Answer:
The correct answer is C.
Explanation:
Giving the following information:
Pinnacle Corp. budgeted $700,000 of overhead costs for the current year.
Pinnacle's plantwide allocation base, machine hours, was budgeted at 100,000 hours.
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= 700,000/100,000= $7 per machine-hour.
Answer:
a
Explanation:
sometimes you need to be wolf
Answer:B and L have formed a partnership even if they did not intend to.
Explanation:Partnerships can be formed in several different ways and can offer an attractive alternative to setting up as a company or a sole trader.
A partnership is the relationship of two or more 'partners' carrying out a business with a view to making a profit. You and your partners are responsible for running the business. You share profits between yourselves. You and your partners are personally responsible for paying the bills (apart from LLPs). Partnerships are not a separate legal entity (apart from LLPs).
Answer:
Purchase= 14,500 pounds
Explanation:
Giving the following information:
the total pounds needed for production in the current period is 14,000. Beginning inventory= 2,000 pounds
Desired ending inventory= 2,500 pounds
To calculate the direct material purchase, we need to use the following formula:
Purchase= direct material for the period + desired ending inventory - beginning inventory
Purchase= 14,000 + 2,500 - 2,000
Purchase= 14,500 pounds
