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Ludmilka [50]
3 years ago
14

The budgeted factory overhead cost is $460,000, the budgeted direct labor hours 80,000, and the actual direct labor hours is 6,7

00 for the month. What is the Single Plantwide Factory Overhead Rate, if the allocation is based on direct labor hours?
Select one:

a. $65.00 per direct labor hour

b. $68.65 per direct labor hour

c. $5.35 per direct labor hour

d. $5.75 per direct labor hour
Business
2 answers:
balandron [24]3 years ago
6 0
B..........................!.!.!.!.!!.!.!.!.
yarga [219]3 years ago
5 0

Answer:

b. $68.65 per direct labor hour

Explanation:

Allocating based on direct labor hours, divide the total budgeted overhead cost with the actual labor cost.

$460,000/6700 hours

$68.65/hour

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The book value of a firm's equity is $100 million and its market value of equity is $200 million. The face value of its debt is
UNO [17]

Answer:

$260 million

Explanation:

In this question, we are asked to calculate the market value of assets of the firm.

To do this, we use a mathematical formula. The mathematical formula to use is that of the Market value of assets of the firm.

Mathematically, the market value of assets of the firm = Market value of equity + Market value of debt

From the question, market value of equity = $200 million

The market value of debt = $60 million

Market value of assets of the firm = $200 million + $60 million = $260 million

6 0
3 years ago
Return on investment, residual income, and economic value added ______. always lead managers to make decisions that are in the b
FromTheMoon [43]

Answer:

are all lagging measures of performance

Explanation:

Return on investment, residual income, and economic value added are all lagging measures of performance.

When it comes to divisional performance measures, Return on investment (ROI), residual income (RI), and economic value added (EVA) are all lagging measures of performance they link objectives with performance and present a common basis on which all divisional or branch managers in a decentralized organization, are measured.

A lagging indicator of performance is any measurable or observable variable (performance), that changes after a change has occurred in a target variable (returns).

Hence these methods are lagging methods because a manager can only be said to have performed when such manager has generated returns, revenue or economic value.

4 0
3 years ago
Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 2016. The accounting cycle for Kelly Consulting for Ap
Mnenie [13.5K]

Answer:

                         Kelly Pitney                                                                                                            

Explanation:                           Amount in $

 May 3.  Cash                   Dr.4,500

              Unearned Revenue  Cr.4,500

May 5.  Cash     Dr.2,450  

            Advance fee   Cr.2,450

May 9.

         Advertisement Expense   Dr. 225

         Cash                                   Cr.225

May 13.   Stationary                Dr. 640

              Cash                            Cr.640

May 15.  Account Receivable  Dr. 9,180

             Service Revenue       Cr. 9,180

May 16. Salaries Expense  Dr.750

             Cash                    Cr.750

May 17. Cash            Dr.8,360

             Service Revenue Cr.8,360

May 20.  Supplies   Dr.735

               Supplies Payable Cr.735

May 21. Account Receivable Dr.4,820

             Service Revenue      Cr.4,820

May 25.  Cash    Dr.7,900

               Service Revenue Cr.7,900

May 27.  Cash          Dr.9,520

              Account Receivable Cr.9,520

May 28.   Salaries Expense   Dr.750

                Cash                       Cr.750  

May 30-31.  Utility bill-Telephone   Dr.260

                   Utility bill- Electricity    Dr.810

                    Cash                             Cr.1,070

May 31. Cash    Dr.3,300

            Service Revenue Cr.3,300

May 31.  Account Receivable Dr.2,650

              Service Revenue     Cr.2,650

May 31.  Drawings Dr.10,500

               Cash        Cr.10,500

b. Trail Balance

   Kelly Pitney    

   For the moth of May                  

                                                                 Amount in $  

                                                      Dr.                                Cr.

Cash                                            22,095

Unearned Revenue                                                           6,950

Advertisement Expense           225

Stationary Expense                   640

Account Receivable                  7,130

Service Revenue                                                                36,210

Salaries Expense                      1,500

Supplies Payable                                                                     735

Supplies Expense                      735

Electricity Expense                     810

Telephone Expense                   260

Drawings                                   10,500

Total                                          43,895                               43,895          

                                             

             

               

           

3 0
3 years ago
As of January 1, Year 2, Room Designs Inc. had a balance of $9,900 in Cash, $3,500 in Common Stock, and $6,400 in Retained Earni
dexar [7]

Answer:

What did the company purchase that resulted in the cash outflow from investing activities?

It purchases Land for 16,500

Explanation:

The investing activities outflow will be for the purchase of long tem assets in cash.

The complete cash outflow for investing activities is explain it through the land account:

cash outflow: 16,500

land:               16,500

There are no other long-term assets which can explain the variance plus, the land account covers the amount entirely.

6 0
3 years ago
American General Company experienced the following accounting events during 2014:
12345 [234]

Answer:

1.  Operating Activities (OA)

2. Financing Activities (FA)

3. Financing Activities (FA)

4. Investing Activities (IA)

5. Operating Activities (OA)

6.  Operating Activities (OA)

7. Investing Activities (IA)

8. Financing Activities (FA)

9. Not applicable (NA)

10. Financing Activities (FA)

Explanation:

Statement of cash flows is one of the three major financial statements. The statement analyses the cash generated and cash expended by an entity in a given period. The statement collates the analysis under three categories

1. Operating Activities

2.Investing Activities

3.Financing Activities

Operating activities comprise of cash generated and expended by the entity on its normal business operation during the period. Examples of this are cash received from customers, cash paid to suppliers, rent paid to landlord, cash expenses paid etc.

Investing activities consist of cash activities involving acquisition and disposal of assets and investment. Examples of such are cash receipt from sales of equipment, cash spent on purchase of investment securities.

Financing activities are cash activities involving the entity and provider of capital, equity owner and debt holder. Example of such activities are cash generated from issuance of bond, cash dividend paid to equity owner.

4 0
4 years ago
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