Answer:
b. $4.00 per labor-hour
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = Estimated overhead ÷ Estimated labor hours
= $300,000 ÷ 75,000 labor hours
= $4.00 per hour
By dividing the estimated overhead by the estimated labor hours we can find out the predetermined overhead rate and we did the same in the above calculation
if a student leaves a book bag in class by accident and the professor takes possession to safeguard the bag, a bailment has been formed-True
<h3>bailment</h3>
A bailment is a form of the legal relationship that focuses on the contractual transfer of assets or property from a bailor to a baile who voluntarily but temporarily gives up possession but not complete ownership. Even though no contract is formalized, a bailment is a type of contractual relationship. The person receiving the property (the "bailee") has custody and control over it for a certain amount of time, during which he or she is responsible for taking reasonable care of it.
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<span>They originally felt that licensing would be the best first step. By letting other companies use their product in exchange for paying royalty fees, Bernerd was licensing its product out for those companies to take advantage of the company's name.</span>
A, the purpose of inspections is to verify there are not problems within the house itself whether those problems arise in the form of plumbing, electric, or the foundation to warn possible buyers.
Answer:
net income = $106,000
Explanation:
net income = total revenues - total expenses = $772,000 - $666,000 = $106,000
Any additional capital raised will increase the company's cash flows (financing activity) and any dividends distributed will decrease them (another financing activity), but they do not affect the company's net income.
