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Butoxors [25]
4 years ago
15

Thomlin Company forecasts that total overhead for the current year will be $7,584,000 with 158,000 total machine hours. Year to

date, the actual overhead is $3,818,000, and the actual machine hours are 83,000 hours. The predetermined overhead rate based on machine hours is Round the answer to the nearest dollar. a.$46 per machine hour b.$24 per machine hour c.$91 per machine hour d.$48 per machine hour
Business
2 answers:
IRINA_888 [86]4 years ago
4 0

Answer:

(D) $48 per machine hour

Explanation:

The predetermined overhead rate is given by total estimated overhead divided by the total estimated machine hours

Total estimated overhead = $7,584,000

Total estimated machine hours = 158,000 hours

Predetermined rate = $7,584,000 ÷ 158,000 hours = $48 per machine hour

shusha [124]4 years ago
3 0

Answer:

d. $ 48 per machine hour

Explanation:

To calculate the predetermined overhead rate based on machine hours, we have to divide the total forecasted overhead cost with the forecasted overhead machine hours.

The predetermined overhead rate based on machine hours is:

$ 7,584,000  / 158,000 = $ 48 per machine hour.

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Answer: See explanation

Explanation:

a. Which of these expenses can Robert deduct?

From the question, the deductible expenses will include the property taxes and the mortgage interest.

b.Can Anne deduct the $1,500 of property taxes?

Anne cannot deduct the $1,500 of property taxes because the $1500 has already been paid by Robert who is his father.

c.Are the deductions for AGI or from AGI (itemized)?

The deductions are from AGI itemized.

d.How could the tax consequences be improved?

The tax consequences be improved when a cash gift is given to Anne by his father Robert and then pay for her expenses.

6 0
3 years ago
Henry deposits $2,000 in currency in the first street bank. later that same day jane harris negotiates a loan for $5,400 at the
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4 0
3 years ago
Bad Debts account has a credit balance of $8,000 before the adjusting entry for bad debts expense. After analyzing the accounts
White raven [17]

Answer:

$14,300

Explanation:

Based on the information given we were told that the​ management of the company estimated that the amount in the uncollectible accounts will be the amount of $14,300 which means that the amount of $14,300 will be the balance of the Allowance for Bad Debts that should be reported on the company balance​ sheet.

5 0
4 years ago
Culture is a system of values and norms shared among a group of people and that when taken together constitute a design for livi
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Answer:

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The following shows the matching of the given examples with their respective categories:

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7 0
3 years ago
If Frica Morrison a machine operator at Stanley Foundry, makes $513.66 a week and has 33 in FIT withheld, how many allowances ha
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Using the <em>Single's Person Weekly payroll</em> distribution , the number of allowances claimed by Frica Morrison will be 3.

<u>Given that</u> :

  • Weekly pay = $513.66
  • Federal income tax withheld = 33

<em>From the payroll table</em>, Frica's weekly pay falls inbetween $510 - $520 ; checking along the row, we can see from the <em>table(attached)</em> that Federal income tax withheld of $33 falls under the 3 allowances claimed.

This means that for Frica to have $33 withheld from his <em>weekly pay of $513.66</em>, then he must have claimed 3 allowances.

Therefore, the Number of allowances claimed by Frica Morrison is 3.

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2 years ago
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