Reference no: EM133116483
Question - The Smart Company is located in Toronto, Ontario, Canada. The company has been in business for 10 years and they manufacture electronic components. The company applies manufacturing overhead based on direct labour hours. The financial information pertaining to the manufacturing overhead and labour for the 2022 year is as follows:
Actual manufacturing overhead $170,000
Estimated manufacturing overhead $180,000
Direct labour hours incurred 5,000
Direct labour hours estimated 5,625
Required - Answer the following Questions:
a) Calculate the predetermined overhead rate and the amount of overhead applied for the year of 2022.
b) For manufacturing overhead calculate the amount of under applied or over applied.
|
How will exchange rate in tokyo and frankfurt be affected
: 1. Suppose quotes for the dollar-euro exchange rate E$/euro are as follows: in Tokyo $1.1586 per euro and in Frankfurt $1.1575 per euro (ignoring bid/ask spread
|
|
What are the sources of synergies
: Define the three types of synergy that may result from mergers. What are the sources of these synergies? Give a practical example to each type of synergy.
|
|
Explain the percent marginal tax rate
: Swirlpool, Inc. has found that its cost of common equity capital is 18 percent, and its cost of debt capital is 8 percent. The firm is financed with 60 percent
|
|
What is the intrinsic value of abx share
: ABX Company recently paid a dividend of $1/ share. The dividend is expected to grow by 10% in year 1, 8% in year 2, 7% in year 3, and 6% in year 4. After that,
|
|
Calculate the predetermined overhead rate
: The company has been in business for 10 years and they manufacture electronic components. Calculate the predetermined overhead rate
|
|
Negative return on investment
: In a business, what are some factors that can lead to a negative return on investment (ROI)?
|
|
Find provision reported on december
: Amount owing to Zion Company for services rendered during December 2021, P450,000. Find provision reported on December
|
|
Finding the Missing Agent Assignment
: What was the last date-time recorded in the pictures? Only one time-date needed + Snapshot of the info. What was the brand and model of Ali's cellphone
|
|
Current implied forward rates
: Recall the expectations theory asserts that the current implied forward rates for 1 year ahead---that is, the forward rates from year 1 to future dates---are go
|