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Novosadov [1.4K]
4 years ago
13

Forner, Inc., manufactures and sells two products: Product Z1 and Product Z8. The company has an activity-based costing system w

ith the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product Z1 Product Z8 Total Labor-related DLHs $ 145,000 4,000 2,000 6,000 Machine setups setups 68,360 1,100 300 1,400 Order size MHs 1,069,190 2,700 3,100 5,800 $ 1,282,550 The activity rate for the Order Size activity cost pool under activity-based costing is closest to:
Business
1 answer:
Alona [7]4 years ago
7 0

Answer:

$184.34

Explanation:

The computation of activity rate for the Order Size activity cost pool is shown below:-

The Activity rate for Order size = Estimated order size overhead cost ÷ Total machine hours

= 1,069,190 ÷ 5,800

= $184.34

Therefore for computing the activity rate for the Order Size activity cost pool we simply applied the above formula and ignore all other value.

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3 years ago
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The closing entry for dividends involves a debit to ______ and a credit to ______. (Select all that apply.)
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The closing entry for dividends involves a debit to <u>A. Retained Earnings</u> and a credit to <u>Dividends</u>.

<h3>What is a closing entry?</h3>

A closing entry is the journal entry at the end of the accounting period so that temporary ledger accounts (mainly income statement items) are moved to permanent accounts (balance sheet items).

<h3>Answer Options:</h3>

A. Retained Earnings; Dividends

B. Dividends; Retained Earnings

C. Dividends; Dividends Payable

D. Dividends Payable; Dividends

Thus, the closing entry for dividends is a debit to Retained Earnings, which is a permanent account, and a credit to Dividends (a temporary account).

Learn more about closing entries at brainly.com/question/13408214

7 0
2 years ago
A study comparing perceptions of punctuality in the United States and Brazil found that Brazilian timepieces are less reliable a
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On the other hand a culture that makes use of monochronic time values doing a thing at a time and find it easier to meet their targets.

The Brazilians are more of a Polychronic time culture as described in the question.

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3 years ago
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Ace Industries has current assets equal to $3 million. The company's current ratio is 1.5, and its quick ratio is 1.1. What is t
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Answer:

a

Explanation:

I have no clue but good luck on test

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