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marta [7]
3 years ago
10

Braam Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct

labor-hours were 11,500 hours. At the end of the year, actual direct labor-hours for the year were 9,700 hours, the actual manufacturing overhead for the year was $143,350, and manufacturing overhead for the year was underapplied by $18,220. The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been: (Do not round your intermediate calculations.)
Business
1 answer:
photoshop1234 [79]3 years ago
4 0

Answer:

$20,000.

Explanation:

Step 1 : Applied overheads

Applied overheads  = $143,350 - $18,220 = $125,130

Step 2 : Overhead rate

Overhead rate = $125,130 / 9,700  = $12.90

The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been $20,000.

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Dr. Lum teaches part-time at two different community colleges, Hilltop College and Serra College. Dr. Lum can teach up to 5 clas
Scrat [10]

Answer:

2 classes at Hilltop, 3 classes at Serra; and $20,600

Explanation:

We can generate two equations from the problem

Equation 1: Dr. Lum can teach up to 5 classes per semester at both colleges. If 'h' represents the number of classes taken at Hilltop College, and 's', the number of classes taken at Serra College,

<em>Equation 1 becomes: h + s = 5</em>

<em></em>

Equation 2: Dr. Lum spends 3 hours per week preparing for Hilltop classes, and 4 hours for Serra classes, subject to a maximum of 18 hours per week.

<em>Equation 2 becomes: 3h + 4s = 18</em>

Now solving using substitution method,

We can derive an equation 3 from equation 1, as follows.

<em>Equation 3: h = 5 - s.</em>

Substituting equation 3 into equation 2, equation 2 becomes

3(5 - s) + 4s = 18

= 15 - 3s + 4s = 18

= 15 + s = 18

= s = 3.

With s = 3, using equation 3, h = 5 - 3 = 2.

Therefore, Dr. Lum should teach 2 classes at Hilltop, and 3 classes at Serra.

His income will be

$4,000 (2) + $4,200 (3)

= $20,600.

3 0
3 years ago
Marlon intends to sell a piece of real estate he owns and contracts Nita, a real estate broker, to make the sale. In the contrac
Lina20 [59]

Answer:

D) express agency

Explanation:

From the question, we are informed about Marlon who intends to sell a piece of real estate he owns and contracts Nita, a real estate broker, to make the sale. In the contract, Marlon authorizes Nita to make the sale at or above a minimum price he wants and the date by which he wants the sale to be completed. The contract also stipulates that Marlon should not hire another broker to sell that piece of land till the expiry of the contract period. Nita finds a suitable buyer, makes the sale in time, and is paid by Marlon for her services. In this case, the types of agency had Marlon and Nita entered into is express agency. Express agency can be regarded as an agency that is been set up through an oral or a written agreement that exist between agent and principal. This gives indication of their express intent as regards this representational status. In this agency, the written or spoken words of the principal is used in authorizing the agent so that he can to act on behalf of the principal. An agency can be regarded as contract which could be express or implied.

3 0
3 years ago
How should a destroyed check by recorded in a check register?
Jet001 [13]
Destroyed checks should be recorded in the checkbook register as "void."

Hope that helps :)
7 0
4 years ago
Tweedie Company reported the following in the long-term asset section of its balance sheet. They did not purchase or sell any eq
ser-zykov [4K]

Answer:

Tweedie Company

The total Depreciation Expense that Tweedie recorded in Year 2 is $20,000.

The total Amortization Expense that Tweedie recorded in Year 2 is $4,500.

Explanation:

a) Data and Calculations:

                                       Dec. 31, Year 2      Dec. 31, Year 1   Depreciation

                                                                                                    Expense

Equipment, net                  $167,500                   $187,500     $20,000

Patent, net                             88,000                     92,500           4,500

Equipment depreciation  $120,000                 $ 100,000     $20,000

Patent amortization            $31,500                    $27,000         4,500

b) Note that the depreciation and amortization expenses can be computed from the net balances or from the depreciation and amortization expenses for the two years respectively.

3 0
3 years ago
Suppose the Fed bought $150 million of U.S. securities from the public. The reserve requirement is 20 percent, and there are no
geniusboy [140]

Answer: $750 million

Explanation:

From the question, we re informed that

the Fed bought $150 million of U.S. securities from the public and that the reserve requirement is 20 percent. It should be noted that there will be an increase in the bank reserves by $150 million.

Money multiplier = 1/reserve requirement = 1/20% = 1/0.2 = 5

The increase in the money supply will be the excess reserves created multiplied by the multiplier. This will be:

= $150 million × 5

= $750 million

Therefore, the money supply will increase by $750 million

8 0
4 years ago
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