Zackery Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined overhead rate is based on capacity. The capacity of the factory is determined by the capacity of its constraint, which is an automated lathe. Additional information is provided below for the most recent month: Estimates at the beginning of the month: Estimated total fixed manufacturing overhead$7,452 Capacity of the lathe 230hoursActual results: Actual total fixed manufacturing overhead$7,452 Actual hours of lathe use 180hours The manufacturing overhead applied is closest to:
A. $7,748
B. $9,900
C. $7,452
D. $5,832
Answer: D
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Emerald Corporation's overhead budget for 2013 was as follows: Factory supervision $450,000 Utilities costs 250,000 Insurance 30,000 Property taxes 25,000 Depreciation 125,000 Total $880,000 750,000 units were produced in 2013. Direct labor cost is $42,000,000. For both 2013 and 2014, each unit required 4 direct labor hours at $14 per hour. In 2014, property taxes, insurance, and depreciation are
expected to stay at 2013 levels. Utilities costs vary proportionally with units produced. Factory supervision increases by increments of $45,000 for every 300,000 increase in direct labor hours. The 2014 expected production is 1,200,000 units. What will be the value for utilities of Emerald in the 2014 overhead budget? A) $450,000 B) $250,000 C) $400,000 D) $650,000
________ is the stockholders' equity applicable to common shares divided by the number of common shares outstanding.
What will be an ideal response?
A feature of our current tax system is that all income is taxed uniformly
Indicate whether the statement is true or false.
Describe the specific practices organizations can engage in to foster each of the three forms of commitment. Give an example of each.
What will be an ideal response?