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ZanzabumX [31]
3 years ago
12

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning

of the year, it estimated that 26,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $564,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris’s actual manufacturing overhead cost for the year was $674,221 and its actual total direct labor was 26,500 hours. Required: Compute the company’s plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.)
Business
1 answer:
KonstantinChe [14]3 years ago
6 0

Answer:

The company’s plant wide predetermined overhead rate for the year is $23.70

Explanation:

The computation of the predetermined overhead rate is shown below:

= (Fixed manufacturing overhead cost ÷ direct labor-hours) + variable manufacturing overhead per direct labor hour

= ($564,000 ÷ 26,000 hours) + $2 per direct labor hour

= $21.69 + $2 per direct labor hour

= $23.70

The other items which are mentioned in the question are not considered in the computation part. So, these parts should be ignored.

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Fresh n Fragrant is a chain of flower shops offering a variety of flowers and ornamental plants. It recently opened a distributi
love history [14]

Answer: Vertical integration

Explanation:        

The vertical integration is one of the type of business management strategy that helps in managing the organization supply chain and also helps in producing the different types of products and the services.

It helps in controlling the distributors, producers and also the retailer in the business. The following are some advantages of the vertical integration are as follows:

  • Helps in improving the efficiency
  • Reducing the overall cost
  • Helps in control the different types of functions
  • Increase the share in the market

According to the given question, the fresh n fragrant is practicing the vertical integration hat helps in the manage supply chain of the company.

 Therefore, Vertical integration is the correct answer.

4 0
4 years ago
Continuing from Problem 1, at the end of the first year, Chemtec is expecting sales of $250 million and costs of $125 million. T
Tanzania [10]

Answer:

Free cash for first year is $98.75

Explanation:

Sales =                                  $250 million

Less: Costs =                        $125 million

Less: Depreciation =            <u>$50 million</u>

Earning before Tax =           $75 million

Less: Tax 35% (75 x 35%) = <u>$26.25 million</u>

Net Income =                        <u>$ 48.75 million</u>

Free cash flow = Net Income + Non cash Expenses - Increase in working capital - Capital Expenditure

Free cash flow = 48.75 million + 50 million - 0 - 0

Free cash flow = 98.75 million

3 0
3 years ago
If a homeowner wants to sell his property to an adult child for $1, may a sales agent be involved in that transaction?
Umnica [9.8K]

Answer:

Of course a sales agent can be involved, although they will probably charge a fixed amount and not a sales percentage. Many people probably need the help of a sales agent to fill out legal forms, including contracts, etc. Not everyone has the knowledge to prepare them or simply fill them out, and a sales agent can be helpful.

7 0
3 years ago
At the stage, the product reaches its highest point of demand and sales
gregori [183]

Answer: Maturity Stage

Explanation:

At the maturity stage, the product reaches its highest point of demand and sales. The market is getting closer to saturation, so the number of potential new customers is limited, and competition increases. During the saturation and decline stage, sales stop increasing, so profitability is lowered.

5 0
3 years ago
You bought a stock one year ago for $ 50.00 per share and sold it today for $ 55.00 per share. It paid a $ 1.00 per share divide
fomenos

Answer:

a. 12%

b. 2% and 10%

Explanation:

a. The computation of the realized return is shown below:

= {(Ending share price - initial price) + Dividend} ÷ (Initial price) × 100

= {$1 + ($55 - $50)} ÷ $50

= 12%

b. The computation of the dividend yield and the capital gain is shown below:

Dividend yield

= (Dividend) ÷ (initial price) × 100

= $1 ÷ $50 × 100

= 2%

For capital gain yield:

= (Ending share price - initial price) ÷ (Initial price) × 100

= ($55 - $50) ÷ ($50) × 100

= $5 ÷ $50 × 100

= 10%

6 0
4 years ago
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