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vovangra [49]
3 years ago
12

Before the year began, Butler Manufacturing estimated that manufacturing overhead for the year would be $175,800 and that 13,600

direct labor hours would be worked. Actual results for the year included the following:
Actual manufacturing overhead cost $175,800
Actual direct labor hours 13,600
The predetermined manufacturing overhead rate per direct labor hour is closest to
A) $12.08.
B) $12.67.
C) $12.78.
D) $13.41
Business
1 answer:
Sergio039 [100]3 years ago
3 0

Answer:

$12.78

Explanation:

If you use I=PrT plug in 175,000 for I and then 13600 for P and then for time (T) plug in 1 year. The rate would be 12.92 which is closer to 12.78.

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Selected financial information for Solomon Company for 2019 follows:
katovenus [111]

Answer:

9.89 times

Explanation:

Calculation to determine the merchandise inventory turn over during 2019

First step is calculate the Average Inventory using this formula

Average Inventory = (Opening Inventory + Closing Inventory) / 2

Let plug in the formula

Average Inventory= (154,000 + 200,000) / 2

Average Inventory= 354,000 / 2

Average Inventory= 177,000

Now let determine the Merchandise Inventory Turnover using this formula

Merchandise Inventory Turnover = Cost of goods sold/ Average Inventory

Let plug in the formula

Merchandise Inventory Turnover= 1,750,000 / 177,000

Merchandise Inventory Turnover= 9.89 times

Therefore Assuming that the merchandise inventory buildup was relatively constant, the merchandise inventory turn over during 2019 is 9.89 times

8 0
3 years ago
If you have a credit card with 12.99% APR that compounds daily, what is the effective
gregori [183]

Answer: 13.87%

Explanation:

Effective interest rate is calculated by the formula:

=  (1 + APR / Number of compounding periods)) ^ Number of compounding periods - 1

Number of compounding periods = 365 days in a year

= (1 + 0.1299/365) ³⁶⁵ - 1

= 0.138688

= 13.87%

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3 years ago
Will give brainliest for only one question please help
Marizza181 [45]

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