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3 years ago

Mouret Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products.

Business

1 answer:

elena-s [515]3 years ago

8 0

Answer:

$5,593.44

Explanation:

The computation of the total overhead cost assigned to Product N79A using the activity based costing is shown below:

Total overhead cost assigned is

= Setting up batches cost + processing customer orders cost + assembly products cost

As we know that

Overhead Cost assigned = Activity Rate × Number of activity

So,

Setting up batches cost = $92.68 × 28 batches = $2,595.04

Processing customer orders cost = $95.08 × 6 customer orders = $570.48

And,

Assembling products cost = $3.41 × 712 assembly hours = $2,427.92

So,

Total overhead cost assigned to Product N79A is

= $2,595.04 + $570.48 + $2,427.92

= $5,593.44

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Problem 24-01 Liquidation Southwestern Wear Inc. has the following balance sheet: Current assets $1,875,000 Accounts payable $37

Softa [21]

Answer:

1. Proceeds from sale of assets $ 4,000,000

2. First mortgage, paid from sale of assets 0.00

3. Fees and expenses of administration of bankruptcy 276,250

4. Wages due workers earned within 3 months prior to filing of bankruptcy petition 0.00

5. Taxes 0.0

6. Unfunded pension liabilities 0.00

7. Available to general creditors $3,723,750

Distribution to general creditors

Claim (1) =$1,875,000

Application of 100% Distribution(2)=$1,875,000

After Subordination Adjustment

(3)=$1,875,000

Percentage of Original Claims Received

(4)=$1,875,000

Explanation:

Calculation for how much will each class of investors receive if a total of $4 million is received from sale of the assets

1. Proceeds from sale of assets $ 4,000,000

2. First mortgage, paid from sale of assets 0.00

3. Fees and expenses of administration of bankruptcy 276,250

4. Wages due workers earned within 3 months prior to filing of bankruptcy petition 0.00

5. Taxes 0.00

6. Unfunded pension liabilities 0.00

7. Available to general creditors $3,723,750

Distribution to general creditors:

Claims of General Creditors

Notes payable

Claim (1) 750,000

Application of 100% Distribution

(2) 750,000

After Subordination Adjustment

(3) 750,000

Percentage of Original Claims Received

(4) 100%

Accounts payable

Claim (1) 375,000

Application of 100% Distribution

(2) 375,000

After Subordination Adjustment

(3) 375,000

Percentage of Original Claims Received

(4) 100%

Subordinated debentures

Claim (1) 750,000

Application of 100% Distribution

(2) 750,000

After Subordination Adjustment

(3) 750,000

Percentage of Original Claims Received

(4) 100%

TOTAL

Claim (1) $750,000+ 375,000+750,000=$1,875,000

Application of 100% Distribution

(2)$750,000+ 375,000+750,000=$1,875,000

After Subordination Adjustment

(3)$750,000+ 375,000+750,000=$1,875,000

Percentage of Original Claims Received

(4)$750,000+ 375,000+750,000=$1,875,000

3 0

3 years ago

Assume the following facts are true for 2016: 318 million people lived in the United States. A total of 2,468,435 of these peopl

Gre4nikov [31]

Answer:

The number of people that were at risk for diabetes in 2016 is 289 million people

Explanation:

The number of persons at risk of a health outcome in a population is the difference between the total population and the number of persons that already have the health outcome in the population.

The number at risk of an outcome is calculated at the beginning of the year, before changes occur throughout the progression of the year, to accurately state the number at risk for that research year.

In our example, we will be concerned only about the data gotten at the beginning of the year, and these include;

The total population = 318,000,000 people

Number of persons with diabetes at the beginning of 2016 = 29,000,000 people.

Therefore, number of persons at risk for diabetes in 2016 = The total population - Number of persons with diabetes at the beginning of 2016

= 318,000,000 - 29,000,000 = 289,000,000 (289 million) people).

Note do not confuse this with the risk ratio for diabetes in 2016, which is the ratio of the number with diabetes and the total population.

5 0

3 years ago

Ron is the it director at a medium-sized company and is constantly bombarded by requests from users who want to select customize

fgiga [73]

The answer is "Bring Your Own Device (BYOD)".

BYOD (bring your own device) is the expanding pattern toward representative claimed gadgets inside a business. Cell phones are the most well-known case yet representatives likewise take their own particular tablets, PCs and USB crashes into the working environment.

BYOD is a piece of the bigger pattern of IT consumerization, in which customer programming and equipment are being brought into the venture. BYOT (bring your own technology) alludes to the utilization of customer gadgets and applications in the working environment.

8 0

4 years ago

Identify the situation below that will result in a favorable variance.

DENIUS [597]

Answer:

d. Actual revenue is higher than budgeted revenue.

Explanation:

When the Actual income/revenue/benefit is higher than the budgeted/estimated income/revenue/benefit, the variance will be favorable.

When the Actual income/revenue/benefit is lower than the budgeted/estimated income/revenue/benefit, the variance will be unfavorable.

When the Actual expense/cost/loss is higher than the budgeted/estimated expense/cost/loss, the variance will be unfavorable.

When the Actual expense/cost/loss is lower than the budgeted/estimated expense/cost/loss, the variance will be favorable.

As the actual cost incurred is higher than the cost estimated, then the variance in both costs is unfavorable.

As the actual Income earned is lower than the income estimated, then the variance in both incomes is unfavorable.

As the actual expense incurred is higher than the expense estimated, then the variance in both expenses is unfavorable.

As the actual revenue incurred is higher than the revenue estimated, then the variance in both revenues is favorable.

As the actual revenue earned is lower than the revenue estimated, then the variance in both revenues is unfavorable.

5 0

3 years ago

Two mutually exclusive investment opportunities require an initial investment of $10 million. Investment A pays $1.5 million per

astraxan [27]

Answer: 15%

Solving this would require finding the rate/cost of capital that gives both investments the same present value.

Investment 1

Investment 1 is a perpetuity which means that it's present value can be calculated as,

= Amount/rate

= 1,500,000/r

Investment 2

Investment 2 pays $1,200,000 in the first year and then grows at a rate of 3% every year afterwards.

The Present Value of such can be calculated with the following equation,

= Amount / ( rate/cost of capital - growth rate)

= 1,200,000 / ( r - 3%)

To find the Rate that gives both figures the same Present Value, simply equate them.

1,500,000/r = 1,200,000 / (r - 3%)

1,500,000(r - 3% ) = 1,200,000r

1,500,000r - 45,000 = 1,200,000r

300,000r = 45,000

r = 45,000/300,000

r= 0.15

r = 15%

At 15% an investor regard both opportunities as being equivalent.

3 0

3 years ago