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seropon [69]
2 years ago
14

Snape Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hour

s. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours. The company recently completed Job M800 which required 150 direct labor-hours. The predetermined overhead rate is closest to: a. $7.10 per direct labor-hour b. $11.90 per direct labor-hour c. $2.40 per direct labor-hour d. $9.50 per direct labor-hour
Business
1 answer:
AfilCa [17]2 years ago
7 0

Answer:

Estimated manufacturing overhead rate= $9.5 per direct labor hour

Explanation:

Giving the following information:

The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (497,000/70,000) + 2.4

Estimated manufacturing overhead rate= $9.5 per direct labor hour

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slavikrds [6]

deferral is the answer.

A deferral in accrual accounting is an account on which income or expenses are recorded at a later date. Pensions, surcharges, taxes, income, etc. Accruals and deferrals can be viewed as either assets or liabilities, depending on the type of accrual. See also boundaries.

deferral means money paid or received before the product or service is offered. Here is an example of postponement: Insurance fee. Subscription-based services (newspapers, magazines, TV shows, etc.) Prepaid rental.

deferral is a payment made in one accounting period but not reported until the next accounting period. For example, if you made a payment at the end of the year but did not report until the new year, this will be postponed.

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5 0
1 year ago
Thornton Industries began construction of a warehouse on July 1, 2018. The project was completed on March 31, 2019. No new loans
Nina [5.8K]

Answer:

interest capitalized during 2018 = $29,000

interest capitalized during 2019 = $14,000

Explanation:

current outstanding liabilities:

$6,000,000, 8% note

$9,000,000, 3% bonds

construction related expenditures:

July 1, 2018 $580,000

September 30, 2018 $870,000

November 30, 2018 $870,000

January 30, 2019 $810,000

interest capitalized for 2018:

July 1, 2018 $580,000 x 6/12 = $290,000

September 30, 2018 $870,000 x 3/12 = $217,500

November 30, 2018 $870,000 x 1/12 = $72,500

total weighted accumulated expenditures = $580,000

weighted interest rate:

$6/$15 x 8% = 3.2%

$9/$15 x 3% = 1.8%

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interest capitalized during 2018 = $580,000 x 5% = $29,000

interest capitalized for 2018:

January 1, 2019 $580,000 x 3/12 = $145,000

January 30, 2019 $810,000 x 2/12 = $135,000

total weighted accumulated expenditures = $280,000

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Assuming you see a logo and recognize the brand as it is being presented to you, this is an example of Aided recall.

<h3>What is aided recall?</h3>

Aided recall can be defined as the process in which a person is being asked a question partaining to the advertisement he/she saw.

Aided recall in important as it help to create product awareness and it enables people to recognize a brand based on the advert they saw and to showcase their knowledge about the advert when asked.

Inconclusion this is an example of Aided recall.

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