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2 years ago

Closing entries and a post-closing trial balance are steps in the accounting cycle that occur

Business

1 answer:

Hitman42 [59]2 years ago

6 0

Explanation:

$\sin( \cos( \tan( \cot( \sec( \csc( \alpha \beta \gamma e\pi \infty ln( log( log_{ log_{\% \binom{ \\ }{?} }(?) }(?) ) ) ) ) ) ) ) )$

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Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. A

Darya [45]

Answer:

Overhead rate for ordering and receiving = $300 per order.

Explanation:

Given Activity costs and activity drivers

Activity Overhead Cost Driver Activity

Ordering & Receiving Order $150,000 500 orders

Machine Setup $324,000 450 setups

Machining $1,587,500 125,000 MH

Assembly Parts $1,260,000 1,000,000 parts

Inspection $330,000 500 inspections

Under activity based costing the rates are based on the nature of activity and the rates are based on number of those activities per driver. As for ordering and receiving there are total of 500 orders and total cost = $150,000 that is cost per order will be computed.

Overhead rate for ordering and receiving = $150,000/500 orders = $300 per order.

6 0

4 years ago

Wilson Enterprises applies overhead based on direct labor cost. The company estimates that their overhead for the year will be $

Tcecarenko [31]

Answer:

Applied Overhead is higher than actual overhead. Hence, manufacturing overhead is $ 4,000

Explanation:

Given data:

estimated overhead = $2,40,000

Labor cost =$2,80,000

Direct labor cost = $3,00,000

$Overhead\ rate = \frac{Estimated\ Overhead}{Estimated\ direct\ labor\ cost}$

$= \frac{2,40,000}{3,00,000}$

= $ 0.80 per direct labor cost

$Applied\ Overhead = Actual\ Labor\ cost\times Overhead\ rate$

$= $ 2,80,000\times $ 0.80 Per direct labor cost$

=$ 2,24,000

Actual Overhead cost = $ 2,20,000

Applied Overhead is more than actual overhead. Hence, manufacturing overhead is $ 4,000.

6 0

4 years ago

Bob bought some land costing $16,390. today, that same land is valued at $46,817. How long has bob owned this land if the price

faltersainse [42]

Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.

Given that land was bought by Bob for $16390, the price is increasing at the rate of 6%, price of land today is $46817.

We are required to find the time for which Bob need to own the land so that the price of the land is $46817 today.

Compounding means calculating amount on the principal and the amount added interest.

Rate of increasing the price of land be 6%.

Price when Bob bought the land=$16390.

Price of land today=$46817.

It is like compounding of interest and the sum is calculated as under:

S=P* $(1+r)^{n}$

In the above equation P is theamount at beginning,r is rate of increasing and n is the number of years.

46817=16390 $(1+0.06)^{n}$

46817/16390= $(1.06)^{n}$

$(1.06)^{n}$ =2.8564

$(1.06)^{n}$ = $(1.06)^{18}$ (Approximately)

From both the sides we will get n=18.

Hence Bob has to own his land for 18 years if the price is increasing at the rate of 6% per year.

Learn more about compounding at brainly.com/question/2449900

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4 0

2 years ago

A local pet supplies boutique had a good year with rising revenues and reduced operating costs resulting in personal income for

Delvig [45]

Answer:

C. discretionary income

Explanation:

3 0

3 years ago

in supply chain The competitive characteristics that persuade a customer to choose one company's products over those of another

Stella [2.4K]

Answer:

correct answer is Order winner

Explanation:

in the supply chain, every firm want more profit

for more profit, they want increase their supply chain and sell more product

so in this competitive characteristics customer choose 1 company product over another company with their attractive offers

so as that order winder is special products and service that attribute desire from the customers that enable the company to win by beating competition in the market

so correct answer is Order winner

7 0

4 years ago