Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assem

Answer:

Instructions are provided below.

Explanation:

To start, we must determine the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead expenses for the period/ total allocation base amount

Predetermined manufacturing overhead rate= (680,000/80,000) + 0.5

Predetermined manufacturing overhead rate= $9 for each direct labor hour

Next, let’s find the total cost for Xavier:

Direct Material $38,000

Direct Labor Cost $21,000

Direct Labor hours worked 280

Total cost= direct materials + direct labor + allocated overhead

Total cost= 38,000 + 21,000 + 280*9

Total cost= $61,520

Answer:

An increase in the price of soccer balls.

Explanation:

Soccer balls consist of polyethylene and materials derived from petroleum. An escalation in oil prices will directly raise the costs of soccer balls since the expense of the raw materials has increased.

Kayaks also utilize materials sourced from oil, which is why their prices are on the rise too.

There's a direct correlation between soccer balls and kayaks because both rely on oil for their production.

Answer:

$600 million

Explanation:

On January 1, 2020, the balance of common stock & APIC is derived as follows:

Common stock & APIC = Paid-In Capital + Capital raised from selling 50 million shares at $20 each - Treasury Stock

This gives:

Paid-In Capital = $500 million

Issuance of 50 million shares at $20 each amounts to:

Treasury Stock involves buying back 20 million shares priced at $45 each.

Inserting the numbers leads to:

Common stock & APIC = $500 million + $1000 million - (20 million shares × $45 each)

Therefore, Common stock & APIC = $1500 million - $900 million = $600 million