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mamaluj [8]
3 years ago
5

Assume (1) a predetermined overhead rate of $8.00 per machine-hour, (2) actual machine-hours worked during the period of 54,000

hours, and (3) estimated machine-hours to be worked during the coming period of 55,000 hours. The amount of overhead applied to production during the period is closest to:
Business
1 answer:
rodikova [14]3 years ago
7 0

Answer:

Allocated MOH= $432,000

Explanation:

Giving the following information:

Predetermined overhead rate of $8.00 per machine-hour

Actual machine-hours worked= 54,000 hours

<u>To calculate the allocated overhead, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8*54,000

Allocated MOH= $432,000

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Compute the payback period for each of these two separate investments:
musickatia [10]

Answer:

1.89 years and 2.91 years

Explanation:

The formula to compute the payback period is shown below:

= Initial investment ÷ Net cash flow

For first case

The initial investment is $260,000

And, the net cash flow is shown below:

= Depreciation + incremental after tax income

where,

Depreciation equals to

= (Original cost - residual value) ÷ (useful life)

= ($260,000 - $10,000) ÷ (4 years)

= ($20,000) ÷ (4 years)  

= $62,500

And the incremental after tax income is $75,000

So, the net cash flow would equal to

= $62,500 + $75,000

= $137,500

So, the payback period would be

= $260,000 ÷ $137,500

= 1.89 years

For second case

The initial investment is $170,000

And, the net cash flow is shown below:

= Depreciation + incremental after tax income

where,

Depreciation equals to

= (Original cost - residual value) ÷ (useful life)

= ($170,000 - $14,000) ÷ (9 years)

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= $17,333

And the incremental after tax income is $41,000

So, the net cash flow would equal to

= $17,333 + $41,000

= $58,333

So, the payback period would be

= $170,000 ÷ $58,333

= 2.91 years

5 0
3 years ago
Gullett Corporation had $37,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additiona
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Answer: See explanation

Explanation:

The journal entry to record the purchase of raw materials is analysed below:

November:

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Cr Cash or account payable $86000

It should be noted that as the raw material is increasing, the raw material account will be debited while as the cash or account payable I decreasing, it is credited.

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3 years ago
When writing a business plan, it
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True or false: account analysis involves a detailed analysis of what cost behavior should be, based on an industrial engineer's
lana66690 [7]

We can actually deduce here that "account analysis involves a detailed analysis of what cost behavior should be, based on an industrial engineer's evaluation" is false.

<h3>What is account analysis?</h3>

Account analysis is actually known as the process of a detailed line of items that are recorded in the financial statement are closely evaluated and examined by a professional auditor or accountant.

When account is analyzed, it helps account owners to easily identify trends. It also shows how an account is performing.

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