Eberley Corporation's cost formula for its manufacturing overhead is $25,700 per month plus $10 per machine-hour. For the month of July, the company planned for activity of 5,900 machine-hours, but the actual level of activity was 5,920 machine-hours. The actual manufacturing overhead for the month was $86,800. The manufacturing overhead in the planning budget for July would be closest to:
Answers
Answer:
$84,700
Explanation:
The computation of manufacturing overhead in the planning budget for July is shown below:-
Manufacturing overhead in the planning budget = Manufacturing overhead per month + Budgeted hours × Budgeted rate
= $25,700 + 5,900 × $10
= $25,700 + $59,000
= $84,700
Therefore for computing the manufacturing overhead in the planning budget for July we simply applied the above formula.
Related Questions
Tamara is a new hire at Target. In learning the organizational norms and culture, she observes employees coming to work 15 minutes early and working overtime. This is an example of __________, one of the three levels of organizational culture.
Answers
Tamara is a new hire at Target. In learning the organizational norms and culture, she observes employees coming to work 15 minutes early and working overtime. This is an example of observable culture, one of the three levels of organizational culture.
What are organizational norms? Organizational norms are an important part of organizational culture that govern the behavior of employees, organizational values, and the general way things are done in a company. Organizational culture is made up of three levels, as follows:
a) Observable culture (Surface-level): Observable culture is the surface level of organizational culture that can be easily observed through the daily activities, behavior, and patterns of employees. For instance, dress codes, values, behavior patterns, office arrangements, symbols, rituals, and ceremonies are all part of the observable culture.
b) Shared values (Middle-level): Shared values are the intermediate level of organizational culture that defines what is important to the company and how employees should behave in different situations. Shared values are at the heart of organizational culture, and they reflect the organization's goals, missions, and strategies.
c) Basic assumptions (Deep-level): Basic assumptions are the deepest level of organizational culture that guides employees' thoughts, actions, and behavior, whether they realize it or not. Basic assumptions are unconscious, taken-for-granted beliefs and values that employees hold, and they influence how they make decisions, act, and interact.
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Selected financial data regarding current assets and current liabilities for Queen’s Line, a competitor in the cruise line industry, is provided:($ in millions)Current assets: Cash and cash equivalents $ 331 Current investments 63 Net receivables 230 Inventory 116 Other current assets 135Total current assets $ 875 Current liabilities: Accounts payable $1,025 Short-term debt 694 Other current liabilities 919 Total current liabilities $2,638Required:Calculate the current ratio and the acid-test ratio for Queen’s Line.
Answers
Answer:
Current ratio = 0.33 times
Acid test ratio = 0.29 times
Explanation:
• Current ratio
Current ratio = Total current assets ÷ Total current liabilities
= $875 ÷ $2,638
= 0.33 times
• Acid test ratio
Acid test ratio = Quick assets ÷ total current liabilities
Where,
Quick assets = Total current assets - Inventory
= $875 - $116
= $759
Recall total current liabilities = $2,638
Therefore,
Acid test ratio = $759 ÷ $2,638
Acid test ratio = 0.29 times
How can you begin applying your knowledge of Fiscal Policy with, stabilizing and/or corrective capabilities, to the current political dialog among the many elected Public officials, as well as those who are seeking election, at the Federal and State Levels, who are expressing their Macroeconomic ideas that are thought to be the only possible policy cures that will actually redirect and strengthen the recovery of the U.S. economy?
Answers
Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.
What is economy?
The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector and agriculture sector.
According to the Federal and State Levels, there are the express the recovery of the U.S. the employment are the created the wages and the economy of the economic growth.
As a result, in the Federal and State Levels, are the expressing the recovery of the U.S. economy are the economic growth, and the wages and prices, and the employment.
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Given the following information, calculate the effective gross income: property: 4 office units, contract rents per unit: $2,750 per month; vacancy and collection losses: 18%; operating expenses: $41,000; capital expenditures: 11%.
Answers
Answer:
the effective gross income is $117,480
Explanation:
The computation of the effective gross income is shown below:
= Gross income - vacancy income
= ($2,750 × 4 units × $12) - ($2,750 × 12 × 4 × 11%)
= $132,000 - $14,520
= $117,480
hence, the effective gross income is $117,480
The same is to be considered and relevant
FILL IN THE BLANK fill in the blank question. carol co. prepares a statement of cash flows starting with net income and then adjusting for items that do not affect cash. carol co. is using the_______ method of reporting the statement of cash flows.
Answers
The method is indirect method.
Carol co. prepares a statement of cash flows starting with net income and then adjusting for items that do not affect cash. carol co. is using indirect method of reporting the statement of cash flows.
The cash flow statement is a type of financial statement used in financial accounting that shows how changes in income and balance sheet accounts effect cash and cash equivalents. It also provides a breakdown of operating, financing, and investing activities.
Direct or indirect procedures might be used to report a cash flow statement.
The indirect approach can be thought of as a way that presents the cash flow statement via strategizing.
Cash flow from operational operations is determined by net income, net loss, and any subsequent additions to, or reductions of, the amount for non-cash revenue and expense components.
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Carol Company creates a cash flow statement by beginning with net income and then correcting for non-monetary items. Carol Company reports the statement of cash flows in an indirect method of reporting the statement of cash flows.
A cash flow is defined as a physical or virtual movement of money. It is in its narrowest definition a payment, particularly from one central bank account to another; the word 'cash flow' is most commonly used to indicate.
The amount of money a firm earns through continuing, regular business operations such as manufacturing and selling things or providing a service to clients is referred to as cash flow from operational activities (CFO).
Cash waft refers back to the internet stability of coins stepping into and out of a commercial enterprise at a selected factor in time. coins are constantly moving into and out of an enterprise. as an instance, when a retailer purchases stock, cash flows out of the commercial enterprise toward its suppliers.
The purpose of a cash glide declaration is to offer an in-depth photo of what occurred to a business's cash all through a targeted period, known as the accounting duration. It demonstrates an enterprise's capacity to function within the short and long time, based on how lots of cash is flowing into and out of the commercial enterprise.
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An investor sells 150 shares of Amazon (AMZN) stock at $35.00 and pays a $7 commission. What is the total amount of money received by the investor ?
$5,243
$5,250
$5,520
Please help me answer it correctly
Answers
Answer:$5,257 well....thats not an option so im sorry....if i were to guess based on answer opitons i would pick $5,243
Explanation:
:)
David and Daniel formed a partnership. David invested $10,000 in cash; Daniel invested $5,000 in cash and equipment valued at $6,000. The proper entry to record this is which of the following?
Answers
Answer:
Debit Cash $15,000, debit Equipment $6,000, credit David's Capital $10,000 and credit Daniel's Capital $11,000
Explanation:
Contribution of capital by partners will result in an increase in cash balance as indicated by a debit to cash account. Similarly, contribution of equipment will again be indicated by a debit to equipment account as it would result in the creation/increase in the value of an asset (equipment account). The capital contributed by both partner's will be reported in their capital accounts respectively as indicated by a credit to David and Daniel Capital accounts. Cash and equipment will be reported on the asset side of the balance sheet and capital accounts will get reported on the liabilities of the balance sheet of the partnership firm.
Which of the following would not be considered an advantage of a sole proprietorship?
A. Decisions can be made quickly without having to consult others.
B. A proprietor is also responsible for his or her own health insurance
C. There are no legal formalities if the business dissolves
D. All of the profits from the business go right to the owner.
Answers
Answer: Unit 4: starting a business
C
D
B
D
D
C
B
A
A
D
Explanation:
Jamison owns a rental cabin in Mammoth, and travels there for maintenance three times a year, between January and June. The round trip to Mammoth from San Diego where Jamison lives, is approximately 405 miles. How much travel costs can Jamison deduct per year related to his rental cabin?
a. $248
b. $686
c. $743
d. $1,352
Answers
Answer:
686
Explanation:
The question says that he travels to the cabin 3 times a year.
The trip to where cabin is located is 405 miles
We are to solve for the Amount of deduction allowed to Jamison for him to maintain his cabin.
The Amount of deduction = Total number of Miles travelled multiplied by 0.565
405 x3x$0.565 = $686.
So the correct answer is option b.
According to O*NET, what are some common skills needed by Financial Analysts? Select four options.
Answers
Answer:
1256
Explanation:
hope this helps
does it have numbers or letters
Answer:
The top 2 and bottom 2
Explanation:
I got it correct on edge
Warner Brothers Entertainment owns the rights to the intellectual property of the Scooby Doo cartoon show and its characters. A lunchbox menecturer
has reached an agreement with Warner Brothers Entertainment to use the Scooby Doo characters on their new line of lunchboxes. This is an example o
Multiple Choice
contract manufacturing
licensing
creating a subsidiary
franchising
Answers
Option B is the correct one. Using intellectual property rights, such as trademarks, patents, brand names, or technologies, is called licensing. It involves the licenser giving the licensee permission to do so under specific guidelines.
A contract or arrangement between two businesses known as a licensing is one that allows one business to give another permission to produce its goods in exchange for a certain fee and subject to certain terms.
The ability to safeguard a company's valuable assets, such as patents, trademarks, copyrights, and trade secrets, depends on having a solid grasp of how these assets operate and are produced.
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Killian’s board game is in the blank stage
Answers
Killian is in the process of creating a board game and the stage of development of the game is not specified. However, we can assume that it is in the early stages of development since it is described as being "in the blank stage". This could mean that Killian is still in the process of conceptualizing the game, gathering ideas, and creating a rough outline of the game mechanics.
At this stage, Killian would be focusing on developing the basic concept and theme of the game, as well as the mechanics that will drive gameplay. This could include deciding on the number of players, the objective of the game, the rules, and the game components such as game pieces, cards, and board design. Killian may also be conducting research on other successful board games, testing prototypes, and gathering feedback from playtesters.
Overall, the early stage of board game development is critical for laying a solid foundation for the game. It requires a lot of creativity, innovation, and attention to detail. As Killian progresses through the development stage, they will refine the game mechanics, add more complex rules and features, and eventually produce a polished and entertaining game that will hopefully delight and engage players for years to come.
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Professional social media sites can also help employers find you. When you create an account, you describe your work history in detail and list all of your skills, just like in a résumé. If an employer is looking for someone with your abilities and experience, a site like LinkedIn is a great place to start. Recruiters may also use social media to promote new job listings. Millions and millions of people use these sites, and they can be a great way to reach many job seekers at once.
How can social media help employers during the hiring process? Check all that apply.
1. Most profiles offer more detailed information than any résumé.
2. Social media often provides a place for employers to begin their search.
3. Social media can fill in gaps on résumés or provide additional details.
4. Some sites can be a platform for recruiters to promote job openings.
5. Only the most qualified candidates are likely to have a social media presence.
Answers
Answer:
2, 3,4
Explanation:
logic
Answer:
2,3,4
Explanation:
Have a great day.
How can buying a house be considered "good debt"?
It is worth more than any other investment
It gives you a place to live for a long time
It decreases in value over time
It increases your net worth as it build equity
Answers
Buying a home is considered good debt because it gives you a place to live for a long time. The correct option is b.
A home loan is considered good debt as a house would appreciate in value and help build equity. If you earn rent on it, it can more than pay for itself and even earn you some profit. You may also get tax benefits, making it a good investment.
Loans, like home loan, student loan, and business loan, are considered good as they help you increase your net worth. We know that Samrat aims to start his own business one day. Now, if he takes a loan to establish or expand his business, it would be considered good debt as it will help him become financially more stable. Thus buying a house is considered good debt because it gives you a place to live for a long time.
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Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
Answers
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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On the 24th, a shooting incident occurred at a high school in St. Louis, Missouri, my country. A 19-year-old gunman opened fire on the campus, causing 2 deaths and 7 injuries, and was eventually shot dead by the police.
On October 25, St. Louis Mayor Tishaura Jones said that gun violence continues to take the lives of children and children in our country, and its severity is enough to become a "national emergency" and the government should take action. Police said at a news conference that day that the gunman was Orlando Harris, a 19-year-old male who just graduated from the high school last year.
Answers
The deaths at the high school in St. Louis, Missouri, United States show that an argument can indeed be made for tighter gun controls in the country.
Should there be tighter gun controls in the United States?The most recent tragedy that resulted from gun violence in the United States, was the killing of two people at the Central Visual and Performing Arts High School, St. Louis, Missouri, by a previous student of the school.
Over the years, there have been other instances of gun violence in American schools including the shooting at Uvalde, Texas that led to the deaths of 19 children.
The United States has the highest rates of gun ownership in the entire world as well as one of the highest rates for mass shooting. This means that there must be a correlation between the two. Nations that have tighter gun controls have lower rates of mass shooting.
There is therefore a good enough argument that the United States should introduce stricter and tighter gun controls in order to reduce the incidence of mass shootings, especially at schools.
The rest of the question is:
Does this shooting add more evidence for the argument for tighter gun control or less?
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Can someone help me with this ?
Answers
Answer:
come over
Explanation:
girls only and ima need hella yay
If a company has sales of $130 in 2021 and $182 in 2020, the percentage decrease in sales from 2020 to 2021 is 40%.
True
False
Answers
The percentage decrease in sales from 2020 to 2021 is 40%. The statement is false.
What is decrease in sales?There are many different reasons why revenues decline. Reduced product availability is the result of manufacturing or delivery issues. As consumer preferences shift, less people are buying your products. Consumers are obligated to spend very little on discretionary items due to the economy.
A business should not experience a decline in revenue. A company runs the danger of not making a profit or having very slim profit margins if its sales is declining. A business can only avoid financial harm from a decline in income if costs are also falling.
sales in 2020= $182
sales in 2021= $130
Total decrease in sale= $52
% decrease in sale= 28.57%
hence, false is an appropriate response.
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Expenses like rent, transportation, and advertising are part of a business____ account, because they are fictitious
Answers
Answer:
nominal
Explanation:
Identify what can happen to an entrepreneur who is personally liable for their business in cases of legal, financial, or other business problems.
Answers
Answer: an entrepreneur who is liable for their business can have major problems for a business like earning less money they can still have a business but it will be hard to have co workers in the business
Explanation:
Compare the difference between the transfer of shares and transmission of shares with examples.
Answers
Answer:
The transfer of shares is a voluntary act by the holder of shares and takes place by way of contract. Whereas, the transmission of shares takes place due to the operation of law that is on the death of the holder of shares or in an event where the holder becomes insolvent/lunatic.
Arya wants to intern in the finance department for a major retailer. Since Arya will be learning about finance which refers to all
activities concerned with obtaining money and using it effectively.
True
False
Answers
True, Finance refers to all activities concerned with obtaining money and using it effectively.
Finance has to do with effective management of money or financial resources of a business,company or organization.
Improper management of a company finance can lead to the company not achieving their aims and objectives or even liquidate.
For effective management of a company finance the accountant or the finance manager will need to have full understanding and knowledge about :
•What it takes to manage finance
•How to manage finance successfully
•How to effectively make use of the money obtained .
Inconclusion True, Finance refers to all activities concerned with obtaining money and using it effectively.
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Why should you begin a case analysis with a financial analysis? When are other approaches appropriate?
Answers
A case analysis should start with a financial analysis because it shows how significant the problem is for a company. The primary goal of a business is to make money. studying the firm's total success is thus achievable through studying its financial performance.
A financial analysis will not only help you understand your company's financial health, determining its creditworthiness, profitability, and ability to generate money, but it will also provide you a more in-depth look at how well it functions internally. Horizontal analysis, vertical analysis, ratio analysis, trend analysis, and cost-volume profit analysis are the five most popular approaches to financial statement analysis. Each method enables the creation of a more thorough and sophisticated financial profile.
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Which description most accurately describes the FBLA-PBL?
A. It focuses mainly on building communication skills.
B. It focuses only on marketing skills.
C. It promotes careers in the health care field.
D. It focuses on developing business leaders.
Answers
The option that most accurately describes the FBLA-PBL is D. It focuses on developing business leaders.
What is the FBLA-PBL?The Future Business Leaders of America-Phi Beta Lambda( FBLA - PBL) is an organization that focuses on training students in business leadership, career advice and technical growth.
They help develop business leaders in a variety of ways. One of them is by organizing seminars and conferences. At these seminars, students are able to meet business leaders who train them on how to be their best in whatever business they are in.
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100 pts
The table identifies how many thousands of units of corn and diamonds the United States and Congo can produce in one week. Use this data to answer the question that follows.
Corn
Diamonds
United States
60
10
Congo
20
5
Which statement is true based on the data table?
The United States should specialize in diamonds and trade for corn.
The United States should specialize in corn and trade for diamonds.
Congo should specialize in corn and trade for diamonds.
Congo should specialize in both corn and in diamonds.
Answers
Answer:
In view of the units of corn and precious stones delivered by the US, the open-door cost of creating corn is B. 10⁄60.
What is the open-door cost of delivering corn?
The open-door cost of delivering corn to the US would be the number of precious stones that are surrendered to make one unit of corn.
This can be found as:
= Units of jewels/Units of corn
= 10/60 jewels
All in all, choice B is right.
Answer:
B) The United States should specialize in corn and trade for diamonds.
Explanation:
I got it right on the test
Elliott Credit Corp. wants to earn an effective annual return on its consumer loans of 15.7 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers
Answers
Answer:
the rate of interest needed to report to the potential borrower is 14.59%
Explanation:
The computation of the rate of interest needed to report to the potential borrower is given below:
= ((1 + rate of interest per year)^(1 ÷ number of days in a year) - 1) × number of days in a year
= ((1 + 15.7%)^(1 ÷ 365) -1) × 365
= 14.59%
hence, the rate of interest needed to report to the potential borrower is 14.59%
what is a database query ?
Answers
Answer:
A database query is a request for data from a database. The request should come in a database table or a combination of tables using a code known as the query language. This way, the system can understand and process the query accordingly.
Explanation:
I need help with the operation management assignment plz
Answers
What can you say about production function?
Answers
Answer:la producción es una funcion que permite que lad cosas perduren un largo tiempo, claro ejemplo la reproducción de la humanidad, sin ella nadie existiria.
Explanation:espero que te sirva
For each of the three independent situations determine the amount of cash received from the customers and prepare journal entries that summarize the selling and collection activities for the reporting period. All dollars are in millions. nts Complete this question by entering your answers in the tabs below
Answers
For each of the three independent situations determine the amount of cash received from the customers and prepare journal entries that summarize the selling and collection activities for the reporting period. sales revenue and account receivables is $240 and $17 which is shown in the following table.
Sales revenue is the profit a company earns from supplying products or providing services. Sales and profits can, and prevalently are, employed interchangeably to describe to the very same thing in bookkeeping. It is imperative to remember that revenue is not always equate to revenue generated. The proportion of products and services sold multiplied by the unit cost is used to compute sales income. The proceeds or money that the organisation will obtain from its clientele who have subsidized their acquisition of its goods and services are known as accounts receivable (AR).
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