Aaron, Inc. estimates direct labor costs and manufacturing overhead costs for the coming year to be $760,000 and $520,000, respectively. Aaron allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 16,000 hours and 8000 hours, respectively. What is the predetermined overhead allocation rate

Answer:

the Predetermined overhead rate is $95 per machine hour

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate is

= (Estimated manufacturing overhead cost ÷ Estimated machine hours)

= ($760,000 ÷ 8000)

= $95 per machine hour

Hence, the Predetermined overhead rate is $95 per machine hour

Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) 61,500 Standard direct labor hours allowed (SQ) 63,000 Total payroll for direct labor $774,900 Direct labor efficiency variance $18,000 The direct labor flexible-budget variance for February was: $54,900 unfavorable. $42,300 unfavorable. $46,350 unfavorable. $18,900 unfavorable. $44,500 unfavorable.

The LFH Corporation makes and sells a single product, Product T. Each unit of Product T requires 1.5 direct labor-hours at a rate of $10.50 per direct labor-hour. The direct labor workforce is fully adjusted each month to the required workload. LFH Corporation needs to prepare a Direct Labor Budget for the second quarter of next year. The company has budgeted to produce 28,000 units of Product T in June. The finished goods inventories on June 1 and June 30 were budgeted at 800 and 600 units, respectively. Budgeted direct labor costs for June would be:
A. $294,000
B. $441,000
C. $444,150
D. $437,850

An acquiring company issues 500,000 shares of $6 par value common stock to acquire 100% of the voting common stock of an investee company in a transaction that qualifies as a business combination. The market value of the acquiring company's common stock is $30 per share. Direct legal and consulting fees incurred pursuant to the combination are $200,000. Direct registration and issuance costs for the acquiring company's common stock are $50,000. The transaction did not result in goodwill recognition or bargain gain recognition. What is the total amount of net assets recognized as a result of this business combination

Variable Costs + Fixed Costs = ?
Total output
Total costs
Marginal costs

Suppose you purchase one share of the stock of Red Devil Corporation at the beginning of year 1 for $44.75. At the end of year 1, you receive a dividend of $2 and buy one more share for $48.75. At the end of year 2, you receive total dividends of $4 (i.e., $2 for each share), and sell the shares for $56.75 each. What is the time-weighted return on your investment? (Round your answer to 2 decimal places. Do not round intermediate calculations.)

You are bullish on Telecom stock. The current market price is $50 per share, and you have $5,000 of your own to invest. You borrow an additional $5,000 from your broker at an interest rate of 8% per year and invest $10,000 in the stock. (LO 3-4) a. What will be your rate of return if the price of Telecom stock goes up by 10% during the next year

Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money in a lump sum or in a series of payments over time. If you pick the lump sum payout, you get $2,950 today. If you pick the payments over time payout, you get three payments: $1,000 today, $1,000 one year from today, and $1,000 two years from today. At an interest rate of 8% per year, you would be better off accepting the payout since it has the greater present value. At an interest rate of 10% per year, you would be better off accepting the payout since it has the greater present value. Years after you win the lottery, a friend in another country calls to ask your advice. By wild coincidence, she has just won another lottery with the same payout schemes. She must make a quick decision about whether to collect her money under the lump sum payout or the payments over time payout. What is the best advice to give your friend

Consider the following income statement for the Heir Jordan Corporation:
HEIR JORDAN CORPORATION
Income Statement
Sales $ 49,000
Costs 40,300
Taxable income $ 8,700
Taxes (22%) 1,914
Net income $ 6,786
Dividends $ 2,400
Addition to retained earnings 4,386


A 20 percent growth rate in sales is projected.
Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. (Input all answers as positive values. Do not round intermediate calculations.)

What is the projected addition to retained earnings? (Do not round intermediate calculations.)

On December 31, 2021, the end of the fiscal year, California Microtech Corporation completed the sale of its semiconductor business for $17 million. The semiconductor business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $16 million. The loss from operations of the segment during 2021 was $4.6 million. Pretax income from continuing operations for the year totaled $6.7 million. The income tax rate is 25%. Prepare the lower portion of the 2021 income statement beginning with income from continuing operations before income taxes. Ignore EPS disclosures. (Amounts to be deducted and negative amounts should be indicated with a minus sign. Enter your answers in whole dollars and not in millions.)

what is another factor that would be good to consider before choosing a career cluster?

HELP, 50 POINTS!
Which example needs a transition word or phrase between sentences to connect the ideas?

a.)
Engaging your employees in a day of service is a good way to make a difference in your community. The costs associated with shutting down your business for a full day may be significant.

b.)
Several significant hurricanes have hit the region in recent years. The damage done by them has caused insurance rates to rise.

c.)
Many students don't clearly understand what constitutes plagiarism. Therefore, plagiarism is often unintentional.

d.)
Real estate sales have moved in tandem with the stock market for the last 15 years. When the stock market has expanded, real estate sales have increased.

Given the following linear demand forecast: Demand = 50 + 10 X (where X is the desired forecast period), what is the predicted forecast at period 6?

. If you still donate the $100,000 from Problem 16 today, but ask the college to delay the scholarship payment so that the first scholarship payment is made 10 years from today, then how large will the annual payment be

DiSalvio Co. uses a job order cost system. The following data summarize the operations related to production for May:a. Materials purchased on account, $634,000.b. Materials requisitioned, $646,200, of which $74,500 was for general factory use.c. Factory labor used, $660,200, of which $91,200 was indirect.d. Other costs incurred on account for factory overhead, $147,500; selling expenses, $234,000; and administrative expenses, $146,400.e. Prepaid expenses expired for factory overhead were $29,200; for selling expenses, $26,800; and for administrative expenses, $18,000.f. Depreciation of office building was $84,600; of office equipment, $43,340; and of fac-tory equipment, $32,000.g. Factory overhead costs applied to jobs, $362,000.h. Jobs completed, $1,002,000.i. Cost of goods sold, $890,000.InstructionsJournalize the entries to record the summarized operations.SHOWME HOWGeneral Ledger Chapter 2 Job Order Costing 69Ex 2-18PR

Purpose: Organization design refers to the overall set of elements used to configure an organization. The purpose of this exercise is to give you insights into how managers must make decisions within the context of creating an organization design. Introduction: Whenever a new enterprise is started, the owner must make decisions about how to structure the organization. For example, he or she must decide what functions are required, how those functions will be broken down into individual jobs, how those jobs will be grouped back together into logical departments, and how authority and responsibility will be allocated across positions. Instructions: Assume that you have decided to open a handmade chocolate business in your local community. Your products will be traditional bars and novelty-shaped chocolates, truffles, other chocolate products such as ice cream, and gift baskets and boxes featuring chocolates. You have hired a talented chef and believe that her expertise, coupled with your unique designs and high-quality ingredients, will make your products very popular. You have also inherited enough money to get your business up and running and to cover about one year of living expenses in other words, you do not need to pay yourself a salary). You intend to buy food items including chocolate, cocoa, white chocolate, nuts, and fruit from suppliers who deliver to your area. Your chef will then turn those ingredients into luscious​

Harding Company is in the process of purchasing several large pieces of equipment from Danning Machine Corporation. Several financing alternatives have been offered by Danning: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. Pay $1,000,000 in cash immediately. 2. Pay $420,000 immediately and the remainder in 10 annual installments of $80,000, with the first installment due in one year. 3. Make 10 annual installments of $135,000 with the first payment due immediately. 4. Make one lump-sum payment of $1,500,000 five years from date of purchase. Required: Determine the best alternative for Harding, assuming that Harding can borrow funds at an 8% interest rate. (Round your final answers to nearest whole dollar amount.)

Which of the following sector has seen the biggest change in its target market demographics?
O cruise line sector
O lodging sector
O car rental sector
O foodservice sector

In 2014, Parker Company purchased land for $115,000 at a time when the land was appraised at $120,000. In 2017, Parker Company had the land appraised, and its value was estimated to be $210.000. Also during 2017, another company offered Parker $175,000 for the parcel of land. When the balance sheet is prepared at the end of 2017, at what dollar amount should the land be reported?
A. $115.000
B. $120,000
C. $175,000
D. $210,000

Discuss the various levels of management in the organization ​

Your new team is working hard, but they are all less experienced than you and don't complete their tasks as quickly

Can anyone please write a summery or a paragraph of life of a homless teen memoir in the Great depression please?

Simon and his managers are discussing the unemployment, inflation, and interest-rate trends that might affect their chain of sandwich shops over the next 12 months and the projected growth in the areas where the stores are located. The managers are studying the ______ forces in their organization's general environment.

-self motivation

- personal adapitlity

-openness to change

-resilience

Please check if my answers to first part is correct.
Discussion Question 4-6 (LO. 1)
1. Complete the statements below regarding "what is the control requirement of § 351".
The control requirement specifies that the person or persons transferring property to the corporation must own, immediately after the transfer, stock possessing at least 80% of the total combined voting power of all classes of stock entitled to vote, and at least 75% of the total number of shares of all other classes of the corporation's stock.
2. Classify the following as either "True" or "False" regarding the control requirement of § 351.
a. If a shareholder renders only services to the corporation for stock, the transfer cannot qualify under § 351 because services rendered are not "property."
b. If a shareholder renders services and transfers property to the corporation for stock, the shareholder will never be treated as a member of the transferring group.
c. Stock under momentary control counts in determining control if the plan for the sale or other disposition of the stock existed before the exchange.
d. If a long period of time elapses between the transfers of property by different shareholders to the corporation, the control requirement may be lost regarding the later transfers because no documentation exists making multiple transfers part of an integrated plan.

Applying the midpoint formula, what is the price elasticity of demand if a drop in the price of energy drinks from $2 to $1 per can leads to an increase in the quantity demanded from 100 million to 150 million cans

An increase in total assets: Group of answer choices means that net working capital is also increasing. requires an investment in fixed assets. means that stockholders' equity must also increase. must be offset by an equal increase in liabilities and stockholders' equity. can only occur when a firm has positive net income.

If hot dogs decrease in price, what will happen to the demand for hot dog buns?
O It will increase, due to a change in consumer income
O It will decrease, due to a change in consumer expectations
It will increase, due to a change in the price of a complement good

You have been accepted into college. The college guarantees that your tuition will not increase for the four years you attend. The first $10,000 tuition payment is due in six months. After that, the same payment is due every six months until you have made a total of eight payments. The college offers a bank account that allows you to withdraw money every six months and has a fixed APR of 4% (semiannual) guaranteed to remain the same over the next four years. How much money must you deposit today if you intend to make no further deposits and would like to make all the tuition payments from this account, leaving the account empty when the last payment is made

Suppose we observe the following two simultaneous events in the market for beef. First, there is a decrease in the demand for beef due to changes in consumer tastes. And second, there is a reduction in supply due to cattle farmers selling their land to real estate developers. We know with certainty that these two simultaneous events will cause which of the following?

A. No change in the equilibrium quantity and a reduction in the equilibrium price
B. An increase in the equilibrium quantity and in the equilibrium price
C. A decrease in the equilibrium quantity and an indeterminate change in the equilibrium price
D. A decrease in the equilibrium quantity and an increase in the equilibrium price

For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as follows: Pretax accounting income $ 360,000 Permanent difference (15,400 ) 344,600 Temporary difference-depreciation (19,100 ) Taxable income $ 325,500 Tringali's tax rate is 25%. Assume that no estimated taxes have been paid. What should Tringali report as its income tax expense for its first year of operations

On June 25, Obermayer Repair Service extended an offer of $127,000 for land that had been priced for sale at $145,000. On July 9, Obermayer Repair Service accepted the seller's counteroffer of $138,000. On October 1, the land was assessed at a value of $207,000 for property tax purposes. On December 22, Obermayer Repair Service was offered $221,000 for the land by a national retail chain.

At what value should the land be recorded in Obermayer Repair Service's records?
$fill in the blank 1