Answer:
Predetermined manufacturing overhead rate= $33.1 per direct labor hour
Explanation:
Giving the following information:
Salary of factory supervisor $37,800
Heating and lighting costs for factory $22,900
Depreciation on factory equipment $5500
The company estimates that 2000 direct labor hours will be worked in the upcoming year.
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (37,800 + 22,900 + 5,500) / 2,000
Predetermined manufacturing overhead rate= $33.1 per direct labor hour
These payments to shareholders are called Dividends. The correct option is A.
<h3>Why are dividends paid?</h3>
Dividends are payments made to shareholders based on the number of shares they own. Shareholders expect profits to be returned to them by the companies in which they invest, but not all companies pay dividends.
A dividend is a monetary or non-monetary reward given by a company to its shareholders. Dividends can be paid in a variety of ways, including cash, stock, or any other form. The dividend of a company is decided by its board of directors and must be approved by the shareholders.
Thus, the ideal selection is option A.
Learn more about Dividend here:
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Answer:
False
Explanation:
When interpreting correlation, it is important to remember that correlation does not equal causation. We would only be able to conclude that a part of the variation in one of the variables (as measured by its variance) can be considered as being due to its relationship with the other variable.
Answer:
journal entries are given below
Explanation:
given data
computers cost = $4,740
Accumulated Depreciation = $4,740
disposal = $3,480
solution
journal entries are
S.No. Accounting Titles Debit Credit
a. Accumulated depreciation 4,740
Computer 4,740
b. Accumulated depreciation 3,480
Loss on disposal 1,260
Computers 4,740
