Answer:
this could be a hard lead if this has to do with writing an article of some sort Explanation:
False ...................
Answer:
Predetermined manufacturing overhead rate= $2.15 per direct labor hour
Explanation:
Giving the following information:
It takes 80,900 direct labor hours to manufacture the X-1 and 93,500 direct labor hours to manufacture the X-2 Line.
Total overhead= 225,000 + 149,960= $374,960
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 374,960 / (80,900 + 93,500)
Predetermined manufacturing overhead rate= $2.15 per direct labor hour
Answer:
False
Explanation:
Suppose a firm's CFO thinks that an externality is present in a project, but that it cannot be quantified with any precision ¾ estimates of its effect would really just be guesses. In this case, the externality should be ignored ¾ i.e., not considered at all ¾ because if it were considered it would make the analysis appear more precise than it really is. This is a false statement.
Answer:
The cost recorded for the equipment=$229,550
Explanation:
The total recorded cost of the automatic equipment has to include the purchase cost and other additional associated costs that come with the equipment. This can be expressed as;
T=P+A
where;
T=total cost
P=purchase cost/invoice cost
A=additional costs(electrical work cost+delivery cost+sales tax+repair cost)
In our case;
T=unknown
P=$190,000
A=(20,000+4,000+13,700+1,850)=$39,550
replacing;
T=190,000+39,550=229,550
The total cost=$229,550
The cost recorded for the equipment=$229,550
