1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natima [27]
3 years ago
10

Swifty Company uses the units-of-activity method in computing depreciation. A new plant asset is purchased for $41000 that will

produce an estimated 110000 units over its useful life. Estimated salvage value at the end of its useful life is $3600. What is the depreciation cost per unit?
Business
1 answer:
cluponka [151]3 years ago
8 0

Answer:

depreciation rate per unit $0.34

Explanation:

To calculate the depreciation cost per unit we divide the amount subject to depreciation by the estimated untis production over its useful life:

depreciable amount:

$41,000 - $3,600 = $ 37,400

depreciation rate:

$37,400 / 110,000 units = $0.34

You might be interested in
The state and local police departments are trying to analyze crime rates so they can shift their patrols from decreasing-rate ar
Mars2501 [29]

Answer:

= 0.008

Explanation:

Base on the scenario been described in the question , to develop a p-chart, first calculate as shown below:

P bar= total number of defective units from all samples /(number of samples ×sample size)

= 100/(12×1000)

= 100/12000

= 0.008

Thus, the p bar is 0.008

5 0
2 years ago
Using the following accounts and a predetermined overhead rate of 50% of direct labor cost, determine the amount of applied over
sveta [45]

Answer:

The amount of applied overhead is $41,500

Explanation:

Given,

Beginning WIP -$ 23,000  

Direct materials - $69,000

Ending WIP - $ 47,220

Beginning FG - $6,400

Ending FG - $169,280

By using the above information, it is easy to calculate the direct labor. Through which , the computation of applied overhead become easy.

The formula for computing direct labor is as follows:

1.50 × Direct labor + Beginning WIP + Direct materials = Ending WIP + Ending FG

1.50 × Direct labor + $ 23,000  +$69,000  = $ 47,220 + $169,280

1.50 × Direct labor + $ 92,000 = $ 216,500

1.50 × Direct labor = $ 216,500 - $ 92,000

1.50 × Direct labor  = $124,500

Direct labor = $124,500 ÷ 1.50

Direct labor = $83,000

Thus, the direct labor is $83,000

The predetermined overhead rate of 50% of direct labor cost.

So,  

Predetermined overhead rate = $83,000 × 50%

                                                  = $41,500

Thus, the amount of applied overhead is $41,500.

Note : Since ,the predetermined overhead rate of 50% of direct labor cost so we assume ( 1+0.50) 1.50 of direct labor because it is easy to calculate the predetermined overhead rate.

                   

4 0
3 years ago
Is anyone else bored? or is it just me?
choli [55]

Answer:

same here just awake hehe

6 0
3 years ago
Read 2 more answers
Luz manages a chain of bars and restaurants in a tri-county area that has recently experienced an economic boom because of frack
mixas84 [53]

Answer:

an increase in prices.

Explanation:

When there is too much money in the economy due to high oil prices, prices tend to go up because surplus cash is pursuing few goods.

It is easy in this scenario to have prices double for some goods.

This is why where in areas where there is economic boom all prices go up from real estate to petty goods. This trend becomes the norm as residents take new price regime as normal.

3 0
3 years ago
Agee Storage issued 40 million shares of its $1 par common stock at $15 per share several years ago. Last year, for the first ti
zysi [14]

Answer:

Agee’s total paid-in capital will decline by $17 million.

Explanation:

Stock Repurchase is a method to reduce the outstanding shares and equity value of the company in the market, company pays the stockholder and purchases own shares, which can be reissued or cancelled later on.

Common stock value = 40 million shares x $1 per share = $40 million

Additional Paid-in-Capital = 40 million shares x ( $15-$1)per share = $560 million

Stock was repurchased and recorded as follow

Dr. Treasury Shares  $18 million

Cr. Cash                     $18 million

Retirement of Shares will reduce the values as follow

Common stock value = 1 million shares x $1 per share = $1 million

Additional Paid-in-Capital = 1 million shares x ( $18-$1)per share = $17 million

Journal Entry on retirement of shares

Dr. Common stock    $1 million

Dr. Paid-In-Capital     $17 million

Cr. Treasury Shares  $18 million

The paid in capital will reduce by $17 million

7 0
3 years ago
Other questions:
  • parking lot charges $5.00 for the first two hours of parking and $0.75 for each additional half hour or part thereof. Of Sam par
    7·1 answer
  • The net income reported on the income statement for the current year was $295,000. Depreciation recorded on fixed assets and amo
    6·1 answer
  • Shangrilah Sandals is a manufacturing firm in a developing country, where it routinely uses grease payments to local officials t
    15·1 answer
  • Lark had net income for 2018 of S103,000. Lark had 38,000 shares of common stock outstanding at the beginning of the year and 44
    11·1 answer
  • Which of the following is a criterion that must be met in order for an item to be recognized as an intangible asset?
    7·1 answer
  • Which of the following integrates the functions of operations management, logistics management, supply management, and marketing
    10·2 answers
  • For one photography session, dexter earns no less than $50, but no more than $100. which inequality can be used to represent his
    5·2 answers
  • In some instances accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit in
    14·1 answer
  • How van an oligopoly cause market failure (8)​
    10·1 answer
  • marquis suites shows movies in a living room atmosphere with comfortable chair and food and beverage service it deliverately cha
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!