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ivann1987 [24]
4 years ago
11

Brace Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct

labor-hours were 21,600 hours. At the end of the year, actual direct labor-hours for the year were 20,400 hours, the actual manufacturing overhead for the year was $506,920, and manufacturing overhead for the year was underapplied by $23,440. The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been:_________
A. $501,920
B. $531,445
C. $483,480
D. $511,920
Business
1 answer:
Levart [38]4 years ago
5 0

Answer:

D. $511,920

Explanation:

For determining the estimated manufaturing overhead first determined the predetermined overhead which is shown below:

= (Actual manufacturing overhead - underapplied overhead) ÷ (actual direct labor hours)

= ($506,920 - $23,440) ÷ (20,400 hours)

= $23.7

Now the estimated manufacturing overhead is

= $23.7 × 21,600 hours

= $511,920

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EOQ = \sqrt{\frac{2*Annual Demand * Ordering Cost}{Annual Holding Cost} }

EOQ = \sqrt\frac{2*7,500*5,000}{10*0.3}

EOQ = 5,000 units

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Under a perpetual inventory​ system, the journal entry to record the purchase of inventory on account will include​ a:
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Chuck, a single taxpayer, earns $79,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (U
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Answer:

Base        98900 79000

tax excess 85525 40125

Excess         13375 38875

%                    24%    22%

tax  1         3210 8552.5

 

tax 2 additional 14605.5 plus  24% of the excess 85.525

                                               4617.5 plus  22% of the excess 40.125

total tax (tax1+tax2) 17815.5__13170

 

Change in tax  

(17.815 - 13.170) / (98,900 - 79,000) =  

4.645,5 / 19.900 = 23.34%

Explanation:

Base        98900 79000

tax excess 85525 40125

Excess         13375 38875

%                    24% 22%

tax  1         3210 8552.5

 

tax 2 additional 14605.5 4617.5

total tax                17815.5 13170

 

Change in tax  

(17.815 - 13.170) / (98,900 - 79,000) =  

4.645,5 / 19.900 = 23.34%  

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