Housholder Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The company has provided the following data for the most recent year. Estimated total fixed manufacturing overhead from thebeginning of the year$310,000 Estimated activity level from the beginning of the year 20,000machine-hoursActual total fixed manufacturing overhead$338,000 Actual activity level 18,300machine-hoursThe predetermined overhead rate is closest to:
A. $16.90
B. $16.94
C. $18.47
D. $15.50
Answer: D
You might also like to view...
Define repeating groups, partial dependencies and transitive dependencies and discuss how they are dealt with in the process of normalizing tables
Target Corporation and Bark Company (forest products companies) need additional pulp-processing capacity. Each firm could borrow the needed funds and build its own manufacturing plant. Instead, they form a joint venture to build a pulp-processing plant. Each firm agrees to use half of the new plant's capacity each year for 20 years and to pay half of all operating and debt service costs. The
joint venture uses the purchase commitments of Target Corporation and Bark Company to obtain a loan to build the facility. The firms structure the arrangement so that neither firm controls the joint venture. The lender requires both firms to guarantee payment of the loan in case the joint venture defaults, Which of the following is/are true? a. Under both U.S. GAAP and IFRS, the guarantors would recognize the fair value of the guarantee when they signed the loan. b. If it becomes probable that the joint venture will default, then the guarantor would apply loss contingency accounting (U.S. GAAP) and recognize a liability. c. If it becomes probable that the joint venture will default, then the guarantor would apply provision accounting (IFRS) and recognize a liability. d. all of the above e. none of the above
What are services?
A. The rate at which goods and services are produced based upon total output given total inputs. B. The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services. C. Material items or products that customer's will buy to satisfy a want or need. D. Tasks performed by people that customer's will buy to satisfy a want or need.
Describe how the management of information flows has changed over time. In particular, note how globalization has changed this management of flows.
What will be an ideal response?