Answer:
Predetermined manufacturing overhead rate= $53,75 per machine hour
Explanation:
Giving the following information:
Order size:
Estimated activity cost= $585,866
Estimated machine hours= 10,900
<u>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
Predetermined manufacturing overhead rate= 585,866/10,900
Predetermined manufacturing overhead rate= $53,75 per machine hour
Answer:
Number of movies remaining= 3 movies
Explanation:
Giving the following information:
Juan has a monthly budget of $100 to spend on entertainment. A concert ticket costs $20 while a movie ticket costs $10. This month Juan has attended one concert and 5 movies so far.
First, we need to determine the cost formula:
Total cost= 20*x + 10*y
x= number of concerts
y= number of movies
Now, we need to calculate the expense so far:
Cost= 20*1 + 10*5= 70
Number of movies remaining= 30/10= 3 movies
Sufficient products to meet consumer wants
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Answer:
The answers are listed below in the sequence of questions asked:
Explanation:
Fixed Cost
Average Fixed Cost
Variable Cost
Opportunity Cost
Explicit Cost
Average Cost
Answer:
b. deposits in transit
Explanation:
Bank Reconciliation: The bank reconciliation deals with the bank statement balance and the cash statement balance. The motive is to compare these two statements so that the organization can run in the smooth manner.
There are various transactions due to which the bank statement balance and the cash statement balance do not match. To match these statements, we adjust the transactions accordingly.
The adjusting entry of interest earned is
Cash A/c Dr
To Interest income A/c
(Being interest is earned)
Likewise, for The fee for collection
Bank charges A/c
To Cash A/c
(Being fees is charged)
And for NSF check of customer, it would be
Account receivable A/c Dr
To Cash A/c
(Being the adjusting entry is made)
So, for this the adjusting entry is made but for Deposit in transit , no adjusting entry would be made.