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Anarel [89]
3 years ago
5

K Company estimates that overhead costs for the next year will be $3,600,000 for indirect labor and $950,000 for factory utiliti

es. The company uses direct labor hours as its overhead allocation base. If 104,000 direct labor hours are planned for this next year, what is the company's plantwide overhead rate?
Business
1 answer:
Savatey [412]3 years ago
6 0

Answer:

$43.75 per direct labor Hour

Explanation:

Overhead rate is the rate of allocation of overheads based on an activity. In this question direct labor is used as an activity. Total overhead of a plant also includes the utilities of the plant.

Total Overhead of plant = $3,600,000 + $950,000 = $4,550,000

Direct labor hours = 104,000 hours

We can calculate the overhead rate after dividing total overhead with total direct labor hours.

Plant-wide overhead rate = $4.550,000 / 104,000 = $43.75 per direct labor Hour

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At December 31, 2017, Windsor Corporation had a projected benefit obligation of $819,000, plan assets of $437,000, and prior ser
bogdanovich [222]

Answer:

$382,000

Explanation:

Calculation to Determine the pension asset/liability at December 31, 2017

Using this formula

Pension asset/liability =Projected benefit obligation - Plan assets

Let plug in the formula

Pension asset/liability=$819,000 - $437,000

Pension asset/liability=$382,000

Therefore the Pension asset/liability at December 31, 2017 will be $382,000

3 0
3 years ago
Parker needs money to expand the warehouse. By expanding the warehouse the company will be able to carry a lot more inventory, w
jasenka [17]

Answer:

bank credit

Explanation:

A bank credit is money that is collected from a bank or financial institution that is determined by the ability of the person to repay the loan and the total money the bank has available to pay.

The bank calculates the ability of the person to pay back a certain percentage of the loan over a particular period before disbursement.

In the given scenario Parker's expansion will cost approximately $150,000 in construction costs. Purchasing the additional inventory will cost $50,000. Over the next two years Parker believes this will increase sales 20% and profitability 25%.

The bank will verify the efficacy of these projections and give the loan to Parker

8 0
3 years ago
The most common method of evaluating the economic health of a country is to use metrics that measure the country's ______. Multi
guapka [62]

Economic output is the most common metrics method of evaluating the economic health of a country.

<h3>What is economic output?</h3>

Economic output as the name implies, measures the value of all sales of goods and services produced in a country.  It indicates that the amount of output or income per person in an economy.

Economic output shows how much goods and services produced in a country are sold within a period of time.

Hence, economic output is the most common metrics method of evaluating the economic health of a country.

Learn more about economic output here: brainly.com/question/18633771

6 0
3 years ago
A decrease in the money supply might indicate that the Fed had
andrew-mc [135]

Answer:

d. sold bonds to decrease banks reserves.

Explanation:

The Fed uses contractionary Open market operations to contain runaway inflation. The Fed sells bonds and securities to the banks to reduce the amount of money available for credit in the economy.  The bank will use funds that should be loaned out to purchase government bonds, thereby denying individuals and firms a chance to borrow from the banks.

If the Fed wants to reduce the money supply in the economy, it issues out bonds and security at attractive interest rates. The banks will opt to invest with the government, which is risk-free rather than loan out to households and firms. By selling bonds and securities, the Fed mops out all the excess money in the economy.

7 0
3 years ago
Which advertising career interest you the most?
Montano1993 [528]

Answer:

The advertising career that interest me the most is marketing

Explanation:

5 0
3 years ago
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