Why might a business person purchase a fidelity bond?

Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the

Anton [14]

Solution :

a).

Estimated overhead 1,250,000

Divide by the estimated machine hours 50,000

Predetermined overhead rate 25

Actual machine hours 54,300

Multiply by predetermined overhead rate 25

The factory overhead amount applied $ 1,357,500

b).

Actual factory overhead 1,348,800

Less : factory overhead amount applied 1,357,500

The underapplied amount is $ 8700

4 0

3 years ago

MC Qu. 94 A company uses a process... A company uses a process costing system. Its Assembly Department's beginning inventory con

Eddi Din [679]

Answer:

$0.43

Explanation:

Equivalent Units

Labor

% Completion Units

Units Completed and Transferred out 100% 109,500

Ending Work in Process 25% 11,800

Total Equivalent units 121,300

Particulars Amount

Beginning work in Process 10,700

Cost Added during May 42,000

Total cost added during the year $52,700

Cost per Equivalent unit = Total cost added during the year / Total Equivalent units

Cost per Equivalent unit = $52,700 / 121,300 units

Cost per Equivalent unit = 0.43446002

Cost per Equivalent unit = $0.43

3 0

3 years ago

A U.S. manufacturer of adaptive devices for persons with disabilities is considering expanding internationally. It is a fairly s

posledela

Answer:

exporting

Explanation:

The exporting refers to the trade in which the goods and services are produced and sold to the another country. In this, the person who sells the goods and services is known as exporter while the foreign buyer who buyed the goods and services is known as importer

According to the given situation, the company is looking for growth opportunities and it is a fairly small company. Moreover it focused on exporting the goods and services

Hence, the option C is correct

5 0

3 years ago

Next Saturday, best friend, Sol, and I will have separate acts in a citywide talent contest. But we've just made a _____ with ea

Bas_tet [7]

Answer:

truce

Explanation:

Here is the full question :

Next Saturday, my best friend. Sol and I will have separate acts in a citywide talent contest. But

we've just made a _____with each other that will help us from feeling jealous if one of us

wins and one loses. We've decided that if one of us wins that person will share the prize money

with the other one.

Which word BEST completes the sentence?

truce

alliance

treaty

pact

A truce is an agreement between people to stop fighting for a limited.

Sol and his best friend made an agreement that would stop them from fighting

A pact is an agreement between people

3 0

3 years ago

Read 2 more answers

MCO Leather manufactures leather purses . Each purse requires 2 pounds of direct materials at a cost of $ 5 per pound and 0.7 di

zmey [24]

Answer:

MCO Leather Manufacturing Company

1. Direct Materials Budget

September October

Materials requirement 9,778 13,000

Ending inventory 3,900 3,780

Materials available 13,678 16,780

Beginning inventory 4,280 3,900

Purchases (pounds) 9,398 12,880

Cost of purchases $46,990 $64,400

2. Direct labor budgets for September and October:

September October

Units to be produced 4,889 6,500

Direct labor hours 3,422 4,550

Direct labor costs $41,064 $54,600

3. Factory Overhead Budgets for September and October:

September October

Units to be produced 4,889 6,500

Variable overhead $6,845 $9,100

Fixed overhead 13,000 13,000

Total overhead $19,845 $22,100

Explanation:

a) Data and Calculations:

Direct materials required per purse = 2 pounds

Cost of a pound of direct materials = $5

Direct materials cost per unit = $10 ($5 * 2)

Direct labor cost per unit = $8.40 (0.7 * $12)

Variable overhead = $2 per direct labor hour

Variable overhead per unit = $1.40 ($2 * 0.7)

Fixed manufacturing overhead per month = $13,000

Desired ending inventory of direct materials = 30% required the next month

August ending direct materials inventory = 4,280 pounds

Production Budget September October November

Units to be produced 4,889 6,500 6,300

Materials requirement 9,778 13,000 12,600

1. Direct Materials Budget

September October November

Materials requirement 9,778 13,000 12,600

Ending inventory 3,900 3,780

Materials available 13,678 16,780

Beginning inventory 4,280 3,900 3,780

Purchases (pounds) 9,398 12,880

Cost of purchases $46,990 $64,400

2. Direct labor budgets for September and October:

September October November

Units to be produced 4,889 6,500 6,300

Direct labor hours 3,422 4,550 4,410

Direct labor costs $41,064 $54,600 $52,920

3. Factory Overhead Budgets for September and October:

September October November

Units to be produced 4,889 6,500 6,300

Variable overhead $6,845 $9,100 $8,820

Fixed overhead 13,000 13,000 13,000

Total overhead $19,845 $22,100 $21,820

7 0

4 years ago