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Milan Manufacturing Company has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year Cost Rool Supervision of

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Milan Manufacturing Company has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year Cost Rool Supervision of direct labor Machine maintenance Facility rent Total overhead costs Overhead Costs 5539,000 $120,000 $215.000 5874.000 Cost driver Direct labor-hours Machine-hours Square feet of area Activity level 920,000 1,000,000 160,000 The accounting records show the Mossman Job consumed the following resources: Cost driver Direct labor-hours Machine-hours Square feet of area Actual level 300 1,675 70 If direct labor hours are considered the only overhead cost driver, what is the single cost driver rate for Milan On December 31, 2018 (A) paid JD70000 for 80% of the net asset of (B) The value of carrying assets and liabilities of (B) at this time equal to theif fair values except for inventory (decreased by 10000) and the land ( increased by 5000) (B's) stockholders equity at the date are Common stock 75000 Paid-in-capital 15000 Retained earings 10000 The credit side of the elimination entry for consolidated financial statement at this date will be using economic concept): Investment in (B) 70000 Non-controllable interest 19000 10000 inventory Goodwill 6000 Investment in (B) 70000 Non-controllable interest 11500 Land 5000 Goodwill 4000 The portion of a subsidiary's net income that is given to the parent is called: controlling interest. Non-controlling interest. Non-controlling interest share. controlling interest share A Moving to another question will save this response

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