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3 days ago

Lenore, Inc. gathered the following information from its accounting records and the October bank statement to prepare the Octobe

r bank reconciliation: Ending cash balance per books, 10/31$7,000 Deposits in transit 300 Interest received from bank 1,700 Bank service charge for check printing 60 Outstanding checks 4,000 NSF check of T. Owens 350 The up-to-date ending cash balance on October 31 is:_______
A. $7,940
B. $4,590
C. $8,290
D. $5,290

Business

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Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead

soldi70 [3635]

Answer:

(a) Predetermined overhead rate for the entire plant:

$=\frac{Total\ manufacturing\ overhead}{Total\ direct\ labor\ hours}$

$=\frac{23,400,000}{780,000}$

= 30

Applied manufacturing overhead for Job A:

= Total hours of direct labor × Predetermined overhead rate for the plant

= 15 × 30

= 450

Applied manufacturing overhead for Job A:

= Total direct labor hours × Plantwide predetermined overhead rate

= 9 × 30

= 270

(b) Department-specific predetermined overhead rates:

$Machining =\frac{Manufacturing\ overhead}{Machine\ hours}$

$Machining =\frac{22,500,000}{750,000}$

= 30

$Assembly =\frac{Manufacturing\ overhead}{Labor\ hours}$

$Assembly =\frac{900,000}{750,000}$

= 1.2

Applied manufacturing overhead for Job A:

= (Machining machine hours × 30) + (Assembly direct labor hours × 1.2)

= (11 × 30) + (10 × 1.2)

= 330 + 12

= 342

Applied manufacturing overhead for Job B:

= (Machining machine hours × 30) + (Assembly direct labor hours × 1.2)

= (12 × 30) + (5 × 1.2)

= 360 + 6

= 366

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4 months ago

Ibama received a ten-year annuity. It paid $100 at the end of each quarter for the first four years, and $35 each month for the

marusya05 [3725]

The attached images demonstrate the solution to the problem clearly.

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2 months ago

The manager of the only bowling alley in town wants to know how often the average person in his town goes bowling. He leaves a q

Katen [3525]

Answer:

In this instance, the survey or questionnaire method utilized by the bowling alley manager can effectively gather data from a reasonably substantial sample size and composition.

Explanation:

In the context of statistical data collection, the questionnaire method stands out as one of the most suitable techniques for various research topics. The use of questionnaires can significantly save time, effort, and expenses while reaching the target population for the study, allowing researchers to randomly distribute questionnaire forms to individuals within the target group, thus simplifying the process of obtaining responses.
Additionally, this method ensures a relatively large sample size can be covered quickly without excessive costs or resource usage. Therefore, the bowling alley manager can conveniently place a questionnaire at the entrance, encouraging members to complete it at their own pace, easing the practical challenge of approaching each member personally for feedback.

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2 months ago