which type of managers of a business must answer to a board of directors regarding the company's fiscal performance

Jake’s Battery Company has two service departments, Maintenance and Personnel. Maintenance Department costs of $160,000 are allo

Inga [223]

Answer:

D. $96,000

Explanation:

We will allocate the cost on maintenance by first stablishing a rate per maintenence hour:

As this is direct method we aren''t doing an allocation to other service department we directly allocate against production department A and B

total hours: 480 + 320 = 800

160,000 total cost /800 hours = 200 per hour

Department B hours: 480

allocate to department B: 480 x 200 = 96,000

5 0

4 years ago

The direct labor rate for Brent Corporation is $9.00 per hour, and manufacturing overhead is applied to products using a predete

Paladinen [302]

Answer:

1.- first question D. Beginning WIP: $8,500

2.- second question A raw materials used. $63,000

3.- third quesion B. $21,700 actual overhead

Explanation:

Balance in May 1st

4,000 direct materials

300 hours x $9 labor rate = 2,700

300 hours x $6 overhead rate = 1,800

Total 8,500

We have to calculate the total cost for materials added for the month

beginning + purchase - used into production = ending

We are given the fact that balance decrease by 3,000 so

ending - beginning = -3,000

we post that into the formula:

purchase - used into production = ending - beginning

60,000 - production = -3,000

production = 63,000

applied overhead:

3,200 hours x 6 = 19,200

If underapplied by 2,500 then:

applied - actual = -2,500

so

19,200 - actual = -2,500

19,200 + 2500 = actual

actual overhead = 21,700

7 0

3 years ago

The balance in Unamortized Discount on Bonds Payable

Irina-Kira [14]

Answer:

Correct option is (a)

Explanation:

Any difference in the amount of par value of bond and the cost at which it was acquired. The organization can either choose to expense the discount or held the same as an asset that is amortized over the years till maturity of bond.

Unamortized discount is the amount that is not yet expensed. The same is reported on the balance sheet as a deduction from face value of bond.

4 0

4 years ago

Which of the following statements is false?

grandymaker [24]

The statement that is false is When the marginal product of labor is upward-sloping, the marginal cost curve (MC) is upward-sloping.

<h3>What is the relationship between marginal product and cost?</h3>

The two measures have an inverse relationship. This means that when one is increasing, the other is increasing.

When marginal product of labor is increasing, the marginal cost curve decreases so this statement is false.

Find out more on marginal product of labor at brainly.com/question/13380400

#SPJ1

7 0

2 years ago

Tom knows that the title insurance company made a mistake on his property title. Because of their mistake, his neighbor now has

kow [346]

Answer:

risk aversion.

Explanation:

Have you ever heard "A bird in the hand is worth two in the bush"?

It relates to safe investments or activities that yield known returns, instead of simply trying to go after more birds that you might or might not catch.

Tom knows that he can sue the title company and earn a lot of money, but he also knows that he might lose the case and instead of getting some money will have to spend a lot of his money in legal fees. Since he dislikes the risk of losing both the suit and his own money, he decided to accept the company's settlement.

3 0

3 years ago