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Murljashka [212]
3 years ago
8

The predetermined overhead allocation rate is an estimated overhead cost per unit of the allocation base and is calculated at th

e beginning of the accounting period. True or False
Business
1 answer:
BaLLatris [955]3 years ago
7 0

Answer:

TRUE

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

The expected overhead cost for the period are allocated over a cost driver ussually; labor hours, machine hours or labor cost.

This is done when the company generated their budget for the upcomming period thus, at the beginning of the accounting period.

Then, at year-end or end-of-the-month the company will adjust the overhead against the actual overhead cost.

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The method of least squares was used to develop a cost equation to predict the cost of monthly equipment maintenance. The follow
lisabon 2012 [21]

Answer:

correct option is b. $200,000

Explanation:

given data

Intercept = 40,000

Slope = 20

machine hours X = 8000

to find out

what is the predicted cost of equipment maintenance for April

solution

we will use here least square equation that  will be

Y = intercept + Slope ×  X      ............................1

here Y is cost of maintenance  and X is maintenance hours

so put here value we get from equation 1

Y = 40000 +  ( 20 ×   8000 )

Y = 40000 + 160000

Y = 200000

so  predicted cost of equipment maintenance for April is 200000

correct option is b. $200,000

4 0
3 years ago
Pls be nice and answer this for me. in the middle of a test. 50 pts!
Roman55 [17]

Answer:

c

Explanation:

nate should have chosen to ask the supplier for verification for the requisition order

3 0
2 years ago
Read 2 more answers
Which of the following relationships between book value and cash received at sale results in a loss on the sale of a long-term d
creativ13 [48]

Answer:

a. Book value is greater than cash received.

Explanation:

Book value of an asset is the cost of an asset less accumulated depreciation

Cash received is the price the asset is sold for.

If the asset is sold for less than its book value, it is sold at a loss

If an asset is sold for more than its book value, it is sold at a gain

8 0
3 years ago
Money managers:
yawa3891 [41]
The answer is D) are on the "but side" of Wall Street.
Just read the text. I'm 100% sure. Text below.

7 0
3 years ago
Read 2 more answers
The Better Building Company has a contract to build a building for $100 million. The estimate of the cost of the project is $75
Leni [432]

Answer:

$10 million

Explanation:

Calculation for the reported profit for the first year of the contract

Using this formula

Reported profit=(BB Costs/Project cost estimate)×(Building contract-Project cost estimate)

Let plug in the formula

Reported profit = ($30 million / $75 million)×($100 million – $75 million)

Reported profit=0.4 million ×25 million

Reported profit= $10 million

Therefore the reported profit for the first year of the contract will be $10 million

5 0
3 years ago
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