Answer:
Estimated manufacturing overhead rate= $10 per direct labor hour
Explanation:
Giving the following information:
Estimated manufacturing overhead= $2,886,000
Estimated direct labor hours= 288,600
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 2,886,000/288,600= $10 per direct labor hour
Products such as oil and petroleum stuff is what it so wealthy.
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Answer:
The correct statement is:
A. In the short run, other things remaining the same, a given percentage change in the quantity of money brings an equal percentage change in the price level.
Explanation:
This economic situation is due to the market forces of demand and supply. Therefore, when the interest rate rises, if everything else remains equal, the opportunity cost of holding money rises. At the same time, the quantity of money demanded in the market decreases.
Answer:
$710,000
Explanation:
For computing the cost of the goodwill, first we have to calculate the fair value of the net asset which is shown below:
The fair value of net asset = The fair value of Skysongâs assets - the fair value of liabilities
= $890,000 - $180,000
= $710,000
And, the acquired value of Skysong Enterprises for cash is $790,000
So, the goodwill would be
= $790,000 - $710,000
= $80,000
