Blackwelder Factory produces two similar products: small table lamps and desk lamps. The total factory overhead budget is $615,000 with 478,000 estimated direct labor hours. It is further estimated that small table lamp production will require 261,000 direct labor hours, and desk lamp production will need 125,000 direct labor hours. Using a single plantwide factory overhead rate with an allocation base of direct labor hours, the factory overhead that Blackwelder Factory will allocate to small table lamp production if actual direct labor hours for the period for small table lamp production is 183,000 would be a.$518,641 b.$877,131 c.$236,070 d.$739,700

Q: Shawn Bixby borrowed $20,000 on a 210-day, 14% note. After 85 days, Shawn paid $2,300 on the note.…

A: The question is based on the concept of Financial Accounting. In the given case interest is…

Q: What is the suggested order for performing tasks using the ABC system?

A: Activity-based costing, or ABC for short, is a way of allocating overhead and indirect expenses to…

Q: Assume a company’s activity-based costing system contains an activity called Engineering Change…

A: The question is related to Activity Based Costing. In Activity Based Costing the cost driver rate is…

Q: The motivation of a parent company to purchase the outstanding bonds of a subsidiary could be to:…

A: Lets understand the basics. Parent company and subsidiary company generally enters into transaction…

Q: The cost of energy consumed in producing good units in the Canning Department of Mandarin Orange…

A: The method for calculating the cost of one unit entails adding up the fixed costs and the variable…

Q: A measure, such as the mean, based on sample data is called a Select one: O a. O b. Statistic…

A: Answer is b.statistic A measure , such as the mean, based on sample data is called a sample…

Q: Consolidated Statement of Cash Flows Here are the consolidated financial statements of Pack Ranch…

A: The cash flow statement assesses a corporation's ability to handle its cash balance, or how…

Q: If you invest $8,000 at the end of every year for nine years at an interest rate of 8%, the balance…

A: A present asset's future value, abbreviated as FV, is the value that an asset is expected to have at…

Q: 1) Calculate the closing capital from the above information: Drawings: $20 000 opening capital: $100…

A: Closing Capital = Opening Capital - Net Loss - Drawings

Q: Phelps Co. uses the sophisticated equity method to account for the 80% investment in its subsidiary…

A: Consolidated net income is created by adding the net revenue of the holding company, which is…

Q: Required Information Problem 12-28 (LO 12-2) (Algo) [The following information applies to the…

A:

Q: Question 4 Alpha Manufacturing Inc. is interested to know whether their monthly capacity of 500…

A: Contribution Margin Per Unit (CM Per Unit) :— It is the difference between sales per unit and…

Q: You are to discuss about the importance of cost accounting in assisting and supporting management…

A: Cost Accounting: Cost accounting is a subset of managerial accounting that attempts to calculate an…

Q: Dec. 31 Paid the annual payment on the note, which consisted of interest of $3,120 and of $5,440.…

A: year 1, jan.1          Cash      dr.     $26,000        To Notes payable cr.    $26,000 (To record…

Q: Compute the missing amounts in the contribution income statement shown below: (Round "Per Unit"…

A: A financial statement that outlines a company's income and costs is known as an income statement. It…

Q: 3. Lumber Company's auditors were auditing its Financial Statements and had the following…

A: Cost of Goods Sold :— It is the total cost of units sold during the period.  Cost of Goods Sold  =…

Q: tockholder is recorded as a(n): ice Employee paycheck Vendor payment Distribution None of the…

A: Correct ans is (non of the choice is correct)

Q: What is meant by internal benchmarking in ratio analysis

A: Internal benchmarking is a process in which a company or an organisation looks within its own…

Q: On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The…

A: Semiannual lease payment to be received = $583,573 Total semiannual payments to be received = 4*2 =…

Q: Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company’s…

A: Manufacturing overhead applied=Actual direct labor hours×Predetermined overhead rate

Q: The Rolling Department of Oak Ridge Steel Company had 2,800 tons in beginning work in process…

A: Direct material is the cost incurred on the material used in the making of the goods. It is a direct…

Q: Phone Corporation acquired 70 percent of Smart Corporation’s common stock on December 31, 20X4, for…

A: A consolidated balance sheet is a statement that combines all of a parent corporation's financial…

Q: If other resorts in the area charge $65 per day, what price should Winter Sports charge? The price…

A: Answer for above requirement are as follows

Q: Account Title Ch. remainder Believer. remainder Furniture 15.000   Damped Furniture   1.200…

A: Balance Sheet - The balance sheet's objective is to reveal the organization's current financial…

Q: The purpose of an audit trail is to be able to trace a transaction from its origin through source…

A: Audit Trial An external audit is a chronological, date- and time-stamped record of the circumstances…

Q: ntercompany debt that must be eliminated from consolidated financial statements may result from:…

A: Intercompany debts are eliminated from the consolidated financial statements.  Intercompany…

Q: Budgeted Income Statement Coral Seas Jewelry Company makes and sells costume jewelry. For the…

A:

Q: On June 30, 2021, Georgia-Atlantic, Inc. leased a warehouse equipment from IC Leasing Corporation.…

A: calculation of present value , pretax amount of liability, right of use assets, interest expenses…

Q: Yeoman Inc. reported the following data: Net income $373,300 Depreciation expense 74,600 Loss…

A: The question is based on the concept of Cash flow statement. Cash flow statement is the statement…

Q: Information about the ending inventories of Charleston Chair Company, who applies the LIFO method,…

A: The market is regarded as the current replacement cost within the Lower of cost or market basis, not…

Q: Your business partner is interested in property investment and has been looking at properties in the…

A: Capitalisation rate =Total finance cost during the construction period/weighted average borrowing…

Q: as Walmart’s gross margin decreased in the past 3 years from COVID pandemic?

A: Gross margin is very important and it is measure of the over all operating performance and it show…

Q: The Saint Louis Corporation is trying to determine whether a liability needs to be recognized in…

A: Before reporting any accounting item in the financial statements of the business, it must be…

Q: 0. The The Hendrix Company needs to repay a note payable of S $100,000 into a savings account at the…

A: The question is based on the concept of Annuity in Financial Management. Annuity refers to the…

Q: The following data relate to notes receivable and interest for CGH Cable Co., a cable manufacturer…

A: The journal entries are prepared to record the transactions on regular basis. The note receivable is…

Q: Security Services Co. Post-Closing Trial Balance July 31, 20Y0   Debit Balances Credit Balances Cash…

A: Lets understand the basics. There are various stages through which statement of financial position…

Q: Fermi Company decided to look more closely at the materials receiving activity in its factory. The…

A: Budgeting is a process of estimating expenses and income for the upcoming period. It is a management…

Q: "In my opinion, we ought to stop making our own drums and accept that outside supplier's offer,"…

A: Making the decision to manufacture a product internally versus buying it from a third-party provider…

Q: Rundle Company began operations on January 1, year 1, by issuing common stock for $33,000 cash.…

A: Income statement is the financial statement which is prepared to depict the profitability of the…

Q: The following figures have been extracted from the records of Necon manufacturing company for the…

A: Cost of goods sold The expense that is directly associated with producing the goods that a company…

Q: Yost received 300 NQOS (each option gives Yost the right to purchase 10 shares of Cutter Corporation…

A: An employee stock ownership plan, sometimes known as an ESOP, is a kind of employee benefit plan…

Q: Powell Company owns an 80% interest in Sauter, Inc. On January 1, 2011, Sauter issued $400,000 of…

A: A bond is a unit of corporate debt. The company issues bonds to the public and donates to the…

Q: If the interest rate on a saving account is now 0.5% and becomes 1.5% next year, the investor who…

A: Saving account are for the purpose of inhabiting the habit of saving among people and as a reward…

Q: Part One DaYs Sales Outstanding Data: 2018: 26.05 2019: 32.25 2020: 29.69 2021:36.43 2022:…

A: A.  and C only

Q: ltan Company uses an activity-based costing system. At the beginning of the year, the company made…

A: Answer : 1) calculation of Activity Rate : Activity cost pool Calculation Activity rate Labor…

Q: One Stop Electrical Shop are merchandisers of household fixtures & fittings. The business began the…

A: Last in First out Method (LIFO) The last in, first out (LIFO) approach of inventory accounting is…

Q: Form 941 except:

A: The Business houses are required to fill out Form 941 to report their federal withholdings from…

Q: Debt securities include Oa. common stock Ob. preferred stock O c. notes and bonds O d. All of these…

A: Debt securities are the financial instruments use ensures the promised interest revenue to the…

Q: [The following information applies to the questions displayed below.] Naidu Companies is the world's…

A: The gain or loss on sale fixed assets is calculated on the basis of the book value of the fixed…

Q: Abra Ltd sold an item of plant to its subsidiary Cadabra Ltd on 1 July 2017 for $50 000. The asset…

A: Elimination Entry: In order to make sure that the parent company's financial records accurately…

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.