Answer:
7
Explanation:
The company's times interest ratio is calculated as;
= Its income before interest expense and any income taxes ÷ Interest expense
= $140,000 ÷ $20,000
= 7
Answer:
Results are below.
Explanation:
<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>
Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production
Units completed= (3,200 + 200) - 400= 3,000
Equivalent units of production= 3,000 + 400*0.8
Equivalent units of production= 3,320 units
Answer:
the budgeted manufacturing overhead for August is $40,030
Explanation:
The computation of the budgeted manufacturing overhead for August is shown below:
= Budgeted manufacturing overhead + direct labor hour rate × direct labor hours for august
= $13,300 + $3.30 × 8,100 hours
= $13,300 + $26,730
= $40,030
Hence, the budgeted manufacturing overhead for August is $40,030
<span>Since the business owner, by definition, is the person who controls all those assets and is responsible for them, he/she can take parts of them home if they so choose. This is a way to manage resources, especially if those resources are still useful in some way.</span>
