Answer and Explanation:
The computation is shown below:
1. Overhead rates
For Molding Deptt
= Total Estimated overhead ÷ Total Machine hours
= $400,000 ÷ 5,000
= $80 per machine hour
For Polishing Deptt
= Total Estimated overhead ÷ Total Labor hours
= $80,000 ÷ 20,000
= $4 per machine hour
2. Overheads assigned to Form A is
= (80 × 3500) + (4 × 5000)
= $300,000
Overheads assigned to Form B is
= (80 × 1500) + (4 × 15000)
= $180,000
Now
Overhead cost per unit
Form A = $300,000 ÷ 30,000 = $10 per unit
Form B = $180,000 ÷ 50,000 = $3.6 per unit
Answer:
(B) $0.50
Explanation:
The total cost is a function of the number of maps sold and the number of books sold. To determine the cost of each, a set of equations have to be solved simultaneously.
Let the cost of a map be m and that of a book be b
12m + 10b = 38
20m + 15b = 60
6m + 5b = 19
4m/3 + b = 4, b = 4 - 4m/3
6m + 20 - 20m/3 = 19
2m/3 = 1
m = 3/2 = 1.50
b = 4 - 4m/3
b = 4 - 2 = 2
The cost of a book is $2 while that of a map is $1.50
Hence a map sell for $0.50 less than a book.
<span>Assuming
that all other requirements are met, a corporation may elect to be
treated as an s corporation under the internal revenue code if it has </span>seventy-five
or fewer stockholders.
S corporations are ordinary business corporations
that <span><span>has between 1 and 100 shareholders and</span> elect to pass corporate income, losses, deductions, and credit
through to their shareholders for federal tax purposes.</span>
The correct answer is option (b) National Foundation for Consumer Credit (US)
Credit problem solution can be provided by National Foundation for Consumer Credit (US).
<h3>What is National Foundation for Consumer Credit (US)?</h3>
A network of non-profit credit counselling groups operates nationally under the name of National Foundation for Credit Counseling (NFCC). People who have taken on too much debt can benefit from counselling in order to avoid filing for bankruptcy, which is one of the main services offered by NFCC member organisations.
If you need help with your money, contact Consumer Credit Counseling Services (CCCS), a membership organisation of regional nonprofit organisations. Consumer finance businesses, banks, credit card issuers, and other lenders all make voluntary contributions to CCCS.
Revolving credit and instalment credit are the two types of consumer credit. Revolving credit works similarly to a credit card in that the borrower is given permission to utilise a certain amount of credit whenever they need it.
To learn more about credit visit:
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