Answer:
Estimated manufacturing overhead rate= $0.2 per direct labor dollar
Explanation:
Giving the following information:
Direct labor, $30,000
Factory overhead applied $6,000.
<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
6,000= Estimated manufacturing overhead rate*30,000
6,000 / 30,000 = Estimated manufacturing overhead rate
Estimated manufacturing overhead rate= $0.2 per direct labor dollar
Answer:
Kindly check attached picture for detailed answer and explanation
Explanation:
Given :
January 5: Issued 300,000 of its common shares for $8 per share and 3,000 preferred shares at $110. February 12: Issued 50,000 shares of common stock in exchange for equipment with a known cash price of $310,000. The articles of incorporation authorize 5,000,000 shares with a par value of $1 per share of common and 1,000,000 preferred shares with a par value of $100 per share.
A purpose of government regulation in a mixed-market economy is to protect A) Property rights
Answer:
B. unique markets
Explanation:
Macroeconomics is concerned with the overall behavior of the economy as a whole. It studies the performance and decision-making processes of the entire economy. Macroeconomics focuses on the aggregate indicators that affect the entire country, such as inflation, unemployment rate, GDP growth rate, and price levels.
From the list provided, macroeconomics will be concerned with global markets, national unemployment, and worldwide inflation. Unique markets are specific to a certain product or industry and will be covered by microeconomics. Microeconomics is the study of how choices made by firms and households affects production and consumption of specific products.
Answer:
$396,000
Explanation:
Computation for the actual return on the plan assets for 2020
Fair value of pension plan assets, December 31, 2020 2,560,000
Fair value of pension plan assets, January 1, 2020 $2,240,000
Increase in fair value of plan assets $320,000
($2,560,000-$2,240,000)
Deduct: Contributions to the plan in 2020 $253,000
Less Benefits paid retirees in 2020 ($329,000)
($253,000-$329,000)
=($76,000)
Actual return on plan assets for 2020$ $396,000
($320,000+$76,000)
Therefore the actual return on the plan assets for 2020 will be $396,000
