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umka21 [38]
3 years ago
8

A company estimates that overhead costs for the next year will be $8,500,000 for indirect labor and $164,500 for factory utiliti

es. The company uses machine hours as its overhead allocation base. If 490,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? (Round your answer to two decimal places.)
Business
1 answer:
Georgia [21]3 years ago
7 0

Answer:

$17.68 per machine hour.

Explanation:

Plant Overhead rate per machine hour = $8,500,000 + $164,500 / 490,000 machine hours

Plant Overhead rate per machine hour = $8,664,500 / 490,000 machine hours

Plant Overhead rate per machine hour = $17.68265306122449

Plant Overhead rate per machine hour = $17.68 per machine hour.

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Which of the following statements indicate a disadvantage of using the regular payback period (not the discounted payback period
Olin [163]

Answer:

A & C are correct

Explanation:

Payback period is a capital budgeting technique used to determine the number of years it would take a project cash inflows to fully recover the initial amount invested. Since it involves basic addition of subsequent expected cash inflows to determine at what point in time the balance changes from negative to positive ,regular payback period does not take into account the time value of money.

Additionally, payback period determination ignores future cashflows after the balance has changed from negative to positive. Due to this reason, it does not take into account the project's entire life.

6 0
3 years ago
California Closets is a maker of closet organizers and custom storage solutions. Its products are designed for people who live i
Sonja [21]

Answer:

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Explanation:

8 0
4 years ago
SDJ, Inc., has net working capital of $2,135, current liabilities of $5,320, and inventory of $2,470.SDJ, Inc., has net working
vfiekz [6]

Answer:

1)

Net working capital = Current assets - current liabilities

2,135 = Current assets - 5,320

Current assets = 7,455

Current ratio = Current assets / current liabilities

Current ratio = 7,455 / 5,320

Current ratio = 1.40

2)

Quick ratio = (Current assets - inventory) / current liabilities

Quick ratio = (7,455 - 2,470) / 5,320

Quick ratio = 0.94

6 0
3 years ago
New Furniture. Penny purchased $3,000 worth of furniture from Bob's furniture shop. Through an arrangement with Bob, Penny finan
Vlada [557]

Answer:

Please consider the following explanation.

Explanation:

Bob is correct in this case as Penny didn't make a claim that the goods were non-conforming. Penny is incorrect. Since there was no claim of non conformance, Bob doesn't have to refund the $3.000.

8 0
3 years ago
True or false: An EAP only contains information on what happens during an emergency.
uysha [10]
Pretty sure it’s false
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3 years ago
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