Question 7.7.( TCO B) Buckhorn Corporation bases its predetermined overhead rate on the estimated machine hours for the upcoming year. Data for the upcoming year appear below. Estimated machine hours 37,000 Estimated variable manufacturing overhead $ 7.77 per machine hour Estimated total fixed manufacturing overhead $ 888,000
The actual machine hours for the year turned out to be 35,000.
Required: Compute the company ' s predetermined overhead rate.( Points: 25)
Set 3
( TCO E) Preparing purchase orders is a( n)( Points: 5) batch-level activity. product-level activity. unit-level activity. organization sustaining activity.
2.( TCO G) Given the following data, what would ROI be? Sales $ 70,000 Net operating income $ 10,000 Contribution margin $ 20,000 Average operating assets $ 50,000 Stockholder ' s equity $ 25,000( Points: 5) 28.6 % 20.0 % 40.0 % 50.0 % 3.( TCO C) Heckaman Corporation produces and sells a single product. Data concerning that product appear below. Selling price per unit $ 115.00 Variable expense per unit $ 56.35 Fixed expense per month $ 299,115