Answer:
Total overhead $
Indirect material ($0.5 x 200,000 units) = 100,000
Utilities ($0.25 x 200,000 units) = 50,000
Supervisory salaries = 60,000
Building rent = 80,000
Total overhead 290,000
Overhead rate = <u>Budgeted overhead</u>
Budgeted direct labour hours
= <u>$290,000</u>
100,000 hours
= $2.90 per direct labour hour
Explanation:
In this case, we need to obtain the total overhead, which is the total of indirect material, utilities, supervisory salaries and building rent.
Then, we will divide the total overhead by direct labour hours so as to determine the overhead rate.
Answer:
Z-Mart purchased $3,000 worth of merchandise on credit. Transportation costs were an additional $100, paid cash to the cartage company on delivery. Z-Mart returned $300 worth of merchandise and paid the invoice on time, and took a 2% purchase discount. The amount of this payment was <u>$2744</u>
Explanation:
Purchases excluding freight $3,000
Less:Goods returned -$300
Add:freight charges $100
Net Purchases $2,800
Less:Discount on payment($2,800*2%) -$56
Net cash paid $2,844
Answer:
$15,178
Explanation:
Given that;
Sales = $45,797
Costs of goods sold = $16,134
S&A expenses = $11,481
EBITDA = Sales - cost of goods sold - S&A
= $45,797 - $16,134 - $11,481
= $18,182
Depreciation = $5,980
EBIT = EBITDA - Depreciation
= $18,182 - $5,980
= $12,202
Interest expense = $3,620
EBT = EBIT - Interest expense
= $12,202 - $3,620
= $8,582
Less tax at 35% $3,004
Net income = $5,578
Operating cash flow = EBIT + depreciation - tax
= $12,202 + $5,980 - $3,004
= $15,178
Insurance companies use several factors or considerations to evaluate drivers as being qualified for insurance. Drivers need to be qualified by their insurance company to make sure they are qualified to hold insurance and also, what their rates will be. Insurance companies will ask those in question of being insured what their driving history is like, education, work, vehicle, age and other information to decide their insurance qualifications and rate.
