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malfutka [58]
3 years ago
13

Capalbo Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning o

f the most recently completed year, the company estimated the labor-hours for the upcoming year at 52,000 labor-hours. The estimated variable manufacturing overhead was $2.78 per labor-hour and the estimated total fixed manufacturing overhead was $1,192,360. The actual labor-hours for the year turned out to be 52,600 labor-hours. The predetermined overhead rate for the recently completed year was closest to:______.
a. $2.78
b. $25.45
c. $25.71
d. $22.93
Business
1 answer:
Leokris [45]3 years ago
4 0

Answer:

Predetermined overhead Absorption rate = $22.93. per labour hour

Explanation:

Predetermined Overhead absorption rate(POAR) = Estimate overhead /Estimated labour hours  

Estimated overhead = $1,192,360

Estimated labour hours =52,000 hours  

Overhead absorption rate = $1,192,360/52,000 hours =$22.93 per labour hour

Predetermined overhead Absorption rate = $22.93. per labour hour

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Grey owns the surface rights for High Desert Ranch, which includes a house, a bunkhouse, and two barns. Industrial Mining Inc. o
Maslowich

Answer:

Industrial Mining

Explanation:

Industrial Mining is the one who is responsible for the damage as the industrial mining is the company who owns the project for drilling in the surface rights and to extract the oil but due to drilling wrongly, it leads to the surface subsides and the structure collapsed where as the Grey is not responsible as it owns the surface rights for the High desert bunch comprise of bunk house and house.

6 0
4 years ago
When reporting operating activities in a statement of cash flows, depreciation is: Multiple Choice ignored in the indirect metho
snow_tiger [21]

Answer:

added back to net income in the indirect method

Explanation:

Depreciation is an expense indicating a reduction in the value of the capital assets due to tear and wear, obsolescence, consumption, time span, etc. It's shown on the income statement debit side. It is a non-cash item that has no effect on the cash balance.

So while reporting operating activities using indirect method we added back the depreciation expense to net income

5 0
3 years ago
Last year, Johnson Mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. Th
fenix001 [56]

Answer:

Depreciation expense = 2,900

Explanation:

Our goal would be to construct the formula where depreciation expense is and then increase deepth until find something we can work:

$$Revenue - Expenses = Net Income

Expanding expenses we find depreciation expense

$$Revenue - COGS - Admin Expense - Dep Expense = Income Before Taxes

Here we don't Know Income Before taxes so we have to work that first

$$Income Before Taxes x (1-tax rate) = Net Income

Here we don't Know Net Income taxes so we have to work that first

$$Net Income - Dividends = change in Retained Earnings

Here we got the other component of the formula, so it is possible to solve for net income and from there achieve the answer

Net income = 2,810 + 700 = 3,510

Income before taxes = 3,510/0.65 = 5,400

37,800 - 23,200 - 6,300 - dep expense = 5,400

dep expense = 2,900

\ $Net income = 2,810 + 700 = 3,510 \\Income before taxes = 3,510/0.65 = 5,400\\37,800 - 23,200 - 6,300 - dep expense = 5,400\\dep expense = 2,900

7 0
4 years ago
How much water needs to be mixed with three liters of
irinina [24]

Answer:

The volume of water needed=0.86 liters

Explanation:

Step 1: Form an equation

The equation can be expressed as follows;

(Ac×Va)+(Wc+Vw)=Fc(Va+Vw)

where;

Ac=initial concentration of antifreeze

Va=volume of antifreeze in liters

Wc=concentration of water

Vw=volume of the water in liters

Fc=final concentration of the antifreeze

This expression can be written as;

(concentration of antifreeze×volume of antifreeze in liters)+(concentration of water×volume of the water)=final concentration of the antifreeze(volume of antifreeze in liters+volume of the water in liters)

In our case;

Ac=45%=45/100=0.45

Va=3 liters

Wc=0

Vw=unknown

Fc=35%=35/100=0.35

Replacing;

(0.45×3)+(0×Vw)=0.35(3+Vw)

1.35=1.05+0.35 Vw

0.35 Vw=1.35-1.05

0.35 Vw=0.30

Vw=0.3/0.35=0.86

Vw=0.86 liters

The volume of water needed=0.86 liters

5 0
4 years ago
Kirsten is experiencing a great deal of anxiety about her first Algebra II test. "I know that Mr. Dade has a reputation for bein
topjm [15]

Answer:

Stereotype threat

Explanation:

Stereotype refers to preconceived perspective about a particular people or group. Stereotype threat, coined by Claude Steele and Joshua Aronson, refers to a way a person behaves that tend to confirms the negative stereotype about a particular race, gender and others. In Kristen's case the added stress generated by her anxiety about the Algebra II test  as a result of the supposedly tough teacher coupled with the preconceived notion that girls are not good in math may lead to her actually failing the test or performing badly. If this feeling were to be removed she may not actually fail or perform poorly in the exam.

6 0
3 years ago
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