Given <span>that Marucs lays a slab of concrete in 6 hours and Tony lays the same slab in 4 hours. If both work on the job, the number of hours it will take them to lay the slab is given by:
Given that </span><span>the cost of labor is $44.00 per hour, t</span>herefore, <span>the labor estimate should be 2.4 </span>x 44 = $105.60 per slab.
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Answer:
e. under-applied by $4,000
Explanation:
The overhead rate was calcualte considering labor cost:
144,000 / 240,000 = 0.60
Each dollar of labor cost applies 60 cent of overhead
applied overhead:
$220,000 labor cost x 0-60 each = 132,000 applied overhead
now we compare against the 136,000 actual overhead
as we didn't met the value and fell short, we have underapplied the overhead.
Answer:
Arbitrary allocation.
Explanation:
Arbitrary allocation is a method where costs budgeted are not based on any precise measurement,hence accurate costs could not be arrived at.
This approach to budgeting breeds inefficiencies as the accurate budgeting is expected to lead to accurate costing of products as well as pricing.
All in all,the true profitability of a business cannot be ascertained.
Finally,the organization adopting this type of approach needs to change to other accurate methods of budgeting such incremental or rolling budgeting.
Answer:
Cash flow from operating activities 284,500
Explanation:
net income 270,000
change in AR
17,000- 9,500 = 7,500(A)
change in AP
28,000 - 21,000 = 7.,000(B)
total change in working capital 14,500
Cash flow from operating activities 284,500
(A)
The account receivable decrease over time this means the account were collected, whch increase cash
(B)
The account payable increase, which means the company receive cash or delay the payment of cash for this period of time. Therefore, the cash increase.
