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valkas [14]
2 years ago
14

Abel Corporation uses activity-based costing. The company makes two products: Product A and Product B. The annual production and

sales of Product A is 320 units and of Product B is 640 units. There are three activity cost pools, with total cost and activity as follows:
Total Activity
Activity Cost Pools Total Cost Product A Product B Total
Activity 1 $25,530 950 200 1,150
Activity 2 $40,140 2,000 1,600 3,600
Activity 3 $10,649 150 250 400

The activity rate for Activity 2 is closest to:

a. 11.15
b. 20.07
c. 25.09
d. 42.25
Business
1 answer:
Korolek [52]2 years ago
4 0

Answer:

Activity 2= $11.15

Explanation:

Giving the following information:

Total Activity Activity Cost Pools Total Cost Product A Product B Total

Activity 2 $40,140 2,000 1,600 3,600

<u>To calculate the activity rate for Activity 2, we need to use the following formula:</u>

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

Activity 2= 40,140 / 3,600

Activity 2= $11.15

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Due to the impact that sudden events could have in the value of bonds, event risk covenants, or provisions, are included in the
Natalka [10]

Answer:

A puttable bond.

Explanation:

According to the corporate finance institute, "A puttable bond (put bond or retractable bond) is a type of bond that provides the holder of a bond (investor) the right, but not the obligation, to force the issuer to redeem the bond before its maturity date.   Puttable bonds are directly opposite to callable bonds."

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4 0
3 years ago
Bramble Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of
Ket [755]

Answer:

(A)

cash               110,000  debit

      common stock              5,000 credit

      additional paid-in CS   81,086 credit

      preferred stock            10,000 credit

      additional paid-in PS   13, 914 credit

(B)

cash               110,000  debit

      common stock               5,000 credit

      additional paid-in CS   90,000 credit

      preferred stock             10,000 credit

      additional paid-in PS      5,000 credit

Explanation:

Market Value

500 x 180 = 90,000  0,7826 CS

100 x 225 = 25,000  0, 2174 Preferred

total             115,000

Issuance:    110,000

Preferred: 21.74% of 110,000 = 23,914

face value:            100 x100     10,000

additional paid-in                     13,914

Common: 78.26% of 110,000 = 86,086

face value:          500 x 10      =   5,000

additional paid-in                        81,086

If we can only determinate the common stock:

total issuance - common stock = preferred stock

110,000 - 190 x 500 = 110,000 -  95,000 = 15,000 preferred stock

additional paid-in CS: 110,000 - 5,000 = 105,000

additional paid-in PS: 15,000 - 10,000 = 5,000

5 0
3 years ago
Which activity is not allowed in a 3 compartment sink
ryzh [129]

Three compartment sinks are used commercially by hotels or restaurants.

Each compartment in the sink is used for separate purpose.

First compartment is used for Washing the dishes, second one is used to rinse the dishes and the third one is used to sanitize the washers' hands.

The activities that are not allowed in these compartment are washing of cleaning clothes, washing of meat or vegetables, hand washing, throwing of wastes etc

5 0
2 years ago
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velikii [3]

Answer:

$855,000 yippie!!!

8 0
3 years ago
Sarah buys 500 shares of stock at $18 and sells the holding for a capital gain of $3,000. What was the share price at the time o
djverab [1.8K]

Answer:

$24

Explanation:

500 * 18 = $9000 worth of stock initially.

She sells with a $3000 gain, which means the value of the stock is $12000

12000/500 = $24

7 0
3 years ago
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