Answer:
Instructions are listed below
Explanation:
Giving the following information:
The predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the company will incur $754,000 of overhead costs and $580,000 of direct labor cost.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 754000/580000= $1.3 per direct labor dolar
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Answer:
A. $ 4,123
Explanation:
For accounting purposes we will consider as cost to ivnentory all the necessarycost incurred to get the merchandise ready for use. Therefore the returns and dsicount decrease the inventory as they weren't cost incurred.
The freight will count as necessary and incurred thus, added.
Invoice nominal 4,800
returns
4,800 x 20% = <u> (960)</u>
balance 3,840
discount 2% <u> (76.8) </u>
merchandise cost 3.763,2
freights-in <u> 360 </u>
total cost 4,123.2
Answer:
B. Monetary calculations can be performed in C is the correct answer.
Explanation:
Answer:
$60,000
Explanation:
The computation of Money supply expand is shown below:-
Excess reserves = Actual - required
=$85,000 - (0.25 × $240,000)
=$85,000 - $60,000
= $15,000
Money supply expand = Excess reserves ÷ Reserve ratio percentage
= $15,000 ÷ 25%
= $60,000
Therefore for computing the money supply expand we simply deduct the reserve ratio percentage from excess reserves.
