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Murrr4er [49]
3 years ago
8

The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $14 per machine

-hour. What amount wou
Business
1 answer:
yuradex [85]3 years ago
8 0

Question

The question is incomplete, hence the tutor added a piece of information

The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $14 per machine-hour. What amount would be

Assuming the actual machine hours worked is 3,500

<em>Note the actual machine was added by the tutor</em>

Answer:

Applied overhead =$49,000

Explanation:

<em>Overheads are charged to units produced by the means of an estimated overhead absorption rate. This rate is computed using budgeted overhead and budgeted activity level.  </em>

<em>Pre-determined overhead absorption rate (POAR) = Budgeted overhead/Budgeted machine hours</em>

The POAR is given as $14 per machine hour

Applied (absorbed) overhead = POAR × Actual machine hours

Applied overhead = $14 ×  3,500 =$49000

Applied overhead =$49,000

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qwelly [4]

Answer:

(a) Net Cash flow from operating activities = 115,000

(b) Net Cash flow from operating activities (NCOA) to current liabilities (CL) :

Current liabilities = 22000+9000 = 31000

NCOA to CL = 115,000/31000 = 3.71

Explanation:

Income Statement

                                                                                       $

Sales                                                                        750,000

Cost of Goods sold                                               <u> (470,000) </u>

Gross profit                                                             280,000

Wages expenses                                                   (110,000)

Rent expenses                                                        (42,000)

Insurance expenses                                              <u> (15,000)</u>

Net Income                                                             <u>  113,000</u>

<u />

Cash flow Statement

Net Income                                                                 113,000

Cash flow from operating activities :  

Increase in Receivables (54,000-49,000)                (5,000)

Decrease in Inventories (66,000-60,000)                6,000

Increase in prepaid Insurance (8000-7000)             (1000)

Increase in Accounts Payable (22000-18000)         4000

Decrease in wages payable (11000-9000)               <u>(2000)</u>

Net increase in cash flow from Operating activities 115,000

5 0
3 years ago
A budget is used to do which of the following
Leya [2.2K]

Answer:

A budget is a financial plan used to estimate future income and expenses. The budgeting process may be carried out by individuals or by organizations. Budgets help an entity determine whether it can continue to operate with its projected income and expenses.

Explanation:

thank me later

6 0
3 years ago
Micro Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15%. The current year's income state
Alexxx [7]

Answer:

$19,687 million

Explanation:

Income tax expense = Income before income tax expense*Effective tax rate

Income before income tax expense = Income tax expense / Effective tax rate

Income before income tax expense = $2,953 million / 15%

Income before income tax expense = $2,953 million / 0.15

Income before income tax expense = $19,687 million

So, the amount that Micro report as income before income tax expense that year is $19,687 million.

6 0
2 years ago
In the context of the promotional mix, _____ attempts to persuade the buyer to accept a point of view.
Ket [755]

In the context of the promotional mix, personal selling attempts to persuade the buyer to accept a point of view. Personal selling is when a sales rep meets with a potential client to close the sale. Personal selling describes in person sales events that help promote the potential client while informing them of the product.

8 0
3 years ago
Zanny Moldings has the following estimated costs for the upcoming year:
Sloan [31]

Answer:

D) $31.

Explanation:

The computation of the predetermined overhead rate is shown below:  

Predetermined overhead rate = Estimated manufacturing overhead ÷ estimated direct labor hours

where,

Estimated manufacturing overhead is

= Salary of factory supervisor + Heating and lighting costs for factory + Depreciation on factory equipment

= $37,600 + $22,000 + $5,600

= $65,200

And, the direct labor hours is 2,100

So, the predetermined overhead rate is

= $65,200 ÷ 2,100

= $31

5 0
3 years ago
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