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Harrizon [31]
3 years ago
15

Oldham Corporation bases its predetermined overhead rate on a variable manufacturing overhead cost of $4.00 per machine-hour and

fixed manufacturing overhead cost of $87,822 per period. If the denominator level of activity is 4,100 machine-hours, what would be the fixed component in the predetermined overhead rate
Business
1 answer:
Rzqust [24]3 years ago
5 0

Answer:

$21.42

Explanation:

The computation of fixed component in the predetermined overhead rate is shown below:-

Fixed component in the predetermined overhead rate = Fixed Overhead ÷ Machine Hours

= $87,822 ÷ 4,100

= $21.42

Therefore for computing the fixed component in the predetermined overhead rate we simply divide the fixed overhead by machine hours.

And all the other information i.e given is not relevant. Hence, ignored it

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Revenue on account amounted to $4,400. Cash collections of accounts receivable amounted to $2,600. Expenses for the period were
DaniilM [7]

<u>Calculations of Net Income for the period (Assuming the Accrual Method of accounting):</u>


It is given that Revenue on account amounted to $4,400. Expenses for the period were $2,300.

The Net income for the period using the Accrual Method of accounting can be calculated with the help of following formula;

Net Income = Sales Revenue – Expenses

= 4400-2300

= 2100


Hence, the net income for the period is <u>$2,100</u>






4 0
3 years ago
The rule of simplicity states that visual aids ____________.
gulaghasi [49]
 Visual aids<span> can powerfully help the effectiveness of a speech.</span>
The rule of simplicity states that visual aids should clarify, not confuse. <span> A complicated </span>visual aid should not be used in order the speech to be kept simple and understandable. In this direction it is also recommended <span>only key words or phrases to be used.</span>

6 0
3 years ago
question 5 mr. porter sells 10 bottles of champagne per week at a price of $100 per bottle. he can sell 11 bottles per week if h
Natali5045456 [20]

As per the given data, there is An increase of $90  and a decrease of $100.

( bottle cost 90x10 =900 and 90x11=990; increase of $90)

(Total Revenue: 100x10=1000 , 90x10=900; difference is 100)

<h3>What is revenue?</h3>

While doing any kind of business, a person always invests some money and tries to generate a profit. This can be done with the help of operations calculations.

After an average sale that has been done. This kind of work or activity is done in the case of revenue. One can easily calculate the revenue by putting the given value into the formula.

Thus, in the case of Mr. Potter, after selling 11 bottles per week, the total revenue will be a difference of a hundred dollars.

Learn more about revenue from here:

brainly.com/question/8645356

#SPJ4

7 0
2 years ago
During the​ year, Sheldon Company had net credit sales of $ 47 comma 000. At the end of the​ year, before adjusting​ entries, th
Maru [420]

Answer:

The balance of allowance for doubtful accounts is $ 1,880

Explanation:

Computation of balance in Allowance for Bad Debts

Total credit sales                                             $ 47 comma 000

Estimated bad debts as a % of sales                     4 %

Balance of Allowance for Doubtful accounts      $ 1,880

The balance is based on a % to credit sales basis. The bad debts expense for the year considers the balance in the allowance for doubtful accounts and the accounting entry is an adjustment amount.

4 0
4 years ago
The relationship between the type of diversification and overall firm performance Multiple Choice takes on the shape of an inver
Elan Coil [88]

Answer:

takes on the shape of an inverted U so related diversification has the best performance.

Explanation:

A portfolio variance is used to determine the overall risk or dispersion of returns of a portfolio and it is the square of the standard deviation associated with the particular portfolio.

The portfolio variance is given by the equation;

Variance = w^{2}_{1} d^{2}_{1} + w^{2}_{2} d^{2}_{2}+2w_{1}w_{2}C_{OV_{1, 2}}

Where;

w_{n} = the weight of the nth security.

d^{2}_{n} = the variance of the nth security.

C_{OV_{1, 2}} = the covariance of the two security.

The relationship between the type of diversification and overall firm performance takes on the shape of an inverted U, so related diversification has the best performance.

4 0
3 years ago
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