Answers
The following distinctions are given by that of the Academy of Real Property Management (IREM) within the CPM category.
What does a title in official use mean?A worded designation signed by such an Investor of Record of either a Fund, either in that Investor's initial application for such purchase of Shares, with or without a Classic Assurance, or in a separate manuscript with a Signature Guarantee, is referred to as being "Officially Designated" or "Officially Designated."
What must be completed for the job designation?Having a job designation shows that an individual has achieved a level of proficiency in their area on the professional level. These titles are obtained by professional associations, institutions of higher learning, or other reputable organizations.
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Related Questions
Human Resources and many other departments at Walmart will use the following as a form of business communication
Answers
Human Resources as well as many other departments at Walmart usually use Accounting as a form of business communication.
Human resources can be regarded as division of a business which carry out some functions such as;
finding and screening of employees. recruitment of employees.training job applicants.administering employee-benefit programs.This department overseas the employees affairs as well as their behavior.
Therefore, they use accounting as means of communication.
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GIVING 50 POINTS AND BRAINLIEST
PLS HURRY
Answers
Answer:
i aint downloading the document sounds fishy
it sounds fishy sorry- lol
Answer:
yeah sounds fishy but thanks anyways
Explanation:
sorryyy
what can prevent dollar general robbery prevention?
Answers
Additionally, the business employs loss prevention personnel who "will advise on security measures, investigate instances of theft, and coordinate with Dollar General management and government agencies to ensure that all loss prevention tactics are appropriate and legal," according to the website of a consumer advocacy group.
What is the company's strategy?The long history of profitable growth at Dollar General is based on a dedication to a comparatively straightforward business model: meeting a wide range of customers' basic daily and household needs, supplemented with a variety of general merchandise items at consistently low prices in conveniently located, small-box stores.
Customers are visually assured of their protection by security officers, and they act as a deterrent to bank robbers. 3) Using security cameras both inside and outside the bank to catch potential criminals and try to identify them.
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answer with one of your favorite nicknames given to you, and one you've given to someone else
Answers
My favorite nickname I gave someone would be "shortstack", to my brother who is shorter than me. And my favorite nickname I am was given would be pippy, in refer to Pippi longstock.
When the value of a currency A reduces as a result of an increase in the value of another currency B, then currency A would be said to have Select one O a, Arranged b. Depreciated OC Devalued O d. Denominated
Answers
the answer is not here the answer is deficit but I will pick depreciated
Part 1 of 4
Which of the following is an example of a firm's resources?
5
points
Multiple Choice
eBook
PepsiCo's Super Bowl commercials
Print
References
Apple's iPhone manufacturing facility
Amazon's acquisition of Whole Foods
Boeing's supply chain for the 787 Dreamliner aircraft
Deloitte's human resource management procedures
Answers
Answer:
Apple's iPhone manufacturing facility
Explanation:
A firm's resources comprise the tangible and non-tangible valuable items it uses in the production process. They include assets, employees, skills, patents, and technology used to manufacture goods and services. In most cases, resources require money to obtain.
Apple's iPhone manufacturing facility is a resource for the Apple company. The resource is used in the production of apple phone services meant for sale. The manufacturing facility is an asset of the company. It is required money to establish it.
Project: Facial Feedback Theory Conduct a study to observe facial feedback theory. please I really need help
Answers
The facial feedback hypothesis proposes that people's subjective emotional experiences are influenced by their facial expressions. However, the evidence for this hypothesis is mixed.
According to the facial feedback hypothesis, people's emotional experiences are influenced by their facial expressions. Smiling, for example, should make people feel happier, while frowning should make them feel sadder. According to the researchers, these effects occur because facial expressions provide sensorimotor feedback that contributes to the sensation of an emotion, serves as a cue that individuals use to make sense of ongoing emotional feelings, influences other emotion-related bodily responses, and/or influences the processing of emotional stimuli.
The facial feedback hypothesis as well as the original pen-in-mouth effect are both correct. If this is the case, scientists must figure out why others were unable to replicate the pen-in-mouth effect. One theory is that the replicators did not perform a true direct replication because they deviated from the original study by recording the participants openly (per the advice of an expert reviewer).
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Answer: My project is attached for anyone who might still need it
Explanation: Hope this helps! Good luck!
Ball writes to Sullivan and inquires how much Sullivan is asking for a specific forty-acre tract of land Sullivan owns. Ball then receives a letter from Sullivan stating, "I will not take less than $60,000 for the forty-acre tract as specified." Ball immediately sends Sullivan a fax stating, "I accept your offer for $60,000 for the forty-acre tract as specified." Can Ball hold Sullivan to a contract for sale of the land? Why or Why not? Explain.
( 200 WORD COUNT PLS HELP!)
Answers
According to the given case, there is no contract. For an offer to exist, the offeror must show a definite intention to make and be bound by the offer.
What do you mean by contract for sale?A contract for the selling of products is one in which the seller sells the buyer the property in the goods in exchange for payment. Between two co-owners, there might be a contract of exchange.
A contract of sale, sales contract, sales order, or contract for sale is a written agreement between a customer (or purchaser) and a seller (or vendor) for the acquisition of assets (goods or property), at an agreed-upon price in money (or money equivalent).
Therefore, according to the given case, there is no contract. For an offer to exist, the offeror must show a definite intention to make and be bound by the offer. Invitations to trade or negotiate or mere statements of intentions to enter into a contract upon further bargaining do not constitute offers but are instead preliminary negotiations.
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A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $21,832 representing a loss of $3,248. Determine the amount that would appear in the operating activities section of the statement of cash flows based on this transaction.
Answers
In the operating activities section of the statement of cash flows, the amount related to this transaction would be the loss of $3,248 added back to the net income.
In the indirect method of preparing the statement of cash flows, the operating activities section includes adjustments to net income for non-cash items and changes in working capital. The sale of a fixed asset and the loss incurred from it are both non-cash items that need to be considered.
Since the loss from the sale of the fixed asset is $3,248, this loss is added back to the net income when calculating the operating activities section. This is because the loss is a non-cash expense and does not represent an actual outflow of cash.
Therefore, in the operating activities section of the statement of cash flows, the amount related to this transaction would be the loss of $3,248 added back to the net income. This adjustment would increase the net income by $3,248 in the operating activities section, reflecting that the loss from the sale of the fixed asset does not affect the cash generated or used by the operating activities of the corporation.
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What other elements can be included in word processing documents besides text?
Answers
Answer:
Microsoft Word is a popular word processing software. It helps in arranging written text in a proper format and giving it a systematic look. This formatted look facilitates easier reading. It provides spell-check options, formatting functions like cut-copy-paste, and spots grammatical errors on a real-time basis. It also helps in saving and storing documents.
It’s also used to add images, preview the complete text before printing it; organize the data into lists and then summarize, compare and present the data graphically. It allows the header and footer to display descriptive information, and to produce personalized letters through mail. This software is used to create, format and edit any document. It allows us to share the resources such as clip arts, drawing tools, etc. available to all office programs.
In this chapter, you will learn about Concepts related to MS Word in detail. You will know about Word Processing Basics, Opening and Closing the Document, Text Creation and Manipulation, Formatting Text, and Table Manipulation.
Basics of Word Processing
Word processor is used to manipulate text documents. It is an application program that creates web pages, letters, and reports.
Jim has to step into an existing high-priority project as the current project manager has suddenly reported sick just before an important milestone. He finds that the team is exhausted on account of the high workload, morale is low, and the client is pushing forward with previously agreed but clearly unreasonable deadlines. 1. What is the second most effective responsive? Jim decides to set the house in order. He informs his director with a status report detailing the issues, informs him that he would be talking with the client to discuss the deadlines, and needs to sit with the team to review and resolve the issues to the extent possible before the next scheduled delivery. Jim tries to maintain the status quo and presses forward with the team to ensure client deadlines are met, no matter what. It is just a matter of holding the fort till the original project manager is back. Jim decides it is not worth stake his reputation on an ill-fated project, informs his director accordingly with a status report detailing the issues, and excuses himself from the project.
Answers
The second most effective response is, Jim decides to set the house in order. He informs his director with a status report detailing the issues, informs him that he would be talking with the client to discuss the deadlines, and needs to sit with the team to review and resolve the issues to the extent possible before the next scheduled delivery. Option a is correct.
The second most effective response would be option (a). Jim needs to communicate with the director about the situation and then address the issues with the team and client. It is important to set realistic expectations and ensure that everyone is on the same page. Ignoring the problems and pressing forward (option b) could result in further burnout and even more problems down the line.
Walking away from the project (option c) is not a good option either, as it does not address the current situation and could harm Jim's professional reputation. It is important to take responsibility and make an effort to improve the situation to the best of Jim's ability. Option a is correct.
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how will you react to the following destroying or removing information that could hurt your company if it fell into the wrong hands.
Answers
I will say it is crucial to prioritize ethical behavior and transparency. Instead of destroying or removing information, we should focus on implementing robust security measures to safeguard sensitive data.
How can we protect sensitive information from unauthorized access?Protecting sensitive information from unauthorized access is essential for companies to maintain trust with their stakeholders. Instead of resorting to destroying or removing information, it is more beneficial to invest in robust security measures.
By implementing strong encryption, access controls, and regular security audits, we will significantly reduce the risk of sensitive data falling into the wrong hands. Also, fostering a culture of responsible data handling and training employees on best security practices can further enhance the overall protection of company information.
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Scobie Company began 2016 with a retained earnings balance of $142,400. During an examination of its accounting records on December 31, 2016, Scobie found it had made the following material errors, for both financial reporting and income tax reporting, during 2015.
1. Depreciation expense of $15,000 inadvertently had been recorded twice for the same machine.
2. No accrual had been made at year-end for interest; therefore, interest expense had been understated by $4,000.
Scobie’s net income after taxes during 2016 was $60,000. The company has been subject to a 30% income tax rate for the past several years. It declared and paid dividends of $13,000 during 2016.
Required:
1. Prepare whatever journal entries in 2016 are necessary to correct Scobie’s books for its previous errors. Make your corrections directly to the Retained Earnings account.
Answers
The total retained earnings on 31st December 2016 is $197,100. The journal entry are attached below.
What is Retained Earnings?Retained earning is basically the profits of the company which is kept aside to meet the future requirement of the company. It the amount which is left over after deducting all cost such as direct cost, indirect cost, income taxes and dividend.
The retained earning is used in the future projects or for buying the equipment for the company.
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.
See if you can match the design approaches Kate uses to the messages she applied them to.
Click to select each message design approach, then click the blank space for the message it
matches to move it.
"I know you're on deadline, but I also know that the project is very important for all of us. May
I ask you a question about it..."
"We've just experienced three problems with the ABC product. The problems are... I see three
simple solutions, and they are... I'll go ahead and implement these solutions on Thursday
unless I hear otherwise from you before then..."
"Given your announcement that customer service is our #1 priority for the month, I would like
your approval to hire a temp to help Bill this month so he can focus on service enhancements."
"Have you seen this quarter's revenue figures? They're 30 percent higher than last quarter.
Would you like to increase the budget for the XYZ product?"
Select one
Select one
Select one
Select one
Answers
The design approaches to the messages as observed are Emotional appeal, Problem-solution approach, Persuasive approach based on shared values, and Data-driven approach.
What are the appropriate matching of the approaches?Matching each message with its corresponding design approach are as follows:
1. "I know you're on deadline, but I also know that the project is very important for all of us. May I ask you a question about it..."
Design approach: Emotional appeal
2. "We've just experienced three problems with the ABC product. The problems are... I see three simple solutions, and they are... I'll go ahead and implement these solutions on Thursday unless I hear otherwise from you before then..."
Design approach: Problem-solution approach
3. "Given your announcement that customer service is our #1 priority for the month, I would like your approval to hire a temp to help Bill this month so he can focus on service enhancements."
Design approach: Persuasive approach based on shared values
4. "Have you seen this quarter's revenue figures? They're 30 percent higher than last quarter. Would you like to increase the budget for the XYZ product?"
Design approach: Data-driven approach
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what Is quality Control
Answers
Answer:
a system of maintaining standards in manufactured products
You have just learned that the United States and China have signed a new trade agreement. This agreement will make it easier for non-Chinese companies to sell electronic components such as those your firm makes in China. Does this new trade agreement reflect a strength, a weakness, an opportunity, or a threat?
Answers
Trade agreements bring different strengths for the economy, weaknesses of the implementation of plan; growth opportunities for both the economies; and lastly threats to the local and domestic competitors.
What are trade agreements?
The agreement entered into by two or more economies or organizations to conduct lawful trade activities in a predetermined manner is known as a trade agreement.
Based upon the trade agreements, following are:
Strengths – Development of trade relations; availability of products at cheaper prices. Weaknesses – Irregularities in the agreement leading to the failure of trade activities. Opportunities – Exposure to new market; increased consumer loyalty; trade expansion. Threats – Competition given by domestic manufacturers.Hence, the traits of the trade agreement are aforementioned.
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How easily an investment can be exchanged for cash is known as what
Answers
Explanation: “Liquidity refers to the ease with which an asset, or security, can be converted into ready cash without affecting its market price.”
Data collected from selected major metropolitan areas in the eastern United States show that 5% of individuals living within the city limits move to the suburbs during a one-year period, while 2% of individuals living in the suburbs move to the city during a one-year period.
Prepare the matrix of transition probabilities.
Answers
1) Competition from companies such as BMW,
Hyundai, and Honda is a part of Ford Motor
Company's business environment.
a
b
с
d
e
domestic
political-legal
global
sociocultural
economic
Answers
I hope this helps have an excellent day!
Hi there !
Topic - Balance sheets
What is a capital expenditure versus a revenue expenditure?
Nonsense = Reported
Please answer A.S.A.P
Thank you
Answers
Answer:
Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period while revenue expenditures are typically referred to as ongoing operating expenses, which are short-term expenses that are used in running the daily business operations.
Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)
Answers
Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.
The three lease options available to Beverly Mills are as follows:
Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile
Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile
Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile
Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
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Baker Industries’ net income is $26000, its interest expense is $5000, and its tax rate is 45%. Its notes payable equals $27000, long-term debt equals $70000, and common equity equals $260000. The firm finances with only debt and common equity, so it has no preferred stock. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below.
ROE =
ROIC =
Answers
ROE (Return on Equity) = Net Income / Total Equity
Total Equity = Common Equity + Long-Term Debt + Notes Payable = $260000 + $70000 + $27000 = $333000
ROE = $26000 / $333000 = 0.0779 or 7.79%
ROIC (Return on Invested Capital) = (Net Income + Interest Expense) / (Total Debt + Total Equity)
Total Debt = Long-Term Debt + Notes Payable = $70000 + $27000 = $97000
ROIC = ($26000 + $5000) / ($97000 + $333000) = 0.0598 or 5.98%
Note: The ROE represents the return that the equity owners receive on their investment in the company, while the ROIC represents the return that the company is generating on all its capital investments, including both debt and equity.
Hope this helps,
- Jeron :- )
How much do you have to deposit today so that exactly 10 years from now you can withdraw $10,000 a year for the next five years? Assume an interest rate of 6%.
Answers
The amount that you have to deposit today so that exactly 10 years from now you can withdraw $10,000 a year for the next five years with an assumption of an interest rate of 6% is $26,409.32
How do you calculate the amount to be deposited?To find out how much you would need to deposit today in order to be able to withdraw $10,000 per year for the next five years, starting exactly 10 years from now, you can use the present value formula:
PV = FV / (1+r)^n
where:
PV is the present value (the amount you need to deposit today)FV is the future value (the total amount you want to be able to withdraw)r is the interest raten is the number of yearsIn this case, FV is $10,000 * 5 = $50,000 (since you want to be able to withdraw $10,000 per year for 5 years) and r is 6% (the interest rate you are assuming). n is 10, since you want to be able to withdraw the money exactly 10 years from now.
Plugging these values into the formula, we get:
PV = $50,000 / (1 + 0.06)^10
Solving this equation, we find that the present value (the amount you need to deposit today) is approximately $26,409.32. This means that if you deposit this amount today and earn 6% interest per year, you will be able to withdraw $10,000 per year for the next five years, starting exactly 10 years from now.
Therefore, the correct answer is as given above
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The director decides to move forward to fix this issue.
"I'd like you to come up with a strategy to fix this misperception by consumers. I want this strategy to create an almost involuntary reaction in the consumer of thinking 'good-tasting cookie' whenever they see 'Cocoa Cremes'."
"I think once they learn and remember that the cookie brand stands for an enjoyable eating experience, we may see an increase in sales."
Which strategy would you recommend to the director?
Answers
You will recommend developing an advertising strategy that pairs image of people eating and enjoying cookies .
Elaborating:This is primarily due to the fact that the company is compelled to show customers a product commercial with two pictures of people eating and enjoying cookies bearing the brand name. which will undoubtedly recall the advertising campaign and brand name.
Every time they see advertising that uses the brand name, customers would be encouraged to try the product. Your brand's exposure through this strategy will undoubtedly result in increased sales. Customers will begin to view the brand in a more favorable light as a result of this positive influence.
Despite the fact that managers frequently employ both mental models, they frequently fail to recognize the differences. Additionally, decision-makers fall prey to mental pitfalls as a result of this lack of awareness. We can avoid falling into these traps and make better decisions if we understand backward and forward thinking.
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Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends
Answers
(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.
(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.
(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:
Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000
Cash Cr. Br 540,000
This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.
(b) To record revenue and dividends for the year:
On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.
Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)
Revenue from Investment in YY Ltd. Cr. Br 45,000
This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.
On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.
Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)
Revenue from Investment in YY Ltd. Cr. Br 81,000
This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.
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Hollywood Co. computed an overhead rate for machining costs ($1,500,000) of $15 per machine hour. Machining costs are driven by machine hours. The company produces two products, Chapel and Tower. Chapel requires 60,000 machine hours, while Tower requires 40,000 machine hours. Using activity-based costing, machining costs using machine hours to assign overhead to each product is
Answers
Answer:
Results are below.
Explanation:
To allocate overhead to Chapel and Tower, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Chapel:
Allocated MOH= 15*60,000
Allocated MOH= $900,000
Tower:
Allocated MOH= 15*40,000
Allocated MOH= $600,000
Relate systems management theory
Answers
Explanation:
Management theories are concepts surrounding recommended management strategies, which may include tools such as frameworks and guidelines that can be implemented in modern organizations. Generally, professionals will not rely solely on one management theory alone, but instead, introduce several concepts from different management theories that best suit their workforce and company culture.
You have been appointed as a manager at XTZ company. Your style of leading is an Autocratic style. this is a style where you take strict controls and actions over all management activities. the old culture that was present at XTZ company was very flexible due to the nature of old manager and all employees are now resisting to adjust to the new manager.Explain how are you going to solve this matter as a manager
Answers
It's important for the manager to change his leadership style in order to lead the workforce.
Who is a manager?It should be noted that a manager simply means an individual who leads a team to achieve a common goal.
In this case, it's important for the manager to change his leadership style in order to lead the workforce. This is needed to being about unity and promote growth.
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explain in a essay on good or bad services that you have at a hospital
Answers
Title: An Assessment of Good and Bad Services in a Hospital
Hospitals are crucial institutions that provide essential medical care to individuals during times of illness or injury.
The quality of services offered by hospitals plays a significant role in patient satisfaction, outcomes, and overall healthcare experience.
In this essay, we will explore and evaluate both good and bad services that can be encountered in a hospital setting. Prompt and Efficient Care: A hallmark of a good hospital is the ability to provide prompt and efficient care.
This includes minimal waiting times, quick triage processes, and timely access to medical professionals. Patients appreciate hospitals that prioritize their well-being and minimize unnecessary delays.
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In the present quickly developing medical services, administration quality assumes a vital part in forming patients' encounters and fulfillment. Hospitals, as the essential suppliers of medical services administrations, are supposed to convey great consideration in a humane and effective way.
Administration quality in hospital settings can change essentially, affecting patients' encounters, fulfillment, and in general medical services results. While great emergency clinics focus on empathy, powerful correspondence, and idealness, examples of unfortunate help, like breakdowns in correspondence and significant delays, can sabotage patients' trust in the medical services framework.
Hospitals should consistently evaluate and further develop their administration conveyance to guarantee that patient-focused care stays at the cutting edge of their tasks.
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Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software that it purchases and installs on behalf of its clients. The firm’s direct labor includes salaries of consultants that work at the client’s job site, and its overhead consists of costs such as depreciation, utilities, and insurance related to the office headquarters as well as the office supplies that are consumed serving clients.
Tech Solutions computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 72,500 direct labor-hours would be required for the period’s estimated level of client service. The company also estimated $652,500 of fixed overhead cost for the coming period and variable overhead of $0.50 per direct labor-hour. The firm’s actual overhead cost for the year was $671,800 and its actual total direct labor was 77,550 hours.
Required:
1. Compute the predetermined overhead rate.
2. During the year, Tech Solutions started and completed the Xavier Company engagement. The following information was available with respect to this job:
Direct materials $ 43,500
Direct labor cost $ 23,400
Direct labor hours worked 300
Compute the total job cost for the Xavier Company engagement.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Compute the predetermined overhead rate. (Round your answer to 2 decimal places.)
Predetermined overhead rate per DLH
Compute the total job cost for the Xavier Company engagement. (Round your intermediate calculations to 2 decimal places.)
Direct materials
Direct labor
Overhead applied
Total manufacturing cost
Answers
Answer:
1. $9.50 per Direct labor hour
2. $69,750
Explanation:
1. Computation for the predetermined overhead rate
First step is to calculate the Total Estimated overhead cost
Variable overhead cost $36,250
(72,500 Direct labor hours *$ 0.50 )
Add Fixed overhead cost $652,500
Total Estimated overhead cost $688,750
Now let calculate the predetermined overhead rate
Using this formula
Predetermined overhead rate = Total estimated overhead cost / Total estimated direct labor hours
Let plug in the formula
Predetermined overhead rate = $688,750 / 72,500
Predetermined overhead rate = $9.50 per Direct labor hour
Therefore Predetermined overhead rate will be $9.50 per Direct labor hour
2. Computation for the total job cost for the Xavier company Engagement
Direct Materials $43,500
Direct Labor $ 23,400
Overhead applied $2,850
(300 Direct labor * $9.50 )
Total Manufacturing cost $69,750
Therefore total job cost for the Xavier Company engagement will be $69,750