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user100 [1]
3 years ago
12

Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. A

ctivity Cost Pool Cost Driver Est. Overhead Cost Driver Activity Ordering and Receiving Orders $ 150000 500 orders Machine Setup Setups 324000 450 setups Machining Machine hours 1587500 125000 MH Assembly Parts 1260000 1000000 parts Inspection Inspections 330000 500 inspections If overhead is applied using activity-based costing, the overhead application rate for ordering and receiving is
Business
1 answer:
Darya [45]3 years ago
6 0

Answer:

Overhead rate for ordering and receiving = $300 per order.

Explanation:

Given Activity costs and activity drivers

Activity                                          Overhead Cost            Driver Activity

Ordering & Receiving Order           $150,000                     500 orders

Machine Setup                                  $324,000                    450 setups

Machining                                          $1,587,500                   125,000 MH

Assembly Parts                                 $1,260,000                   1,000,000 parts

Inspection                                           $330,000                        500 inspections

Under activity based costing the rates are based on the nature of activity and the rates are based on number of those activities per driver. As for ordering and receiving there are total of 500 orders and total cost = $150,000 that is cost per order will be computed.

Overhead rate for ordering and receiving = $150,000/500 orders = $300 per order.

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A bond indenture is
Lena [83]

Answer:

C. A contract between the corporation issuing the bonds and the bond trustee, who is acting on behalf of the bondholders.

Explanation:

A bond indenture specifies the contract which is between the bond issuers and bond holders. The contract specifies all the obligations owed by the issuers to the bond holders.

In this case the right definition of indenture would be a contract between the corporation issuing the bonds and the bond trustee, who is acting on behalf of the bondholders.

Hope that helps.

5 0
3 years ago
Camper's Edge Factory produces two products: canopies and tents. The total factory overhead is budgeted at $750,000 for the year
Pavel [41]

Answer:

Camper's Edge Factory

Departments                                  Cutting             Sewing

a. The total number of budgeted

   direct labor hours for the year  60,000            70,000

b. Products                                     Canopy          Tent

   Factory overhead per unit         $17.50            $40

Explanation:

a) Data and Calculations:

Total budgeted factory overhead = $750,000

                                               Canopy        Tent     Total

Direct labor hours  

Cutting                                       2                     1         3

Sewing                                       1                     6         7

Total direct labor hours            3                    7

Budgeted production units 20,000          10,000

Departments                              Cutting                        Sewing

Budgeted factory overhead  $350,000                     $400,000

Direct labor hours:

Canopy                                  40,000 (20,000 * 2)          10,000 (10,000 * 1)

Tent                                       20,000 (20,000 * 1)          60,000 (10,000 * 6)

Total direct labor hours        60,000                              70,000

Overhead allocation rates     $5.833                               $5.714

                         ($350,000/60,000)                              ($400,000/70,000)

Overhead per unit              $17.50 ($5.833 * 3)            $40 ($5.714 * 7)

               

5 0
2 years ago
Formerly owned by ebay, a popular free online payment service that allows you to send money, and accept payments without reveali
julia-pushkina [17]

A popular free online payment service that allows you to send money, and accepts payments without revealing your personal financial information is Pay- pal.

<h3>What is financial information?</h3>

Personal information is refer to information related to banks that shows the financial position of an individual. This information includes the number or pin of debit cards or credit cards, statements of banks, and the transaction made.

Owned subsidiary of eBay pay-pal is referred to as an online service payment that is owned by eBay providing users with security by allowing them for making payments without revealing their personal financial information.

Learn more about online payment services, here:

brainly.com/question/1638022

#SPJ4

4 0
1 year ago
What would be the purchase price for a $5,000, 91-day T-bill paying 3% interest?
Nat2105 [25]
Well, you just need to find it using this formula :

5,000 x [100 % -  (3% x 91/365)]

= 5,000 x [ 100 % - 0.007479]

= 5,000 x 99.992521

= $ 4,962.50 >>> rounded

Hope this help
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