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Verizon [17]
3 years ago
9

H Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The c

ompany has provided the following data for the most recent year. Estimated manufacturing overhead from the beginning of the year $ 310,000 Estimated activity level from the beginning of the year 20,000 machine-hours Actual total fixed manufacturing overhead $ 338,000 Actual activity level 18,300 machine-hours The predetermined overhead rate is closest to:
Business
1 answer:
Korvikt [17]3 years ago
8 0

Answer:

Estimated manufacturing overhead rate= $15.5 per machine hour.

Explanation:

Giving the following information:

H Corporation uses a predetermined overhead rate base on machine-hours.

Estimated manufacturing overhead from the beginning of the year $ 310,000 Estimated activity level from the beginning of the year 20,000 machine-hours.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base= 310000/20000= $15.5 per machine hour.

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On January 2, 2018, Jensen Corporation sells equipment it manufactured to Lewisburg Fabricators in exchange for an $80,000 note
lord [1]

Answer:

Explanation:

Interest = Carrying value *Interest rate = $54,447*8% = $4356

Amountof interest to be recognized is  $4356

8 0
3 years ago
The fictional country of Alperta increases the income tax rate so that tax revenues increase by $50 million. If GDP, consumption
alina1380 [7]

Answer:

C. No change

hope it helps. brainliest pls

3 0
2 years ago
In 2019, Richard's Department Store changes its inventory method from FIFO to LIFO. Richard's uses the simplified LIFO method. R
xeze [42]

Answer:

C) $22,727.

Explanation:

to calculate the 2019 layer, I will first determine the value of the 2019 inventory using LIFO:

(2018 inventory / 2018 price index) + (2019 inventory - 2018 inventory) = ($300,000 / 1.1) + ($350,000 - $300,000) = $272,727 + $50,000 = $322,727

to determine the LIFO layer = adjusted 2019 inventory - 2018 inventory = $322,727 - $300,000 = $22,727

The LIFO layer represents the difference in cost of goods sold from the ending of one year to the next year.

7 0
3 years ago
What is the technique used to help groups generate multiple ideas and alternatives for solving problems
bekas [8.4K]

Brainstorming is the technique used to help groups generate multiple ideas and alternatives for solving problems.

This is usually through a group discussion where the members are asked to throughout a list of ideas and solutions and the group discusses them to find a good alternative.

4 0
3 years ago
Can a local businessman pay a police officer $50 a week to watch his business more closely? Group of answer choices
11111nata11111 [884]

Answer: b. No, Public Officials cannot give consideration on duties they are already supposed to perform.

Explanation:

The options are:

a. Yes, as long as the contract is registered with the Secretary of State

b. No, Public Officials cannot give consideration on duties they are already supposed to perform

c. Yes, as long as 50$ is reasonable amount to watch the business

d. Yes, as long as a court reviews the contract within 30 days

e. No, unless a court approves the agreement.

From the question, we are asked whether local businessman can pay a police officer $50 a week to watch his business more closely. This is not true as Public Officials cannot give consideration on duties they are already supposed to perform.

The role of the police is to ensure that lives and properties are always safe and they're pair by the government for the role, therefore, they shouldn't be offered money to do what they're naturally expected to do.

8 0
4 years ago
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