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4 years ago

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows:

Business

1 answer:

SashulF [63]4 years ago

6 0

Answer:

Instructions are below.

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 180,660/2,600

Predetermined manufacturing overhead rate= $69.49 per machine hour

Now, we can allocate overhead to each product line:

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

Home= 69.49*1,200= $83,388

Work= 69.49*1,400= $97,286

b) We need to determine the unitary cost for each product:

Home:

Unitary cost= 38 + 23 + (83,388/620)= $195.50

Work:

Unitary cost= 72 + 40 + (97,286/490)= $310.54

c) Gross margin= selling price - unitary cost

Home:

Gross margin= 359 - 195.5= $163.4

Work:

Gross margin= 573 - 310.54= $262.46

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Managers are trying to decide on which variables to use in segmenting and selecting a target audience for marketing communicatio

JulsSmile [24]

Answer: Senior citizens (65 years and older) = psychographic.

Explanation:

Psychographic segmentation is simply segmentation that is based on the psychological characteristics of the consumer such as lifestyles, personality, social class etc while Demographics is the study based on factors like sex, age, and race.

Base on the above explanation, "Senior citizens (65 years and older) = psychographic" is the answer. It should be noted that this is demographic related and not psychological.

7 0

3 years ago

Provided other eligibility requirements are met, who is eligible for Medicare?

alexandr1967 [171]

Answer:

Generally, Medicare is available for people age 65 or older, younger people with disabilities and people with End Stage Renal Disease (permanent kidney failure requiring dialysis or transplant). You or your spouse had Medicare-covered government employment.

5 0

3 years ago

The following information relates to the assets of Westfield Semiconductors as of December 31, 2019. Westfield uses the straight

Salsk061 [2.6K]

Answer:

See the explanation below.

Explanation:

Given the following:

Asset Acquisition-Cost Expected-Life Residual-Value Time-Used

Land $104,300 Infinite $100,000 10 years

Building 430,000 25 years 30,000 10 years

Machine 285,000 5 years 10,000 2 years

Patent 80,000 10 years 0 3 years

Truck 21,000 100,000 miles 3,000 44,000 miles

Therefore, we have:

Building annual depreciation = ($430,000 - $30,000) / 25 = $16,000

Building net book value (NBV) = $430,000 - (16,000 * 10) = $270,000

Machine annual depreciation = ($285,000 - 10,000) / 10 = $27,500

Machine NBV = $285,000 - ($27,500 * 2) = $230,000

Patent annual amortization = $80,000 / 10 = $8,000

Patent net written down value = $80,000 - ($8,000 * 3) = $56,000

Truck accumulated depreciation = ($21,000 - 3,000) * (44,000 / 100,000) = $7,920

Truck NBV = $21,000 - $7,920 = 13,080

Westfield Semiconductors Balance Sheet (Partial) as of December 31, 2019.

Details $

Property, plant, and equipment:

Land (Cost) 104,300

Building (NBV) 270,000

Machine (NBV) 230,000

Truck (NBV) 13,080

Total PPM 617,380

Intangible assets:

Patent (NRV) 56,000

Total tangible and intangible assets  673,380

4 0

3 years ago

Divine Apparel has 3,100 shares of common stock outstanding. On October 1, the company declares a $0.75 per share dividend to st

Naya [18.7K]

Answer:

Debit Credit

Retained Earnings ($0.75*3,100) $2,325

Dividend payable $2,325

2. "No Journal Entry Required"

Debit Credit

Dividend payable $2,325

Cash $2,325

Explanation:

The following journal entries will be required to be made

1. Recording declaration of dividend

The Divine Apparel shall record the the following journal entry on October 1 in respect of dividend declared by it.

Debit Credit

Retained Earnings ($0.75*3,100) $2,325

Dividend payable $2,325

2.Record the entry on date of record

"No Journal Entry Required"

3.Record the payment of cash dividends

The Divine Apparel shall record the the following journal entry on October 31 in respect of dividend paid by it.

Debit Credit

Dividend payable $2,325

Cash $2,325

7 0

3 years ago

in marketable securities by $318,370 and paid $1,218,231 for new fixed assets during 2017. The company also repaid $776,200 of e

sertanlavr [38]

Answer:

The complete question from the start is "Carla Vista Company increased its investments in marketable securities by $318,370 and paid $1,218,231 for new fixed assets during 2017"

a. Investing activities

+ Proceeds from sales of marketable securities $318,370

- Purchase of new fixed assets $1,218,231

+ Proceeds from sale of fixed assets $332,002

Net cash used for investing activities -$567,859

Note: The answer is cash outflow

b. Financing activities

- Repayment of long term debt $776,200

+ Proceeds from raising new debt capital $913,575

- Repurchase of stock $52,501

Net cash inflow from financing activities $84,874

Note: The answer is cash inflow

8 0

3 years ago