Answer:
Allocated MOH= 10*28,000
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 2,500,000 / 250,000
Predetermined manufacturing overhead rate= $10 per direct labor hour
<u>Now, we can allocate overhead:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 10*28,000
Allocated MOH= $280,000
Answer:
6%
Explanation:
Data provided as per question is as given below:-
Redeemed amount = $1,000
Sale value of Bond = $687.25
Number of year = 5
The computation of interest rate is as shown below:-
Interest rate = (Redeemed amount ÷ Sale value of bond) ^ (1 ÷ Number of Year) - 1
= (1,000 ÷ 747.25) ^ (1 ÷ 5) - 1
= (1.338) ^ (0.2) - 1
= 0.06
= 6%
Answer:
b. 65,000 units
Explanation:
The computation of the budgeted production in April month is shown below:
= Sale units + ending inventory units - beginning inventory units
where,
Sale units is 60,000 units
Ending inventory units = 75,000 units × 40% = 30,000 units
Beginning inventory units = 25,000 units
Now put these units to the above formula
So, the units would equal to
= 60,000 units + 30,000 units - 25,000 units
= 65,000 units
Per capita GDP<span> is a measure of the total income of a country GDP (gross domestic product) divided by the number of people in the country.</span>
Longhornland is an imaginary country but given the following data:
GDP (2429 millions US Dollars)
Population (129 millions people)
<span>GDP per capita = 18.8 millions US Dollars</span>
Answer:
Salaries Payable :
Salaries Expense $24,000 (debit)
Salaries Payable $24,000 (credit)
Interest Payable:
Interest Expense $675 (debit)
Interest Payable $675 (credit)
Interest Payable:
Interest Expense $1,300 (debit)
Interest Payable $1,300 (credit)
Explanation:
When an amount is incurred but is deferred to another period for payment, a liability is recognized.
A liability is a present legal obligation arising from a past event, the settlement of which will result in outflow of economic benefits (Cash) from the entity.
