The correct answer (in Florida, could be different in other places) is 200 feet.
Answer:
$51.00
Explanation:
Calaulation of Baka Corporation predetermined overhead rate for the year.
Formula for predetermined overhead rate:
Predetermined overhead rate=Estimated overhead÷Estimated direct labor hours
Where,
Estimated overhead= 239,700
Estimated direct labor hours= 4,700
Let plug in the formula
(239,700/4700)
=$51 per direct labor hour
Therefore the predetermined overhead rate for the year was closest to $51 per direct labor hour.
Answer: Please refer to answer
Explanation:
The relates adjusting entries are,
December 31, 2015
DR Vacation Benefit Expense (29*250) $ 7,250
CR Vacation Benefits Payable $7,250
(Accounting for Vacation Benefit Payable)
December 31, 2015
DR Warranty Expense ( (4000*0.06) *12) $2,880
CR Estimated Warranty Liability $2,880
(Accounting for Warranty Liability)
If you need any clarification do react or comment.
Answer:
Flexible manufacturing system
Explanation:
A flexible manufacturing system is a method of production that allows for the easy adjustment of a manufacturer to the type or quantity of product being manufactured whether predicted or unpredicted.
This flexible manufacturing system is possible by the configuration or reconfiguration of computer systems to take up various levels of production.
Flexible manufacturing system has its advantages and disadvantages like any other systems but the main advantage of the flexible manufacturing system is that it helps to effectively manage manufacturing resources such as time, effort, quality, etc.
Its disadvantages include high financial implication to set up, maintenance, complication of system, etc
I hope this helps.
Answer: Net loss = $2
Explanation:
Given that,
Purchase one IBM July 120 put contract for a premium of $5
IBM stock is at $123 per share on the market
In buying these kind of call option, a person can makes the profit if the future price of the share is greater than the strike price.
Here,
Profit = $123 - $120 = $3
But, we have to deduct the premium paid that is $5
Therefore,
Net loss = Profit - premium paid
= 3 - 5
=$2 ⇒ This much loss realize on a the investment.
