Should the U.S. trade with Canada? If so, what should be imported and what should be exported?

The master budget of Sheridan Company shows that the planned activity level for next year is expected to be 50000 machine hours.

barxatty [35]

Answer:

$1,350,000

Explanation:

Calculation to determine the total manufacturing overhead costs

First step is to calculate the Variable overhead

Variable overhead= $720,000 + $180,000 +$150,000

Variable overhead=$1,050,000

Second step is to calculate Unitary variable overhead

Unitary variable overhead= $1,050,000/50,000

Unitary variable overhead= 21

Now let calculate the total manufacturing overhead costs

For 60,000 units:

Total Manufacturing Overhead Costs = 21*60,000 + 90,000

Total Manufacturing Overhead Costs= $1,350,000

Therefore the total manufacturing overhead costs is $1,350,000

6 0

3 years ago

At year-end (December 31), Chan Company estimates its bad debts as 0.30% of its annual credit sales of $673,000. Chan records it

Rudiy27

Answer:

bad debt expense 2,019 debit

allowance for uncollectible amount 2,019 credit

--to record estimated bad debt expense--

allowance for uncollectible amount 337 debit

accounts receivables 337 credit

--to record write-off of P.Park Account--

accounts receivables 337 debit

allowance for uncollectible amount 337 credit

--to reverse write-off of P-Park account--

cash 337 debit

accounts receivables 337 credit

--to record collection of P-Park account--

Explanation:

bad debt expense 673,000 x 0.30% = 2,019‬

The write off decreases both, the allowance and accounts receivables

As Park pay up his old debt, the entry is reversed. Then we record the collection as normal.

6 0

3 years ago

When Carlos Bustamante received the Alumni of the Year award at his alma mater's annual award dinner, he gave a speech thanking

Angelina_Jolie [31]

Answer: Option B

Explanation: In simple words, acceptance speech refers to the speech that is made by an individual generally after receiving award or similar honor as such.

In such a speech the receiving party shows gratitude and tries to connect with their audience by showing sentiments and proud of receiving the award. These speeches are usually very brief and to the point but sometimes an extension is made by the deceiving party, stating some past events or making motivational statements to the audience.

In the given case, Carlos revived the award and thanked the school authority. Hence from the above we can conclude that the correct option is B.

7 0

3 years ago

Assume mark-up percentage equals desired profit divided by total costs. What is the correct calculation to determine the dollar

UkoKoshka [18]

Answer:

C. Total cost per unit times mark-up percentage per unit

Explanation:

The mark-up percentage is assumed to be computed by dividing the desired profit by the total cost.

The dollar amount of the mark-up per unit shall be computed by multiplying the total cost per unit with the markup percentage per unit.

The selling price of the product can be computed by adding the mark-up per unit to the cost price of each unit.

8 0

3 years ago

Consider the borrowing rates for Parties A and B. A wants to finance a $100,000,000 project at a FIXED rate. B wants to finance

QveST [7]

Answer:

party A will pay floating rate while party B will pay fixed rate

Explanation:

For A

Sources at floating rate = prime 1%

received fixed rate = 8.9%

For B

sources fixed rate = 8.9%

Received floating rate = prime 1%

For a mutually beneficial interest only swap that makes money for A,Band the swap bank in equal measure, the party A will pay floating rate while party B will pay fixed rate

4 0

3 years ago