Producers
<span>hope this helps!!!</span>
Answer:
$364,980
Explanation:
Computation for the amount of under- or overapplied overhead for the year.
First step is to calculate the
Predetermined Overhead using this formula
Predetermined Overhead rate = Estimated overhead/direct labor estimated
Let plug in the formula
Predetermined Overhead rate= 358,900/227,000
Predetermined Overhead rate= 158% of direct labor cost
Now let determine the Overhead applied
Overhead applied = $231,000*158%
Overhead applied= $364,980
Therefore the amount of under- or overapplied overhead for the year is $364,980
Bradds, Inc., has sales of $589,000, costs of $278,000, depreciation expense of $30,000, interest expense of $25,000, a tax rate
stiks02 [169]
Answer:
$106.400
Explanation:
Icome statement
Sales of $589,000
Costs of -$278,000
Depreciation expense of -$30,000
Interest expense of -$25,000
===============================
Total $ 256.000
Tax Rate 35% - $89.600
Net Income $ 166.400
Dividens Paid Out - $60.000
Addition to Retained Earnings $106.400
Answer:
In financial terms, Jerry is a shareholder of Elaine's ice cream business and George is a bondholder.
Explanation:
Jerry is entitled to 33.3% of Elaine's ice cream business profit, so he owns a share of the businesses profit.
Elaine has to pay George $700 in interest for the money he lent her, the $700 would be the coupon and $10,000 the bond value.