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dexar [7]
3 years ago
11

rippett Industries manufactures cleaning products. During the year, the company spent $600,000 on chemicals and $728,000 on conv

ersion costs. Overhead is applied at a rate of 180% of direct labor costs. How much did the company spend on manufacturing overhead during the year? Multiple Choice $260,000. $468,000. $128,000. $404,444.
Business
1 answer:
Andru [333]3 years ago
5 0

Answer:

The manufacturing overhead cost during the year=$128,000

Explanation:

The manufacturing overhead costs can be calculated using the formula below;

O=C-M

where;

O=manufacturing overhead costs

C=conversion costs

M=material costs

In our case;

O=unknown

C=$728,000

M=$600,000

replacing;

O=728,000-600,000=128,000

O=128,000

The manufacturing overhead cost during the year=$128,000

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Alexandria has gone to the store to shop for a new backpack. She looks for the same brand she has always bought in the past but
Sergio [31]

Answer:

The correct answer is aesthetic.

Explanation:

The aesthetics in the design of products refers to the response or reaction of people with an object, artifact or system, this response is manifested through the senses: vision, touch, hearing, taste and smell. Each one contributes to the perception of the product considering whether it is pleasant, pleasant, or if it evokes attraction in the person.

In this case, Alexandria has noticed a change in the design, which may affect your purchase decision, because you may have preferences towards a specific color.

4 0
3 years ago
: How does horizontal growth differ from vertical growth as a corporate strategy? From concentric diversification?
Rina8888 [55]

Answer:

Explanation:

Horizontal Growth is a growth in which the company extend its business by obtaining larger share of its market by acquiring its competitors.

Example: Apple iphone acquires samsung.

Vertical growth is growth in which company acquires another entity in it's supply chain there are two kinds of vertical growth:

1) Backward : in this growth the company acquires its suppliers such as car assembling Company acquires Tyre supplying company.

2) Forward : in this growth the company enters in to customers market by acquiring its customers such as leather production company acquires shoe making company.

8 0
3 years ago
On March 14, Teal Co. accepted a 120-day, 6% note in the amount of $10,000 from AZC Co., a customer. On the due date of the note
Y_Kistochka [10]

Answer:a credit to  Interest revenue for $200

Explanation:

Interest =  Principal x rate x time ( period )

= $10,000 x 6% x 120/360

=$200

    Account titles and explanation               Debit Credit  

                       Cash                                $10,200  

    Note receivable                                          $10,000  

    Interest revenue                                           $200

Therefore, The journal entry that Teal would make to record payment of this note would include a credit to  Interest revenue for $200

5 0
2 years ago
The following transactions were completed by the company. The company completed consulting work for a client and immediately col
Burka [1]

Answer:

See explanation Section

Explanation:

See the image to get the appropriate answer.

7 0
3 years ago
Vicky Robb is considering purchasing the common stock of Hawaii Industries, a rapidly growing boat manufacturer. She finds that
Sergio [31]

Answer:

P0 = $51.9956 rounded off to $52.00

Explanation:

The two stage growth model of DDM will be used to calculate the price of a stock whose dividends are expected to grow over time with two different growth rates. The DDM values a stock based on the present value of the expected future dividends from the stock.

The formula for price of the stock today under this model is,

P0 = D0 * (1+g1) / (1+r)  +  D0 * (1+g1)^2 / (1+r)^2  +  ...  +  D0 * (1+g1)^n / (1+r)^n  + [ (D0 * (1+g1)^n * (1+g2) / (r - g2)) / (1+r)^n ]

Where,

  • D0 is the dividend today or most recently paid dividend
  • g1 is the initial growth rate which is 20%
  • g2 is the constant growth rate which is 8%
  • r is the required rate of return

P0 = 2.5 * (1+0.2) / (1+0.15)  +  2.5 * (1+0.2)^2 / (1+0.15)^2  +  

2.5 * (1+0.2)^3 / (1+0.15)^3  +

[(2.5 * (1+0.2)^3 * (1+0.08) / (0.15 - 0.08) / (1+0.15)^3)

P0 = $51.9956 rounded off to $52.00

3 0
3 years ago
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