Answer:
$85 per machine hour
Explanation:
Actual Budgeted
Fixed costs $50,000 $47,960
Machine hours – Assembly 1,900 1,976
Variable costs – Assembly $121,000 $120,000
since the single rate method does not distinguish between fixed or variable costs, in order to determine the cost allocation rate we must add the fixed allocation rate and the variable allocation rate:
- variable allocation rate = $120,000 / 1976 machine hours = $60.73
- fixed allocation rate = $47,960 / 1976 = $24.27
total = $60.73 + $24.27 = $85 per machine hour
Answer:
$1.50
Explanation:
Calculation for How much per share is left for you after all taxes are paid
Using this formula
Amount per share left= Amount per share-(Amount per share× marginal tax rate
Let plug in the formula
Amount per share left=$2.31-($2.31×35%)
Amount per share left=$2.31-0.8085
Amount per share left=$1.50
Therefore How much per share is left for you after all taxes are paid will be $1.50
Answer:
Longhorn Goodwill=$7920
Longhorn should record goodwill on this purchase of $7920.
Explanation:
Longhorn Goodwill=Price Paid to Acquire - Total fair Assets
Total Fair Assets=Fair Value of Assets-Fair Value if Liabilities
Total Fair Assets= $89,900-$15,200
Total Fair Assets= $74,700
Longhorn Goodwill=Price Paid to Acquire - Total fair Assets
Longhorn Goodwill=$82,620-$74,700
Longhorn Goodwill=$7920
Longhorn should record goodwill on this purchase of $7920.