Reference no: EM132962890

Question - On December 31, 2020, Adelphi Corporation has outstanding 500 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 15 000 shares of $10 par value common stock. Preferred dividends were paid in 2018 but were not paid in 2019. During 2020, Alpha distributed $45 000 in dividends. Use this information to determine for 2020 the dollar amount of dividends that will be distributed per Common Share. Round answer to closest cent.

Baltimore Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $275 000 and direct labor hours of 8 200. During the month of February 2021, actual direct labor hours of 8 500 were incurred. Use this information to determine the amount of factory overhead that was applied in February. Round answer to the nearest whole number (no cents).

The Botosan Factory has determined that its budgeted factory overhead for the year is $13,500,000, and the budgeted direct labor hours are 10,000,000. If the actual direct labor hours for the period are 350,000, how much overhead would be allocated to the period?