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g100num [7]
3 years ago
6

The management of Featheringham Corporation would like to investigate the possibility of basing its predetermined overhead rate

on activity at capacity. The company's controller has provided an example to illustrate how this new system would work. In this example, the allocation base is machine-hours and the estimated amount of the allocation base for the upcoming year is 67,400 machine-hours. Capacity is 80,400 machine-hours and the actual level of activity for the year is assumed to be 64,400 machine-hours. All of the manufacturing overhead is fixed and both the estimated amount at the beginning of the year and the actual amount at the end of the year are assumed to be $2,836,512 per year. It is assumed that a number of jobs were worked on during the year, one of which was Job Z77W which required 450 machine-hours. If the company bases its predetermined overhead rate on capacity, then the predetermined overhead rate is closest to:
Business
1 answer:
Wewaii [24]3 years ago
3 0

Answer:

the predetermined overhead rate is $35.28

Explanation:

The computation of the predetermined overhead rate is given below:

The Predetermined overhead rate is

= Estimated overhead ÷ Capacity hours

= $2,836,512 ÷ 80,400 machine hours

= $35.28

hence, the predetermined overhead rate is $35.28

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You want to buy your dream car which will cost you $5900. If you could invest your entire savings of $3500 at an annual interest
Liula [17]

Answer:

t = 4.607742347 years rounded off to 4.61 years

Explanation:

To calculate the number of years it will take an investment of $3500 to grow to $5900 at an annual interest rate of 12%, we will use the formula for the future value of cash flows. The formula can be written as follows,

Future value = Present value * (1+i)^t

Where,

  • i is the interest rate
  • t is the time in years

Plugging in the values for future value, present value and i, we can calculate the t to be,

5900 = 3500 * (1+0.12)^t

5900 / 3500 = (1.12)^t

1.685714286 = 1.12^t

Taking log on both sides.

Ln(1.685714286)  /  Ln(1.12)  =  t

t = 4.607742347 years rounded off to 4.61 years

7 0
3 years ago
Michelle owns a rental property in San Diego that she has rented to Luis for four years. The street on which the house is locate
ivolga24 [154]

Michelle must give Luis a sixty-day written notice of the lease termination because he has lived in the property for more than one year.

Explanation:

The landlord must send a 30-day notice of termination in writing with the occupant at the cost of his will, unless the owner stays in the house for more than one year, which includes a notice of 60 days.

The 60 Days Lease Termination Letter is an appointment for a residential property owner to use when he wishes to vacate a tenant for at least a year or more after residing in the house.

In California, a landlord can terminate a rental after a tenant has spent a year or more on the property and has provided the tenant with a notice of sixty days.

8 0
3 years ago
XYZ Corporation reported a $35,000 increase in inventory and a $7,000 decrease in accounts payable during the year. XYZ's cost o
Angelina_Jolie [31]

Answer:

42,000

Explanation:

net inventory change + net a/p change

7 0
3 years ago
Willingness to pay
alex41 [277]

Answer:

The correct answer is option a.

Explanation:

The willingness to pay for a product can be defined as the maximum amount an individual is willing to procure or obtain a product. The price of a product lies between a consumer's willingness to pay and a seller's willingness to accept.  

The willingness to accept is the minimum amount a seller is willing to accept to let go of a product. Willingness to pay indicates how valuable good is for the buyer.

4 0
3 years ago
A flood damages a home that is in a community in early stages of participation in NFIP, but are not yet considered a participati
stepladder [879]

Answer:

$10,000

Explanation:

The National Flood Insurance Program (NFIP) allows property owners to buy insurance that protects them from damage caused by floods. But the NFIP is available only in participating communities.

In this case, the owner will receive up to $10,000 because it is covered under the Emergency Plan.

7 0
3 years ago
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