Answer:
The correct answer is A.
Explanation:
Giving the following information:
Estimated manufacturing overhead= 960,000
Estimated number of hours= 32,000
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 960,000/32,000= $30 per direct labor hour
Now, we can allocate to each unit of Planter:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 30*2= $60
Answer:
The Schedule of Cash Collections is below:
Cash Collection from Sales JULY AUGUST SEPTEMBER
50% from month $80,000 $75,000 $65,000
30% from previous month $42,000 $48,000 $45,000
15% from two previous months$18,000 $21,000 $24,000
$140,000 $144,000 $134,000
Explanation:
The schedule of cash collection is attached herein.
July collections are as follows:
50% of $160,000 July + 30% of $140,000 June + 15% of $120, 000 May Sales
August collections are as follows:
50% of $150,000 August + 30% of $160,000 July + 15% of $140,000 June Sales
September collections are as follows:
50% of $130,000 September + 30% of $150,000 August + 15% of $160,000 July Sales
Desired inventory (units), August 31 9,000
Expected sales volume (units), August 75,000
For each unit produced, the direct materials requirements are as follows:
Material A ($5 per lb.) 3.0 lbs.
Material B ($18 per lb.) 0.5 lb.
The total direct materials purchases (assuming no beginning or ending inventory of material) of Materials A and B required for August production is ______.
a.$1,170,000 for A; $702,000 for B
b.$1,080,000 for A; $1,296,000 for B
c.$1,080,000 for A; $648,000 for B
d.$1,125,000 for A; $675,000 for B
Answer:
c.$1,080,000 for A; $648,000 for B
Explanation:
For computing the total direct material purchase first we have to find out the production units which are shown below:
As we know that
Production units = Ending inventory units + sales units - beginning inventory units
= 9,000 units + 75,000 units - 12,000 units
= 72,000 units
Now the total direct material purchase for Material A and Material B is
For Material A
= 72,000 units × 3 lbs × $5 per lb
= $1,080,000
For Material B
= 72,000 units × 0.5 lbs × $18 per lb
= $648,000
Therefore, the third option is correct
Answer: Option D
Explanation: Enterprise zones are established by the government with the objective of development and economic growth in the local neighborhood.
The investors are attracted to make their business centers or production units in such areas by giving them incentives such as tax exemptions or other such benefits.
These are made usually in under developed areas. In countries like China and India, these areas are called special economic zones.
Answer:
a. Physical appearance
Explanation:
The Physical appearance of a person is as a result of the genetic make up of the individual. This factor barely has an influence on an individual’s core belief system.
Religious background is a key element of individual’s core belief system as it forms the basis of one's belief about God, life, fate and destiny.
Family upbringing forms the basis of one's belief as the individual grows. The influence of the members of a family forms a part of the individual's core belief.
Life experiences as well forms a key part of our belief system and the same goes for personality.
Answer:
Explanation:
A Split limit works thus;
The first figure which is 100 is the maximum amount that will be paid per one injured person.
The second figure is 200 and it is the maximum amount that will be paid out for all injured persons.
The third which is 40 is the maximum amount the insurance will pay out for property damage.
Bear in mind that all these figures are in thousands.
The damages to all the property involved is = 33,428 + 7,422 + 12,041
= $52,891
The Insurance company will therefore payout the maximum amount of $40,000.
The rest will be paid by Bill which is = 52,891 - 40,000
= $12,891