Answer:
The factory overhead allocated per unit of Blinks is b.$19.50
Explanation:
It is Important to note that Ramapo Company uses a single plantwide overhead rate to apply all factory overhead costs based on direct labor hours.
A plant Wide Overhead rate is a function of the Total Overheads of a Company divided by the Total Labor Hours in the Company
<u>Total Overheads:</u>
Fabrication Department $84,000
Assembly Department $72,000
Total $156,000
<u>Total Labor Hours :</u>
Fabrication Department 0
Assembly Department ( 1,000 × 4) + (2,000×2) 8,000
Total 8,000
Note : <em>labor hours take place only in the Assembly Department</em>
<u>Plantwide overhead rate :</u>
Plantwide overhead rate = Total Overheads / Total Labor Hours
= $156,000 / 8,000
= $ 19.50
The statement "The sender & receiver don't know each other, money send for sounds like very good to be true dealing, and the motive of the transactions with respect to the online goods is considered to be questionable" is considered to be the red flag.
The sender i.e. Geroge who not even know the receiver that sells the homeopathy remedies online so this could raise a few issues but it is not to be considered very serious for red-flagged:
- Since e-commerce arises each and every time that lies between non-known parties online.
This is due to the dirt chape that could make it suspicious also they don't know each other so this should be considered red-flagged.
- The instructions with regard to the payment do not represent any signal of reliability and truthfulness so might me the receiver is trustworthy and genuine.
- In the case when the homeopathy remedies do not have the licensing and permissions so it would become questionable.
No one could suggest the specific brand of homeopathy as it becomes nonprofessional and non-appropriate, so the last option is not be considered.
Therefore we can conclude that The statement "The sender & receiver don't know each other, money send for sounds like very good to be true dealing, and the motive of the transactions with respect to the online goods is considered to be questionable" is considered to be the red flag.
Learn more about homeopathy here: brainly.com/question/7460064
Answer:
$1,000
Explanation:
Beginning balance in supplies account = $200
The supplies account is an asset account and ordinarily should have a debit balance. If additional supplies of $1,400 were purchased during the month, it goes into the account as a debit.
If at the end of the month, only $600 of supplies was still on hand total supplies expense
$200 + $1,400 - supplies expense = $600
supplies expense = $200 + $1,400 - $600
= $1,000
The supplies expense is debited when supplies are used and the corresponding credit goes to the supplies account.
Answer:
An unrealized holding gain of $28 million in 2019.
Explanation:
At the financial year-end, the company have to reevaluate the investment to recognize the gain or loss.
If the fair value is higher than actual investment, the company gain and vice versa it lost.
In this scenario, the fair value adjustment = the valuation on 31st December – purchased value = $150 million - $132 million = $28 million.
Because this step is just an approach to record new valuation of investment, then it’s consider unrealized.
In short, Phillips Corporation should first update the fair value adjustment of $28 million on December 31 2021
