1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Stella [2.4K]
2 years ago
7

Miller Company expected to incur $ 15,000 in manufacturing overhead costs and use 6,000 machine hours for the year. Actual manuf

acturing overhead was $ 9,800 and the company used 6,300 machine hours.
a. Calculate the predetermined overhead allocation rate using machine hours as the allocation base.
Business
1 answer:
Vsevolod [243]2 years ago
8 0

Answer:

The predetermined overhead allocation rate is $2.5 per machine hour

Explanation:

Predetermined overhead allocation rate is calculated by dividing the Expected overhead by the Expected level of activity on which the overhead is allocated. It is a rate at which the overhead is allocated to a product / project/ department.

Predetermined overhead allocation rate = Expected overhead / Expected activity

Predetermined overhead allocation rate = Expected overhead / Expected machine hours

Predetermined overhead allocation rate = $15,000 / 6,000 machine hours

Predetermined overhead allocation rate = $2.5 per machine hour.

You might be interested in
The term "spreading the financial statements" refers to __________
wolverine [178]

Answer:

The correct answer is letter "B": creating common-size financial statements.

Explanation:

In financial accounting, the phrase <em>"spreading the financial statements"</em> equals recording the common-size financial statement. By this, information is displayed in the Balance Sheet as a percentage of a common base figure. The common-size statement typically uses total sales revenue as the common base.

5 0
3 years ago
Two siblings each pay 30% of their parents support so they can decide who will claim the parents with a multiple support agreemo
MrRa [10]
B: false
Hope this helps you
4 0
2 years ago
Which of the following is NOT a characteristics of good application?
slavikrds [6]

Answer:

C. completed quickly

Explanation:

8 0
3 years ago
Read 2 more answers
Assume that Robin's checking account at Folsom Bank has a balance of $2,000. If Robin withdraws $200 of cash from the bank's ATM
astra-53 [7]

Answer:

c

Explanation:

because he got out 200 from his bank

4 0
2 years ago
Baxter desires to purchase an annuity on January 1, 2014, that yields him five annual cash flows of $10,000 each, with the first
EleoNora [17]

Answer:

$313,288.16

Explanation:

Present value is the sum of discounted cash flows

present value can be calculated using a financial calculator

Cash flow in year 1 and 2 = 0

Cash flow in year 3 to 7 = $10,000

I = 10%

Present value = $313,288.16

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

8 0
3 years ago
Other questions:
  • the rapidly evolving world of HR will increasingly require HR professionals to ________. focus exclusively on learning new trend
    6·1 answer
  • Marcos launched a small business by inventing, patenting and commercializing a new hand tool. Big Co. has produced a cheaper kno
    8·1 answer
  • Chris bought 10 shares of Apex Company for $25 each, and later sold all of them at $45 each. This transaction resulted in what t
    14·2 answers
  • Financial statements are the major means of communicating accounting information to interested parties. Group of answer choices
    13·1 answer
  • Edgar is preparing to deliver an informative speech on studying abroad in Spain. After researching the topic, he settled on four
    9·2 answers
  • What is Flex tape?????
    10·2 answers
  • Holding all other things constant, an increase in the company's required return on investment (ROI) will affect:
    10·1 answer
  • Individual Retirement Accounts (IRAs) allow people to shelter some of their income from taxation. Suppose the maximum annual con
    8·1 answer
  • A guidance counselor at a high school is working on a project to get more girls interested in the Science, Technology,
    13·2 answers
  • As a result of a decrease in the demand for U.S. dollars, there has been depreciation in the value of the U.S. dollar relative t
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!