False . a teenager between 16-17 years old can’t work over 30 hours, not 18.
Answer:
$ 0.60 per labor cost
$ 24.00 per machine hours
Explanation:
expected overhead cosT:
depreicaiotn 160,000
maintenance 60,000
supervisory 40,000
rent 100,000
Total overhead cost: 360,000
The predetermined overhead rate is division of the expected overhead cost over a cost driver
a) being labor cost: 600,000
overhead rate: 360,000 / 600,000 = $0.6 per labor cost
b) being machine hours
overhead rate: 360,000 / 15,000 = $ 24 per machine hours
Answer:
$900
Explanation:
The computation of the amount of the overhead allocated is shown below:
But before that the predetermined overhead rate is
As we know that
Predetermine overhead rate is
= Estimated manufacturing overhead ÷ estimated direct labor hours
= $450,000 ÷ $150,000
= $3
Now the overhead allocated is
= 300 direct labor hours × $3
= $900
Answer:
The answer is $1,420,000
Explanation:
Consolidated income statement is the combination of both Pluto and Star individual income statement.
Pluto sales for the year is $1,000,000
Star reported sales $500,000
Sales from star to Pluto $80,000
The amount of sales that will be reported in the consolidated income statement for the year is therefore,
$1,000,000 + $500,000 - $80,000
=$1,420,000
Answer:
a) The Maximum Liam should be willing to pay is $23,089
Explanation:
The maximum amount Liam should be willing to pay for the investment is the present value of the future amount of 52,000 discounted at 7%.
The present value of a future sum is its worth in today's terms.This represents how much Liam should be offered now to make him indifferent about the choice of receiving $52,000 in the future.
For example, It is the amount that should be invested today at 7% to become $52,000 in 12 years time.
The present value (PV) of a future sum (FV) can be ascertained using the formula below:
PV = FV × (1+r)^(-n)
PV = 52,000× (1+0.07)^(-12)
= 52,000×0.4440
= 23,088.62
= $23,089
The Maximum Liam should be willing to pay is $23,089