Imagine that you are about to go on Shark Tank to obtain financial backing. Describe what factors you should consider when valuing your company.
What will be an ideal response?
Answers should address the market conditions, competition, market opportunity (who will be attracted to the product), what the value of the investor would be in funds and guidance, and market comparables. Also of interest would be distribution channels, the experience of the founding team, and current market base.
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Harootunian Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 80,000Total fixed manufacturing overhead cost$312,000Variable manufacturing overhead per machine-hour$2.10 Recently, Job T629 was completed with the following characteristics: Number of units in the job 50Total machine-hours 200 The amount of overhead applied to Job T629 is closest to:
A. $1,620 B. $420 C. $780 D. $1,200