Raindrop gear utilizes job-order costing for production of customized umbrellas. each division establishes its own estimates regarding overhead, which are as follows: division a division b total estimated overhead $78,750 $240,000 total estimated machine hours 26,250 15,000 total estimated direct labor costs $262,500 $120,000 if division a allocates overhead on the basis of direct labor costs, and division b allocates overhead based on machine hours, what will be the predetermined overhead rate for each division?

Lipman auto parts, a family-owned auto parts store, began january with $10,300.00 in cash. management forecasts that collections from credit customers will be $11,400.00 in january and $14,800.00 in february. the store is scheduled to receive $5,000.00 in cash on a business note receivable in january. projected cash payments include inventory purchases ($13,000.00 in january and $13,600.00 in february) and operating expenses ($2,700.00 each month). lipman auto parts' bank requires a $10,000.00 minimum balance in the store's checking account. at the end of any month when the account balance dips below $10,000.00, the bank automatically extends credit to the store in multiples of $1,000.00. lipman auto parts borrows as little as possible and pays back loans in quarterly installments of $2,000.00, plus 4 percent interest on the entire unpaid principal. the first payment occurs three months after the loan.