Answer: $0.29 per mile
Explanation:
Truck is to be driven for 100,000 miles.
It has a cost of $34,000 and a salvage value of $5,000.
Useful life is 8 years.
Depreciable cost per mile under units-of-activity method = (Cost price - Salvage value) / Miles to be driven
= (34,000 - 5,000) / 100,000
= $0.29 per mile
Answer:
It would be A Raina is correct because the loan is a line of credit.
Explanation:
Hope this helps!
Answer:
Allocated MOH= $180,000
Explanation:
Giving the following information:
Manufacturing overhead is applied to jobs based on direct labor costs using a predetermined overhead rate.
The estimated manufacturing overhead costs are $360,000 and direct labor costs $400,000.
First, we need to calculate the MOH rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 360000/400000= $0.9 per direct labor dollar.
The actual manufacturing labor costs for job 3 are $200,000.
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 0.9*200000= $180,000
