Pinnacle Corp. budgeted $270,290 of overhead cost for the current year. Actual overhead costs for the year were $222,380. Pinnacle's plantwide allocation base, machine hours, was budgeted at 45,740 hours. Actual machine hours were 56,430. A total of 96,170 units was budgeted to be produced and 98,000 units were actually produced. Pinnacle's plantwide factory overhead rate for the current year is: Oa. $2.31 per machine hour Ob. $5.91 per machine hour Oc. $4.86 per machine hour Od. $2.81 per machine hour
Answers
Pinnacle's plantwide allocation base, machine hours, was budgeted at 45,740 hours. The closest option is d. $2.81 per machine hour.
Budgeted plantwide factory overhead rate = Budgeted overhead costs / Budgeted allocation base
Budgeted allocation base = Budgeted machine hours = 45,740 hours
Budgeted overhead costs = $270,290
Therefore,
Budgeted plantwide factory overhead rate = $270,290 / 45,740 hours = $5.91 per machine hour
However, we also need to take into account the actual machine hours and units produced, which were higher than budgeted. To calculate the actual overhead rate, we need to divide the actual overhead costs by the actual allocation base.
Actual allocation base = Actual machine hours = 56,430 hours
Actual overhead costs = $222,380
Therefore,
Actual plantwide factory overhead rate = Actual overhead costs / Actual allocation base
Actual plantwide factory overhead rate = $222,380 / 56,430 hours = $3.94 per machine hour
So, the answer is not one of the options given. The closest option is d. $2.81 per machine hour, but that is the budgeted rate, not the actual rate.
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Related Questions
Tell me why you would use a local bank or an online bank.
Answers
Target's Market Pantry is an example of which of the following brand types?
Private label brand
Generic
Name brand
Corporate brand
Answers
Answer:
Name brand. hope this helps
Cost to charge ratio (the percentage of the amount build that represents the actual cost) for inpatient and outpatient services at 11 Oregon hospitals.
Is there a clear explanatory variable and response variable in the setting? If so tell which is which and explain why .
Answers
Keep records for public access of each hospital discharge.
Although the amount of additional knowledge about a person is typically minimal, these can be useful.
Often, it is impossible to distinguish between different admissions for thesame person, and in other jurisdictions, only civilian hospitals are taken into account.
The Medical Expenditures Panel Survey (MEPS), which compiles data from various sources to give a comprehensive picture of the health status and health care utilisation of a random sample of citizens, is a superb population-based data set. It was developed by the Agency for Health Care Policy and Research and the National Center for Health Statistics.
What does a cost-to-charge ratio for hospitals mean?The sum of all operating revenues, including those from patient care, divided by the total amount needed to operate a hospital.
The cost-to-charge ratio measures how much a hospital charges compared to its costs. Less variance exists between real costs incurred and hospital charges the closer the cost-to-charge ratio is to 1.
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1. The apartment was so cool, but there is no bus stop within miles and I don't have a car. Rent
Not rent
2. The renting agent says I have to rent for at least one year. But I'm not sure how many months I'll be in town.
Rent
Not rent
3. I'm not sure how many months I'll be in town. The renting agent says I can leave with 30 days notice.
Rent
Not rent
4. It fits my budget, and I can get to school and work easily.
Rent
Not rent
5. The apartment is great! Bigger bath than I have at home. Close to work! Rent is reasonable! On the "down side," I like cranking my tunes, but the walls are thin and this apartment is loaded with retirees. Plus, they don't allow pets, and I'm thinking about getting a pet boa constrictor.
Rent
Not rent
6. I did my homework on the landlord and found out he has a lot of complaints against him from former renters. He never repairs problems in apartments and never gives deposits back without a fight.
Answers
The apartment was so cool, but there is no bus stop within miles and I don't have a car. This was the based on the not rent. Thus, option (b) is correct.
The renting agent says I have to rent for at least one year. But I'm not sure how many months I'll be in town. This was the based on the rent. Thus, option (a) is correct.
I'm not sure how many months I'll be in town. The renting agent says I can leave with 30 days notice. This was the based on the rent. Thus, option (a) is correct.
What is rent?The term rent refers to the based on the deal with the landlord and tenant's. The landlord was the received the payment on the behalf of the give the property was the used.
It fits my budget, and I can get to school and work easily. This was the based on the rent.
The apartment is great! A bigger bath than I have at home. This was the based on the rent.
I did my homework on the landlord and found out he has a lot of complaints against him from former renters. This was the based on the not rent.
As a result, the significance of the sentence are rent or not rent are the aforementioned.
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Four years ago, sam invested in grath oil. she bought three of its $1,000 par value bonds at a market price of 93.938 and with an annual coupon rate of 6.5%. she also bought 450 shares of grath oil stock at $44.11, which has paid an annual dividend of $3.10 for each of the last ten years. today, grath oil bonds have a market rate of 98.866 and grath oil stock sells for $45.55 per share. use the scenario above to consider which statement best describes the relative risk between investing in stocks and bonds. a. it is equally likely that the company would suspend paying interest on the bonds and dividends on the stock. b. both the coupon rate and the dividend rate are fixed and cannot change. c. the market price of the bonds is more stable than the price of the company's stock. d. the amount of money received annually in interest (on the bonds) and in dividends (on the stocks) depends on the current market prices.
Answers
The statement that best describes the relative risk between investing in stocks and bonds is : The market price of the bonds is more stable than the price of the company's stock.
What is a bond?A bond is loan from an investor to a borrower such as a company or government. Here, the borrower uses the money to fund its operations, and the investor receives interest on the investment.
In the above context, the market value of the bonds of Grath Oil is more. The market price of the bond is the amount of the money to be paid in an open market to buy a bond.
Hence, the bond's market price is much more stable than the price of the company's stock. It is riskier to invest in company stocks.
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A large retailer obtains merchandise under the credit terms of 1/10, net 40, but routinely takes 50 days to pay its bills. (Because the retailer is an important customer, suppliers allow the firm to stretch its credit terms.) What is the retailer's effective cost of trade credit? Assume a 365-day year. Do not round intermediate calculations. Round your answer to two decimal places.
Answers
If a large retailer obtains merchandise under the credit terms of 1/10, net 40, but routinely takes 50 days to pay its bills. The retailer's effective cost of trade credit assuming a 365-day year is 9.60%.
Effective Cost of Trade CreditUsing this formula
Effective Cost of Trade Credit = {1+(D/100-D)}^ (365 / Days after Discount Period) -1
Let plug in the formula
Effective Cost of Trade Credit = [1 + ( 0.01 /0.99 ) ] ^[ 365 / (50−10)]−1
Effective Cost of Trade Credit = [1 + ( 0.01 /0.99 ) ] ^[ 365 / (40)]−1
Effective Cost of Trade Credit =1.096046171−1
Effective Cost of Trade Credit = 096046171 × 100
Effective Cost of Trade Credit = 9.60%
Therefore the 9.60% is the effective Cost of Trade Credit.
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I know this is impossible but can you guys help? Doesn’t have to use fancy words and doesn’t have to be long, I’m not English native speaker but I have to
Don’t use all the words if it’s too difficult
Answers
Answer:
sorry I didn't see your question
Explanation:
very very sorry for my information
A loan of $105,487.80 is to be amortized over a 10-year term at 6% interest compounded monthly with monthly payments and a $20,000 balloon payment at the end of the term. Calculate the monthly payment.
The monthly payment is $
(Do not round until the final answer. Then round to two decimal places as needed.)
Answers
Answer:
$1049.09
Explanation:
The present value of the balloon payment is ...
$20,000/(1 +.06/12)^(12·10)) = $10,992.65
So, the effective amount of the loan is ...
$105,487.80 -10,992.65 = $94,495.15
The amortization formula gives the payment as ...
A = P(r/n)/(1 -(1 +r/n)^(-nt)) = $94,495.15(.06/12)/(1 -(1 +.06/12)^(-12·10))
= $94,495.15(.005)/0.450367 = $1049.09
The monthly payment is $1049.09.
Benjamin Franklin said, “Beware of little expenses. A small leak will sink a great ship. ” What does this mean to a person trying to build financial stability? How would you restate this saying so that it would be clearer to someone trying to grow a budget?
How would you place the order of these steps to build a budget? 1=first 2=the middle step 3=last
______Analyze cash flow and look for ways to increase your income and decrease your expenses....
______Keep track of your spending...
______Identify your income and your expenses....
What are they, and how would you explain their meaning? Give one example of each.
23.Fixed expenses
________________________________________________________________________
Flexible expenses
________________________________________________________________________
Money that comes to you from: Various jobs or work, like cutting grass or babysitting wages,
Full- or part-time employment, Allowances, Odd jobs, Interest and dividends, Other sources, including tips. Is known as your
_________________.
Where does All the money go?
If you are in the habit of buying the 4 for $4 meal special at the local famous fast food restaurant every day of the week for lunch how much would this add up over time? It might taste good going down but what might you be able to save for if you had all that cash in a savings account?
1 day 1 week 1 month 1 year 5 years 10 years
# of Days 26a 27a 28a 29a 30a 31a
4 for$4 Meal 26b 27b 28b 29b 30b 31b
Identify the LIE about Credit cards....
A. Are used to purchase goods and services.
B. Takes money from your checking account when used to pay for purchases.
C. Are subject to interest charges if the balance is not paid in full each month.
Credit Verses Debit
Which card requires you to have enough money at the time you pay for something?
Which card's balance can increase and accrue charges if you do not pay the entire amount each month?
Which card generally offers purchase protections against faulty goods?
Which card(s) may have fees associated with them?
Which card allows you to pay for unexpected emergencies when you do not have enough money?
What are the outcomes to be expected with overspending on your credit card? You need at least two outcomes for full credit
Debit to Income Ratio
After adding your total income, dividing the total monthly bills by the total income, and convert that to a decimal….What would you advise these individuals who are contemplating a large purchase?
Total Income
Total Monthly Bills
Percentage (divide by 100)
Billy $4000
$2800
?
TiQuan $5000
$4000
?
Nadaja $3000
$1000
?
39 (Billy). ________________________________
40 (TiQuan) ______________________________
41 (Nadaja) ______________________________
Which payment arrangement has the worst deal or the higher interest rate you must pay between the instalment loan or the rent to own arrangement?
What three things would you likely need an installment loan to purchase?
Explain how your credit rating would affect your interest rate applied to your installment loan.
Simply put, Finance is the management of ______________________.
Name 2 examples of items that fall under the category of a long-term financial goal.
47.Name 2 examples of items that fall under the category of a short-term financial goal.
48.. Which of the following statements about investing is FALSE?
On average, investing money in the stock market earns a higher return than putting money in a savings account.
Investing is best for long-term financial goals, like paying for retirement.
Investing is a guaranteed way to grow your money.
Investing is riskier than putting money in a savings account.
This is needed To Calculate Simple Interest (Interest = Principal x Rate x Time or I = P x R x T)
Remember to add the Simple Interest to the Principle to get the total to be paid.
Principle
Rate
Time
Interest
Total to be paid
$10,000
15%
5 years
49a
49b
$5,000
5%
8 years
50a
50b
is the purpose of financial insurance agencies?
Answers
Answer: n or f
Explanation:
Issued by corporations, these financial instruments give their holders a class ownership in a company. They are riskier than bonds but less risky than the general class of ownership.
Answers
Why do prices of holidays increase during school holidays?
Answers
the retrospective facilitator should be able to deliver bad news to the project sponsor or senior management without recriminations. t/f
Answers
True. The retrospective facilitator should be able to deliver bad news to the project sponsor or senior management without recriminations
The role of the retrospective facilitator is to create a safe and non-judgmental environment where team members can openly discuss their experiences, challenges, and areas for improvement. This includes sharing both positive and negative feedback, including any bad news or issues that may have arisen during the project. The facilitator should encourage transparency and ensure that all voices are heard, fostering a culture of trust and collaboration. By delivering bad news without recriminations, the retrospective facilitator promotes a blame-free atmosphere and helps the team focus on identifying root causes, finding solutions, and implementing improvements. This approach enables the project sponsor or senior management to receive valuable feedback and make informed decisions to address any issues that may have been raised during the retrospective.
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The readings for this week discuss different aspects of the alignment between IT and the rest of the organization. How important is IT-Business alignment? What do you think are effective ways to achieve IT-Business alignment? Why is IT-Business Alignment so difficult?
Answers
IT-Business alignment is important because it makes for:
Speed, Accuracy, and ResponsivenessTo achieve IT-Business alignment, the staff should be educated on the latest trends in IT. If possible, they should also be taught the best practices.IT-Business Alignment is difficult because of people's unwillingness to learn and incorperate the best practices in business and technology. What is IT-Business Alignment?IT-Business alignment refers to the synergy between information technology and business. Since the world is moving towards a technology-based society, responsive businesses are also incorperating this facet of life.
IT-Business alignment will help businesses to be more responsive.
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T/F? Discounted cash flow techniques for equity valuation may use one of the following: (1) dividends, (2) Free cash flow or (3) coupons.
Answers
The given statement “ Discounted cash flow techniques for equity valuation may use one of the following: (1) dividends, (2) Free cash flow or (3) coupons" is false, because Discounted cash flow (DCF) techniques for equity valuation typically use either dividends or free cash flow, but not coupons.
Coupons are typically associated with fixed income securities such as bonds and represent periodic interest payments made to bondholders.
Equity valuation using DCF techniques typically focuses on estimating the future cash flows that are expected to be generated by the company and discounting them back to the present value to determine the intrinsic value of the company's equity.
Dividends, or the expected future dividends, may be used as a key input in DCF models for equity valuation, particularly for companies that pay regular dividends.
Alternatively, free cash flow, which represents the cash generated by the company's operations that is available to be distributed to equity holders or reinvested in the business, is often used as a more comprehensive measure of the company's value in DCF models for equity valuation.
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a price-weighted index consists of firm a and firm b common stocks. the price of firm a common stocks increased from $100 to $120. the price of firm b common stocks decreased from $100 to $80. what is the return on this price-weighted index?
Answers
With the price of firm a common stocks increased from $100 to $120 and the price of firm b common stocks decreased from $100 to $80 , the return of price-weighted index is 0%.
A price-weighted index is calculated by adding up the prices of each stock in the index and dividing by the number of stocks. The return on the price-weighted index is determined by comparing the current index value to the previous index value.
Let's say the price-weighted index consists of two stocks, firm A and firm B. Initially, the prices of firm A and firm B are $100 and $100, respectively, and the index value is ($100 + $100) ÷ 2 = $100.
After the changes, the price of firm A increases to $120 and the price of firm B decreases to $80. The current index value would be ($120 + $80) ÷ 2 = $100.
To determine the return on the price-weighted index, we can calculate the percentage change in the index value:
(($100 - $100) ÷ $100) x 100 = 0%
In this case, the return on the price-weighted index is 0%, indicating that the index value has not changed. This is because the price increase of firm A was offset by the price decrease of firm B.
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what is the equity income in matador to be reported by northridge in 2019
Answers
We would need more particular information about the ownership percentage and financial performance of Northridge's investment in Matador in order to calculate the equity income that Northridge must disclose for its interest in Matador in 2019.
Equity income is the portion of net income that one company receives as compensation for its investment in another. It is determined by dividing Matador's net income for the specified time period by Northridge's ownership stake in Matador. It is impossible to provide a precise estimate of the equity income that Northridge will need to disclose for its investment in Matador in 2019 without these specific information.
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Which is the most common type of precipitation?
Answers
Answer: Rain.
Explanation:
Bill Nye.
Answer: Rain
Explanation:
Brooks Development Corporation (BDC) faces the following capital budgeting decision. Six real estate projects are available for investment. The net present value and expenditures required for each project (in millions of dollars) are as follows:
Project 1 2 3 4 5 6
Net Present value ($Millions) $15 $5 $13 $14 $20 $9
Expedature required ($Millions) $90 $34 $81 $70 $114 $50
There are conditions that limit the investment alternatives:
• At least two of projects 1, 3, 5, and 6 must be undertaken.
• If either project 3 or 5 is undertaken, they must both be undertaken.
• Project 4 cannot be undertaken unless both projects 1 and 3 also are undertaken.
The budget for this investment period is $220 million.
a. Formulate a binary integer program that will enable BDC to find the projects to invest in to maximize net present value, while satisfying all project restrictions and not exceeding the budget
Answers
Making a capital budgeting choice! In order for me to better assist you, kindly give me with the net present value and necessary expenses for each of the six real estate projects.project (in millions of dollars) are as
Making a financial plan for a specific time period for a company or a person is the process of budgeting. It entails anticipating and allocating resources for upcoming costs while accounting for anticipated revenue, costs, and other financial commitments. Budgeting is crucial because it makes it possible to monitor an organization's financial development and guarantees that its financial resources are used wisely. It offers a framework for making decisions and aids in finding possible areas for cost-saving strategies and savings. There are many different sorts of budgets, including operational, capital, cash, and master budgets. Accurate financial information, reasonable assumptions, ongoing monitoring, and review are necessary for effective budgeting.
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What are the steps (in sequence) involved in the consumer decision making process? Briefly explain how the retailer can develop strategies during each step so that the customer favors the retailer
Answers
Answer:
Problem recognition: Recognizes the need for a service or product
Information search: Gathers information
Alternatives evaluation: Weighs choices against comparable alternatives
Purchase decision: Makes actual purchase
Post-purchase evaluation: Reflects on the purchase they made
Explanation:
there are 5 steps in the consumer decision making process.
What is the present value of a payment of $200 to be made one year from today if the interest rate is 10 percent
Answers
The present value of a future payment is the amount of money that needs to be invested now at a given interest rate in order to receive the payment in the future. In this case, the future payment is $200, the time period is one year, and the interest rate is 10 percent.
To calculate the present value, we can use the formula:
Present Value = Future Value / (1+r)ⁿ
where r is the interest rate and n is the number of years.
Plugging in the given values, we get:
Present Value = $200 / (1 + 0.10)
Present Value = $200 / 1.10
Present Value = $181.82
Therefore, the present value of a payment of $200 to be made one year from today at an interest rate of 10 percent is $181.82. This means that if you invest $181.82 today at an interest rate of 10 percent, you will have enough money to make the $200 payment in one year's time.
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When the stock market as a whole is rising in value then it is referred to as a bear market. True or false?
Answers
Answer: False
Explanation: A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment.
lazo co. offers a bonus to its employees of $100,000 to be paid in january. this entry will require a credit to the account in the amount of . multiple choice question. salaries and wages expense; $100,000 bonus payable; $100,000 bonus expense; $100,000 cash; $100,000
Answers
This entry will require a credit to the account in the amount of "Bonus payable; $100,000".
When a company offers a bonus to its employees, it creates a liability known as a bonus payable. This liability represents the amount of money that the company owes to its employees for the bonus. The company must credit the bonus payable account for the full amount of the bonus, which in this case is $100,000.
This will show that the company has a liability to pay this amount to its employees in the future. When the bonus is actually paid in January, the company will debit the bonus payable account and credit the cash account for the same amount.
This will reduce the liability and show that the company has fulfilled its obligation to pay the bonus to its employees.
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Research and development spending is one type of? none of these is the correct answer. capital expenditure. variable cost.
Answers
Research & Development spending is considered as deferred revenue expenses . The correct the answer is none of the above.
R&D expenses are directly related to the research and development of a company's goods or services, as well as any intellectual property generated in the process. Direct R&D expenses are an important component of a company's research and development arm, which can range from relatively minor costs to several billions of dollars for large research-focused corporations.
Research and development expenses are typically incurred by a company in the process of discovering and developing new products or services. The outcome of this activity benefits the business in the coming years. As a result, these expenses are classified as deferred revenue expenses, with a portion of them charged to the profit and loss account.
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Need a slogan for my product for business class
Answers
Logo and website design are
examples of start-up costs.
Answers
True: Logo and website design are examples of start-up costs. Operating costs include payroll. Building improvements should be calculated into start-up costs.
If an error is found when posting to the ledger, how would it be corrected?
Answers
Most time, when an error is found when posting to the ledger, it would be corrected by reversing the incorrect entry and use a second journal entry to record the transaction correctly,
What is a ledger error?In a ledger, the error can be called a wrong posting may be in the forms of posting a wrong amount to a ledger account or posting to the wrong side of an account or double posting.
All these type of errors affect mostly only one side of ledger accounts and they are mostly revealed by the trial balance through disagreement of debit and credit totals.
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List 5 motives for the construction of various media.
Answers
Explanation:
For the construction of various media, the five motives are as follows
1. Develop connections and make connections: For motivating the social media we have to establish the connections and through it, we can easily make the connections,
2. Sharing the news of the company: Post the news of the company to various social media so that the public at large get attracted towards it
3. Voice opinion: Voice opinion also matters for establishing the several medias
4. People opinion for the company: Customer satisfaction is the utmost priority for the company so that the company could able to know what changes are required in the product to deliver it in the best manner
5. Communicated with employees: The communication with the employees also matters as the employees could be delivered their idea to better the company services
What is 2+2-5x(87x-32)=
Answers
Answer:
-435x^2+160x+4
Explanation:
put the 2 as a square root
hope it help!
What is the first step to creating a winning value proposition?.
Answers
Answer:
Tactics to Develop an Effective Value Proposition. Conduct research to determine the value proposition of your competitors. Explain the value of your products and services. Describe the benefits your ideal customer will experience when they choose your product or service over the competition.
Explain how someone can be employed and still live below the poverty line.
Answers
- person working a part time job but seeking full time employment
-had a job but earns low wages
-people that have large families
-member of family with serious health issue