Aunt Dorothy Snacks makes potato chips, corn chips, and cheese puffs using three different production lines within the same manufacturing plant. Currently, Aunt Dorothy uses a single plantwide overhead rate to allocate its $ 3,796,200 of annual manufacturing overhead. Of this amount, $2,332,000 is associated with the potato chip line, $1,374,000 is associated with the corn chip line, and $629,000 is associated with the cheese puff line. Aunt Dorothy's plant is currently running a total of 17,000 machine hours: 10,600 in the potato chip line, 3,000 in the corn chip line, and 3,400 in the cheese puff line. Aunt Dorothy considers machine hours to be the cost driver of manufacturing overhead costs.

What is Aunt Dorothy's plantwide overhead rate?

Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability

Kevin and jenny, who are both working full-time, have three children all under the age of ten. the two youngest children, who are three and five years old, attended eastside pre-school for a total cost of $3,000. ervin, who is nine, attended big kid daycare after school at a cost of $2,000. jenny has earned income of $15,000 and kevin earns $14,000. what amount of childcare expenses should be used to determine the child and dependent care credit?

Which one of the following is not a typical current liability? a. interest payable b. current maturities of long-term debt c. salaries payable d. mortgages payable