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anygoal [31]
3 years ago
8

Midwest Corporation has provided the following data concerning manufacturing overhead for 2020: Two jobs were worked on during t

he year: Job A-101 and Job A-102. The number of direct labor-hours spent on Job A-101 and Job A-102 were 1,360 and 4,200, respectively. The actual manufacturing overhead was $72,200. What is the predetermined manufacturing overhead rate per direct labor hour for the year
Business
1 answer:
olganol [36]3 years ago
4 0

Answer:

$16.00

Explanation:

Predetermined manufacturing overhead rate = Budgeted Overheads ÷ Budgeted Activity

therefore,

Predetermined manufacturing overhead rate = $32,320 ÷ 2,020

                                                                            = $16.00

Applied overheads = Predetermined manufacturing overhead rate x Actual activity

therefore,

Applied overheads = $16.00 x 2,410 = $38,560

Conclusion :

Under-applied overheads = $72,200 -  $38,560

                                           = $33,640

the predetermined manufacturing overhead rate per direct labor hour for the year is  $16.00

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Kevin's boat was wrecked by hurricane Harvey (a federally declared natural disaster). Damage to the boat was estimated at $30,00
SVEN [57.7K]

Answer:

A) $4,900

Explanation:

Options are: <em>"A) $4,900 B) $5,000 C) $9,900 D) $14,900"</em>

<em></em>

Particulars                                       Amount

Original cost                                    $25,000

Damage                                           $30,000

Lower of the two is                        $25,000

Less: Insurance reimbursement    <u>$15,000</u>

Actual loss                                       $10,000

Less: Deduction                               $100

Less: 10% of AGI (10% of 50,000)   <u>$5,000 </u>

Final Deduction                               <u>$4,900</u>

Note: Flat $100 is deducted from this amount and also 10% of AGI, i.e 10% of $50,000 is deducted to finally arrive at the deduction.

6 0
3 years ago
On January 1, Year 1, Willette Company sold $240,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and Decem
konstantin123 [22]

Answer: $9,009

Explanation:

To find the Effective Interest Rate, you should convert the stated interest rate into a semi-annual interest rate as that is when interest is payable.

Effective interest Rate = 10% Per annum

= 10/2

= 5%

5% is to be paid Semi-annaully.

Interest Expenses for the first 6 months is therefore,

= Issue Price * effective interest rate

= 180,181 * 5%

= $9,009

$9,009 is the amount of effective interest expense that should be recorded for the six months ended June 30, Year 1.

4 0
3 years ago
37.Ralph is known throughout the company as being an old curmudgeon. But, he is without a doubt the most knowledgeable person in
lora16 [44]

Answer:

Make Ralph understand WHY he needs to be interviewed. Make sure he understands the business value of the proposed system and why his input is vital. Send him questions in advance; talk to somebody who knows him so you can understand him more.

Explanation:

In the given scenario Ralph was described as an old curmudgeon. This means he is an ill tempered person that generally expresses no joy.

However he is without a doubt the most knowledgeable person in the fraud analysis department.

In preparation to interview him there is a need to make him understand why there needs to be an interview. When he sees the need for the interview he will be more engaged.

This can be done by explaining business value of the proposed system and why his input is vital.

Also questions can be sent to him ahead of the interview songs can better prepare

6 0
3 years ago
Danny Locker recently put down his papers after his managers failed to give him a pay rise that he felt would rightly compensate
Mnenie [13.5K]

Answer:

Interpersonal Justice

Explanation:

Danny's resentment related to his pay reflects the specific lack of interpersonal justice in the company that he worked for

4 0
3 years ago
Who created Hentaî? ​
mart [117]
<h2>I don't know! What is that? Hindi ko naman alam yan!</h2>
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