According to researchers, our concentration levels are decreasing with the overwhelming usage of internet as we are concentrating on a lot of things at the same time.

Our memory power is reducing. With the growing usage of internet, we are not using our minds as much as we did when there was no internet. We used to store a lot of information in our minds and we used do simple math without using our phones etc.

The present generation has way too many distractions because of internet.

Lack of security, because hackers can easily theft data or can manipulate it.

Face to face communication has reduced.

Everyone can express their own views. But lots of misleading information too available in the internet. Children and youth can easily be misled by that.

Through Internet, viruses and malware spread easily and total data can get corrupted.

Many waste their precious time on internet.

Gossips spread easily. The privacy of celebrities is diminishing.

Internet addiction is now one of the modern world problems.

Conclusion :-

Internet is definitely a boon. It brought the world closer and made our lives easier. We should utilize technology to compete with this fast world. But every coin has two sides. It’s up to us to receive good and to leave bad.

4 0
3 years ago
Bear Tracks, Inc., has current assets of $2,280, net fixed assets of $10,400, current liabilities of $1,405, and long-term debt
Vera_Pavlovna [14]

Answer: $7185

Explanation: Shareholders equity refers to the amount of funds that are collected by the company by selling their ownership rights in the market to the general investors.

As per the subject matter of accounts, every asset that is owned by an organisation is either financed by the available funds or some liability is taken to buy it. This could be illustrated as follows :-

assets =  shareholders equity + liabilities

Putting the values into equation we get :-

$2280 + $ 10,400 = $1,405 + $4090 + shareholders equity

therefore :-

shareholders equity = $7185

6 0
3 years ago
One use of inventory is A. to provide a hedge against inflation. B. to tightly synchronize production and distribution processes
liubo4ka [24]

Answer:

A, to provide a hedge against inflation

Explanation:

An inventory is the goods or materials or items held by a company for sale at a future period. An inventory could also be called stock.

Inventory has its uses among which is to provide a hedge for inflation. Inventory helps to provide an hedge against inflation as it can be used to keep good or material or ites for sale at a later date in the situation of price rise.

Simply put, Inventory helps to hold out goods, items, materials till a period when it can be resold at a higher price.

Note that, the goods to be kept for future resale is always bought a a lower price today.

Cheers.

3 0
3 years ago
The NFL often sets their ticket prices below the equilibrium price. The NFL is setting a ______ that will create a ______.
PilotLPTM [1.2K]
The answer is  <span>Price ceiling, shortage
Price celing will set up a certain number where the maximum price of a certain product could be sold.
By setting price ceiling, the price will appear more acceptable among buyers which caused a massive demand and will eventually lead to shortage.
</span>
7 0
3 years ago
Johanna has been asked by the department manager to prepare a SWOT analysis on two of the company's products. In which step of t
Stella [2.4K]

Answer:

The options for this question are the following:

A. current reality assessment

B. establish the mission

C. prepare values statement

D. maintain strategic control

The correct answer is A. current reality assessment .

Explanation:

The current evaluation has been designed to evaluate competencies. In the new trends, two support centers can be found: one, focused on the critical review of education sciences in particular and social sciences in general and the other, more pragmatic, derived from the new challenges introduced by the progress dizzying of science and technology.

The traditional evaluation procedure responds to content-based education. It is based on forms of institutionalized obedience and tends to lead the educational process to the school routine and the use of coercive measures, thus impeding the search for critical and creative thinking.

3 0
3 years ago
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