False!
Prehistoric sites are sites that existed and were inhabited before written language was invented. Anything farther back than the Minoans is considered prehistoric :)
Answer:
Instructions are listed below
Explanation:
Giving the following information:
The predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will incur $754,000 of overhead costs and $580,000 of direct labor cost.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 754000/580000= $1.3 per direct labor dolar
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Answer:
None of the choice is correct; The correct answer is $459,000
Explanation:
The company is just breaking even at current volume of 51,000 books sold per year, then its revenue = total cost
↔ unit sold * selling price = fixed cost + unit sold * variable cost
↔ 51,000 * $22 = fixed cost + 51,000 * $13
↔ Fixed cost = $1,122,000 - $663,000
↔ Fixed cost = $459,000
Answer: The answer is provided below
Explanation:
1. The following are the business activities that takes place from the moment a customer arrives to the moment the customer leaves my favorite fast-food restaurant.
The first thing is welcoming the customer to the restaurant, after the customer sits down, a waiter for to the customer and gives the menu to the customer for him or her to choose the kind of meal he or she wants. After the customer has chosen the meal, the order is received and then filled. The food is then brought to the customer with an accompanying bill for the customer to make payment. Lastly, when the customer has finished eating, the waiter and security at the gate thanks him or her on their way out.
2. The costs are:
i. The salary of the staffs at the restaurant. This include the waiter, cook, security, manager, cleaners etc.
ii. Utility bills such as electricity and water.
iii. Rent of the building.
iv. Cost of the ingredients for the meals.
3. Fixed cost is a cost which doesn't vary with the production output while variable costs are the costs that varies with output. For the (ii) above, the fixed costs are: salary of staffs, rent, utility bills because these costs doesn't usually change while the variable cost is the cost of the ingredients for the meals.
Answer:
-1,185,282.35
Explanation:
The average daily collections are the average number of payments times the average value of a payment, so:
Average daily collections = =355 * 945
Average daily collections = $335,475
The present value of the lockbox service is the average daily receipts times the number of days the collection is reduced, so:
PV = (4 day reduction)( $335,475)
PV = $1,341,900
The daily cost is a perpetuity. The present value of the cost is the daily cost divided by the daily interest rate. So:
PV of cost = (.3*355)/.00068
PV of cost = $106.5/.00068= $156,617.65
The firm should take the lockbox service. The NPV of the lockbox is the cost plus the present value of the reduction in collection time, so:
NPV = $156,617.65 - 1,341,900
NPV = -1,185,282.35
