The total amount of money being transferred into and out of a business
Answer:
Estimated manufacturing overhead rate= $32 per labor hour
Explanation:
Giving the following information:
The estimated factory overhead costs $ 2,496,000. Estimated labor hours 78,000.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 2496000/78000= $32 per labor hour
Answer:
The selling price is $99
Explanation:
The selling price of the product can be computed by adding required profit margin to the unit cost of the product.The required profit margin is the 10% return on invested assets.
Total variable cost $59*10000 =$590,000
Fixed expenses ($180,000+$60,000) =$240,000
desired profit margin(10%*$600,000) =$60,000
Total sales revenue =$990,0000
price per unit=$990,000/10000=$99
The cost-plus approach to product pricing gives $99
Answer:
130000 shares issued
Explanation:
Shares issued = Total par value / Par value per share
= $650,000 / $5
= 130000 shares issued
