Fine Furnishings manufactures upscale custom furniture. currently uses a plantwide overhead rate based on direct labor hours to allocate its of manufacturing overhead to individual jobs.​ However, ​, owner and​ CEO, is considering refining the​ company's costing system by using departmental overhead rates.​ Currently, the Machining Department incurs of manufacturing overhead while the Finishing Department incurs of manufacturing overhead. has identified machine hours​ (MH) as the primary manufacturing overhead cost driver in the Machining Department and direct labor​ (DL) hours as the primary cost driver in the Finishing Department.

Required:
Compute the plantwide overhead rate assuming that Farmers expects to incur 30,000 total.

Answers

Answer 1

Answer:

$43

Explanation:

Note: The full question is attached below as picture

Plant overhead rate = Total manufacturing overhead / Cost allocation cost base

Plant overhead rate = $1,290,000 / 30,000

Plant overhead rate = $43

Fine Furnishings Manufactures Upscale Custom Furniture. Currently Uses A Plantwide Overhead Rate Based

Related Questions

1. ______ are costs that do not require a monetary payment
A) Accounting costs
B) Explicit costs
C) All opportunity costs
D) Implicit costs
2. Joe runs a restaurant. He pays his employees $200,000 per year. His ingredients cost him $50,000 per year. Prior to running his restaurant, Joe was a lawyer earning $150,000 per year. What would economists say is Joe’s cost of running the restaurant?
A) $150,000
B) $200,000
C) $250,000
D) $400,000

Answers

1. The cost that does not need a monetary payment is the implicit cost.

2. The cost of running the restaurant is $400,000.

1.

Implicit cost is normally:

The opportunity cost that occurred at the time when the company used the resources i.e. owned for the production without considering any payment regarding the resources.Here monetary payment should not be involved.

Therefore rest of the given costs should involve monetary payments.

2. The cost of running the restaurant is as follows:

= Employee payment + ingredients cost + lawyer earnings

= $200,000 + $50,000 + $150,000

= $400,000

Therefore we can conclude that

1. The cost that does not need a monetary payment is the implicit cost.

2. The cost of running the restaurant is $400,000.

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1. ______ are costs that do not require a monetary payment A) Accounting costs B) Explicit costs C) All

Which individual is the best candidate to be approved for a loan? Group of answer choices An individual with good credit, irregular income, and seasonal employment An individual with poor credit, irregular income, and stable employment An individual with average credit, steady income, and part-time employment An individual with excellent credit, steady income, and stable employment

Answers

Answer:

An individual with excellent credit, steady income, and stable employment.

Answer:

The answer is D. An individual with excellent credit, steady income, and stable employment.

Explanation:

This is due to them being the most reliable out of all the individuals given.

The degree of operating leverage can be multiplied by a change in sales to determine the change in profit. (T/F)

Answers

The stated statement is true so because change in profit may be calculated by multiplying the degree of operational leverage by a change in sales.

How does leverage work?

Financial leverage is the use of borrowed money (debt) to finance the purchase of assets in the anticipation that the income from the new asset or return of capital would outweigh the cost of borrowing. The definition of leverage is summed up in this idea.

How is leverage used in the workplace?

The capacity to double your efforts through influencing a systems or environment is known as leverage. To put it another way, it is putting in the correct amount of work through the right channels to increase returns for your company.

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5. Patrice is creating a report that will contain financial information for each month in the last fiscal year, including
sales, cost of goods sold, fixed costs, variable costs, and scrap costs. This information is quantitative, and he doesn't
want to use a lot of space. What visual aid is best for this?

Answers

The best visual aid for creating a report that will contain financial information for each month in the last fiscal year, including sales, cost of goods sold, fixed costs, variable costs, and scrap costs will be a graph.

What is visual aid?Visual aids are visual elements such as graphics, photos, and video clips that are used in addition to audio information. Visual aids are selected according to their purpose of Summarize InformationDescriptive material, such as a movie, slide, or model, is designed to supplement plainly written or spoken information.Mainly visual aids such as charts, maps, models,educational films or film strips.it is the representation of the relationships between data, ideas, information, and concepts that is easy to understand and one of the most important learning strategies. This type of presentation is more effective for understanding and comparing data than a tabular format.Also, it helps to qualify, sort, and present your data in a way that is understandable to a wider audience. Charts allow us to explore of causal relationships between two variables through both time series and frequency distributions. Data from various surveys are charted using symbols such as lines in line charts, bars in bar charts, or slices in pie charts. This visual representation helps clarify, compare, and understand numerical data.

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Please Help ASAP!

2. Identify at least three factors that may influence Eric's decision, including Eric's savings and any ways he could reduce the total cost of the loan.

Answers

The three factors that influence Eric's decisions are the lowest rate of return along with the shorter duration of time.

What is Loan?

A Loan is referred to as the amount which an individual borrows from a financial institution at a certain rate of interest to start any business or to fulfill their needs.

When Applying for any loan it is important to conduct research about the rate of return which helps in saving a large rate of income for an individual.

While making a decision for a loan, it should be determined which financial institution provides maximum facility on any Loan in order to repay it timely and reduce the burden on an individual.

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What are the advantages of first recording transactions in the journal and then posting to the ledger?

Answers

The advantages of first recording transactions in the journal and then posting to the ledger are:

it discloses in one place the complete effects of a transactionit provides a chronological record of transactions.

What is journal in accounting?

A journal is a physical record or digital document kept as a book, spreadsheet, or data within accounting software for accounting purposes. When a business transaction occurs, the financial transaction is recorded as a journal entry by a bookkeeper. If the expense or income has an impact on one or more business accounts, the journal entry will include that information as well.

Journaling is an important component of objective record-keeping because it allows for concise reviews and records-transfer later in the accounting process. Journals, along with the general ledger, are frequently reviewed as part of a trade or audit process. Sales, expenses, cash movements, inventory, and debt are common items recorded in a journal.

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New York and Ohio are among the states with the most remaining drive in movie screens . New York has 4 more screens than Ohio and there are 52 screens total in the two states . how many drive in movie screens remain in each state.

Answers

EXPLANATION:
Let the no. of screens in Ohio be n.
So, no. of screens New York = n + 4
Total no. of screens= 52

Finding the value of n:
n + n + 4 = 52
=> 2n + 4 = 52
=> 2n = 52 - 4
=> n = 48/2
=> n = 24

ANSWER: There are 24 movie screens in Ohio & (24+4) 28 movie screens in New York.

Hope it helps u!

Alpine West, Inc., operates a downhill ski area near Lake Tahoe, California. An all-day, adult ticket can be purchased for $80. Adult customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from December 1 through April 30. The season pass is nontransferable, and the $460 price is non refundable. Alpine expects its season pass holders to use their passes equally throughout the season. The company's fiscal year ends on December 31. On November 6, 2013, Jake Lawson purchased a season ticket.

Required:
a. When should Ski West recognize revenue from the sale of its season passes?
b. Prepare the appropriate journal entries that Ski West would record on November 6 and December 31.
c. What will be included in the Ski West 2016 income statement and balance sheet related to the sale of the season pass to Jake Lawson?

Answers

Answer:

Alpine West, Inc.

a. When Alpine West, Inc. should recognize revenue from the sale of its season passes evenly over five months from December to April when the passes are put to use.

b. General Journal for

November 6:

Debit Cash Account $460

Credit Deferred Revenue $460

To record the purchase of a season ticket or pass by Jake Lawson.

December 31:

Debit Deferred Revenue $92

Credit Service Revenue $92

To record the ski service consumed by Jake Lawson for December.

c. In Alpine West, Inc.'s income statement and balance for 2013, the following amounts will be included in relation to the sale of the season pass to Jake Lawson:

Income Statement: Service Revenue $92 and related costs.

Balance Sheet: Deferred Revenue (Liabilities side) $368 ($460 - 92).

Explanation:

Alpine West, Inc. will make the above entries in accordance with the accrual concept and matching principle of generally accepted accounting principles.  These require that revenue, income, and expenses related to a period must be accrued for that period whether actually received / paid or not.  It also means that the costs incurred for any revenue generated must be matched to the revenue and vice versa for that particular period.


Insurance companies create a pool of funds to handle
Orisk
O gain
Oloss
O safety
10

Answers

Answer:

A) risk

Explanation:

An insurance company creates a pool of funds to handle risk. This helps to protect the company financially if there are more claims than expected.

sorry that wasn't the right answer but I love the effort you put into it!

Answers

Answer: 0+0=0 (Thank youuuu for the points)

question in photo! please answer in full detail!

question in photo! please answer in full detail!

Answers

The goal is to defend a policy proposal on trade or environmental sustainability the role is representative from a local community while the audience is World Bank.

How to explain the information

The speech must be clear, concise, and persuasive. It must cite its sources accurately. It must be tailored to the specific audience of the World Bank.

Trade has the potential to lift people out of poverty and improve their standard of living. It can also help to protect the environment by promoting sustainable practices. For example, when countries trade with each other, they can share information about best practices in environmental protection. This can help to reduce pollution and conserve resources.

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Credit cards and charge cards differ in two important ways.one is the method of payment.what is the other difference

Answers

While credit cards and charge cards may seem similar on the surface, there are important differences in their method of payment, impact on credit scores, and rewards programs

Credit cards allow users to carry a balance from month to month, while charge cards require the balance to be paid off in full each month.

The second difference between credit cards and charge cards is the way in which they impact credit scores. Credit cards are reported to credit bureaus and can have a positive or negative impact on a user's credit score depending on their payment history and credit utilization.

Charge cards, on the other hand, are not reported to credit bureaus in the same way that credit cards are. Instead, they are typically only reported if the user fails to pay the balance in full each month, which can negatively impact their credit score.

Another important distinction between credit cards and charge cards is the types of rewards and benefits they offer. Many credit cards offer rewards programs, such as cash back, airline miles, or points for purchases. Charge cards may offer similar benefits, but typically have higher annual fees and stricter requirements for eligibility.

In conclusion, It's important for users to carefully consider their needs and financial situation before choosing between the two.

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A vegetable vendor sells carrots he sold 50% of the carrots he had in the morning of the remaining 75% was sold in everything and he still was left with 16.25 kg with him at the of the day what was the quality of carrots after a day

Answers

Answer:

65 kilograms of carrots

In 2018, Southwestern Corporation completed the treasury stock transactions listed below.

February 2: Reacquired 67,000 shares at $11.70.
March 17: Sold 17,000 treasury shares at $13.85.
May 17: Sold 22,000 treasury shares at $7.85.

Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months ago. Prepare the journal entries to record the above transactions.

Answers

Answer:

realy sorry but i don't know pardon mr for this

soooooooooooorrryyyyyy

Under Regulation 187, what must producers provide to a consumer if they are authorized to offer products that provide for both a fee-based and commission-based structure?
A) Nothing- Such products can no longer be sold in New York
B) A disclosure notice that the product's compensation structure could bias the producer's recommendation
C) A comparison form that shows the difference between the products
D) The form from the producer's insurer that authorizes such permission

Answers

Option d is fully correct that is The form from the producer's insurer that authorizes such permission.

What conditions must be met for Regulation 187 in New York?

A new York When recommending or servicing a policy issued in New York, producers and insurers are required by Regulation 187 to put in place a process that guarantees they are acting only in the best interests of the consumer and not taking the producer's or insurer's financial interests into account.

Recommendations made by a producer in the sale of a policy or in some in-force transactions are governed by Regulation 187. The Regulation places emphasis on direct producer involvement and mandates that producers make recommendations with the best interests of the consumer in mind.

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Explain why domestic trade is important to the economy​

Answers

Answer: The importance of domestic trade in a country is that it facilitates exchange of goods within the country. ... By allowing all different types of goods and services to reach to all parts of the country it improves the standard of living of the residents of the country as well as the employment rate of the country.

Explanation: Please mark me brainliest! Have a great day!!!

purchase goods worth rs 20000 from Shyam on credit and paid 50% in cash​

Answers

Answer:

Purchases a/c dr 20000

To cash a/c 15000

To Ram's a/c 5000

Is rental income debit or credit

Answers

Answer:

Debit

Explanation:

Rent Income is recorded by crediting the account. Cash is debited if cash is received. Rent Receivable is debited if it is to be collected at a later date.

The brand changes form part of a strategic plan the group conceived in September last year called Ekuseni (the Zulu word for “dawn”)”
“Pick n Pay and its new CEO are taking the fight to competitors in a strategy..”
“Pick n Pay yesterday launched a new strategic plan…”
Evaluate the proposed strategy that Pick n Pay is planning to implement, including in your evaluation, the potential risks attached to the proposed new strategy

Answers

Pick n Pay's proposed strategy, known as Ekuseni, aims to implement changes in their brand and take the fight to competitors. The strategy, conceived in September last year, focuses on strategic planning and was launched recently. While the strategy holds potential for success, there are risks associated with its implementation.

1. Pick n Pay's proposed strategy, called Ekuseni, includes changes to their brand and a competitive approach to rivals. This strategic plan was conceived in September last year, with the term Ekuseni referring to "dawn" in Zulu.

2. The strategy aims to revamp the brand image and position Pick n Pay as a strong competitor in the market. By taking the fight to competitors, the company intends to gain a competitive edge and attract more customers.

3. The launch of the new strategic plan indicates that Pick n Pay is committed to implementing this strategy and achieving its goals. It demonstrates the company's intention to adapt and stay relevant in the evolving market.

4. However, like any strategic plan, there are potential risks associated with its implementation. These risks include customer resistance to changes in the brand, increased competition from rivals, and potential financial strains due to the cost of rebranding and marketing efforts.

5. Customer resistance is a common risk when brands undergo significant changes. If the proposed strategy doesn't resonate with Pick n Pay's target market, it could lead to a decline in customer loyalty and affect sales.

6. Additionally, taking the fight to competitors may trigger retaliatory actions from rival companies. This could result in intensified competition, price wars, and potential market share loss for Pick n Pay.

7. Finally, implementing a new strategic plan involves financial investments. The cost of rebranding, marketing campaigns, and operational changes may strain the company's resources, potentially impacting its financial stability.

In conclusion, while Pick n Pay's proposed strategy holds promise for the company's growth and competitiveness, there are risks involved. Proper planning, market research, and effective execution will be crucial to mitigating these risks and ensuring the success of the strategy.

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Fixed-income securities consist of debt instruments and preferred stock. Bonds are debt securities in which a borrower promises to pay a specified interest rate and principal at a future date.
The entity that promises to make the interest and maturity payments for a bond issue is called the:________.
Based on the information given in the following statement, answer the questions that follow: In July 2009, Walmart sold 100 billion yen of five-year samurai bonds. Lead managers in the deal were Mizuho Securities, BNP Paribas, and Mitsubishi UFJ Securities.
1. What type of bonds are these?
a. Government bonds
b. Municipal bonds
c. Corporate bonds
2. Who is the issuer of the bonds?
a. BNP Paribas
b. Walmart
c. Mitsubishi UFJ Securities
3. Which of the following statements is true about bonds?
a. When interest rates increase, the prices of U.S. Treasuries decline.
b. When interest rates increase, the prices of U.S. Treasuries increase.
4. Which of the following types of bonds has the least default risk?
a. Municipal bonds
b. Corporate bonds
c. Treasury bonds

Answers

Answer:

a. Issuer

The entity that promises to make payments on the bond is the entity that issued the bond and they are therefore known as the Bond Issuer.

1. c. Corporate bonds

When a private company issues bonds, these bonds are known as Corporate Bonds. They often offer the most return of the 3 options as they are the riskiest.

2. b. Walmart

Walmart are the issuers of the bond. The rest are Lead Managers who are often Investment banks who help in the facilitation of Bond Issuance.

3. a. When interest rates increase, the prices of U.S. Treasuries decline.

Bond prices and interest rates have an inverse relationship. This is because of the fixed interest payment that bonds offer which can either be attractive or not to investors depending on market rates. For instance, when interest rates are high, other investment vehicles will offer more returns than bonds and so people will divest from them which will reduce their price.

4. c. Treasury bonds

US Treasury and indeed Government bonds on average are the least riskiest of the options listed as they are backed by the full weight and faith of the central government and all its assets. If all else fails, the Central Government could simply print more money to pay off the bonds.

Given the information below, calculate the net cash provided from operating activities for Baskin Peter Pty. Ltd.

Receipts from customers $279,247

Payments for property, plant & equipment $42,310

Interest paid $4,231

Proceeds from issue shares $25,836
Payments to supplier and employees $220,013

Repayment of borrowings $53,331

GST paid $16,924

Payments for motor vehicle $37,985

Interest received $6,770

Select one:

$61,773

$44,849

$55,345

$49,080

Answers

To calculate the net cash provided from operating activities, we need to add up the cash inflows from operating activities and subtract the cash outflows from operating activities.

The cash inflows from operating activities are:

Receipts from customers: $279,247

Interest received: $6,770

Total cash inflows from operating activities: $286,017

The cash outflows from operating activities are:

Payments to suppliers and employees: $220,013

GST paid: $16,924

Total cash outflows from operating activities: $236,937

Therefore, the net cash provided from operating activities is:

Net cash provided from operating activities = Cash inflows from operating activities - Cash outflows from operating activities
Net cash provided from operating activities = $286,017 - $236,937
Net cash provided from operating activities = $49,080

Therefore, the net cash provided from operating activities for Baskin Peter Pty. Ltd. is $49,080.

So the answer is D) $49,080.

1. WHAT IS TIME MANAGEMENT TO YOU AND WHY WOULD YOU MANAGE YOUR TIME BETTER?
EXAMPLE?

Answers

Answer:

Time management is when you use your time wisely to complete certain tasks.

Explanation:

If you manage your time wisely, you will get more work done. Not managing your time will result in incomplete tasks.

The 10.9 percent preferred stock of Rock Bottom Floors is selling for $91 a share. What is the firm's cost of preferred stock if the tax rate is 44 percent and the par value per share is $100

Answers

Answer: 11.978%

Explanation:

From the question, we are informed that the 10.9 percent preferred stock of Rock Bottom Floors is selling for $91 a share. We are further informed that the tax rate is 44 percent and the par value per share is $100.

The firm's cost of preferred stock will be 10.9% multiplied by the par value per share and then divided by the share price of $91. This will be:

= (10.9% × 100)/91

= (0.109 × 100)/91

= 10.9/91

= 0.11978

= 11.978%

Question 3 of 12 What choice is most likely one opinion that the two authors from “The Future of Transportation” and “The Rail Way” would agree on? A. More people would take high speed trains if they were available. B. More people would take trains if they were more affordable. C. More people would buy hybrid cars if traffic were not so heavy on freeways. D. More people would take public transportation if the price of fuel keeps decreasing. 3 / 12 4 of 12 Answered

Answers

The choice that is the most likely opinion that the two authors would agree on is A. More people would take high speed trains if they were available.

Firstly, it should be noted that the authors would agree on a point that correlates to their field. In this case, they will both agree on a topic relating to railroad and this makes trains the preferable option.

Based on the information given, high speed trains were not available. In this case, this is the future of transportation. Also, the topic relates to railroad.

In conclusion, based on the above reasons, this makes option A the standout option.

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Campbell Manufacturing intends to start business on January 1. Production plans for the first four months of operations are as follows:January 8,000 unitsFebruary 20,000 unitsMarch 28,000 unitsApril 28,000 unitsEach unit requires two pounds of material. The firm would like to end each month with enough raw material to cover 25 percent of the following month’s production needs. Raw material costs $7 per pound. Management pays for 40 percent of purchases in the month of purchase and receives a 10 percent discount for these payments. The remaining purchases are paid in the following month, with no discount available.a. Prepare a purchases budget for the first quarter of the year in units, in total, and in dollars.Note: Do not use a negative sign with your answers.January February March QuarterUnits produced Pounds per unit x 2 x 2 x 2 x 2Pounds needed EI in pounds Total required Less BI Pounds to purchase Cost per pound x $7 x $7 x $7 x $7Total cost of RM b. Determine the budgeted payments for purchases of raw material for each of the first three months of operations and for the quarter in total.PaymentsJanuary February March QuarterJanuary purchases February purchases March purchases Total

Answers

Answer:

k'Poliuykukkkkkk

Explanation:

A long-term incentive is a type of
incentive given to employees that
is designed to be paid over
or longer.??

Answers

A long-term incentive is a type of incentive given to employees that is designed to be paid over an extended period or longer term. It is typically used as a way to align the interests of employees with the long-term goals of the organization. Long-term incentives are often provided in addition to regular salary or short-term incentives and are commonly used for executive-level employees or key members of the organization.

Telegraphic Solution​'s completed worksheet at November 30​, 2018 is as​ follows:

Revenues:
Service Revenue $9,600

Expenses:
Salaries Expense $2,750
Rent Expense 700
Depreciation Expense-Equipment $350
Supplies Expense 550
Utilities Expense $700
Total Expenses $5,050
Net Income $4,550


Required:
a. Complete the income statement for the month ended November 30​, 2018. ​
b. Complete the statement of owner's equity for the month ended November 30, 2018. Assume there were no contributions made by the owner during the month.
c. Complete the classified balance sheet as of November 30, 2018

Answers

Answer:

a. Complete the income statement for the month ended November 30​, 2018. ​

Telegraphic Solution​'s

Income Statement

For the month ended November 30, 2018

Service Revenue                                                       $9,600

Expenses:

Salaries Expense $2,750 Rent Expense 700 Depreciation Expense-Equipment $350 Supplies Expense 550 Utilities Expense $700                                     ($5,050)

Net Income                                                                $4,550

b. Complete the statement of owner's equity for the month ended November 30, 2018. Assume there were no contributions made by the owner during the month.

Telegraphic Solution​'s

Statement of Owner's Equity

For the month ended November 30, 2018

Pryor, capital, November 1, 2018                    $32,900

Investments during the month                                 $0

Net income                                                         $4,550

Subtotal                                                            $37,450

Withdrawals during the month                       ($2,900)

Pryor, capital, November 30, 2018                $34,550

c. Complete the classified balance sheet as of November 30, 2018

Assets:

Current assets

Cash $4,400

Accounts receivable $3,900

Prepaid rent $1,100

Office supplies $2,550

Total current assets $11,950

Non-current assets

Equipment net $28,350

Total non-current assets $28,350

Total assets: $40,300

Liabilities and equity:

Liabilities:

Current liabilities

Accounts payable $5,100

Salaries payable $650

Total current liabilities $5,750

Equity:

Pryor, capital   $34,550

Total liabilities and equity: $40,300

Can someone explain this to me?

Since inflation is already factored into the data, what is the most likely reason that the costs of a doctorate degree rise to such a high level?

Can someone explain this to me? Since inflation is already factored into the data, what is the most likely

Answers

The rate at which prices increase over a specific time period is known as inflation.

What is the meaning of Inflation?

Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.

Although low inflation might be detrimental, both levels can hurt the economy. The Fed will adopt the opposite strategy when the economy is having trouble or inflation is too low by cutting interest rates or purchasing assets to boost cash flow.

The main cost of inflation is the erosion of real income, which occurs when prices rise unevenly and cause some customers' purchasing power to decline. For both those who receive and pay fixed interest rates, inflation might over time affect their ability to make purchases.

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Among the risks associated with short selling a stock are​

Answers

Answer:

the risk that stock loans become expensive and the risk that stock loans are recalled. We show that short selling risk affects prices among the cross-section of stocks. Stocks with more short selling risk have lower returns, less price efficiency, and less short selling.

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 am not really sure what the question is but I had a similar business problem and the right answer was GLOBAL.

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