Answer:
1. Plant wide predetermined overhead rate is $19 per hour
2. Manufacturing cost assigned to job P90 is $4,323
Explanation:
1. In order to calculate the predetermined overhead rate based on machine hours expended, the fixed overhead cost would have to be divided by the machine hours and then add up variable overhead cost per machine hour
= [ Fixed manufacturing overhead / Machine hours required to support production ] + Variable manufacturing overhead cost per machine hour
= [$3,655,000/215,000] + $2
= $17 + $2
= $19 per hour
2. Manufacturing cost of job P90
Direct materials
$1,610
Direct labor cost
$1,155
Overhead 82 machine hours × $19
$1,558
Total cost
$4,323
If this is a TRUE/FALSE question, the answer is TRUE.
There are other factors to consider such as benefits, scope of the job, job fit, etc.
These things can be more important than having a large salary.
Answer:
D. outbound logistics
Explanation:
The rest are Secondary activity in Porter's value chain model.
Answer: $77.13
Explanation:
Based on the information given in the question, the current price of Lee's stock will be calculated thus:
First, the required rate of return will be:
= 8% + (1.5 × 6%) = 8% + 9% = 17%
Year 1:
Cash flow: 1.05
Present value: 0.90
Year 2:
Cash flow: 1.47
Present value: 1.07
Year 3:
Cash flow: 2.06
Present value: 1.28
Year 4:
Cash flow: 118.34
Present value: 73.88
The current price of Lee's stock will be:
= 0.90 + 1.07 + 1.28 + 73.88
= 77.13
The current price of Lee's stock is $77.13.
Answer:
Retained earnings balance =$54,700
Explanation:
Retained earnings is the proportion of profit made by a company which is not distributed as dividend but rather re-couped to be re-invested. A payment of dividend would reduce the balance of retained earnings while further profit retained increases it.
The balance of retained earnings at the end = opening balance + profit retained for the year - dividend paid for the year
= 33,400 + 36,500 - 15,200 = $54,700
Retained earnings balance =$54,700