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Bumek [7]
2 years ago
14

Collins Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The f

ollowing information applies to the Collins Corporation for the current year: Direct Labor-Hours: Estimated for the Year 24,000 Actual Hours Worked 19,500 Direct Labor Cost Estimated for the Year 300,000 Actual Cost Incurred 210,000 Manufacturing Overhead Estimated for the Year 240,000 Actual Cost Incurred 185,000 Beginning Balance Ending Balance Raw Materials 14,000 22,000 Work in Process 27,000 9,000 Finished Goods 62,000 77,000 The manufacturing overhead cost for the current year will be: a. $17,000 overallocated. b. $17,000 underallocated. c. $55,000 overallocated. d. $55,000 underallocated.
Business
1 answer:
Mariulka [41]2 years ago
4 0

Answer:

b. $17,000 underallocated

Explanation:

Given the information above, the computation of manufacturing overhead cost for the current year is seen below;

First, we will compute the predetermined overhead cost

= Estimated manufacturing overhead / Estimated direct labor hour

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You have just taken out a $ 23 comma 000 car loan with a 4 % ​APR, compounded monthly. The loan is for five years. When you make
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Answer:

Interest = $75.90

Principal = $347.64

Explanation:

First find the payment that is required per month. It will be an Annuity payment as the present value of the loan is given.

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Present Value of Annuity= Payment * (1 - (1 + r) ^ -n)/r

23,000 = Payment * (1 - ( 1 + 4/12%) ^ -⁶⁰)/ 4/12%

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= $75.90

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= $347.64

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3 years ago
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2 years ago
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2 years ago
Arnell Industries has $35 million in permanent debt outstanding. The firm will pay interest only on this debt. Arnell’s marginal
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Answer:

a) $0.5145 million

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Explanation:

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To find annual interes tax shield use the formula below:

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Use the formula:

Present value of the interest tax​ shield = Annual interest tax​ shield /loan interest rate

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present value of the interest tax​ shield = $7.35 million

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