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bonufazy [111]
3 years ago
14

A company bases its predetermined overhead rate on direct labor cost. For next year, total factory overhead cost is estimated at

$300,000 and total direct labor cost is estimated at $240,000. For the first month of the year, actual factory overhead cost was $20,000 and actual direct labor cost was $15,000. What amount of overhead will be allocated/applied/assigned to production this month?
Business
1 answer:
AlekseyPX3 years ago
3 0

Answer:

Allocated MOH= $18,750

Explanation:

Giving the following information:

The estimated total factory overhead= $300,000

Total estimated direct labor cost= $240,000.

The actual direct labor cost was $15,000.

First, we need to calculate the estimated overhead rate based on direct labor cost. Then, we can allocate overhead.

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= 300,000/240,000= $1.25 per direct labor dollar

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 1.25*15,000

Allocated MOH= $18,750

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A bond has a par value of $1,000, a current yield of 6.84 percent, and semiannual coupon payments. The bond is quoted at 100.39.
Usimov [2.4K]

Answer: $34.33

Explanation:

From the question, we are informed that bond has a par value of $1,000, a current yield of 6.84 percent, and semiannual coupon payments and that the bond is quoted at 100.39.

Thee amount of each coupon payment goes thus:

We have to calculate the bond price which will be:

= $1000 × 100.39%

= $1000 × 1.39

= $1003.9

It should be noted that the current yield is calculated as the annual coupon amount divided by the bond price. This will be:

6.84% = annual coupon amount ÷ $1003.9

Annual coupon amount = $1003.9 × 6.84%

= $1003.9 × 0.0684

= $68.67

Each coupon amount will now be:

= $68.67/2

= $34.33

6 0
3 years ago
The Perry Company reported Accounts Receivable, Net of $65,800 at the beginning of the year and $73,000 at the end of the year.
VikaD [51]

Answer:

28.6 days

Explanation:

Avg Receivables= Beg Receivables + Ending Receivables /2

=65,800+73,000/2

=$138,800/2

=$69,400

Receivable turn over= Net Sales/ Avg Receivables

=884,000/69,400

=12.74

days to collect during year= 365/ Receivable turn over =365/12.7

=28.6 days

4 0
3 years ago
Which of the following is not correct? a. The producer who requires a smaller quantity of inputs to produce a good is said to ha
SCORPION-xisa [38]

Answer:

b. The producer who gives up less of other goods to produce Good X has the smaller opportunity cost of producing Good X

Explanation:

<u>The opportunity cost is the cost of the best alternative.</u>

In this case, the producer uses factors (labor, raw materials, capital) to produce good X. His opportunity cost is the goods he would produce instead of good X.

A producer who gives up less of the other goods means his best alternative is lower than one who gives up more.

<em>For example</em>

if a producer can do

10 good X

or 50 of good Y

The opportunity cost for good X is 5 units of Y

if another producer can do

10 good X

or 20 of good Y

The opportunity cost of good X is 2 units of Y

For this second producer, it is more feasible to produce X than the first producer. It renounces to fewer unis of good Y

6 0
3 years ago
Iris Souza started the summer with $30. She took $10 and made signs for her dog walking service. She posted the signs all over h
Ivenika [448]

Answer:

Souza's profit for her summer job is $125

Explanation:

Profit is the amount remaining after deducting total expenditure from total revenue.

Since Souza had $125 left after purchasing for herself a new pair of shoes for $50 at the end of the summer, her profit for her summer job is $125

6 0
3 years ago
Your brother has asked you for a loan and has promised to pay you $9,800 at the end of three years. If you normally invest to ea
VMariaS [17]

Answer:

PV= $8235.817383

Explanation:

Giving the following information:

Your brother has asked you for a loan and has promised to pay you $9,800 at the end of three years. You normally invest to earn 6.40 percent per year.

FV= $9,800

i= 0.064

n= 3

Present Value=?

We need to use the present value formula:

PV= FV/(1+i)^n

PV= 9800/(1.064^3)= $8235.817383

7 0
3 years ago
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