Answer:
The correct answer is C: $944
Explanation:
Giving the following information:
Single plantwide predetermined overhead rate based on machine-hours. Total fixed manufacturing overhead cost of $237,000, variable manufacturing overhead of $3.90 per machine-hour, and 30,000 machine-hours.
First, we need to determine the manufacturing overhead rate:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base= (237000/30000)+3.9= $11.8 per machine hour.
Now, we can calculate the allocated overhead:
allocated overhead= Estimated manufacturing overhead rate* actual amount of allocation base= 11.8*80= $944
The parol evidence rule has many exceptions, with possibly the most prevalent one being when <u>oral</u> evidence serves to clear up a(n) <u>ambiguous</u> part of an agreement.
More about the parol evidence rule:
The parol evidence rule is a principle of Anglo-American common law that controls the types of evidence that parties to a contract dispute may provide in an effort to ascertain the precise terms of the contract.
The parol evidence rule also prohibits parties who have reduced their agreement to a finalized written instrument from adding further evidence later on as proof of a different intent regarding the contract terms, such as the content of oral exchanges from earlier in the negotiation process.
Learn more about the parol evidence rule here:
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Answer:
Debit
Explanation:
If its not a house or a big invesment into a buisness it is debit
According to the Bureau of Labor Statistics, the actual unemployment rate was 8.3% in February 2012 and the natural rate of unemployment was 5.2%. The<u> cyclical</u> unemployment rate was <u>3.1</u>%.
<u>Explanation:</u>
Unemployment is when an individual who is able to work and is also willing to work at the wage rate which is prevailing in the market, does not get work. There are some types of unemployment like cyclical, structural, frictional and so on.
Cyclical unemployment is the rate of unemployment that occurs in the different phases of the trade cycle. Because of high rate of actual unemployment rate in 2012, the cyclical rate of unemployment was also around 3%.
Answer:
a. the ending inventory is $397,887
Explanation:
The computation of the inventory by the LCNRV Method is as follows;
As we know that the inventory should be reported at lower cost or net realizable value
So according to the given situation , the inventory based on LCNRV method to each item is $397,887
Hence, the ending inventory is $397,887
For calculation kindly see the attachment below:
