Answer:
$27.20
Explanation:
The computation of the predetermined overhead rate is shown below:
= Variable overhead rate per hour + Fixed Overhead rate per hour
where,
Variable overhead rate per hour is $9.50
And, the fixed overhead rate per hours is
= budgeted fixed manufacturing overhead ÷ direct labor hours
= $130,980 ÷ 7,400
= $17.70
So, the predetermined overhead rate is
= $9.50 + $17.70
= $27.20
By adding the variable overhead rate per hour and the fixed overhead rate per hour we can find out the predetermined overhead rate
Answer:
Explanation:
A)
cost of not taking a cash discount = (1+3/(100-3))^(360/(35-13)) -1
cost of not taking a cash discount = 66.5%
B)
Effective rate of interest if the company borrows from the bank = (17/(100-12))
Effective rate of interest if the company borrows from the bank = 19.3%
Answer:
True
Explanation:
It's True because you have to deduct from the total Accounts Receivable the balance in the Cr Allowance for Uncollectible Accounts estimated.
The company estimate that 2% of the total Credit Sales will be uncollectible, which is, $4,000, if we deduct this value of the balance of accounts receivable of $38,000, we have a Net Realizable Value of Accounts Receivable of $34,000
Credit Sales $ 200,000
Cr Allowance for Uncollectible Accounts $ 4,000
Dr Accounts receivable $ 38,000
Net Realizable Value of Accounts receivable $ 34,000
I think the answer is a but I am not for sure