Answer:
$4,850 under allocated
Explanation:
Giving the following information:
Manufacturing overhead is allocated at 130% of direct labor cost.
The actual manufacturing overhead costs incurred in June amounted to $41,300.
Job No. 265:
Direct labor= $35,500
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base= 1.3*35500= $46,150
Over/under allocation= real MOH - allocated MOH= 46150 - 41300= $4,850 under allocated
$295,000 is the yearly depreciation using the double-declining-balance method.
The double declining balance approach is predicated on the idea that an asset's value depreciates quickly, faster at the start of its useful life than at the end.
Therefore, we will figure out the straight-line depreciation amount and then double it to figure out the twofold decreasing balance. A $900,000 asset value divided by three years equals $30,000 for the first year. Given that the dropping balance is twofold, the straight-line depreciation amount is multiplied by two.
Straight-line method we would just take the $900,000 minus the $15,000 of salvage value we would depreciate divided by three years, and the straight line charge would be $295,000 for year of the three years.
To know more about double-declining-balance method,refer to:
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Answer:
Company A and Company B
Determination of annual revenue:
a) The information needed to determine which company has higher annual revenue include:
i) The annual quantities of packs of paper coffee cups sold to the Caribou Coffee locations in the US for a number of years.
ii) The annual quantities of dinner plates sold to Applebee's for the same years as above.
b) The annual revenues can be calculated by multiplying the price for a pack of 100 cups by the annual quantity sold.
Explanation:
Revenue is a function of price and quantity sold. The price is unit selling price and the quantity depends on the period for which revenue is being computed.
Revenue is the earnings from the sale of goods and services. The excess of revenue over cost of sales gives the gross profit, from which expenses would be deducted to arrive at net income after adding other incomes from non-operational activities.
Answer:
The total amount that would be paid to bank is $11,564.
Explanation:
I = PRT/100
I is the simple interest on the loan
P is the amount of loan taken = $9,800
R is the simple interest rate = 6%
T is the duration for the loan to be paid with interest = 3 years
I = 9,800×6×3/100 = $1,764
Total amount to be paid = P + I = $9,800 + $1,764 = $11,564
