A. Define the term cliché of this sentence

Newhard Company assigns overhead cost to jobs on the basis of 114% of direct labor cost. The job cost sheet for Job 313 includes

UkoKoshka [18]

Answer:

Results are below.

Explanation:

Giving the following information:

Estimated overhead rate= 114% of direct labor cost.

Job 313:

Direct materials= $26,530

Direct labor= 10,500

Number of units= 1,400

First, we need to allocate overhead to Job 313:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 10,500*1.14= $11,970

Now, the total cost:

Total cost= 26,530 + 10,500 + 11,970

Total cost= $49,000

Finally, the unitary cost:

Unitary cost= 49,000 / 1,400

Unitary cost= $35

8 0

2 years ago

Future Motors is expected to pay a $3.30 a share annual dividend next year. Dividends are expected to increase by 2.75 percent a

sveta [45]

Answer:

$26.94

Explanation:

We know,

Current stock price = P0 = $\frac{D1}{ks - g}$

Given,

expected dividend = $3.30

Growth rate, g = 2.75% = 0.0275

Required rate of return, ks = 0.15

Putting the values into the formula, we can get

Current stock price, P0 = $\frac{3.30}{0.15 - 0.0275}$

Or, Current stock price, P0 = $\frac{3.30}{0.1225}$

Therefore, Current stock price, P0 = $26.94

3 0

3 years ago

The demand for capital by a firm is based on the demand for the product that the capital produces. this relationship is referred

Radda [10]

Land labor and capital

5 0

3 years ago

The University of Michigan football stadium, built in 1927, is the largest college stadium in America, with a seating capacity o

cricket20 [7]

Answer:

a. $840

b. $140

Explanation:

a. The calculation of the average price per season ticket is shown below:-

Average price per season ticket = Total price of season tickets ÷ Sitting capacity

= $93,660,000 ÷ 111,500

= $840

b. The calculation of average price per individual game ticket sold is shown below:-

Average price per individual game ticket sold = Average price per season ticket ÷ Six home games

= $840 ÷ 6

= $140

Therefore we simply applied the above formula for computing the average price per season ticket and average price per individual game ticket sold.

8 0

3 years ago

Jones Company possesses a 25 percent interest in the outstanding voting shares of Sandridge Company. Under what circumstances mi

coldgirl [10]

Answer:

Jones may decide that the equity method would not be appropriate to account for the investment when Jones Company does not have significant influences over the management/operation of Sandridge Company.

Although an investors holding from 25% of investee is very much likely to have significant influences on the investee, this may not be true all over the times. For Jones, to prove that it does not have significant influences over Sandridge, there may be some following evidences:

+ Jones and Sandridge sign an agreement that Jones surrenders significant rights as a shareholder;

+ There is/are investor(s)/group(s) of investors who has more voting right than Jones and whose visionary/mission for Sandridge is opposite to Jones's.

+ Sandridge tries to reject Jones' influences on its management by seeking lawsuit or by successfully prevent representatives from Jones on its Board of Directors.

Explanation:

8 0

3 years ago