Predetermined Factory Overhead Rate Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $657,600 Shop direct labor 480,000 Shop and repair equipment depreciation 41,100 Shop supervisor salaries 114,200 Shop property taxes 20,700 Shop supplies 16,000 Advertising expense 13,200 Administrative office salaries 56,600 Administrative office depreciation expense 7,200 Total costs and expenses $1,406,600 The average shop direct labor rate is $15.00 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. X per direct labor hour

Predetermined Factory Overhead Rate Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $657,600 Shop direct labor 480,000 Shop and repair equipment depreciation 41,100 Shop supervisor salaries 114,200 Shop property taxes 20,700 Shop supplies 16,000 Advertising expense 13,200 Administrative office salaries 56,600 Administrative office depreciation expense 7,200 Total costs and expenses $1,406,600 The average shop direct labor rate is $15.00 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. X per direct labor hour

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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BUS 038 : Business Computations 8. An invoice for $75.20 has terms of 3/10, 1/30, n/60. If you make payment 25 days after the invoicedate, what amount should you pay?
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Mookie the Beagle Concierge makes a payment on the VISA credit card on 01/31/2023 in the amount of $800. Required: To record the payment on the VISA credit card: 1. From the Navigation Bar, select Expenses > select Expenses tab 2. From the New transaction drop-down menu, select Pay down credit card 3. For Which credit card did you pay?, select 2100 VISA Credit Card 4. For How much did you pay?, enter 800.00 5. For Date of payment, enter 01/31/2023 6. For What did you use to make this payment?, select 1001 Checking 7. Select Save and close 8. What is the balance of the VISA Credit Card account after the credit card payment is recorded? Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount. X Answer is complete but not entirely correct. $ 800.00 x 8. Balance of the VISA credit card account
= Chapter 09 Prot x ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.m pter 09 Problem Set O 50:00 bed ok Question 10 - Chapter 09 Probler X nces Year Cash Flow 0 1 2 3 -$ 7,300 3,000 5,600 3,100 Saved a. What is the profitability index for the cash flows if the relevant discount rate is 11 percent? Profitability index M b. What is the profitability index for the cash flows if the relevant discount rate is 14 percent?
A man gets an inyoice for $460 with terms 3/10, 1/15, n/30. How much would he pay 8 days after the invoice dáte? (Round to the nearest cent as needed) The net amount due is $ CoC-oalalala Help Me Solve This Calculator Get More Help - Clear All Check Answer Pearson 2:43 PM P Type here to search 75°F 9/10/2021 DELL prt se home Insert delete backspace 6. 8 9. R Y U D F\ K V pg up alt ctrl
me roll ck d tch PgUp Pause Break Westc Question 7) Annuities & Loans-worth 15% of the grade The following formulas will be helpful for the problems below, or you may use TVM Solver in your calculator: For annuities: A = nt PMT ((1- ((1 + 7) ¹² − 1) r n For loans: PMT= P(7) [1 − (1 + 7)"] -nt the st month Mr. Garcia would like to use an annuity with an APR of 11% compounded monthly to reach his retirement goal of $225,000 in 20 years. How much would he need to deposit monthly into this account to reach this goal? Suppose that you decide to borrow $30,000 for a new car. To finance the purchase, you will make regular monthly payments for five years. The loan has a 9% interest rate. What will your monthly payment be? Westchester Community College 5% of the gra the problems with an How m =&= no toom 000 for a years. Th >
Purchase InvoiceFrom Repair Experts, $875 plus HST, for maintenance and repairs to the company’s equipment. what is journal?
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Please refer table P4.3 And table 94.4 in the below screenshots and answer question 7.