Preferred dividends = preferred shares x Par value of 1 preferred stock x Preferred dividend rate
Preferred dividend = 6000 shares x 11% x $2 = $1320
Total dividend paid in year 1= $640
Preferred stockholders will receive a cash dividend of $640 in the first year. Because preferred stocks are not cumulative, there will be no preferred stock divided in arrears in year 1.
Arrear of dividends = $1320 - $640 = $680
Total dividend in year 2 = $2190
Dividend paid on common stock in year 2 = dividend paid in year 2 - Annual preferred dividends
=> 2190 - 1320 = $870
Answer:
The correct answer is C.
Explanation:
Giving the following information:
The budgeted direct labor cost and factory overhead for the previous fiscal year were $1,000,000 and $800,000, respectively.
Job 352A
Direct material= $32,000
Labor costs= $45,000
First, we need to calculate the predetermined manufacturing overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 800,000/1,000,000= $0.8 per direct labor dollar
Now, we can calculate the total cost:
Total cost= direct material + direct labor + allocated MOH
Total cost= 32,000 + 45,000 + (0.8*45,000)= $113,000
Answer:
Budget
Explanation:
You're sorting out your investments and spending habits. Often sorting out all of your needs to fit in a well <em>balanced </em>budget
The value added is 0, because if we added the value they spend on sugar and the other supplies and etc. it will be $1,000
Answer:
A.
Room and meals= $240 per day
Radiology = $215 per image
Pharmacy = $50 per physician order
Chemistry lab = $80 per test
Operating room = $1,000 per operating room hour
B.
<u>Patient Putin</u>
Unit = $1,585
Total = $10,640
<u>Patient Umit</u>
Unit = $1,585
Total = $6,025
Explanation:
Activity rate = Total Overhead Cost / Total Activity
Room and meals= $240 per day
Radiology = $215 per image
Pharmacy = $50 per physician order
Chemistry lab = $80 per test
Operating room = $1,000 per operating room hour
<u>Patient Putin</u>
Unit Total
Room and meals $240 $1,440
Radiology $215 $860
Pharmacy $50 $300
Chemistry lab $80 $40
Operating room $1,000 $8,000
Total $1,585 $10,640
<u>Patient Umit</u>
Unit Total
Room and meals $240 $960
Radiology $215 $645
Pharmacy $50 $100
Chemistry lab $80 $320
Operating room $1,000 $4,000
Total $1,585 $6,025
