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Alex787 [66]
3 years ago
6

Smith Office Equipment​ Company's budgeted manufacturing overhead is $ 4 comma 500 comma 000. Overhead is allocated on the basis

of direct labor hours. The budgeted direct labor hours for the period are 60 comma 000. What is the manufacturing overhead​ rate?
Business
1 answer:
mr_godi [17]3 years ago
4 0

Answer:

$75

Explanation:

We know,

Manufacturing overhead​ rate = Budgeted manufacturing overhead ÷ Budgeted direct labor hours

Given,

Budgeted manufacturing overhead = $4,500,000

Budgeted direct labor hours = 60,000

Putting the values into the manufacturing rate formula, we can get,

Manufacturing overhead​ rate = $4,500,000 ÷ 60,000 hours

Manufacturing overhead​ rate = $75 per labor hour.

When the standard amount of factory cost is allocated to the production of every unit, it is called the overhead manufacturing rate.

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250 college students were surveyed about if they liked the food choices offered by the cafeteria. 140 people said that they did
PIT_PIT [208]
Percentage is a ratio of a unit of an outcome in an event divided to the total sample times 100%.  It means parts per hundred. To calculate, we  get the ratio of the people who liked the choices and the total sample then multiply by 100. We calculate as follows:

Percent = 140/250 x100 = 56%
6 0
3 years ago
Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a
OlgaM077 [116]

Answer:

$86,050

Explanation:

Data provided in the question:

Sales = $634,000

Costs = $328,000

Depreciation expense = $73,000

Interest expense = $38,000

Tax rate = 21 percent

Dividends paid = $68,000

Now,

EBIT = Sales - Cost - Depreciation

= $634,000 - $328,000 - $73,000

= $233,000

EBT = EBIT - Interest

= $233,000 -  $38,000

= $195,000

Net income = EBT - Tax

= $195,000 - (0.21 × $195,000)

= $195,000 - $40,950

= $154,050

Addition to retained earnings = Net income - Dividends

= $154,050 - $68,000

= $86,050

7 0
4 years ago
During a certain six-year period, the consumer price index (CPI) increased by 50%, but during the next sis-year period, it incre
liberstina [14]

Answer:

D. Deflation

Explanation:

"Consumer Price Index" <em>(CPI)</em> measures the changes in the weighted average of prices of a market basket (consisting of consumer goods and services). It tells the<u> cost of living for every consumer. </u>

"Inflation" refers to the sustained increase of prices of goods and services while "deflation" refers to the sustained decrease of prices of goods and services.

In the situation above, the CPI is considered lower than before, thus <u>deflation</u> must have occurred during the second six-year period. It shows a <u>negative inflation rate.</u>

So, this explains the answer.

7 0
4 years ago
Johnny Cake Ltd. has 30 million shares of stock outstanding selling at $40 per share and an issue of $40 million in 8 percent, a
erma4kov [3.2K]

Answer:

WACC = 0.16637 OR 16.637%

Explanation:

WACC or weighted average cost of capital is the cost of a firm's capital structure which can comprise of debt, preferred stock and common equity. The WACC for a firm with only debt and common equity can be calculated as follows,

WACC = wD * rD * (1-tax rate)  +  wE * rE

Where,

  • w represents the weight of each component based on market value in the capital structure
  • r represents the cost of each component
  • D and E represents debt and equity respectively

To calculate WACC, we first need to calculate the Market value an cost of equity.

The market value of equity = 30 million shares * $40 per share

MV of equity = $1200 million

The cost of equity can be found using the formula for Price today (P0) under constant growth model of DDM.

P0 = D1 / (r - g)

40 = 4 / (r - 0.07)

40 * (r - 0.07) = 4

40r - 2.8 = 4

40r = 4+2.8

r = 6.8 / 40

r = 0.17 or 17%

MV of debt = 40 million * 96.5%  => $38.6 million

Total MV of capital structure = 38.6 + 1200 = 1238.6 million

WACC = 38.6/1238.6  *  0.08  *  (1-0.33)  +  1200/1238.6  *  0.17

WACC = 0.16637 OR 16.637%

4 0
3 years ago
What steps can Janet take to avoid falling prey to
julia-pushkina [17]

The steps that Janet can take to avoid falling prey to deceptive advertising are the following:

  • <em>Do her research</em>
  • <em>Know what she wants</em>
  • <em>Trust her judgement</em>

  • However, if Janet has already fallen prey to deceptive or false advertising, which is illegal, she can file a lawsuit against the company.

  • The lawsuit aims to recover damages from the company for misleading her into making a purchase or payment for goods or services whose advertising was deceptive.

  • It is generally unethical for a company to mouth a deceptive advertising.

Thus, Janet may not only trust online resources or purchase products from one retailer, she should carry out proper research based on what she wants before trusting her judgement.

Read more about deceptive advertising at brainly.com/question/24271514

3 0
2 years ago
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