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Elena L [17]
3 years ago
11

CWN Company uses a job order costing system and last period incurred $70,000 of actual overhead and $100,000 of direct labor. CW

N estimates that its overhead next period will be $85,000. It also expects to incur $100,000 of direct labor cost. If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be:
Business
1 answer:
denis23 [38]3 years ago
7 0

Answer:

85%

Explanation:

With regards to the above information, the predetermined over head is calculated as seen below.

Predetermined overhead = [(Estimated overhead / Expected labor cost) × 100]

Estimated overhead = $85,000

Expected labor cost = $100,000

Then,

Predetermined overhead = [($85,000 / $100,000) × 100]

Predetermined overhead = 0.85 × 100

Predetermined overhead = 85%

Therefore, the predetermined overhead rate for the next period should be 85%

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Answer:

<em>[C] Go on with the scheduled issue date as planned, issuing the objective report as is even though this may negatively affect business between the two companies.</em>

Explanation:

Although the communication between the two organizations might have a detrimental impact on business, it really is your duty to release the report as it is.

It is unethical to prolong the problem for convenience or as a favor to the executives of the other organization as the study shifts to downplay negativity.

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3 years ago
When a company sells multiple products, an increase in total sales always results in an increase in total profits.
nevsk [136]

Hindsight is a wonderful thing in any business, or in life in general. We could make the best business decisions and maximise earnings if we had access to a crystal ball that could tell us exactly how many people would buy our goods.

<h3>What Is Cost-Volume-Profit (CVP) Analysis?</h3>

An approach to determining how changes in variable and fixed expenses impact a company's profit is through cost-volume-profit (CVP) analysis.

Companies can utilise CVP to determine how many units they must sell to attain a specific minimum profit margin or break even (pay all expenditures).

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Learn more about Cost-Volume-Profit refer:

brainly.com/question/26711135

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5 0
2 years ago
The people pane shows social media information available for any people who were included in the header of a message in the ____
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5 0
3 years ago
Joe and Michelle have a partnership firm. Based on the income-based method of calculating GDP, what category is the income earne
tekilochka [14]

Answer: B) employee’s compensation.

The income approach to measure gross domestic product or GDP starts with the income earned (wages plus plus rents plus interest plus profits) from the production of goods and services.

Based on the income-based method of calculating GDP, income or wages earned by Joe and Michelle for being partners can be categorized under B) employee’s compensation.


3 0
3 years ago
Clampett, Incorporated, converted to an S corporation on January 1, 2020. At that time, Clampett, Incorporated, had cash ($40,00
lana [24]

Answer:

$2,100

Explanation:

Particulars                     Fair market value      Basis        Differences

Inventory                             $60,000              $30,000       $30,000

Account receivables           $40,000              $40,000       $0

Equipment                           $60,000              $80,000      <u> ($20,000)</u>

Taxable gain                                                                           $10,000

Tax rate                                                                                   <u>   21%    </u>

Built in gains tax                                                                     <u>$2,100  </u>

So therefore, the built-in-gains tax that Clampett (Incorporated) will pay in 2021 is $2,100.

3 0
3 years ago
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