Sky High Company has two departments, X and Y. The following estimates are for the coming year: X Y Direct manufacturing laborminushours 50 comma 000 70 comma 000 Machineminushours 70 comma 000 50 comma 000 Manufacturing overhead $ 350 comma 000 $ 490 comma 000 The budgeted indirectminuscost driver rate for Y based on the number of machineminushours is in excess of X by ________. (Round interim and the final answer to the nearest cent.)
Answers
Answer:
Predetermined manufacturing overhead rate= $9.8 per machine hour
Explanation:
Giving the following information:
Machine-hours= 50,000
Manufacturing overhead= $490,000
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 490,000/50,000= $9.8 per machine hour
Related Questions
QUESTION 4: PROGRESS REPORT On the 20th of April 2023, The campus manager, Mr Manoto, requested the secretary in the SRC office, to compile a report on the progress of the revival day planning. In your report tasks that are completed are invitations for special guests and booking of live performers; the task committee is still busy with finalizing the design of the banners and T-shirt and sports bottle printing. Due to overspending on budget, you still have not booked catering and security for the day. Your report must be in memo format.
Answers
A sample memo based on the given question prompt is given below:
The MemoMemorandum
To: Mr. Manoto, Campus Manager
From: SRC Office Secretary
Date: April 20th, 2023
Subject: Progress update for Revival Day planning
Esteemed Mr. Manoto,
Please find below a status report detailing advancements made in the preparations of the upcoming Revival Day ceremony. We have accomplished issuing invitations to prominent guests and securing prominent musical acts. Our committees are putting the finishing touches to banner design, T-shirt outfits, as well as customizing sport water bottles.
Conversely, budgetary concerns impede us from booking security or catering caterers essential for event operations. However, we are investigating ways to cut expenses while still delivering quality service. We will be prompt with updates about progress made through these alternative strategies.
Thank you for your kind ownership in this venture; rest assured that our team is steadfastly dedicated to ensuring an excellent Revival Day rally session.
Yours faithfully,
[Your name]
Read more about memo here:
https://brainly.com/question/30389962
#SPJ1
How can we locate the best apartments in Dubai?
Answers
A survey was conducted from 1000 people about what they like the most? By looking at graph how many people enjoyed grapes and bananas?
Answers
Answer: 270 people
Explanation:
Looking at the graph you can tell that: 20% of the people enjoyed grapes and 7% enjoyed bananas.
The percentage of people who enjoy both bananas and grapes is:
= 20 + 7
= 27%
1,000 people were interviewed. The number of people who enjoy both bananas and grapes is:
= 27% * 1,000
= 270 people
QUESTION 1
Technician A says the ECM closes the intake air control valve at low speeds.
Technician B says the ACIS adjusts intake manifold length to maximize emissions.
Who is right?
Select the correct option and click NEXT.
A only
B only
Both A and B
Neither A nor B
Answers
Technician A says the ECM closes the intake air control valve at low speeds. Both A and B are correct. Option C
What is ACIS (Active Control Intake System)?Generally, In most cases, the E/C/M, which stands for "Engine Control Module," is a computer that manages a variety of systems inside the vehicle. One of these systems is the intake air control va/lv/e, which regulates the quantity of air that is su/cked into the engine.
A system known as the Active Control Intake System (A/CI/S) is a device that modifies the length of the intake man/if/old in order to improve the efficiency of the engine and reduce emissions.
Read more about ACIS (Active Control Intake System)
https://brainly.com/question/7024164
#SPJ1
What are the different elements of working capital and explain actions that Management of a business entity might take to reduce the length of the cycle
Answers
The different elements of working capital are current current asset and current liabilities. The management of a business entity might take ratio analysis to reduce the cycle.
Working capital management assists in sustaining the smooth operation of the net operating cycle, otherwise called the cash conversion cycle.
What is working capital management?Working capital management is a business strategy formulated to ensure that an organisation functions efficiently by overseeing and utilizing its current assets and liabilities to their most effective use.
Therefore, learn more about working capital management: https://brainly.com/question/28287025
#SPJ1
Alexander Rees is concerned about appearing knowledgeable in exporting. What are
some of the factors he mentions in the project letter?
A-Finding good coffee
B-Developing a reliable source for twizzle sticks
C-Travel costs
D-Cultural Differences and exchange rates
Answers
Alexander Rees is concerned about appearing knowledgeable in exporting. The some of the factors he mentions in the project letter are
Travel costs
Cultural Differences and exchange rates
Thus option (C) and (D) are correct.
What is a cost?The cost is the expenditure or spending required or incurred to create and sell products and services, or to acquire assets.
When a product is sold or consumed, a cost is charged to expense. In the case of a buying of an asset, the charge to expense could be significantly deferred. The cost concept underlies the transition of assets from the balance sheet to expenses in the income statement.
Alexander Rees is concerned about appearing knowledgeable in exporting. Travel costs and Cultural Differences and exchange are some of the factors he mentions in the project letter.
Learn more about the cost here:
https://brainly.com/question/20534030
#SPJ1
Bangladesh has been the 7 th largest mango exporter in the world and exported 1-billion-dollar worth of vegetables across the world. Within 1000 words, discuss i) How can we internationalize our productions? ii) How can we localize our productions? Discuss some research oriented examples.
Answers
Answer:
Private companies added 330,000 jobs in July, according to ADP, far short of the 653,000 estimate
Explanation:
Private companies added 330,000 jobs in July, according to ADP, far short of the 653,000 estimate:The 330,000 new positions is a sharp deceleration from the 680,000 added in June and the lowest total since February. Leisure and hospitality led the gains with 139,000 during a month in which goods-producing industries contributed just 12,000 jobs. #accelerationism
Molly Ellen, bookkeeper for Keystone Company, forgot to send in the payroll taxes due on April 15. She sent the payment November 8. The IRS sent her a penalty charge of 9.20% simple interest on the unpaid taxes of $4,000. Calculate the penalty. (Remember that the government uses exact interest.) (Use Days in a year table.)
Answers
The penalty charge is $728.04.
To find the penalty charge in the given scenario where Molly Ellen forgot to send the payroll taxes due on April 15th and sent the payment on November 8th, we will follow these steps:Calculate the days from April 15 to November 8 which is 207 daysCompute the exact interest on the unpaid taxes using the exact interest formula: I=P*R*T/100I: Exact interestP: Unpaid taxes ($4,000)R: Rate (9.20%)T: Time in years (207 days/365 days = 0.57 years)
Calculate the penalty by subtracting the unpaid taxes from the total amount due including the interestPenalty = Total amount due - Unpaid taxesGiven that the unpaid taxes were $4,000, and the IRS sent a penalty charge of 9.20% simple interest on the unpaid taxes. Using the above information, we will calculate the penalty as follows:
Days from April 15th to November 8th is 207 days.The exact interest formula is I=P*R*T/100, where I is the exact interest, P is the principal, R is the rate and T is the time in years.I = (4000 * 9.20 * 207)/100 * 365 = $728.04The total amount due including the interest is $4,728.04.Penalty = Total amount due - Unpaid taxesPenalty = $4728.04 - $4000Penalty = $728.04Therefore, the penalty charge is $728.04.
For more such questions on penalty charge
https://brainly.com/question/13382791
#SPJ8
incoterm trong thanh toán quốc tế là gì?
Answers
Answer:
Incoterms là một bộ quy tắc thương mại / thương mại được thiết lập bởi Phòng Thương mại quốc tế được sử dụng trong các hợp đồng mua bán quốc tế.
Interest will gather on all of the
following EXCEPT which one?
A. a cash purchase
B. an automobile loan
C. a home loan
D. a credit card loan
Answers
b) On 1 January 2015 an American investor bought USD1, 000,000 worth of Malaysian Ringgit and put it in a savings account for 1-year. The annual interest rate in Malaysian Ringgit was 5%. During that period, the interest rate in the US was 3.50%. On the purchase date the exchange rate was USD1 = MYR4.45.
i. One year after the start of the savings in Malaysia, the exchange rate was RM4.03 per US dollar. If the investor turned his savings back into dollars, what dollar rate of return did he earn? (10 Marks)
ii.What should be the exchange rate on 1 January 2015 for the investment in RM to be better than the investment in US dollars? (15 Marks)
Answers
Answer:
On 1 January 2015 an American investor bought USD1, 000,000 worth of Malaysian Ringgit and put it in a savings account for 1-year is explained below with detailed explanation.
Explanation:
i) Supposed rate using IRPT
FR = SR (1+ ih) / (1+ if) = 4.45 * 1.05 / 1.035 = RM4.5145/$
At this progressive rate investment in both currencies will implement the same rate of revenue. Above this valuation, $ investment is better and below this rate, RM investment is better.
ii) Investment in MR = 1000000 * 4.45 = 4450000
valuation after a year in MR = Deposit * ( 1+ r) = 4450000 * (1 + 0.05) = 4672500
Valuation in dollar after a year = 4672500 / 4.03 = 1159429.28
rate of revenue in dollar = Valuation after a year - Valuation at year 0 / Valueation at year 0 * 100
= 1159429.28 - 1000000 / 1000000 * 100 = 15.94%
Gull Corporation, a cash method, calendar year C corporation, was formed and began business on November 1, 2021. Gull incurred the following expenses during its first year of operations (November 1, 2021–December 31, 2021): Expenses of temporary directors and organizational meetings $21,000 Fee paid to state of incorporation 3,000 Expenses for printing and sale of stock certificates 11,000 Legal services for drafting the corporate charter and bylaws (not paid until January 2022) 19,000 Question Content Area Round the per-month amount to two decimal places. Round the final answer to the nearest dollar.
a. Assuming that Gull Corporation elects under § 248 to expense and amortize organizational expenditures, what amount may be deducted in 2021? Gull Corporation's deduction for 2021 is?
b. Assume the same facts as above, except that the amount paid for the legal services was $28,000 (instead of $19,000). What amount may be deducted as organizational expenditures in 2021?
Answers
1. If Gull Corporation elects under § 248 to expense and amortize organizational expenditures, the amount that may be deducted in 2021 is $54,000.
2. If Gull Corporation elects under § 248 to expense and amortize organizational expenditures, the amount that may be deducted in 2021 is $63,000.
What are organizational expenses?Organizational expenses are those incurred when a company is being set up or created.
The law allows corporations to expense their organizational expenses in the year they are incurred.
However, a corporation with a limited life can elect to amortize the organizational expenses for the life of its duration.
Data and Calculations:Expenses of temporary directors and organizational meetings $21,000
The fee paid to the state of incorporation 3,000
Expenses for printing and sale of stock certificates 11,000
Legal services for drafting the corporate charter and bylaws (not paid until January 2022) 19,000
Total organizational expenses = $54,000
Thus, Gull Corporation's deduction for organizational expenses for 2021 is $54,000 or $63,000 as the case may be.
Learn more about organizational expenses at https://brainly.com/question/25881160
#SPJ1
How can higher data prices negatively affect other producers of goods and services
Answers
Answer:
Higher data prices increases the cost of end users to access the sites of the producers of goods and services leading to a reduction of number of potential customers and therefore, reduced online sales, while producers that have marketing networks for sale offline benefits from the redirection of the medium by those customers not willing to pay for the extra data cost to obtain such required goods and services to a nearby or local market
Explanation:
As little as
percent of privately owned businesses ever move from the start-up stage to the success stage.
OA. 10
O B.2
O C. 15
O D. 6
Answers
Answer:
D. 6
Explanation:
Results from online research its only 6 percent of private businesses move from start-up to success. This shows that a majority of start-ups fail. Failure may occur at any phases of the business.
The Corner Grocer has a 7-year, 6 percent annual coupon bond outstanding with a GHS 1,000 par value. The bond has a yield to maturity of 5.5 percent. If the market yield suddenly increases to 6.5 percent, what will happen to the bond price?
Answers
The increase of yield to maturity to 6.5% would reduce bond price by 5.43%
What is bond price?
The bond price is the present value of annual coupons over the bond life of 7 years and the face value payable to bondholders at bond maturity discounted at the yield to maturity of the bond.
We can determine the bond prices with yield to maturity of 5.5% and with 6.5% yield to maturity using a financial calculator which requires that the calculator be set to its end mode since its annual coupons are payable at the end of each year, rather when the coupons would be paid at the beginning of each year.
Initial bond price:
I/Y=5.5(bond yield is 5.5%, without the % sign)
PMT=60(annual coupon=face value*coupon rate=1000*6%)
N=7(number of annual coupons in 7 years)
FV=1000(the face value is 1000)
CPT(press compute)
PV=GHS 1,028.41
New price with YTM of 6.5%:
I/Y=6.5(bond yield is 6.5%, without the % sign)
PMT=60(annual coupon=face value*coupon rate=1000*6%)
N=7(number of annual coupons in 7 years)
FV=1000(the face value is 1000)
CPT(press compute)
PV=GHS 972.58
change in bond price=(972.58/ 1,028.41)-1
change in bond price=-5.43%
Find out more about bond pricing on:https://brainly.com/question/25596583
#SPJ1
Imagine the products are in decline and recommend an extension strategy for each one. Make sure you explain your
A Galaxy chocolate bar
Candy Crush mobile app.
Evian water
Ferrari world.
Answers
All of these products should use a rebranding extension strategy.
Once a product reaches maturity and the market is saturated, it gradually starts to decline.
Because of this, one approach to lengthen the life of a product strategy is to always seek out ways to make it better, different, and even stand out from similar products that have already hit the market.
Rebranding, offering discounts, and looking for new markets are all examples of extension strategy methods. Rebranding is the process of giving an existing product a fresh look and feel in order to set it apart from the competition. For instance, a cosmetics company might provide additional brushes, blenders, or sponges.
To learn more about product, click here.
https://brainly.com/question/22852400
#SPJ1
Outline and describe the main types of Communication in your own words. Give one practical example for each type to support your discussion.
Answers
Answer:
There are four main types of communication: verbal, nonverbal, written, and visual.
1. Verbal communication involves the use of words to convey a message. This can be done through spoken or written language. Verbal communication can be formal or informal, and it is often used in face-to-face conversations, meetings, presentations, and interviews. A practical example of verbal communication is a teacher giving a lecture to a classroom full of students.
2. Nonverbal communication involves the use of body language, facial expressions, and other nonverbal cues to convey a message. This can include gestures, eye contact, posture, and tone of voice. Nonverbal communication is often used in conjunction with verbal communication to reinforce a message or convey meaning. A practical example of nonverbal communication is a job interview, where the interviewer may use body language to convey their interest or disinterest in a candidate.
3. Written communication involves the use of written words to convey a message. This can include emails, memos, reports, and letters. Written communication is often used in business and academic settings, where a permanent record of the communication is required. A practical example of written communication is a business proposal that is sent to a potential client.
4. Visual communication involves the use of images, graphics, and other visual aids to convey a message. This can include charts, diagrams, videos, and photographs. Visual communication is often used in advertising, marketing, and design, where visual impact is important. A practical example of visual communication is a billboard that advertises a new product.
In summary, each type of communication has its own strengths and weaknesses, and they are all important in different contexts. Effective communication requires a combination of these four types, depending on the situation and the message that needs to be conveyed.
which of the following would be considered a want rather than a need for most people?
Answers
Question 3 a. In choosing a supplier of raw materials for operations, there are a number of factors that need to be considered. Mention any three (3) of such factors.
Answers
When choosing a supplier of raw materials for operations, it's important to consider a variety of factors to ensure that you're making the best decision for your business. The factors are Quality, Price, Delivery time and reliability.
Below are three of such factors to consider:
1. Quality: The quality of the raw materials is a vital factor that you should consider when selecting a supplier. The quality of the raw materials will influence the quality of the finished goods produced. As a result, you'll need to ensure that the supplier you choose provides consistent, high-quality raw materials that meet your specifications.2. Price: Cost is an important factor to consider when selecting a supplier. You should ensure that the supplier is providing you with high-quality raw materials at a reasonable cost. It's also important to note that the cheapest supplier may not always be the best option, as quality may be compromised.3. Delivery time and reliability: It's critical to consider the delivery time and reliability of the supplier. The supplier should be able to deliver the raw materials on time and as agreed upon. Delayed deliveries can disrupt your operations, and if they occur frequently, they can damage your business reputation. Reliability is also important to ensure consistent supply and avoid running out of raw materials.For more such questions on supplier
https://brainly.com/question/14885967
#SPJ8
Blank and blank is another word for networking
Answers
How long do financial records remain on your credit report?
Answers
Answer: Approximately seven years
HOPE U HAD A GREAT THANKSGIVING <3
1. If the two totals of a trial balance are equal, does it mean that there are no errors in the accounting records? Explain
2. Assume that when a purchase of supplies of $2,650 for cash was recorded, both the debit and the credit were journalized and posted as $2,560. (a) Would this error cause the trial balance to be out of balance? (b) Would the trial balance be out of balance if the $2,650 entry had been journalized correctly but the credit to Cash had been posted as $2,560?
Answers
1. If the two totals of a trial balance are equal, it does not mean that the accounting records are free of errors.
2a) The error of commission cannot cause the trial balance to be out of balance.
2b) If the $2,650 entry had been journalized correctly but the credit to the Cash had been posted as $2,560, the trial balance would not balance because another account was debited with $2,650.
What are the errors that do not affect the trial balance?The errors that do not affect the trial balance or cause it to be out of balance include:
Errors of principleErrors of original entryErrors of omissionErrors of commissionCompensating errors.A trial balance will be out of balance if an error is made on one side of the ledger.
Learn more about the trial balance and accounting errors at https://brainly.com/question/25671660
#SPJ1
According to the box "Reaching Beyond Our Borders, Tesla was able to do the impossible feat of
Multiple Choice
opening up a new auto plant in China in under 18 months.
sending the first U.S. citizen to the moon.
building an electric bicycle that can be recharged on solar power.
building over 1 million vehicles each year.
Answers
Answer: Based on the information provided in the box “Reaching Beyond Our Borders,” the correct answer would be option A: opening up a new auto plant in China in under 18 months.
In the indicated time, Tesla indeed managed to complete the incredible achievement of opening a new auto manufacturing plant in China in under 18 months, a testament to their commitment to advancing the use of renewable energy and marking a significant expansion in their global presence.
Explanation:According to the box 'Reaching Beyond Our Borders', Tesla was able to accomplish the seemingly impossible feat of opening up a new auto plant in China in under 18 months. This accomplishment was striking as it signified a significant leap towards promoting sustainable energy on a global level, given Tesla's primary focus on electric vehicles. Meanwhile the options of - sending the first U.S. citizen to the moon, building an electric bicycle that can be recharged on solar power, and building over 1 million vehicles each year - do not correctly match the facts reportedly associated with Tesla's activities within the given timeframe.
Learn more about Tesla here:
https://brainly.com/question/33326451
#SPJ2
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the company's fiscal year).
May 1: Prepared a company check for $300 to establish the petty cash fund.
May 15: Prepared a company check to replenish the fund for the following expenditures made since May 1.
a. Paid $93.60 for janitorial services.
b. Paid $76.41 for miscellaneous expenses.
c. Paid postage expenses of $52.20.
d. Paid $68.58 to The County Gazette (the local newspaper) for an advertisement.
e. Counted $23.01 remaining in the petty cash box.
May 16: Prepared a company check for $200 to increase the fund to $500.
May 31: The petty cashier reports that $339.32 cash remains in the fund. A company check is drawn to replenish the fund for the following expenditures made since May 15.
f. Paid postage expenses of $53.73
g. Reimbursed the office manager for business mileage, $42.78.
h. Paid $44.17 to deliver merchandise to a customer, Terms FOB destination
May 31:The company decides that the May 16 increase in the fund was too large. It reduces the fund by $50, leaving a total of $450.
Required
a. Prepare journal entries to establish the fund on May 1, to replenish it on May 15 and on May 31, and to reflect any increase or decrease in the fund balance on May 16 and May 31.
b. Explain how the company's financial statements are affected if the petty cash fund is not replenished and no entry is made on May 31.
Answers
Answer:
a. Prepare journal entries to establish the fund on May 1, to replenish it on May 15 and on May 31, and to reflect any increase or decrease in the fund balance on May 16 and May 31.
May 1, petty cash fund is established:
Dr Petty cash fund 300
Cr Cash 300
May 15, petty cash fund expenses:
Dr Janitorial services expenses 93.60
Dr Miscellaneous expenses 76.41
Dr Postage expenses 52.20
Dr Advertisement expenses 68.58
Cr Cash short and over 13.80
Cr Petty cash fund 276.99
May 15, petty cash fund is replenished
Dr Petty cash fund 276.99
Cr Cash 276.99
May 16, petty cash fund increases:
Dr Petty cash fund 200
Cr Cash 200
May 31, petty cash fund expenses:
Dr Postage expenses 53.73
Dr Travel expenses 42.78
Dr Freight expenses 44.17
Dr Cash short and over 20
Cr Petty cash fund 160.68
May 31, petty cash fund is replenished
Dr Petty cash fund 160.68
Cr Cash 160.68
May 31, petty cash fund decreases:
Dr Cash 50
Cr Petty cash fund 50
b. Explain how the company's financial statements are affected if the petty cash fund is not replenished and no entry is made on May 31.
If the petty cash fund is not replenished and the related expenses are not recorded, then the company's net income will be overstated since some expenses will not have been properly accounted for. Also, cash will be overstated in the balance sheet, as well as retained earnings.
Following information is given of ABC Ltd.
Cash Outflow $150,000
Annual Cash inflow
First 4 years $25,000
Next 6 years $10,000
Estimated life 10 years
Required: Calculate Payback period
Answers
260000- 150000 = 110000
6 years payback period
FIllmore Company began operations on Sept. 1 by purchasing $6000 of inventory and $600 of cleaning supplies. During the month, the company generated $7500 of sales revenue. On Sept. 30, the company had $2100 of inventory remaining, along with $400 of cleaning supplies. What was FIllmore Company's gross profit for the month of September
Answers
Answer:
$3,600
Explanation:
For the computation of gross profit first, we need to determine the cost of goods sold which is shown below:-
Cost of goods sold = Purchases - Ending inventory
= $6,000 - $2,100
= $3,900
Gross profit = Sales - Cost of goods sold
= $7,500 - $3,900
= $3,600
Therefore for computing the FIllmore Company's gross profit for the month of September we simply applied the above formula.
Please answer and give a brief explanation
What you think you can learn from the course acc 122 to help you in your daily life?
Answers
Answer:
This course covers the accounting process: the observation, measurement, and reporting of economic activity in order to develop information useful for decision
Explanation:
Prerequisite(s): Satisfactory reading and writing placement test scores or ENG 097.
Pre/Corequisite(s): ENG 101 and satisfactory numerical placement test scores or MATH 109.
Miguel's lab group is conducting an experiment that involves dissolving different amounts of sugar and salt in test tubes. Which safety procedure is the MOSTappropriate for this experiment?
Answers
Answer:
Use a lead apron to protect against radiation.
Explanation:
Essay
on How Mobile Phones
changed your life?
Answers
Our attitudes and expectations have altered as a result of the smartphone. People are required to call on their cell phones to let others know if they will be late for a meeting.
Choosing a time and location for the meeting is no longer required. Simply contact each other on their mobile phones and let them know where you are right now. Early cell phones could only send and receive email, make basic calls, transmit faxes, and perform a few other extremely restricted tasks. Cellular phones can do everything now.
In addition to being able to send messages, emails, and make calls, you also have access to the entire range of computer features. Due to smartphones, our attitudes and expectations have changed. If someone will be late for a meeting, they must call the other party on their mobile phone.
Learn more about Mobile Phones here:
https://brainly.com/question/14976932
#SPJ1
Step 2: Writing Report
Explain the value of using data analysis.
Explain the risks of not using data visualization.
The report should explain the data that you have analyzed throughout the course.
Step 3: Lessons Learned
Identify some key points that you found about data analytics in this course and add a slide for lessons learned at the end of your presentation on what you learned this session.
Answers
The value that can be gotten from Data analytics is that it can aid companies to have broad knowledge of market segments, and can help to increase their market share as well as revenue growth.
The risks of not using data visualization is that the company may not be be able to to maintain the audience's interest with information.
What is the importance of Data analytics?For example, data analytics can help businesses find underdeveloped market areas, anticipate client wants, and improve their product offers. Businesses that use data analytics to acquire a competitive edge can grow their market share, accelerate revenue growth, and strengthen their brand.
Learn more about data analysis at;
https://brainly.com/question/30156827
#SPJ1