Answer:
Estimated manufacturing overhead rate= $32 per direct labor hour
Explanation:
Giving the following information:
At the beginning of the current year, management estimated that $672,000 in overhead costs would be incurred and the company would produce and sell 2,000 units of the flexible model and 10,000 units of the rigid model.
The flexible model requires 3.0 hour(s) of direct labor time per unit, and the rigid model requires 1.50 hour(s).
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base=
Estimated manufacturing overhead rate= 672,000/(2000*3 + 10000*1.5)= $32 per direct labor hour
Answer:
True
Explanation:
Mutually exclusive is a situation where two projects cannot be incorporated together. These are independent projects which needs to be selected based on their risk and return. The first step is to list the projects according to their initial investments.
Answer:
c. $900
Explanation:
The computation of the earnings before taxes (EBT) is shown below:
= Sales - operating costs other than depreciation - depreciation expense - outstanding bonds × interest rate
= $10,000 - $7,250 - $1,250 - $8,000 × 7.5%
= $10,000 - $7,250 - $1,250 - $600
= $900
We ignored the state income tax rate of 25% and the rest of the items would be taken for the computation part
Answer:
C. $20,000
Explanation:
Given the data below,
Property transfered = $200,000
Basis = $60,000
Return = 82℅
Fair market value = $180,000
Long term fair market value = $20,000
In the above scenario, we can safely say that Eileen realized gain of $140,000 on the transfer of property, which is due to;
Property worth $200,000 - basis $60,000 = $140,000.
However, because recognized gain cannot exceed the lesser of realized gain ($140,000) or the boot received ($20,000), the recognized gain is therefore $20,000
