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WARRIOR [948]
3 years ago
10

In the Assembly Department of Hannon Company, budgeted and actual manufacturing overhead costs for the month of April 2017 were

as follows. Budget ActualIndirect materials $14,200 $13,700Indirect labor 19,100 19,900Utilities 11,400 12,100Supervision 4,600 4,600
All costs are controllable by the department manager.
Prepare a responsibility report for April for the cost center

Business
1 answer:
Volgvan3 years ago
7 0

Answer:

Please see attachment .

Explanation:

Please see attachment .

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Berry Corporation has 100,000 shares of $10 par common stock authorized. The following transactions took place during 2017, the
Y_Kistochka [10]

Answer:

$570,000

Explanation:

The computation of total paid-in capital is shown below:-

Common stock issued for cash

Cash Dr, $270,000      (20,000 × $13.50)

           To Common Stock $200,000    (20,000 × $10)

         To Additional paid in capital $70,000   (20,000 × ($13.50 - $10)

(Being common stock issued for cash is recorded)

Common stock issued for patent

Patent (FMV of patent) Dr, $300,000

              To Common Stock $200,000     (20,000 × $10)

To Additional paid in capital $100,000          (20,000 × $10 ÷ 2)

(Being common stock issued for patent is recorded)

For recording this two entries we debited the cash as it rise assets and at the same time it also rise the overall stockholder equity so common stock and the additional paid in capital for common stock is credited

So,

Total paid in capital = Common Stock + Additional paid in capital

= ($200,000 + 200,000) + ($70,000 + $100,000)

= $400,000 + $170,000

= $570,000

6 0
3 years ago
The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $14,000 Current assets $3
Sav [38]

Answer:

The sustainable growth rate is 16.52%

Explanation:

To compute the substantial growth rate, first, we have to calculate the retention ratio. The formula to compute the retention ratio is shown below:

= 1 – payout ratio

= 1 – 0.16

=0.84 or 84%

Now, we use the formula of substantial growth rate which is shown below:

= (Return on equity × retention ratio) ÷ { 1 -  (Return on equity × retention ratio)}

where,

Return on equity = (Net income ÷ total equity) × 100

                            = ($3,640 ÷ $21,560) × 100

                            = 16.88%

= (16.88% × 84%) ÷ ( 1 -  16.88% × 84%)

= 0.141792 ÷ (1 -  0.141792 )

= 0.141792  ÷ 0.858208

= 0.1652 or 16.52%

8 0
3 years ago
A firm is considering expanding its current operations and has estimated the internal rate of return on that expansion to be 12.
andrew-mc [135]

Answer:

expansion should be undertaken as it has a positive net present value

7 0
3 years ago
What is Design Thinking? (simple definition)
snow_lady [41]
Design thinking is a problem solving protocol that any buisness or profession can employ to achieve big results
8 0
4 years ago
If you add two more people to a project team of five, how many more communication channels will you add?
harkovskaia [24]

If you add two more people to a project team of five, 18 more communication channels will you add.

A communication channel is a medium between two people communicating. As people increases in communication, the number of channels increases. The increased channel creates more complexity in communications as people get more paths to communicate with each other. Hence, to calculate the number of communication channels, there is a formula derived:

Communication channels can be divided into three main channels: (1) verbal, (2) written, and (3) non-verbal. Each of these communication channels has different strengths and weaknesses, and often more than one channel can be used at once.

Learn more about Communication channels at

brainly.com/question/848260

#SPJ4

7 0
1 year ago
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