Answer:
B. Each product, or job, uses the department to a different extent.
Explanation:
Departmental overhead rates uses a standard charge that is based on produced units attributed to a department.
Costs are applied with high precision.
When this model is used, the standard rate is multiplied by the number of units produced in the department, so there is no over allocation of resources.
For example if we consider the hours a machine operates. With a standard rate of $10 per hour, machine operation of 6 hours will give $10* 6 hours= $60
Answer:
$1,269.46
Explanation:
Earnings Before Interest and Tax (EBIT) refers to the net income which is a difference between the revenue of an organisation and the expenses that were incurred in order to generate that revenue. The calculation of the EBIT is usually for a particular year and it is usually found in the Income Statement part of an organisation's financial statement.
To calculate the EBIT therefore, the Tax as well as interest must be added back to the Net Income after tax (usually added to retained earnings)
Therefore, Net Income = Dividends paid + Net Income (added to retained earnings)
= $75 + $418 = $493 - This represents a partial net income
The next step is to calculate the taxable income as follows:
The net income is $493, and the Tax rate is 35%
Taxable Income = $493/ (1-0.35) = $758.46
Earnings before interest and tax therefore =
Interest paid + Taxable Income
= $511 + $758.46 = $1,269.46
Answer:
December 31 Ending Inventory $ 255500
Explanation:
Windsor, Inc.
December 31 Physical inventory on hand $222,500
Add goods sold to Metlock, Inc. for $33,000
December 31 Ending Inventory $ 255500
Purchases in transit are not included in the inventory unless received.
Sales in transit are included in the inventory .
The goods sold are the seller's inventory unless received by the purchaser.Similarly purchases in transit are not included in the inventory evaluation.
Foley Electronics Corporation manufactures and assembles electronic motor drives for video cameras.The company assembles the motor drives for several accounts. The process consists of a just-in-time cellfor each customer. The following information relates only to one customer's just-in-time cell for thecoming year. Projected labor and overhead, $4,800,000; materials costs, $25 per unit. Planned productionincluded 2,400 hours to produce 19,200 motor drives. Actual production for August was 1,300 units, and<span>motor drives shipped amounted to 1,260 units</span>
Explanation: what is this can you elaborate pls
