Answer:
Journal Entry
December 31, 2X12
Dr. Land Account ______50,000 pounds
Cr. Appreciation on Land 50,000 pounds
Explanation:
As Land is recorded at the value of $50,000 and it is needed to be appreciated on December 31,2X12.
The appreciation will increase the value of the land so the land account will be debited as it is a fixed asset account that has debit nature.
On the other hand, the appreciation on the land account will be credit because it is an unrecognized income/gain account that will be reported as other comprehensive income.
Adjustment = Appreciated Value - Carrying Value = 100,000 pounds - 50,000 pounds = 50,000 pounds
Note: As depreciation is not applicable on the land so, the carrying value on December 31, 2X10 will be the same on December 31,2X12 before adjustment.
g Which of the following are potential complications when performing financial statement analysis: Group of answer choices Differences fiscal reporting periods Too few close comparable companies (same market cap, same industry, etc.) Ratios calculated for single company at a single point in time offer the analyst little insight Reporting discrepancies in global accounting standards (i.e. GAAP vs IFRS) All of the above
Answer:
The potential complications when performing financial statement analysis:
All of the above.
Explanation:
Financial statement analysis is a process that breaks down a company's financial statements in order to ease decision making. The analyst can use any of these three or a combination of horizontal analysis, vertical analysis, and ratio analysis. Mostly, the analysis is useful to external stakeholders and investors who use it to understand the overall health of an organization. The analysis also evaluates the financial performance and business value of an entity.
Rorry Company uses a job cost system. Labor costs for the period were $21,000, of which $3,000 were indirect. The journal entry is:'
Answer:
The journal entry is :
Debit : Work In Process $21,000
Credit : Direct Labor Cost $18,000
Credit : Indirect Labor Cost $3,000
Explanation:
The Work In Process Account is used to accumulate the manufacturing costs during the production period. Debit this Account with any costs incurred in manufacturing to show increase in the Product Cost and Credit the respective labor accounts to show decrease or utilization of these accounts. Note the remainder of costs of $18,000 goes to direct labor.
How can gross interest income rise while the net interest margin remains somewhat stable for a particular bank?
Answer:
A bank acts like an intermediary between depositors and creditors. If the market interest rates increase, gross interest income will rise, but all gross interest expense. They will charge higher rates to borrowers, but also must pay higher rates to depositors. The spread probably remains unchanged because both sides increased.
if the nominal interest rate is 8% and expected inflation is 2.5% then what is the real interest rate
Answer:
Explanation:
[tex]According \ to \ Fischer's \ exact \ formula[/tex]
[tex]r = \dfrac{i-e}{1+e}[/tex]
[tex]here; \\ \\ real \ interest \ rate \ (r) \ = ??? \\ \\ inflation \ rate \ (e) \ = 2.5%[/tex]
[tex]nominal \ interest \ rate \ (i) = 8%[/tex]
[tex]r = \dfrac{0.08-0.025}{1+0.025}[/tex]
[tex]r = \dfrac{0.055}{1.025}[/tex]
[tex]r = 0.0537 \\ \\ r = 5.37 \%[/tex]
[tex]According \ to \ Fischer's \ approximation \ formula: \\ \\ r = i- e \\ \\ r = (8 -2.5) \% \\ \\ r= 5.5 \%[/tex]
Munson Co. uses a job order cost system. The following data summarize the operations related to production for July:
July 1 Materials purchased on account, $225,750
2 Materials requisitioned, $217,600, of which $17,600 was for general factory use
31 Factory labor used, $680,000, of which $72,300 was indirect.
31 Other costs incurred on account for factory overhead, $330,000; selling expenses, $180,000; and administrative expenses, $126,000
31 Prepaid expenses expired for factory overhead, $27,500; for selling expenses, $8,100; and for administrative expenses, $5,250
31 Depreciation of office building was $44,500; of office equipment, $16,800; and of factory equipment, $55,100
31 Factory overhead costs applied to jobs, $548,000
31 Jobs completed, $1,140,000
31 Cost of goods sold, $1,128,000
Required:
Journalize the entries to record the summarized operations.
Answer and Explanation:
The journal entries are given below:
a. Materials $225,750
To Accounts Payable $225,750
(Being material purchased on account is recorded)
b. Work in Process $200,000
Factory Overhead $17,600
Materials $217,600
(Being requisitioned of the material is recorded)
c. Work in Process $607,700
Factory Overhead $72,300
Wages Payable $680,000
(Being wages payable is recorded)
d. Factory Overhead $330,000
Selling Expenses $180,000
Administrative Expenses $126,000
Accounts Payable $636,000
(Being account payable is recorded)
e. Factory Overhead $27,500
Selling Expenses $8,100
Administrative Expenses $5,250
To Prepaid Expenses $40,850
(Being prepaid expense expired is recorded)
f. Depreciation Expense- Office Building $44,500
Depreciation Expense- Office Equipment $16,800
Factory Overhead $55,100
Accumulated Depreciation - Building & equipment $116,400
(Being the depreciation expense is recorded)
g. Work in Process $548,000
Factory Overhead $548,000
(Being work in process is recorded)
h. Finished Goods $1,140,000
Work in Process $1,140,000
(Being job completed is recorded)
i. Cost of Goods Sold $1,128,000
Finished Goods $1,128,000
(Being cost of goods sold is recorded)
Creditors' claims on assets are called: Multiple Choice Net losses. Expenses. Revenues. Equity. Liabilities.
Answer:
Equity Liabilities The description of the relation between a company's assets, liabilities, and equity, which is expressed as Assets Liabilities Equity, is known as the: Multiple Choice Income statement equation Accounting equation.
A 7-year municipal bond yields 4.80%. Your marginal tax rate (including state and federal taxes) is 32.00%. What interest rate on a 7-year corporate bond of equal risk would provide you with the same after-tax return
Answer:
the Interest rate on corporate bond is 7.06%
Explanation:
The computation of the rate of interest is shown below:
As we know that
The Interest rate on corporate bond × (1 - tax rate) = Municipal bond yield
The Interest rate on corporate bond × (1 - 0.32) = 4.80%
The Interest rate on corporate bond × 0.68 = 4.80%
The Interest rate on corporate bond = 4.80% ÷ 0.68
= 7.06%
Hence, the Interest rate on corporate bond is 7.06%
Foxx Corporation acquired all of Greenburg Company's outstanding stock on January 1, 2019. for $600.000 cash. Greenburg's accounting records showed net assets on that date of \$470,000 , although equipment with a 10-year remaining life was undervalued on the records by \$90,000 . Any recognized goodwill is considered to have an indefinite life Greenburg reports net income in 2019 of \$90,00 and 5100,000 in 2020. The subsidiary declared dividends of \$20,000 in each of these two years Account balances for the year ending December 31, 2021, follow. Credit balances are indicated by parentheses. Revenues Cost of goods sold Depreciation expense Investment Income net income Metained earnings, 1/1/21 Net income Dividends declared Retained earnings, 12/31/21 Current senate Investment in subsidiary Equipment (net) Buildings (net Land Total assets Liabilities Common stock hantering Total liabilities and equity Greenbure (00,000) S (600.000) 100.000 300.000 120.000 150.000 350.000 (420.000) (100,000) \$(1,100,000) (420,000) 120.000 3(1,400,000) 5 320,000) (100,000) 20.000 (400,000) 300.000 300.000 400.000 3,2~00,000 $ 1,200,000 100.000 $ 900,000) 5 (500,000) 900.000 (300,000) 1.400.000 (400,000) 50.200.000 1~(1,200,000) a. Determine the December 31, 2021 consolidated balance for each of the following accounts: nces
Question Completion:
Foxx Corporation acquired all of Greenburg Company's outstanding stock on January 1, 2019. for $600.000 cash. Greenburg's accounting records showed net assets on that date of $470,000 , although equipment with a 10-year remaining life was undervalued on the records by \$90,000 . Any recognized goodwill is considered to have an indefinite life Greenburg reports net income in 2019 of $90,00 and $100,000 in 2020. The subsidiary declared dividends of $20,000 in each of these two years Account balances for the year ending December 31, 2021, follow.
Foxx Greenburg
Revenues $800,000 $600,000
Cost of goods sold 100,000 150,000
Depreciation expense 300,000 350,000
Investment income 20,000 0
Net income 420,000 100,000
Retained earnings, 1/1/21 1,100,000 320,000
Net income 420,000 100,000
Dividends paid 120,000 20,000
Retained earnings 1,400,000 400,000
Current assets 300,000 100,000
Investment in subsidiary 600,000 0
Equipment 900,000 600,000
Buildings 800,000 400,000
Land 600,000 100,000
Total assets 3,200,000 1,200,000
Liabilities 900,000 500,000
Common stock 900,000 300,000
Retained earnings 1,400,000 400,000
Total liabilities + equity 3,200,000 1,200,000
a. Determine the December 31, 2021 consolidated balance for each of the following accounts:
Depreciation Expense
Dividends paid
Revenue
Equipment
Buildings
Goodwill
Common Stock
Answer:
a. Determination of the December 31, 2021 consolidated balance for each of the following accounts:
Depreciation Expense = $650,000
Dividends paid = $120,000
Revenue = $1,400,000
Equipment = $1,500,000
Buildings = $1,200,000
Goodwill = $40,000
Common Stock = $900,000
Explanation:
Foxx Greenburg Consolidated
Depreciation Expense 300,000 350,000 $650,000
Dividends paid 120,000 20,000 $120,000
Revenues $800,000 $600,000 $1,400,000
Equipment 900,000 600,000 $1,500,000
Buildings 800,000 400,000 $1,200,000
Goodwill 40,000 40,000
Common Stock 900,000 300,000 $900,000
Goodwill:
Investment in Greenburg = $600,000
Net assets of Greenburg = 560,000 ($470,000 + 90,000)
Goodwill acquired = $40,000
Alpaca Corporation had revenues of $245,000 in its first year of operations. The company has not collected on $18,800 of its sales and still owes $26,900 on $95,500 of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $12,600 in salaries. Owners invested $13,500 in the business and $13,500 was borrowed on a five-year note. The company paid $3,800 in interest that was the amount owed for the year, and paid $7,800 for a two-year insurance policy on the first day of business. Alpaca has an effective income tax rate of 40%. (Assume taxes are paid in the same year). Compute the cash balance at the end of the first year for Alpaca Corporation.
Answer:
The cash balance at the end of the first year for Alpaca Corporation is $95,220.
Explanation:
Before the cash balance at the end of the first year, the following are first computed:
Insurance for the year = Amount paid for a two-year insurance policy / 2 = $7,800 / 2 = $3,900
Profit before tax = Revenue – Merchandise purchased – Salaries – Interest for the year – Insurance for the year = $245,000 - $95,500 - $12,600 - $3,800 - $3,900 = $129,200
Tax paid = Profit before tax * Tax rate = $129,200 * 40% = $51,680
Cash collected on sales = Revenue – Amount not yet collected on sales = $245,000 - $18,800 = $226,200
Cash paid on merchandise purchased = Merchandise purchased – Amount being owed on merchandise purchased = $95,500 - $26,900 = $68,600
The cash balance at the end of the first year can now be computed as follows:
Cash balance at the end of the first year = Amount invested by the owners in the business + Cash collected on sales - Cash paid on merchandise purchased - Amount paid for a two-year insurance policy - Tax paid - Salaries – Interest for paid = $13,500 + $226,200 - $68,600 - $7,800 - $51,680 - $12,600 - $3,800 = $95,220
Therefore, the cash balance at the end of the first year for Alpaca Corporation is $95,220.
The hallways of a university are lit by 40 fluorescent lights, each containing two lamps rated at 60 W each. The lights are on all day and night during the year, but the building is only used from 7 a.m. to 7 p.m. 5 days per week during the year. If the price of electricity is 7 cents/kWh, estimate the amount of energy and money that could be saved by installing two motion sensors that turn off the lights when the building is not being used. Then, estimate the simple payback and the payback with a 6% effective interest rate if the price of a sensor is $50 and the cost of installation is $40.
Answer:
simple payback period = 1.9 years
discounted payback period = 2.08 years
Explanation:
the total cost of electricity per year = [(2 x 60 x 40 x 24 x 365) / 1,000] x $0.07 = $2,943.36
consumption for the actual time needed, assuming that the university is open all year long = [(2 x 60 x 40 x 12 x 5 x 52) / 1,000] x $0.07 = $1,048.32
savings resulting from installing motion sensors = $2,943.36 - $1,048.32 = $1,895.04
cost of installing the 40 sensors = ($50 + $40) x 40 sensors = $3,600
simple payback period = $3,600 / $1,895.04 = 1.9 years
discounted cash flows:
$1,895.04 / 1.06 = $1,787.77
$1,895.04 / 1.06² = $1,686.58
$1,895.04 / 1.06³ = $1,591.11
discounted payback period = 2 years + $125.65/$1,591.11 = 2.08 years
g will shut down for sure when the market price is _____.A.less than $ a B.less than the marginal costC.greater than the marginal costD.less than average total costE.$ a
Answer:
B. less than the marginal cost
Explanation:
In the short run, a firm should shut down if price is less than average variable cost or marginal cost. the firm should shut down because it is making losses. When the firm shuts down, it still incurs some fixed cost such as rent but it would not incur variable cost e.g. wages.
The firm should exit the market in the long run if price is less than average total cost
Other financial data for the year ended December 31, 2020: Included in accounts receivable is $1,200,000 due from a customer and payable in quarterly installments of $150,000. The last payment is due December 29, 2022. During the year, estimated tax payments of $525,000 were charged to income tax expense. The current and future tax rate on all types of income is 30%. In Reese's December 31, 2020 balance sheet, the current liabilities total is
Answer:
$2,500,000
Explanation:
Calculation for the current liabilities total
Account payable and Accrued Liabilities $1,761,000
Add Income tax payable $654,000
Add Deferred income tax liability $85,000
Current liabilities total $2,500,000
($1,761,000+$654,000+$85,000)
Therefore the Current liabilities total is $2,500,000
A company pays it's workers 20$ a day .
Is it a fixed cost or variable cost ??
Answer:
Examples of variable costs are sales commissions, direct costs, cost of materials used in production, and utility costs. ૮(0w0)
Explanation:
Fixed costs remain the same, whether production increases or decreases. Wages paid to workers for their regular hours are a fixed cost. Any extra time they spend on the job is a variable cost. In a factory that makes dresses, the variable costs are the fabric and the used to make the dresses.
XYZ stock price and dividend history are as follows: Year Beginning-of-year Price Dividend paid at Year-End 2010 $100 $4 2011 $110 $4 2012 $90 $4 2013 $95 $4 What is the arithmetic average rate of return for the period from the beginning of 2010 to the end of 2012
Answer:
3.15%
Explanation:
The computation of the arithmetic average rate of return is shown below:
Arithmetic mean = (Year 1 + year 2 ...... Year n return) ÷ (Total number of years)
The rate of return is
= (Capital gain + dividend) ÷ Price
For 2010 - 2011 = ($110 - $100 + 4) ÷ $100 = 14%
For 2011 - 2012 = ($90 - $110 + $4) ÷ $100 = -14.55%
For 2012 - 2013 = ($95 - $90+ 4) ÷ $90 = 10%
Now the arithmetic average rate of return is
= (14% - 14.55% + 10%)
= 3.15%
If the pure expectations theory is correct (that is, the maturity risk premium is zero), which of the following is CORRECT? a. A 5-year T-bond would always yield less than a 10-year T-bond. b. The yield curve for corporate bonds may be upward sloping even if the Treasury yield curve is flat. c. An upward-sloping Treasury yield curve means that the market expects interest rates to decline in the future. d. The yield curve for stocks must be above that for bonds, but both yield curves must have the same slope. e. If the maturity risk premium is zero for Treasury bonds, then it must be negative for corporate bonds.
Answer:
The answer is A
Explanation:
I know this because i did this awhile back have a good day:)
What would the Bates' total itemized deductions be if all three church pledge payments were made in 2019
Question Completion:
Each year, Tom and Cindy Bates (married filing jointly) report itemized deductions of $20,000 (which includes an annual $4,000 pledge payment to their church). Upon the advice of a friend, they do the following: In early January 2019, they pay their 2018 pledge; during 2019, they pay the 2019 pledge; and in late December 2019, they prepay their 2020 pledge. a. What are the Bateses trying to accomplish? To have their itemized deductions exceed the standard deduction . b. What would the Bates' total itemized deductions be if all three church pledge payments were made in 2019?
Answer:
The Bates' total itemized deductions would be $20,000 if all three church pledge payments were made in 2019 (including $12,000 for the three years in church pledges and another $8,000 for other deductions).
Explanation:
It is assumed that the Bates' Adjusted Gross Income for 2019 is within the range of $100,000 to $200,000, which enables them to make charitable contributions up to $4,155 per annum. Since taxation uses the cash basis, it is possible for the Bates to claim the $12,000 cash in pledges for the current year when payment is made in the year.
What will be the effect on short-run price, quantity, and profit if a technological development reduces marginal costs in a competitive market
Answer:
Price
The price in the short-run will decrease because with less marginal costs, producers would produce more goods and services which would shift the supply curve to the right. The new intersection with the demand curve will be at a lower price.
Quantity
As said above, producers would produce more goods and services which means that the quantity supplied will increase.
Profit
This is a competitive market. Each firm will earn zero profits because the drop in price will match the drop in marginal costs to ensure that firms are not making anything extra.
Sheridan Company purchased land as a factory site for $1350000. Sheridan paid $114000 to tear down two buildings on the land. Salvage was sold for $8100. Legal fees of $5060 were paid for title investigation and making the purchase. Architect's fees were $47000. Title insurance cost $3500, and liability insurance during construction cost $3800. Excavation cost $15060. The contractor was paid $4500000. An assessment made by the city for pavement was $9800. Interest costs during construction were $257000. The cost of the land that should be recorded by Sheridan Company is
Answer: $1,482,360
Explanation:
The cost of the land will be all the costs that were incurred to get it ready for use.
= Purchase price + cost of tearing down two buildings + legal fees + Title insurance + Assessment Cost - Salvage
= 1,350,000 + 114,000 + 5,060 + 3,500 + 9,800 - 8,100
= $1,482,360
Assume that one year ago, you bought 210 shares of a mutual fund for $20 per share and that you received an income dividend of $0.22 cents per share and a capital gain distribution of $0.30 cents per share during the past 12 months. Also assume the market value of the fund is now $23 a share. Calculate the total return for this investment if you were to sell it now.
Answer:
17.60%
Explanation:
The total return , in this case, can be ascertained using the holding period formula provided below:
total return=(P1-P0+dividend+capital gains)/P0
Holding period return refers to the total return earned for holding the mutual fund investment for 1 year.
P1=market value of the fund now=$23
P0=the initial cost of the fund=$20
dividend=$0.22
capital gain= $0.30
total return=($23-$20+$0.22+$0.30)/$20
total return=$3.52 /$20
total return=17.60%
Explain the social context in which Computers and IT is used.
Explanation:
social computing is an area of computer since that is concerned with the intersection of social behavior and computational systems it is based on creating or recreating social conventions and social contexts through the use of software and technology
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator.
The GDP deflator for this year is calculated by dividing the value of all goods and services produced in the economy this year using_________ by the___________using___________and multiplying by 100. However, the CPI reflects only the prices of all goods and services____________.
Answer:
gdp deflator
Nominal GDP
Real GDP
Available
Explanation:
GDP deflator in economics can be regarded as the measurement of price level of domestically produced goods and services in a year.
Pine Street Inc. makes unfinished bookcases that it sells for $58. Production costs are $38 variable and $10 fixed. Because it has unused capacity, Pine Street is considering finishing the bookcases and selling them for $73. Variable finishing costs are expected to be $7 per unit with no increase in fixed costs. Prepare an analysis on a per unit basis showing whether Pine Street should sell unfinished or finished bookcases. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Answer:
See explanation below
Explanation:
Option of selling unfinished bookcase
Sales
$58
Less Variable cost
$38
Contribution
$20
Less fixed cost
$10
Net profit
$10
Option of selling finished bookcases
Sales
$73
Less variable cost
$7
Contribution
$66
Less fixed cost
$10
Net profit
$56
With regards to the above analysis, it is recommended that Pine street inc. Should go with the option of selling finished bookcases because it would yield the company the highest profit.
The definition of ethics provided in the book focuses on _______. Group of answer choices a) organization b) culture c) business d) conduct
Answer:
d) conduct
Explanation:
Ethics can be defined as a code of conduct that serves as a parameter to guide the behaviors and moral values present in a society.
Therefore, in business, it is essential that the code of ethics represents a conduct of positive behavior that helps to preserve values such as justice, integrity and equality of employees. Ethics assists in maintaining positive organizational values, in building a work environment focused on cooperation, respect and development of individual and general skills.
describe at least three things you should do during a job interview
Explanation:
Potential employees identify most critical key factors at interviews as displaying passion and making eye contact. As meetings are a dialogue between the prospective candidate and the boss, it is also important to talk plainly.
Consider all the firm's qualifications and the work you're interviewing for.
Study The Presenters Will Ask A question .
Darrell and Jim are planning to run in their office-sponsored marathon and plan on joining a gym to train.Darrell finds that gym-A has a $40 joining fee and then costs $15 per month after that.Jim finds that gym-B is free to join and costs $20 per month after. At what number of months of training would gym-A to be a cheaper option than gym-B
Answer:
From number of month to be 9, training would be cheaper in gym A than in gym B.
Explanation:
To calculate the number of months when option containing gym A becomes cheaper than option of gym B, we first need to form cost equations for both and equate them.
Let x be the number of months.
The cost of gym A is = 40 + 15x
The cost of gym B = 20x
40 + 15x = 20x
40 = 20x - 15x
40 = 5x
x = 40/5
x = 8
So, the cost for both options will be equal when the number of months is 8. From number of month to be 9, training would be cheaper in gym A than in gym B.
When a business establishes a web-site and begins to allow customers to place orders online without ever coming into their store, they are responding to changes in the: economic environment. economic environment. technological environment. technological environment. global environment. global environment. social environment.
Answer: technological environment
Explanation:
With the scenario explained in the question, the business is responding to changes in the technological environment.
Technological environment has to do with the environment that relates to how science and technology has brought Improvement into businesses. This can be seen in the scenario explained in the question.
What is the most important source of revenue and the ma- jor type of expenditure at the Federal level
Answer: See explanation
Explanation:
The most important source of revenue is the income tax and the major type of expenditure at the Federal level is the pension and income security.
Income tax is the tax that the government of a particular country levies on the personal income of the people in the country. The main reason for taxation is to generate revenue which can be sued by the government to meet its expenses like the payment of pension and income security.
explain which types of organizations (if any) will traditional HRM fit most and which types of organizations (if any) will strategic HRM fit most
Answer:
The types of organization that fits the traditional HRM most are functional, divisional, and matrix organizational structures, which have hierarchical and centralized departments, where the HRM process is reactive, and staff specialists manage the human resources.
On the other hand, the types of organizations that fit the strategic HRM most are horizontal, flat, team-based, and networked organizational structures, which do not have hierarchical and centralized departments, where the HRM process is proactive, and line managers manage the human resources.
Explanation:
Traditional Human Resource Management (HRM) concentrates more on fulfilling their narrow mandates and carrying out core human resource activities. It is unlike strategic HRM, which integrates and aligns its activities with the business strategies in order to achieve organizational goals.
The first stage in the month-end process is reviewing transactions and recognizing any possible issues. What are the 2 open issues that can be viewed from the Transaction review tab?
Answer:
The correct 2 open issues are uncategorized transactions and transactions without payees
Explanation:
In the transaction review tab the two open issues that could be seen is non-categorization of the transactions and the transactions done without payees also it depicts the incomplete information and in this case it can be seen that there is a blank line in the column now for correcting it choose the transaction and then correct it
Therefore The correct 2 open issues are uncategorized transactions and transactions without payees
What is the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-hours
Answer:
$44,268
Explanation:
Calculation for What is the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-hours
First step is to calculate the Plant-wide Overhead Rate using this formula
Plant-wide Overhead Rate = Total Overhead / Total Direct Labor Hours
Let plug in the formula
Plant-wide Overhead Rate = $632,400 / 4,800 hours
Plant-wide Overhead Rate = $131.75
Now let calculate the total manufacturing overhead for the current product order
Using this formula
Current product order Total Manufacturing Overhead = Plant-wide Overhead Rate * Direct Labor Hours
Let plug in the formula
Current product order Total Manufacturing overhead= $131.75 *336 hours
Current product order Total Manufacturing overhead= $44,268
Therefore the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-hours will be $44,268