Business, 29.07.2021 04:00 Jacobstoltzfus
Fabrics has budgeted overhead costs of $1,039,500. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 495,000 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver is machine hours) and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $396,000 and $643,500 is allocated to the design cost pool. Additional information related to these pools is as follows:
Wool Cotton Total
Machine hours 110,000 110,000 220,000
Number of setups 1,100 550 1,650
Required:
Calculate the overhead rate using activity based costing.
Answers: 3
Business, 22.06.2019 06:10
Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) wacc %
Answers: 2
Business, 22.06.2019 20:40
On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e.g. $2.55.) diluted earnings per share
Answers: 3
Business, 23.06.2019 00:00
Match each economic concept with the scenarios that illustrates it
Answers: 2
Fabrics has budgeted overhead costs of $1,039,500. It has allocated overhead on a plantwide basis to...
Computers and Technology, 23.10.2019 02:20
Mathematics, 23.10.2019 02:20
Mathematics, 23.10.2019 02:20
Spanish, 23.10.2019 02:20
Biology, 23.10.2019 02:20
English, 23.10.2019 02:20
Social Studies, 23.10.2019 02:20
History, 23.10.2019 02:20
Mathematics, 23.10.2019 02:20
Mathematics, 23.10.2019 02:20