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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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Answer:

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Explanation:

Below is the calculation for the current ratio:

a. Formula used, Current ratio = Current assets / Current liabilities

Current ratio of Kansas = 59000 / 40000 = 1.5

Current ratio of Montana = 78000 / 43000 = 1.8

b. The company that has a higher current ratio will have a greater likelihood to pay bills so Montana is the correct answer.

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3 years ago
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Answer:

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Explanation:

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8 0
2 years ago
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Under SEC rules, filing of the Form 144, required when selling restricted stock, is the responsibility of the:________. A. issue
IRINA_888 [86]

Answer: C. seller

Explanation:

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3 years ago
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7 0
3 years ago
You are offered a chance to buy (cash outflow) an asset for $200,000 that is expected to produce cash inflows of $100,000 at the
madreJ [45]

Answer:

15.65%

Explanation:

The computation of the internal rate of return is shown below:

Given that

Years        Cash outflow/ cash inflow

0                 -$200,000

1                   $100,000

2                 $77,000

3                  $52,000

4                 $40,000

The formula is

= IRR()

AFter applying the above formula, the internal rate of return is 15.65%

7 0
2 years ago
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