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. Assume a manufacturer incurs 2,000,000 hours of direct productive labor in a year at a total direct labor cost of $50,000,000. The total manufacturing indirect expense for the same period is $67,500,000.a. What is the average direct labor hour rate?b. If the overhead were distributed on the basis of direct labor hours, what would the rate be per hour?c. If the overhead were distributed on the basis of direct labor dollars, what would the percentage rate be?2. Using the same factors as above, assume that we have two projects each requiring 100,000 direct labor hours. On Project A, because of work requirements and personnel assigned, direct labor costs of $2,040,000, or $20.40 per hour, were experienced. Project B, on the other hand, requires a direct labor cost of $2,800,000, or $28.00 per hour. Calculate the amount of overhead that would be allocated to these two projects on a labor hour and a dollar basis.Direct Labor Direct LaborHour Method Dollar MethodProject A $_____________ $____________Project B $_____________ $____________
The probability of throwing any two numbers on a die - say, either a 1 or a 2 - on a single throw is one chance out of three, or 33%.
If the market rate of interest is 10%, a rational person would just as soon receive $1,100 three years from now as what amount today (round to the nearest dollar)?
Are there inter-company transactions between Target Corporation and its affiliated companies and did any of their affiliates sell shares of common stock to the public?
The partnership paid gauranteed payments to Simone of $1000 and $2000 per month during the fiscal years ended September 30, 2010 and 2011. How much will Simone's adjusted gross income be increased by these partnerhip items for her tax year ended D..
Handy-Man Services is a repair-service company specializing in small household jobs. Each client pays a fixed monthly service fee based on the number of rooms in the house. Records are kept on the time and material costs used for each repair. The ..
In addition, Otter has tax-exempt interest income of $250,000 and makes distributions to Ellie and Linda of $50,000 each. Discuss the impact of this information on the taxable income of Otter, Ellie, and Linda if Otter is:
Write a research essay on your views as to when each of the two approaches would be appropriate, and provide examples of where each of the approaches might be appropriate in the current economic and business environment.
What conditions/factors cause a business to have a high degree of operating leverage as compared to others?
You are an accountant in a medium-sized manufacturing company. You have been asked to mentor an accounting clerk who is new to your accounting department.
Dave Ganz started a sole proprietorship by depositing $30,000 cash in a business checking account. During the accounting period the business earned $6,000 of net income and Ganz withdrew $2,000 cash from the business.
Compute the net realizable value of the accounts receivable of Lucille Company at December 31, 2007.
A bank quotes certificate of deposit (CD) yields both as annual percentage rates (APR) without compounding and as annual percentage yields (APY) that include the effects of monthly compounding.
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