Answer: employees
Explanation:
Budgeted diving-hours (q) 350
Revenue ($420.00q) $ 147,000
Expenses:
Wages and salaries ($11,500 $130.00q) 57,000
Supplies ($4.00q) 1,400
Equipment rental ($2,200 $25.00q) 10,950
Insurance ($3,900) 3,900
Miscellaneous ($510 $1.44q) 1,014
Total expense 74,264
Net operating income $ 72,736
Required:
During May, the company’s actual activity was 340 diving-hours. Compute the flexible budget of activity.
Answer:
operating income 84740.4
Explanation:
The flexible budget will work out the numbers for a level of activity of 340 units
Revenue $420 x 340 = 142,800
Wages and salaries $11,500 fixed component + $130 x 340 = 55,700
Supplies $4.00 x 340 = 1,360
Insurnace (fixed) $3,900
Miscellaneous $510 fixed component + $1.44 x 340 = 999,6
Operating Income:
Revenues 142,800
total expenses (58,059.6)
operating income 84740.4
Answer:
The total equivalent units of production for direct materials is 74000 Units.
Explanation:
materials required for production are added at the beginning of the process. So whatever the Total amount of materials required for 74000 Tons as been added at beginning of the Production (in July). For the Purpose of materials we need to consider 100% Completed.
total Equalent Units = Total Units Started
= 74000 Units
Therefore, The total equivalent units of production for direct materials is 74000 Units.
B. Germany
C. Mexico
D. United Kingdom
Answer:
A.Canada
Explanation:
Answer:
Answer choice A.canada
Answer:
The correct answer is 35%.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the Weighted average contribution margin ratio by using following formula:
weighted-average contribution margin ratio = (Contribution margin ratio × Sales of sporting goods) + (Contribution margin ratio × Sales of sporting gears)
= ( 30 × 75% ) + ( 50 × 25%)
= 22.5% + 12.5%
= 35%
1. Predetermined Overhead Rate ≈ $160.27
2. Hourly Billing Rate for Tara ≈ $245.73
(1) To compute the predetermined overhead rate, we need to calculate the total cost of services (salary plus overhead) for both appraisers and then divide it by the total billable hours.
Total Overhead Costs = $378,210
Total Salary Costs = Salary of Debbie + Salary of Tara = $150,000 + $81,000
= $231,000
Total Billable Hours = Billable hours of Debbie + Billable hours of Tara
= 2,000 + 1,800
= 3,800
Predetermined Overhead Rate = (Total Overhead Costs + Total Salary Costs) / Total Billable Hours
Predetermined Overhead Rate = ($378,210 + $231,000) / 3,800
Predetermined Overhead Rate = $609,210 / 3,800
Predetermined Overhead Rate ≈ $160.27 (rounded to 2 decimal places)
(2) To compute the hourly billing rate for Debbie and Tara, we'll use the formula:
Hourly Billing Rate = (Total Cost of Services + 20% Markup) / Total Billable Hours
For Debbie:
Total Cost of Services for Debbie = Salary of Debbie + (Predetermined Overhead Rate × Billable hours of Debbie)
Total Cost of Services for Debbie = $150,000 + ($160.27 × 2,000)
Total Cost of Services for Debbie = $470,540.00
Hourly Billing Rate for Debbie = ($470,540.00 + 0.20 × $470,540.00) / 2,000
Hourly Billing Rate for Debbie ≈ $282.32 (rounded to 2 decimal places)
For Tara:
Total Cost of Services for Tara = Salary of Tara + (Predetermined Overhead Rate × Billable hours of Tara)
Total Cost of Services for Tara = $81,000 + ($160.27 × 1,800)
Total Cost of Services for Tara = $369,486.00
Hourly Billing Rate for Tara = ($369,486.00 + 0.20 × $369,486.00) / 1,800
Hourly Billing Rate for Tara ≈ $245.73 (rounded to 2 decimal places)
Learn more about overhead rate here:
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The predetermined overhead rate is found to be 163.77%, and the hourly billing rates for Debbie and Tara (including a 20% markup) are $237.40 and $142.44, respectively.
To calculate the predetermined overhead rate, we need to divide the total overhead costs by the total salary costs of both appraisers. In this case:
Total Overhead Costs = $378,210
Total Salary Costs = Debbie's Salary ($150,000) + Tara's Salary ($81,000) = $231,000
Predetermined Overhead Rate = Total Overhead Costs / Total Salary Costs = $378,210 / $231,000 = 1.6377 or 163.77%
To calculate the hourly billing rate for each appraiser, you add their salary cost per hour, the overhead cost per hour, and then mark up the total cost by 20%. For Debbie:
Debbie's Salary per Hour = $150,000 / 2,000 hours = $75
Debbie's Overhead per Hour = 1.6377 × $75 = $122.83
Total Cost per Hour for Debbie = $75 + $122.83 = $197.83
Hourly Billing Rate for Debbie (with 20% markup) = Total Cost per Hour × 1.20 = $197.83 × 1.20 = $237.40
Similarly, for Tara:
Tara's Salary per Hour = $81,000 / 1,800 hours = $45
Tara's Overhead per Hour = 1.6377 × $45 = $73.70
Total Cost per Hour for Tara = $45 + $73.70 = $118.70
Hourly Billing Rate for Tara (with 20% markup) = Total Cost per Hour × 1.20 = $118.70 × 1.20 = $142.44
Answer:
$18,800
Explanation:
The amortization expense can be calculated by dividing the cost of copyright to purchase by the estimated useful life and then multiplied by the number of months covered until May 1, 2017.
Amortization expense = Cost to purchase / Estimated useful life) x 8/12 Amortization expense = ($112,800 / 4 years) * 8/12
Amortization expense = $18,800
As the copyright is purchased on may 1 it will cover 8 months till 31 december 2017