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Ber [7]
3 years ago
9

Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated

annual overhead cost for each activity is $202,800, $364,500, and $88,000, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,600, machine hours 24,300, and number of inspections 1,600. Compute the overhead rate for each activity.
Machine setups $ per setup
Machining $ per machine hour
Inspections $ per inspection
Business
1 answer:
Ghella [55]3 years ago
5 0

Answer and Explanation:

The computation of the overhead rate for each activity is as follows;

Overhead rate is

= Respective overhead cost ÷ Respective activity

For Machine setups

= ($202,800 ÷ 2,600 setups)

= $78 per setup

For Machining

= ($364,500 ÷ 24,300 machine hours)

= $15 per machine hour

For Inspection

= ($88,000 ÷ 1,600 inspections)

= $55 per inspection

In this way it is calculated

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4 years ago
Creative Sound Systems sold investments, land, and its own common stock for $35 million, $14.5 million, and $39.0 million, respe
AlladinOne [14]

Answer:

The correct answer is $18.5 million.

Explanation:

According to the scenario, the computation of the given data are as follows:

we can calculate the cash flow from financing activities by using following formula:

Cash flow from financing activities = Issue of common stock - Purchase of treasury stock

By putting the value, we get

Cash flow from financing activities = $39.0 million - $20.5 million

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5 0
4 years ago
Select the correct answer.
vredina [299]

b ( i think )

explanation ; i’m smart
3 0
3 years ago
g Caspian Sea Drinks is considering buying the J-Mix 2000. It will allow them to make and sell more product. The machine cost $1
masha68 [24]

Answer:

16.2%

Explanation:

using an excel spreadsheet or financial calculator, you can determine the internal rate of return (IRR) of the project:

initial outlay = -$1,500,000

NCF years 1 - 5 = $460,239

IRR = 16.20%

the internal rate of return of a project is the discount rate at which the project's NPV = 0. If you discount the five cash flows using 16.20%, then the present value = $1,500,000 which is equal to the initial outlay.

3 0
3 years ago
On December 30 of the current year, Leigh Museum, a nongovernmental not-for-profit entity (NFP), received a $7 million donation
DENIUS [597]

Answer:

$7,000,000

Explanation:

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The whole $7 million have restricted uses, therefore they should all be reported as assets with donor restrictions.

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