1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lisa [10]
2 years ago
7

The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicat

es that 9,400 direct labor-hours will be required in February. The variable overhead rate is $8.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $127,840 per month, which includes depreciation of $18,290. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for February should be: Multiple Choice $19.90 per direct labor-hour $22.20 per direct labor-hour $13.60 per direct labor-hour $8.60 per direct labor-hour
Business
1 answer:
just olya [345]2 years ago
7 0

Answer:

Predetermined manufacturing overhead rate= $22.2 per direct labor hour

Explanation:

Giving the following information:

Fixed manufacturing overhead= $127,840 per month

Estimated direct labor hours= 9,400

The variable overhead rate is $8.60 per direct labor hour

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (127,840 / 9,400) + 8.6

Predetermined manufacturing overhead rate= $22.2 per direct labor hour

You might be interested in
Accounts Randall Company estimates its bad debts expense by aging its accounts receivable and applying percentages to various ag
Crazy boy [7]

Answer:

Explanation:

The journal entry will be:

Debit: Bad debt expense $2500

Credit: Allowance for doubtful $2500

Then, we will calculate the net amount of account receivable that should be included in current assets which will be:

Account receivable = $128000

Less: Allowance for doubtful = $500 + $2500 = $3000

Net amount of account receivable = $125000

8 0
3 years ago
What is it called when any amount of money is debited (subtracted) from the checking account?
blsea [12.9K]
That is called withdrawal, glad to help!
<span />
3 0
3 years ago
Gateway Ltd sets up a company and in the first nine days of trading the following transactions occurred
valina [46]

1. The completion of the relevant ledger accounts for Gateway Ltd is as follows:

<h3>Cash Account</h3>

Date            Account Titles             Debit       Credit

January 1: Common Stock          $10,000

January 2: Inventory                                     $4,000

January 3: Delivery Van                               $2,000

January 5: Sales Revenue           $1,500

January 7: Accounts Payable                        $800

January 8: Rent Expense                              $200

Balance                                                       $4,500

<h3>Accounts Receivable</h3>

Date            Account Titles             Debit       Credit

January 6   Sales Revenue           $5,000

<h3>Inventory</h3>

Date            Account Titles             Debit       Credit

January 2    Cash                          $4,000

January 4    Accounts Payable       1,000

January 6   Cost of goods sold                   $5,000

<h3>Delivery Van</h3>

Date            Account Titles             Debit       Credit

January 3    Cash                         $2,000

<h3>Accounts Payable</h3>

Date            Account Titles             Debit       Credit

January 4    Inventory                                  $1,000

January 7    Cash                          $800

Balance                                         $200

<h3>Common Stock</h3>

Date            Account Titles             Debit       Credit

January 1     Cash                                         $10,000

<h3>Sales Revenue</h3>

Date            Account Titles             Debit       Credit

January 5   Cash                                            $1,000

January 6   Accounts Receivable                  5,000

Balance                                         $6,000

<h3>Cost of goods sold</h3>

Date            Account Titles             Debit       Credit

January 6    Inventory                  $5,000

<h3>Rent Expense</h3>

Date            Account Titles             Debit       Credit

January 8   Cash                            $200

2. The extraction of a trial balance for Gateway Ltd is as follows:

<h3>Trial Balance</h3>

As of January 9

Account Titles             Debit       Credit

Cash                            $4,500

Accounts Receivable   5,000

Delivery Van                2,000

Accounts Payable                         $200

Common Stock                           10,000

Sales Revenue                             6,500

Cost of goods sold     5,000

Rent Expense                200

Totals                      $16,700   $16,700

<h3>Data Analysis:</h3>

January 1: Cash $10,000 Common Stock $10,000

January 2: Inventory $4,000 Cash $4,000

January 3: Delivery Van $2,000 Cash $2,000

January 4: Inventory $1,000 Accounts Payable $1,000

January 5: Cash $1,500 Sales Revenue $1,500

January 6: Accounts Receivable $5,000 Sales Revenue $5,000

January 7: Accounts Payable $800 Cash $800

January 8: Rent Expense $200 Cash $200

Learn more about extracting a trial balance at brainly.com/question/14604253

6 0
2 years ago
For the cost and price functions below, find
murzikaleks [220]

Answer:

a) The number, q, of units that produces maximum profit = 15

b) The price, p, per unit that produces maximum profit = 47 (currency not giben in the question)

c) Maximum Profit = P = 380 (currency not given in the question).

Explanation:

The cost function and price per unit function are given respectively as

C(q) = 70 + 17q

p = 77 - 2q

where q = quantity or number of units

a.) the number, q, of units that produces maximum profit

Total cost = C(q) = 70 + 17q

Revenue = (price per unit) × (Number of units) = p × q = (77 - 2q) × q = (77q - 2q²)

Profits = P(q) = (Revenue) - (Total Cost)

P(q) = (77q - 2q²) - (70 + 17q)

P(q) = -2q² + 60q - 70

To maximize the profits, we just obtain the point where the profit function reaches a Maximum.

At the maximum of a function, (dP/dq) = 0 and (d²P/dq²) < 0

Profit = P(q) = -2q² + 60q - 70

(dP/dq) = -4q + 60

At maximum point,

(dP/dq) = -4q + 60 = 0

q = (60/4) = 15

(d²P/dQ²) = -4 < 0 (hence, showing that the this point corresponds to a maximum point truly)

Hence, the number, q, of units that produces maximum profit = 15.

b.) the price, p, per unit that produces maximum profit

The price per unit is given as

p = 77 - 2q

Maximum profit occurs at q = 15

p = 77 - (2×15) = 47

Hence, the price, p, per unit that produces maximum profit = 47 (currency not given in the question)

c.) the maximum profit, P.

The Profit function is given as

Profit = P(q) = -2q² + 60q - 70

At maximum Profit, q = 15

Maximum Profit = P(15)

= -2(15²) + 60(15) - 70

= 380 (currency not given in the question).

Hope this Helps!!!

8 0
3 years ago
Universal containers(us) has an integration with its accounting system that creates tens of thousands of orders inside salesforc
crimeas [40]

Answer:

Process builder with an Autolaunched Flow.

Explanation:

This builder here save your users’ time and make sure required tasks are being done. It also improves the quality of your data. Making you the superhero of Universal containers as a whole which your company deserves.

Secondly, these practices are often unique to your business, which makes it hard to find an out of the box solution that exactly meets your requirements. Maybe your company is a high touch call center with specific scripts that your agents need to follow based on a customer’s account data. Maybe you have a practice in place where your salespeople should always, always, create a work order after a deal closes. Or maybe you have a task that your users do over and over and over again, and if you can find a way to shave a few minutes off that task, you can save hundreds of person hours over the course of a year.

7 0
2 years ago
Other questions:
  • Currently Ark is charged $3,144,267 Depreciation on the Income Statement of Andrews. Andrews is planning for an increase in this
    13·1 answer
  • Outline one factor that might be helpful about having a clear target market
    15·1 answer
  • The following data has been provided for a compan most recent year of operations:
    11·1 answer
  • "The management team at Mercury, a department store, has received feedback from the customer service department that the store's
    6·1 answer
  • Jacob Corcoran bought 10,000 shares of Grebe Corporation stock two years ago for $24,000. Last year, Jacob received a nontaxable
    14·1 answer
  • Will give brainliest
    10·2 answers
  • Market equilibrium is: Select one: a. the point at which a nation reaches full employment b. the time period used to determine t
    15·1 answer
  • HELP ME WITH MY ASSIGNMENT GUYS
    13·1 answer
  • Specifics
    9·1 answer
  • Which of these social sciences deals most with models of behavior rather than with thought processes?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!