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irina1246 [14]
3 years ago
15

Brothern Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the mo

st recently completed year appear below: Estimates made at the beginning of the year: Estimated machine-hours 34,200 Estimated variable manufacturing overhead $ 6.21 per machine-hour Estimated total fixed manufacturing overhead $ 1,006,164 Actual machine-hours for the year 32,000 The predetermined overhead rate for the recently completed year was closest to:
Business
1 answer:
frez [133]3 years ago
7 0

Answer:

$35.63

Explanation:

The formula for predetermined overhead ate is

= Predetermined fixed overhead rate ÷ Predetermined variable overhead rate

Where;

Predetermined fixed overhead rate = (Fixed overhead cost ÷ Estimated direct labor)

= $1,006,164 ÷ 34,200

= $29.42

But the predetermined variable overhead is $6.21 per machine hour

Therefore, the predetermined overhead rate is

= $29.42 + $6.21

= $35.63

You might be interested in
Cola Inc. Soda Co. Fiscal Year Ended: 2015 2014 2013 2015 2014 2013 Net Sales $ 39,819 $ 35,690 $ 36,444 $ 62,438 $ 47,932 $ 47,
Colt1911 [192]

Answer:

2015 Cola Inc:

A/R  TO               9.51

Days to collect   38.00

2014 Cola Inc:

Inventory TO 10.18

Days to collect 36

2015 Soda Co:

A/R    TO 11.25

Days to collect   32

2014 Soda Co

A/RTurnover 11.28

Days to collect 32

Explanation:

<u>2015</u>

\frac{COGS}{Average Inventory} = $Inventory Turnover  

<em><u>​where: </u></em>

$$Average Account Receivable =(Beginning A/R + Ending A/R)/2

Sales             39,819

ending             4,531

beginnin         3,839

$$Average A/R=4531 + 3839)/2

Avg A/R           4185

\frac{39,819}{4185} = $A/RTurnover

A/R  TO 9.514695341

\frac{365}{A/R   TO} = $Days to collect

\frac{365}{9.51469534050179} = $Days to collect

Days on Inventory 38

<u>2014:</u>

\frac{35690}{3505} = $A/RTurnover

Inventory TO 10.18259629

\frac{365}{10.1825962910128} = $Days to collect

Days to collect 36

Soda Co:

<u>2015</u>

\frac{62483}{5554.5} = $A/RTurnover

A/R    TO 11.24907732

\frac{365}{11.2490773246917} = $Days to collect

Days to collect   32

<u>2014</u>

\frac{47932}{4250} = $A/RTurnover

A/RTurnover 11.27811765

\frac{365}{Inventory TO} = $Days on Inventory

\frac{365}{11.2781176470588} = $Days to collect

Days to collect 32

<u></u>

<u></u>

6 0
3 years ago
Eugene agrees to finish painting Hazel’s house within two weeks of the time they agree to in the contract. A week in, Eugene rea
Yanka [14]

Answer:

Yes, Hazel needs to pay extra $700

Explanation:

As per pre-existing duty rule, a person is obligated to perform his duty at the consideration agreed upon initially. Any modification to the contract is void.

Exceptions to this rule:

  • As per new contract, if the person undertaking his duty hires another person to perform the work so as to complete it in time, then modifications are valid and enforceable.
  • Modifications are valid in case of unforeseen contingencies like war, recession, change in economic conditions and strikes.

In this case, Hazel agreed to pay $700 extra. Under pre-existing duty rule, she is not required to pay Eugene extra $700 but since Eugene took additional help exception to the rule applies and Hazel is obligated to pay $700 extra.

6 0
3 years ago
Read 2 more answers
Who is demonstrating entrepreneurship? for bca in high school
ollegr [7]
Ummmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
4 0
3 years ago
The signing of the project portfolio statement signals the transition from the high-level project initiating stage into the more
OLga [1]

Answer:

False

Explanation:

Signing a project charter rarther than project portfolio signal the trasition of a project from high level initiating phse into a more detailed project planning stage.

cheers.

5 0
3 years ago
There is little relationship between CSR behaviors and consumer reaction to the products and services of the firm according to s
Korvikt [17]

Answer: false

Explanation:

CSR behavior are simply behavioral aspects of CSR. According to the definition of corporate social responsibility, companies should conduct their business in a way that gives back to the society at large.

The statements that there' little relationship between CSR behaviors and consumer reaction to the products and services of the firm according to survey results listed in the Harvard Business Review is not true.

8 0
3 years ago
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