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solniwko [45]
3 years ago
7

Ridgeway Corporation uses direct labor hours to allocate overhead to Work-in-Process. The company's budgeted overhead is $420,00

0 and it expects to produce 40,000 vases this period. It takes 2 direct labor hours to produce one vase. If 60,000 direct labor hours are actually worked during the period, how much overhead should be allocated to the Work-in-Process inventory?
Business
1 answer:
svlad2 [7]3 years ago
5 0

Answer:

$315,000

Explanation:

Overhead estimate per vase  = Budgeted overhead/ Budget vases

                                                 = $420,000/ 40,000 vases

                                                 = $10.5 per vase

Number of vases produced    = Total direct labor hours/ Labor hours per unit

                                                 = 60,000/ 2

                                                 = 30,000 vases

Overhead costs                       = Overhead cost per unit X number of vases

                                                 = $10.5 X 30,000

                                                 = $315,000

Therefore, overhead cost to be allocated to Work-in- Progress inventory is $315,000.

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One year ago, you purchased 500 shares of stock for $22 a share. The stock pays $0.32 a share in dividends each year. Today, you
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Answer:

no option is correct

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dividend income = $0.32 x 500 = $160

total return = $1,410

Maybe your teacher is asking about long term capital gains only. If that is the case, then option A. $1,250 is correct

Explanation:

total return = ending value - initial value + dividends received = (500 x $24.50) - (500 x $22) + (500 x $0.32) = $12,250 - $11,000 + $160 = $1,410

holding period return = (ending value - initial value + dividends received) / initial value = $1,410 / $11,000 = 0.1282 = 12.82%

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Benefits of eliminating dissatisfiers to the financial institution are:

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Cheers

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