Answer:
Estimated manufacturing overhead rate= $7 per machine hour
Explanation:
Giving the following information:
Pinacle Corp. budgeted $700,000 of overhead costs for the current year.
Pinacle's plantwide allocation base, machine hours, was budgeted at 100,000 hours.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 700,000/100,000= $7 per machine hour
Answer:
Yes, I would support the denial because rules and regulations apply to everyone, and that includes businesses. Zoning rules exist in real estate to make sure that some areas or neighborhoods are used for certain specific purposes, e.g. residential areas, industrial areas or commercial areas. If those rules regulations didn't exist, it would be a complete mess and anyone could just set a factory besides a condo or a school. Either everyone follows the rules or no one does.
Explanation:
Answer:
Cherry Jalopies, Inc.:
mean = (0.22 + 0.11 - 0.04 + 0.06 + 0.09) / 5 = 0.52 / 5 = 0.104
variance = [(0.22 - 0.104)² + (0.11 - 0.104)² + (-0.04 - 0.104)² + (0.06 - 0.104)² + (0.09 - 0.104)²] / 5 = (0.013456 + 0.000036 + 0.020736 + 0.001936 + 0.000196) / 5 = 0.007272
standard deviation = √0.007272 = 0.085276 = 8.53%
Straw Construction Company:
mean = (0.16 + 0.23 - 0.01 + 0.01 + 0.17) / 5 = 0.56 / 5 = 0.112
variance = [(0.16 - 0.112)² + (0.23 - 0.112)² + (-0.01 - 0.112)² + (0.01 - 0.112)² + (0.17 - 0.112)²] / 5 = (0.002304 + 0.013924 + 0.014884 + 0.010404 + 0.003364) / 5 = 0.008976
standard deviation = √0.008976 = 0.09474 = 9.47%
Answer:
- Inventory
- Current Liabilities
Explanation:
The journal to record the given transaction is shown below:
Inventory A/c Dr $50,000
To Accounts payable $50,000
(Being the purchase of inventory is recorded)
Since the inventory is a purchase which increases the inventory so the respective account is debited and the account payable is credited as its increases in current liabilities
So, no impact on total stockholders