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iren [92.7K]
3 years ago
15

Capalbo Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning o

f the most recently completed year, the company estimated the laborhours for the upcoming year at 52,000 labor-hours. The estimated variable manufacturing overhead was $2.78 per labor-hour and the estimated total fixed manufacturing overhead was $1,192,360. The actual labor-hours for the year turned out to be 52,600 labor-hours. The predetermined overhead rate for the recently completed year was closest to: A. $2.78. B. $25.45. C. $25.71. D. $22.93.
Business
1 answer:
aksik [14]3 years ago
8 0

Answer:

Predetermined manufacturing overhead rate= $25.71 per direct labor hour

Explanation:

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

<u>Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base</u>

Predetermined manufacturing overhead rate= (1,192,360 / 52,000) + 2.78

Predetermined manufacturing overhead rate= 22.93 + 2.78

Predetermined manufacturing overhead rate= $25.71 per direct labor hour

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When a financial institution makes a real estate loan to a home buyer, the transaction takes place: - When the buyer proves his
serg [7]

Answer:

When the buyer proves his creditworthiness

Explanation:

In simple words, the creditworthiness refers to the ability of a borrower to pay back the loan to the lender at the specified time and interest. While taking loan form a financial institution the home buyer first have to prove that he or she is able to pay back the loan taken.

Thus, from the above we can conclude that the correct option is A.

6 0
3 years ago
Sdj, inc. , has net working capital of $1,120, current liabilities of $6,133, and inventory of $844. What is the current ratio?
IgorC [24]

NWC = 1,410 = Current Assets – Current Liabilities = CA - 5,810

=> CA = 1,410 + 5810 = 7,220

Current Ratio = Current Assets/Current Liabilities

= 7,220/ 5,810 = 1.24

Quick Ratio = (Current Assets – Inventory) / Current Liabilities

= (7,220 – 1,315)/ 5,810 = 1.02

Current ratio is 1.67

Quick ratio = 0.88

In general, an appropriate current ratio is one that is comparable to the industry norm or just a little bit higher. The likelihood of distress or default may be increased by a current ratio that is lower than the industry average.

In a similar vein, if a company's current ratio is significantly higher than that of its peer group, it suggests that management might not be making the most use of its resources.

To learn more about Current Ratio here

brainly.com/question/1114476

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8 0
2 years ago
Patricia McCarthy lives in a subsidized apartment complex for low-income senior citizens. She pays a monthly rent of $297 for a
love history [14]

Answer:

$4,068

Explanation:

Margret's monthly rent = $297

Monthly electricity costs = $42

Her costs per year will be

= ($297 x 12) + ( $42 x 12)

=$3,564 + $504

=$4,068

4 0
3 years ago
When Joe's Chicken Shack wants chicken delivered in smaller batches more frequently, it offers its distributors an incentive in
leva [86]

Answer:

Reward

Explanation:

Reward power is the form or type of power, which is described as the use of the rewards so that he employee to follow the instruction given by the supervisor or manager and with the power coming from one ability to withhold the reward for the non- compliance.

This power could be performed through providing the promotion, raises, extra time off from work and bonuses. And its example, the supervisor provide employee bonus if meet the goal set for the project.

So, in this case, Joe wants that the chicken to be delivered in small batches and for that he offered special bonus. Therefore, it states the reward power.

4 0
4 years ago
The wages and salaries expense account would be used to record
Ksenya-84 [330]
I think the answer is d
7 0
3 years ago
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