The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used 44,000 Actual rate per hour $20 Standard rate per hour $18 Standard hours
Q: choose best answer
A: Step 1: Definition of Operating LeverageThe degree of operating leverage (DOL) measures how…
Q: Need answer
A: Explanation of Gross Profit Method:The Gross Profit Method is an inventory estimation technique used…
Q: General Accounting
A: Step 1: Define Present Value (PV)Present value (PV) is the amount that must be invested today to…
Q: Provide general accounting questions.
A: Let's break this down step by step to calculate the required values from the information provided:…
Q: Hello tutor please help me
A: Step 1: Definition of Fixed Cost (High-Low Method)The high-low method is used to separate total…
Q: need this general accounting subject solutions
A: Step 1: Definition of Advertising Expense AllocationAdvertising expense allocation is the process of…
Q: Can you please solve this questions?? #general account
A: Step 1: Definition of Dividend Per ShareThe dividend per share calculation involves dividing the…
Q: Need correct answer general Accounting
A: Step 1: Define Equity IncomeEquity income refers to the portion of net income or loss that an…
Q: Give me Answer
A: Concept of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the direct costs associated…
Q: Solve this Accounting problem
A: Explanation of Reorder Point:The reorder point is the inventory level at which a new purchase order…
Q: Hello teacher please help me this question solution
A: Step 1: Definition of Lease LiabilityLease liability represents the present value of future lease…
Q: What is the value of the company's total assets?
A: Detailed explanation:Given:Stockholders' Equity, $ 416,000Total Liabilities, $ 208,000 Question:…
Q: Halp me with the question answer general Accounting
A: Step 1: Define Net PayNet pay is the total amount an employee receives after all deductions,…
Q: hello teacher please solve questions
A: Step 1: Absorption costing Under the absorption costing, the product costs consist of the…
Q: hi expert please help me
A: Given Data:Cash = $36,000Supplies = $1,500Stockholder's Equity = $28,000Step 1: Compute Total…
Q: ?!
A: Break-even point = Fixed Costs/Contribution Margin RatioContribution Margin=Sales−Variable Costs =…
Q: What is the rate of gross profit?
A: Explanation of Installment Sales: This is a method of selling where the buyer pays for goods in…
Q: Compute the depreciation charge
A: Step 1: Cost of the machine Cost of the machine = Purchase price + Freight costs + Installation…
Q: None
A: Step 1: Definition of Units Transferred to the Next ProcessThe units transferred to the next…
Q: answer plz
A: To find the return on equity (ROE), we can use the relationship between leverage ratio, return on…
Q: What is the company's unit contribution margin of this financial accounting question?
A: Step 1: Define Unit Contribution MarginUnit Contribution Margin measures the amount each unit sold…
Q: What is the equity at the end of the year on these financial accounting question?
A: Step 1: Definition of EquityEquity represents the ownership value in a company, calculated as the…
Q: Help
A: Understanding the Accounting Equation The fundamental accounting equation states: Assets =…
Q: ?? Financial accounting
A: Present Value = Future Value / (1 + Quarterly Interest Rate) ^ Number of Compounding PeriodsPlugging…
Q: During August
A: Concept of Equivalent Units of Production (EUP)Equivalent Units of Production (EUP) refer to the…
Q: ANSWER
A: The problem involves determining the cost of product based on ABC system. Activity-based costing…
Q: No WRONG ANSWER
A: Step 1: Recall the basic formula for net income.= revenues - expenses Regarding the other items…
Q: Please given answer
A: Given:Sale price = $180,000Book value = $119,988Tax rate = 21% Gain on sale = Sale price - Book…
Q: Provide answer
A: Step 1: Definition of After-Tax Impact of Discontinued OperationsDiscontinued operations refer to…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Owner's CapitalThe owner's capital represents the residual interest in a…
Q: General Accounting
A: Step 1: Define Days' Payables Outstanding (DPO)Days' Payables Outstanding (DPO) measures how long,…
Q: During FY 2016 GM Manufacturing had total manufacturing costs are $470,000. Their cost of goods…
A: Concept of Total Manufacturing CostsTotal Manufacturing Costs refer to the total expenses incurred…
Q: What are the differences between IFRS and GAAP? What are the smiliarities between IFRS and GAAP?
A: The International Financial Reporting Standards (IFRS) and the Generally Accepted Accounting…
Q: General accounting
A: Step 1: Definition of Work in Process (WIP) InventoryWork in Process (WIP) inventory refers to…
Q: Accounting solution
A: Step 1:The accounts receivable turnover ratio is calculated as follows: Accounts receivable turnover…
Q: Hii expert please provide correct answer general Accounting
A: Step 1: Define Operating IncomeOperating income is the profit a company earns from its core business…
Q: hi expert please help me subject-general accounting
A: Step 1: Definition of High-Low MethodThe high-low method is used to separate mixed costs into their…
Q: Kelvin enterprises has the following reported amounts
A: Explanation of Sales Revenue: Sales revenue represents the total amount of money generated from…
Q: Need correct answer general Accounting
A: Step 1: Define Profit MarginProfit margin is a key financial metric that measures how much of a…
Q: If the required adjusting entry for prepaid rent that has expired for the period is omitted:
A: Prepaid rent is recorded as an asset when initially paid. Over time, as the rental period elapses,…
Q: What is the weighted average of the company's debt ?
A: 1) WEIGHTED AVERAGE OF DEBT CONCEPT:- Weighted average of debt represents what portion of a…
Q: I want the correct answer with accounting
A: Step 1: Definition of Free Cash Flow (FCF)Free Cash Flow (FCF) represents the cash generated by a…
Q: Can you please solve this questions
A: Detailed explanation:Given:Profit is 5.6% of Sales of $ 13.6 millionTotal Assets. $ 9.8 million…
Q: Compute the cost per unit using absorption costing
A: Concept of Direct MaterialsDirect materials refer to the raw materials that are directly used in the…
Q: E-trax, Inc. has provided the following financial information for the year: Finished Goods…
A: Concept of Absorption CostingAbsorption costing is a method of accounting in which all manufacturing…
Q: Harris Corporation produces a single product
A: Concept of Absorption CostingAbsorption costing is a method of cost accounting that includes all…
Q: Calculate kelvin net earning for the week
A: Step 1: Define Net IncomeThe amount of net earnings for a firm or an individual is ascertained by…
Q: MCQ
A: Understanding Operating LeverageOperating leverage is a measure of how much a company's net…
Q: Headland Company pays its office employee payroll weekly. Below is a partial list of employees and…
A: Final Journal Entries1st Entry: To Record Payroll 1Account Title &…
Q: None
A: To determine the Free Cash Flow (FCF), we use the formula: FCF =EBIT(1−T) −Net Capital Expenditures…
What is the sales margin ??
Step by step
Solved in 2 steps
- Financial AccountingProvide AnswerA manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $355,200 and direct labor hours would be 48,200. Actual manufacturing overhead costs incurred were $307,700, and actual direct labor hours were 51,900. What is the predetermined overhead rate per direct labor hour? a. $7.37 b. $8.84 c. $11.05 d. $5.90
- Need answer the general accounting question do fastMoh costInfa. Company applies Manufacturing Overhead (MOH) on the basis of machine hours (MHS). For the year. Estimated Actual Machine hours for the year? Total MOH Cost 7,800 $70,500 $64,300 If for the year, MOH was overapplied by $780, estimated MHs at the beginning of the period were_
- Determine and Use Consulting Rate Oxford Consulting, Inc., expects the following costs and expenses during the coming year: Direct labor (@ $20/hr.) $1,344,000 Sales commissions 288,000 1,512,000 Overhead a. Compute a predetermined overhead rate applied on the basis of direct labor hours. Round to two decimal places if applicable. $0 b. Prepare a general journal entry to apply overhead during an interim period when 14,000 direct labor hours were worked. General Journal Description Debit ◆ ♦ 0 0 0 0 c. What amount of overhead would be assigned to Job 325, to which $1,216 in direct labor had been charged? Round to two decimal places, if applicable. $0 Credit Please answer all parts of the question.Total Cost FormulaDavis Company has analyzed its overhead costs and derived a general formula for their behavior: $55,000 + $14 per direct labor hour employed. The company expects to use 50,000 direct labor hours during the next accounting period. What overhead rate per direct labor hour should be applied to jobs worked during the period? Round answer to two decimal places. Overhead rate per direct labor hour $_________The following annual amounts pertain to the Wolf Company: Estimated Overhead Costs Estimated Direct Labor hours $ 191,079 73,492 If actual overhead costs for the year amounted to $198,400 and actual direct labor worked amounted to 75.500 hours, then overhead would be Multiple Choice overapplied by $2112 underapplied by $2,112 underapplied by $2,100.