Ratchford Clocks manufactures alarm clocks and wall clocks and allocates overhead based on direct labor hours. The production process is set up in three departments: Assembly, Finishing, and Calibrating. The following is information regarding the direct labor used to produce one unit of the two clocks: Per-Unit Hours Assembly Finishing Calibrating
Alarm clocks 3 1 1
Wall clocks 2 3 2
Total direct labor hours 5 4 3

Factory overhead is budgeted for the year as follows:

Assembly Department $595,000
Finishing Department 200,000
Calibrating Department 140,000
Total factory overhead $935,000

Ratchford Clocks is planning to manufacture 50,000 alarm clocks and 10,000 wall clocks during the year.

a. Determine the total number of direct labor hours that will be needed by each department.
b. Determine the factory overhead rate by department using the multiple production department factory overhead rate method.
c. Determine the amount of factory overhead to be allocated to each unit of alarm clocks and wall clocks.
d. Determine the amount of total factory overhead to be allocated to the alarm clocks and wall clocks.

Acompany's sales in year 1 were $300,000, year 2 were $351,000, and year 3 were $400,000. using year 2 as a base year, the sales percent for year 3 is

Todd and jim learned that in building a business plan, it was important for them to:

At december 31, 2018, newman engineering’s liabilities include the following: $29 million of 5% bonds were issued for $29 million on may 31, 1999. the bonds mature on may 31, 2029, but bondholders have the option of calling (demanding payment on) the bonds on may 31, 2019. however, the option to call is not expected to be exercised, given prevailing market conditions. $33 million of 4% notes are due on may 31, 2022. a debt covenant requires newman to maintain current assets at least equal to 194% of its current liabilities. on december 31, 2018, newman is in violation of this covenant. newman obtained a waiver from national city bank until june 2019, having convinced the bank that the company’s normal 2 to 1 ratio of current assets to current liabilities will be reestablished during the first half of 2019. $26 million of 7% bonds were issued for $26 million on august 1, 1989. the bonds mature on july 31, 2019. sufficient cash is expected to be available to retire the bonds at maturity. required: classify the above mentioned debts as current liabilities or noncurrent liabilities. also, provide corresponding value for the same. (enter your answer in millions (i. e., 10,000,000 should be entered as