Answer:
The company's plantwide overhead rate is 21.19%
Explanation:
given information:
indirect labor = $8,320,000
factory utilities = $155,500
machine hours = 400,000
to calculate the overhead rate, we can use the following formula
in this case.
the indirect cost = indirect labor + factory utilities
= $8,320,000 + $155,500
= $8,475,500
allocation measure = 400,000
thus,
= 21.19%
Answer:
A company might launch new competitive actions to improve market position, <u>capitalize</u> on growing demand, <u>expand</u> productive capacity, provide an innovative new solution, or obtain first mover advantages.
Answer:unearned revenue, Supplies, prepaid rent
Explanation:
<span>The correct answer should be something along the lines of "the study of distribution of scarce goods", or "the study of choices with limiter sources", or the study of the circulation of goods or anything similar. There are various different definitions of what economics are and often it encompases many more things than just money since economics existed even before money was created, only they were simpler.</span>
Answer:
2.34 million
Explanation:
Vasudevan incorporation reported an operating income of $2.90 million
The depreciation is $1.20 million
The tax rate is 40%
= 40/100
= 0.4
The firm's expenditure on fixed assets and net operating working capital is $0.6 million
Therefore, the free cash flow can be calculated as follows
Free cash flow= operating profit-tax+depreciation-expenditure
= 2.90-(2.90×0.4)+1.20-0.6
= 2.90-1.16+1.20-0.6
= 2.34
Hence the free cash flow is 2.34 million