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laiz [17]
4 years ago
9

Tungsten, Inc. manufactures both normal and premium tube lights. The company allocates manufacturing overhead using a single pla

ntwide rate with machine hours as the allocation base. Estimated overhead costs for the year are $ 104 comma 000. Additional estimated information is given below. Normal Premium Machine hours​ (MHr) 27 comma 000 41 comma 000 Direct materials $ 57 comma 000 $ 480 comma 000 Calculate the predetermined overhead allocation rate.​ (Round your answer to the nearest​ cent.)
Business
1 answer:
lara [203]4 years ago
4 0

Answer:

Estimated manufacturing overhead rate= $1.53 per machine hour

Explanation:

Giving the following information:

The company allocates manufacturing overhead using a single plantwide rate with machine hours as the allocation base.

The estimated overhead costs for the year are $ 104,000.

Machine hours​ (MHr)= 27,000 + 41,000= 68,000 machine hours

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 104,000/68,000= $1.53 per machine hour

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Kim was a part of a team with a big project deadline. to get the job done, he assumed a leadership role. this type of leadership
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4 years ago
When bonds are issued at a discount and the effective interest method is used for amortization, at each subsequent interest paym
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Question Completion:

A. More than the effective interest.

B. Less than the effective interest.

C. Equal to the effective interest.

D. More than if the bonds had been sold at a premium

Answer:

When bonds are issued at a discount and the effective interest method is used for amortization, at each subsequent interest payment date, the cash paid is:

B. Less than the effective interest.

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3 years ago
The records of Lohse Stores included the following data:
Orlov [11]

Answer:

$9,360

Explanation:

                                          Cost       Retail      Ratio

Inventory, May 1             $10,440 $14,500 .72

Purchases                           31,550 42,900

Freight-in                          2,000

Purchase discounts         (250)

Net markups                                    3,400

Net markdowns                                (1,300)

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beginning inventory         33,300     45,000 .74

Goods available                 $43,740    59,500

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