Piperrockelle is my fav persen

Wilson Enterprises applies overhead based on direct labor cost. The company estimates that their overhead for the year will be $

Tcecarenko [31]

Answer:

Applied Overhead is higher than actual overhead. Hence, manufacturing overhead is $ 4,000

Explanation:

Given data:

estimated overhead = $2,40,000

Labor cost =$2,80,000

Direct labor cost = $3,00,000

$Overhead\ rate = \frac{Estimated\ Overhead}{Estimated\ direct\ labor\ cost}$

$= \frac{2,40,000}{3,00,000}$

= $ 0.80 per direct labor cost

$Applied\ Overhead = Actual\ Labor\ cost\times Overhead\ rate$

$= $ 2,80,000\times $ 0.80 Per direct labor cost$

=$ 2,24,000

Actual Overhead cost = $ 2,20,000

Applied Overhead is more than actual overhead. Hence, manufacturing overhead is $ 4,000.

6 0

4 years ago

William and Theodore have decided to start a travel business called Excellent Adventures. Since their business primarily involve

likoan [24]

Answer:

Corporation

Explanation:

The reason is that the company provides laibility shield and also a great opportunity to raise finance through listing in the stock exchange. Furthermore the tax rates in the limited partnerships is higher than the companies required that the profits are not distributed to its shareholders. However in the corporation legal form can be used to defer the income tax by not issuing dividends and reinvesting that money in the business (Tax benefits).

So the best legal form of business is corporation.

4 0

3 years ago

An example of an external document that provides reliable information for the auditor is a(n) A. purchase order for company pur

photoshop1234 [79]

Answer:

B. bank statement.

Explanation:

A bank statement is a document provided by a bank once a month to its customers, listing the transactions made by an user in a bank account.The statement provides the following information: The beginning cash balance in the account. + The total amount of each deposited batch of checks and cash.

4 0

3 years ago

The Coca-Cola Company and PepsiCo, Inc. provide refreshments to every corner of the world. Suppose selected data from recent con

Shalnov [3]

Answer:

Please find the detailed answer in the explanation section.

Explanation:

1. Current ratio = total current assets ÷ total current liabilities

For Coca-cola: $17,551 ÷ 13,721

= 1.28

For Pepsi : $12,571 ÷ $8,756

= 1.44

2.Accounts receivable turnover times times = Net sales ÷ average (net) accounts receivable

For Coca-cola: $30,990 ÷ $3,424

= 9.1

For Pepsi : $43,232 ÷ $4,654

= 9.3

3. Average collection period days days = (Accounts Receivable ÷ Net sales ) x 365 days

For coca-cola: ($3,424 ÷ 30,990) x 365 days

=40.3 days

For pepsi: ($4,654 ÷ $43,232) x 365 days

= 39.3 days

4. Inventory turnover times = Sales ÷ Inventory

For Coca-cola: $30,990 ÷ $2,271

=13.6

For Pepsi: $43,232 ÷ $2,570

=16.8

5.Days in inventory days = (Average Inventory ÷ Cost of sales) x 365 days

For Coca-cola: ($2,271 ÷ $11,088 ) x365 days

=74.8 days

For Pepsi: ($2,570 ÷ $20,099 ) x365 days

=46.7days

4 0

3 years ago

Senator Smith says that in order to help poor countries develop, the United States should:

Anuta_ua [19.1K]

Answer:

These two are very good ideas to reduce poverty in poor countries:

2) reduce or eliminate subsidies to U.S. producers when poor countries have a comparative advantage producing those goods U.S. subsidizes.

3) Work to improve agriculture in poor countries.

Explanation:

Numeral 2 is a good idea because it would help poor countries produce those goods they have a comparative advantage in, and export some of the production to other countries, including the U.S., bringing much needed income to the population.

Numeral 3 is also a very good idea to implement, because poor countries usually have inefficient agriculture, in some cases, so inefficient that a part of the population has poor nutritrion. Improving agriculture in poor countries helps feed the population, and also export the excess produce abroad.

7 0

3 years ago