Lists job that is dangerous or hard humans to do

Galaxy United, Inc. 2009

ANEK [815]

Answer:

13.69%

Explanation:

Return on Equity = Net Income / Shareholder's Equity

All Computations are in millions

Shareholder's Equity = Common Stock + Retained Earnings

Shareholder's Equity = $2960 +$735

Shareholder's Equity = $3,695

Net Income = $506

Return on Equity = $506 / $3,695

Return on Equity = 13.69 %

7 0

3 years ago

Manufacturing uses normal costing for its job-costing system, which has two direct-cost categories (direct materials and dire

Anvisha [2.4K]

Answer:

Results are below.

Explanation:

Giving the following information:

Total manufacturing costs, $8,450,000

Manufacturing overhead allocated, $3,750,000 (allocated at a rate of 250% of direct manufacturing labor costs)

Work-in-process inventory on January 1, 2017, $390,000

Cost of finished goods manufactured, $8,020,000

First, we need to calculate the direct material and direct labor:

Direct labor= Manufacturing overhead allocated/2.5

Direct labor= 3,375,000 / 2.5

Direct labor= $1,350,000

Total manufacturing costs= Direct material + direct labor + allocated overhead

8,450,000= Direct material + 1,350,000 + 3,375,000

Direct material= $3,725,000

Finally, the ending work-in-process:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

8,020,000= 390,000 + 8,450,000 - Ending WIP

Ending WIP= $820,000

3 0

3 years ago

Deadweight loss is the a. decline in government revenue when taxes are reduced in a market. b. decline in consumer surplus when

Marat540 [252]

Answer:

D, decline in total surplus that results from a tax.

Explanation:

Dead-weight loss is also known as excess burden. It is a situation where in there is a loss of economic sufficiency as a result of tax.

This economic sufficiency is when the supply of goods and services aren't met. That is, there is no market equilibrium between demand and supply. Taxes, subsidies, price rise or fall can be the reason for dead-weight loss as it causes the imbalance of demand and supply of goods or services to the consumers through price manipulations.

To calculate dead-weight loss, change in price as well as change in quantity demanded are important factors to consider.

Cheers.

3 0

4 years ago

Read 2 more answers

A formula is a math equation used in a spreadsheet....... true or false

lisabon 2012 [21]

True, you can use a formula in Excel spreadsheet!

6 0

4 years ago

Read 2 more answers

Moor Company: If overhead is applied to production basis of direct labor cost, what predetermined overhead rate was in effect du

snow_tiger [21]

Answer:

The predetermined overhead rate for machine hours is calculated by dividing the estimated manufacturing overhead cost total by the estimated number of machine hours

Explanation:

if the annual budget is based on a production quantity of 10,000 units and the direct labor required for each unit is three hours, the total direct labor is 10,000 x 3 or 30,000 hours. The total overhead expenditure is then divided by the total labor hours to arrive at the overhead rate.

5 0

4 years ago