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Jlenok [28]
3 years ago
12

Lowden Company has a predetermined overhead rate of 163% and allocates overhead based on direct material cost. During the curren

t period, direct labor cost is $64,000 and direct materials cost is $76,000. How much overhead cost should Lowden Company should apply in the current period?
Business
1 answer:
Monica [59]3 years ago
8 0

Answer:

$123,880

Explanation:

Data provided in the question:

Predetermined overhead rate = 163%

Direct labor cost = $64,000

Direct materials cost = $76,000

Now,

Basis of allocation of overhead = Direct material cost

or

Basis of allocation of overhead = $76,000

also,

Overhead in the current period

= Basis of allocation of overhead × Predetermined overhead rate

= $76,000 × 163%

= $76,000 × 1.63

= $123,880

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A company desires to sell a sufficient quantity of products to earn a profit of $280000. If the unit sales price is $16, unit va
Alex Ar [27]

Answer:

$270,000

Explanation:

Data provided

Quantity of products = $280,000

Total fixed costs = $800,000

Unit sales price = $16

Variable cost = $12

The computation of units must be sold is shown below:-

Contribution per unit = $16 - $12

= $4 per unit

Units must be sold = (Quantity of products + Total fixed costs) ÷ Contribution per unit

= ($280,000 + $800,000) ÷ $4

= $1,080,000 ÷ $4

= $270,000

7 0
3 years ago
What did president hoover do to devise strategies for improving the economy?
olga nikolaevna [1]

The above answer is definitely correct in its details.  I'd just like to emphasize a couple of important ideas about Hoover's response.

<span>He tried to do more to fix the economy than any president had ever done before.  The government had been very hands-off up to that point.He believed the government should not go in debt no matter what.  This limited what he was willing to do.  Please note that economists back then agreed with this idea so it's not like Hoover was just being mean.  In fact, FDR believed the same thing and it's often said that he undermined the New Deal by trying to balance the budget too soon.</span>

So, overall what I want to point out is that Hoover did more than anyone else, and he did what most economists of the time would have said was the right thing to do.  But it didn't work and so he's seen as one of the worst presidents ever, which seems a bit unfair.

7 0
3 years ago
Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $800 account of a customer,
saul85 [17]

Answer:

Explanation:

The journal entries are shown below:

On January 31

Allowance for doubtful accounts A/c Dr $800

         To Account receivable A/c $800

(Being the written off amount is recorded)

On January 31

Account receivable A/c Dr $300

           To Allowance for doubtful accounts A/c $300

(Being the reverse entry is made)

On March 9

Cash A/c Dr $300

      To Accounts receivable A/c $300

(Being the amount is collected)

7 0
4 years ago
Which occupation in the Education and Training cluster will have higher than average job growth?
jeka57 [31]
The principal duhhh dumb add jhit
4 0
3 years ago
Write a short essay listing three jobs you believe would be right and good for you.
soldier1979 [14.2K]

Answer:

I  believe following three jobs would be best for you

1: University Lecturer

2: Market Researcher

3: Marketing Consultant

Explanation:

1: University Lecturer

I am very good student and have strong grip over different academic concepts, I always have stood first in my class. I always got Distinction in my college. Moreover, I am very good at giving presentation, theretofore, I definitely believe that I can perform very well in teaching at the university level.

2: Market Researcher

I am very good at conducting research. I have conducted couple of market researches like measuring brand loyalty of Pepsi, Coke and Aquafina etc. Therefore, this job would be right and good for me.

3: Marketing Consultant

I can work as an independent Marketing Consultant and provide different Marketing expertise  to clients, including SEO (search engine optimization - related to google), content Marketing and mobile marketing. I am very much proficient in this field as well, so this also can be right and good job for me.

3 0
3 years ago
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