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ankoles [38]
3 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]3 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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Les just bought a megaphone of root beer. As he drinks from the giant cup, he eventually becomes full. One of his friend's comme
MrMuchimi

Answer:

Sink-Cost Fallacy

Explanation:

According to my research on studies conducted by various behaviorists, I can say that based on the information provided within the question the mental bias that describes Les's behavior is called the Sink-Cost Fallacy. This fallacy/bias refers to when an individual relentlessly continues's a behavior solely because of the resources that they have invested, either being time, money, or effort. Which in this case since, Les invested money into the drink so he does not want to waste it even though it might make him sick.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
2 years ago
The Pita Pit borrowed $100,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest
Daniel [21]

Answer:

$4,000

Explanation:

The computation of the interest expense is shown below:

= Borrowed amount × rate of interest × number of months ÷ (total number of months in a year)  

= $100,000 × 12% × ( 4 months ÷ 12 months)  

= $4,000

The four months is taken from Jan 2022 to May 2022

We simply applied the simple interest formula to determine the interest expense and the same is shown above

4 0
3 years ago
According to GAAP, the amount of bad debt expense can be estimated by: A. Only the percent of sales method. B. Only the percent
yarga [219]

Answer:

E. Bad debt expense can be estimated by the percent of sales method, the percent of accounts receivable method, or by the aging of accounts receivable method.

Explanation:

The bad debt is an expense that is to be shown on the debit side of the income statement. It refers to the amount which is not collectible by the company due to partie bankruptcy

It can be estimated by the following methods using the Generally accepeted accounting principles (GAAP)

1. percent of accounts receivable method,

2. percent of sales method

3. the aging of accounts receivable method

Hence, the correct option is E.

7 0
3 years ago
What is the danger of having a lot of debt?<br> (brainlyest)
ArbitrLikvidat [17]

Answer:

probably not paying it off in time or something

Explanation:

4 0
2 years ago
Read 2 more answers
An educational software company wants to compare the effectiveness of teaching about supply and demand curves between computer a
Fiesta28 [93]

Answer:

Yes, this is often an experiment. the corporate assigned students to either the animation or the text, instead of watching post hoc ergo propter hoc data.

Explanation:  

The explanatory variables are the pre-test data and therefore the assignment to a given group. The responding variable is that the post-test data.

6 0
2 years ago
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