Answer:
B, 195750
Explanation:
Let's first figure out the manufacturing overhead per direct labor hour
175500/13000= 13.5
So we allocate 13.5 in manufacturing overhead per direct labor hour
Let's the mulitply this by the number of actual direct labor hours
14500*13.5=195750
Answer: Inventories and cost of goods sold.
Explanation:
Standard costing is used in accounting and it simply has to do with the substitution of the cost that's expected for a product with an actual cost when preparing financial statements.
The difference that's then between the actual costs and expected costs are then recorded as variance. It should also be noted that when a company prepares financial statements using standard costing, the items that are reported at standard cost will be Inventories and the cost of goods sold.
Answer:
Loss on disposal $1,800
Explanation:
Cost of Asset 26,000
Useful life 5years
Sale proceeds 19,000
Depreciation for the year=$26,000/5=$5,200
Written Down value(WDV)=$26,000-$5,200=$20,800
Loss on Disposal= Sale proceeds- WDV=$19,000-$20,800=$1,800
It is assumed that depreciation is fully charged for the year on asset.
Answer:
Return (%) = 17.43%
Explanation:
T<em>he return on investment is the sum of the dividends earned and capital gains made during the holding period of the investment.</em>
Dividend is the proportion of the profit made by a company which is paid to shareholders.
Capital gains is another type of the return made on an equity investment as a result of increase in the value of the shares. It is difference between the cost of the share and the value at the time of disposal.
Therefore, we can can compute the return on the investment as follows:
Dividend= ($1.60× 140)= $224
Capital gains= (90-78) × 140= $1680
Total dollar return on Investment = $224+ $1680= $1904
Total return in (%) = Return/ cost of shares × 100
= 1904/ (140 × 78) × 100
= 17.43%
Answer:
Controls help to better define an organization's objectives so that employees and resources are focused on them. They safeguard against misuse of resources and facilitate corrective measures. Having good records means management will better understand what happened in the past and where change can be effective.
Explanation:
