Answer:
$134,300
Explanation:
The computation of total manufacturing overhead is shown below:-
Variable manufacturing overhead = Variable manufacturing overhead cost per unit × Units produced
= $1.60 × 8,000
= $12,800
Total Manufacturing overhead = Variable manufacturing overhead + Fixed manufacturing overhead
= $12,800 + $121,500
= $134,300
So, for computing the total manufacturing overhead we simply applied the above formula.
Answer:
balance sheet
Explanation:
A balance sheet is one of the most essential financial statements that helps accountants and managers grasp the financial structure of the company, at a <u>certain point of time</u>.
The balance sheet clearly states the company's assets, liabilities and stockholders' equity, rigorously adhering to the basic accounting equation:
Assets = Stockholder's Equity + Liabilities
The equilibrium of the equation above is non-negotiable; it relies on common sense too. Every company owns things - <em>assets</em>, which were obtained with the aid of a e.g. bank loan - <em>liability, </em>or investor money - <em>stockholders' equity</em>.
These three groups can be further itemized into smaller, concrete accounts. Also, the <em>liquidity principle</em> is applicable in terms of ordering the items in an increasing liquidity order.
The time context is also an important distinction of this specific financial statement. While statements such as the P&L statement refer to <em>a specific time interval</em> (year, quarter...), the balance sheet reflects <em>a specific point of time. </em>
Answer:
Liquidity Ratio = 3.33
Asset to Debt ratio = 1.94
Debt to Income ratio = 95.57%
Debt Payments to disposable income = 36.76%
Investment assets to total assets = 23.51%
Explanation:
Liquidity Ratio = [ Liquid Assets ] ÷ [ Short Term Debt ]
= $14,000 ÷ $4,200
= 3.33
Asset to Debt ratio = [ Total Assets ] ÷ [ Total debt ]
= $319,000 ÷ $164,200
= 1.94
Debt to Income ratio = [ Total Debt ] ÷ [ (Gross Income + Disposable income -expenses) ]
= $164,000 ÷ [ ($13,000 + $6800 - $5500) × 12 ]
= 0.9557 or 0.9557 × 100% = 95.57%
Debt Payments to disposable income
= [ Long term debt payment + short term debt payment ] ÷ [ Disposable income ]
= [ $2,200 + $300 ] ÷ $6,800
= 0.3676 = 36.76%
Investment assets to total assets
= $75,000 ÷ $319,000
= 0.2351 = 23.51%
