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laiz [17]
3 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]3 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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Where in the CAFR would one find the long-term liability for revenue bonds (paid from the revenues of an enterprise fund)?
Fed [463]

Answer:

C. The government-wide Statement of Net Position and the proprietary funds Statement of Net Position

Explanation:

CAFR ( Comprehensive Annual Financial reporting ) is provides accurate, summarised, and meaningful information. There are three sections of this reporting as below.

  1. Introduction
  2. Financial
  3. Statistical

In government-wide statement, The capital is reported on the net basis on financial statements.

6 0
3 years ago
As the marginal propensity to consume (MPC) increases, the spending multiplier: Increases, decreases, stays the sameIf the margi
Sati [7]

Answer:

(a) As the marginal propensity to consume (MPC) increases, the spending multiplier Increases.

(b) Multiplier is 3.30.

(c) Total impact on spending is $3,300.

Explanation:

(a) As the marginal propensity to consume (MPC) increases, the spending multiplier: Increases, decreases, stays the same.

In economics, the higher the MPC, the higher the spending multiplier.

Therefore, as the marginal propensity to consume (MPC) increases, the spending multiplier Increases.

(b) If the marginal propensity to consume is 0.70, then, assuming there are no taxes or imports, the multiplier is: (Note: round to the nearest tenth).

This can be calculated as follows:

Multiplier = 1 / (1 - MPC) = 1 / (1 - 0.70) = 1 / 0.30 = 3.33333333333333

Rounding to the nearest tenth, we have:

Multiplier = 3.30

(c) Given the multiplier that you calculated, what is the total impact on spending when there is a $1,000 increase in government spending?

Total impact on spending = Increase in government spending * Multiplier = $1,000 * 3.30 = $3,300

3 0
2 years ago
Edgar accumulated $5,000 in loan debt. If the interest rate is 20% per year and he does not make any payments for 2 years, how m
hodyreva [135]

Answer:

Edgar

The amount he will owe on this debt in 2 years for quarterly compounding is:

= $7,387.28

Explanation:

Accumulated loan debt = $5,000

Interest rate per year = 20%

Period of loan = 2 years

Interest compounding = quarterly

From an online financial calculator:

N (# of periods)  8

I/Y (Interest per year)  20

PV (Present Value)  5000

PMT (Periodic Payment)  0

Results

FV = $7,387.28

Total Interest $2,387.28

3 0
3 years ago
How many powered fork lift accidents occur each year
Scrat [10]
34,900 injuries a year and around 80deaths per year
8 0
3 years ago
An active worker receives $500 every two weeks. This kind of monetary reward for work is called ______.
Vladimir79 [104]
I believe the correct answer is Payment, because if the worker receives $500 EVERY TWO WEEKS it most likely means that is his payment or what he is employed for
5 0
2 years ago
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