Answer:
Predetermined manufacturing overhead rate= $14.65 per direct labor hour
Explanation:
Giving the following information:
Estimated direct labor hours= 40,000
Estimated fixed overhead= $466,000
Estimated variable overhead rate= $3.00 per direct labor-hour.
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (466,000/40,000) + 3
Predetermined manufacturing overhead rate= $14.65 per direct labor hour
Rose & Co can withhold their <u>working papers</u> and <u>partially completed work.</u>
"Working papers" are preliminary documents that show the information gathered and the information behind the reports that are generated.
The average variable cost is 2400 because if you multiple 200 times 12 you will get 2400
Answer:
b. $51,500
Explanation:
The correct answer is $51,500 which is b.
$45,000 * 30% = $13,500
This amount is then deducted from $65,000
$65,000 - $13,500 = $51,500.
LIFO is method of calculating the value of inventory in which all the units are valued.
LIFO stands for Last In First Out, which means the unit purchased the last will be sold first. In case of rising prices of inventory LIFO gives lower profits due to higher costs being charged for the units sold against the sale price which lowers the profit ultimately.
Answer:
The correct answer is letter "A": utilitarianism.
Explanation:
Utilitarianism is a term used in philosophy, economics, and law. It is a moral concept that explains that individuals are constantly looking for maximizing pleasure while avoiding any kind of harm. <em>This theory states is based on the belief that the greatest should be given for the greatest amount of people.</em>
British Economist John Stuart Mill (1806-1873) is one of the most relevant characters who promoted that idea.
