(Answered) The manager budgeted 225000 in administration activity to

Accounting

The manager budgeted $225,000 in Administration Activity to be allocated on the basis of 32,000 direct labor hours. Required: Compute the cost rate for Administration Activity.

A. $7.03, which means for every direct labor hour used by a product, the company allocates $7.03 to cover Administration costs.B. $0.14, which means for every direct labor hour used by a product, the company allocates $0.14 to cover Administration costs.C. $7.10, which means every direct labor hour used by a product costs the company $7.10 for Administration costs.D. $7.15, which means that each product is allocated $7.15 to cover Administration costs.E. $7.03, which means for every direct labor dollar used by a product, the company allocates $7.03 to cover Administration costs.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92584654
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - the pritzker music pavilion in downtown chicago

Question - The Pritzker Music Pavilion in downtown Chicago is a technologically sophisticated and uniquely designed performing arts venue that hosts live concerts attended by over half a million patrons a year. A group o ...

Question - vestorville company reported the following

Question - Vestorville Company reported the following results from last year's operations Sales 1,000,000 Variable expenses 300,000 Contribution margin 700,000 Fixed expenses 500,000 Net operating income 200,000 Average ...

Question - don smiths wife died in january while still

Question - Don Smith's wife died in January while still employed and, as her beneficiary, he began receiving an annuity of $147 per month. There was no investment in the contract after June 30, 2013. The investment in th ...

Question - explain legislation and statutory requirements

Question - Explain legislation and statutory requirements and industry codes of practice including(Australia): Consumer credit code Privacy act Credit act Financial transaction reports act Corporations act (including acc ...

Question - on january 2 2017 the first year of operations

Question - On January 2, 2017 the first year of operations, Alpha Corp issued 15,000 shares of $10 par value common stock for $15 per share. On july 1, 2017 Alpha Corp 1,000 of these shares were reacquired for $20 each. ...

Question hg wells once said statistical thinking will one

Question: H.G. Wells once said, "Statistical thinking will one day be as necessary for efficient citizenship as the ability to read and write!" What part will statistics play in the Global Society? Take a position on whe ...

Question you are the instructor of a one-day tax seminar to

Question: You are the instructor of a one-day tax seminar to inform international students studying business in the United States about the current tax system. You are preparing a background report to help you prepare fo ...

Accounting question - a comparative balance sheet for

Accounting Question - A comparative balance sheet for Halper Corporation appears on the next page, and the statement of cash flows form follows. Explain below, why you must convert from an accrual basis of accounting to ...

Question - company appropriately used the installment

Question - Company appropriately used the installment method of accounting to recognize income in its financial statement. Some pertinent data relating to this method of accounting include: Installment sales 750,000 900, ...

Question - bioscience inc will pay a common stock dividend

Question - BioScience Inc. will pay a common stock dividend of $3.90 at the end of the year (D1). The required return on common stock (Ke) is 22 percent. The firm has a constant growth rate (g) of 10 percent. Compute the ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert