Answer:
a.$15.07 per unit
Explanation:
Using a single plantwide overhead rate based on direct labor hours each product is assigned $15.07 of overhead per unit.
Plantwide overhead rate = Total Budgeted Overhead/ Total Budgeted Direct Labor Hours
Plantwide overhead rate = $320,900/ 21,300= $ 15.065= $ 15.07
Overhead Total Direct Labor Hours DLH per Product A B
Painting Dept. $255,200 10,100 3 11
Finishing Dept. 65,700 11,200 6 7
Totals $320,900 21,300 9 1
Answer:
What would be the impact on January 1, 2015, the date of the sale?
The following journal entries should be made to register the sale:
January 1, 2015: 2 cars are sold
- Dr Cost of Goods Sold 37,000
- Cr Merchandise Inventory 37,000
- Dr Accounts Receivable 50,000
- Cr Sales Revenue 50,000
On January 30, 2015 Outback Subaru Limited received payment in full from the town for the cars. What would be the impact of this transaction on this date?
The following journal entry should be made to register the payment:
January 30, 2015: the local government paid the cars
- Dr Cash 50,000
- Cr Accounts Receivable 50,000
The answer is C report the symptom to her manager
(800x20)/100 = 160 160 + 800= 960, so yes they will help you bring you within your budget
Answer:
- News report on website and social media channels.
- Quarterly earnings call.
- Annual General meeting.
Explanation:
As there are no options available, I listed three ways in order of ease of implementation.
Catherine could include the news in a news report or newsletter and post it on the company website and their social media platforms to ensure that as many of their shareholders as possible read it. This is the easiest method mentioned and can be done as soon as possible.
Catherine can also update the shareholders during Quarterly Earnings calls which is a webcast or teleconference where she will update shareholders on the happenings in the company. As this happens quarterly, Catherine may have to wait some time to use it so it is second in ease of use.
Catherine could also wait till the Annual General Meeting of the shareholders to do so but this could take quite a long time.
