Answer:
c. $50,400
Explanation:
The computation of the interest expense is shown below:
= Borrowed amount × rate of interest
= $480,000 × 10.5%
= $50,400
hence, the interest expense is $50,400
Therefore the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
All the following are advantages of ERP systems except: ______
c. moderate to low cost
Explanation:
Enterprise resource planning (ERP) integrates the important parts of their businesses and reduces the time and efforts required to do work. A good ERP system enables teams to focus on revenue-generating tasks by eliminating repetitive tasks. But, these advantages come at some steep costs, especially in initial infrastructure and continuous maintenance.
Answer:
d. The price will stay the same, but the quantity will increase.
Explanation:
When the demand and supply both fall, the equilibrium quantity will definately fall but the price will remain the same. The new supply adapts to the reduction of the demand.
Answer:
Estimated manufacturing overhead rate= $160 per direct labor hour
Explanation:
Giving the following information:
Estimated overhead= $640,000
Estimated direct labor hours= 4,000
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 640,000/4,000
Estimated manufacturing overhead rate= $160 per direct labor hour
Answer:
The correct answer is a. True.
Explanation:
A company may use several different cost drivers to allocate its indirect costs. In ABC system indirect cost/FOH are divided into various activities that is material procurement, inspection and maintenance cost and cost is allocated to each product based on different cost driver assign to each activity. The cost drivers for above specified cost activities can be number of purchase orders, inspection hours and number of break downs respectively.
