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tatiyna
2 years ago
15

The Work in Process Inventory account of a manufacturing company has a $3,200 debit balance. The company applies overhead using

direct labor cost. The cost sheet of the only job still in process shows direct material cost of $1,400 and direct labor cost of $800. Therefore, the amount of applied overhead is:
Business
1 answer:
charle [14.2K]2 years ago
6 0

The amount of applied overhead is $1,000.

<h3>What is inventory?</h3>
  • The products and materials that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock.
  • The main focus of inventory management is determining the location and shape of stocked commodities.
<h3>What is material cost?</h3>
  • The price of direct materials is directly related to the unit of production and is immediately identifiable.
  • For instance, the price of glass is a direct material expense in the production of light bulbs.
  • The primary component needed for the production of commodities or products was material.
<h3>Solution -</h3>

To find the amount applied overhead:

3200 - ( 1400 + 800 ) = 3200 - 2200

= $1,000

Therefore, the amount of applied overhead is $1,000.

Know more about the production here:

brainly.com/question/16755022

#SPJ4

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Explanation:

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3 years ago
How can social media endanger the safety of military service members and journalists?
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Answer:

"GPS technology may accidentally leak confidential information about the location."

Explanation:

A good case in point was a watch tracking service that leaked classified GPS coordinates of our military servicemen and women's location. It jeopardized our ability to effectively operate in a foreign land without notice of occupied territory.

In this question, it places our military and journalists at risk because they know where they are at and so forth.

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3 years ago
1. What is the revised net operating income if unit sales increase by 16%? 2. What is the revised net operating income if the se
weeeeeb [17]

Answer:

1) NOI = $90,240

2) NOI = 29,250

3) NOI = 133,260

4) NOI = 110,190

Explanation:

<em>The question is incomplete.</em>

<em />

<em>Sales (38,000 units)      $342,000     ($9.00 per unit)</em>

<em>Variable expenses        $228,000     ($6.00 per unit)</em>

<em>Contribution margin        $114,000     ($3.00 per unit)</em>

<em>Fixed expenses                $42,000 </em>

<em>Net operating income      $72,000</em>

1. What is the revised net operating income if unit sales increase by 16%

If unit sales increase, we can calculate this with a 16% increase in the contribution margin.

NOI=CM*(1+0.16)-FE=114,000*1.16-42,000=132,240-42,000\\\\NOI=90,240

2. What is the revised net operating income if the selling price decreases by $1.50 per unit and the number of units sold increases by 25%?

A reduction of $1.50 in price means a reduction of the same amount in the contribution margin per unit (CMu), as the variable expenses stay the same .

Also, the contribution margin increases by 25%, for the increase in units sold (q).

NOI=CM_u*q-FE=(3.00-1.50)*(38,000*1.25)-42,000\\\\NOI=1.5*47,500-42,000=71,250-42,000\\\\NOI=29,250

3. What is the revised net operating income if the selling price increases by $1.50 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 6%?

The selliing price will be added to the contribution margin per unit.

The units sold are increased 6%.

NOI=CMu*q-FE=(3.00+1.50)*38,000*1.06-(42,000+6,000)\\\\NOI=4.5*40,280-48,000=181,260-48,000\\\\NOI=133,260

4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 30 cents per unit, and the number of units sold decreases by 11%?

The contribution margin per unit, with a increase in price and an increase in variable cost, becomes:

CM_u=P-VE_u=9.00*(1.20)-(6.00+0.30)=10.80-6.30=4.50

The units sold is now:

q'=(1-0.11)q=0.89q=0.89*38,000=33,820

Then, the net operating income becomes:

NOI=CM_u*q-FE=4.5*33,820-42,000=152,190-42,000\\\\NOI=110,190

5 0
3 years ago
Partner Industries sells a single product for $50 that has a variable cost of $30. Fixed costs amount to $5 per unit when antici
Vera_Pavlovna [14]

Answer:

b. $20.

Explanation:

Regardless of what the break-even volume is, at this volume profits are zero.

This means that any unit sold beyond this point will provide a profit equivalent to its marginal benefit, which is its selling price subtracted by its variable cost.

If a product sells for $50 and has a variable cost of $30, by selling one unit in excess of its break-even volume, the profit will be:

P= \$50-\$30 =\$20

The profit will be $20.

8 0
3 years ago
Suppose in the short run a firm’s production function is given by Q = L 1 2 K 1 2 and that K is fixed at K = 10. If the price of
Furkat [3]

The firm’s marginal cost of production when the firm is producing 50 units of output is 33.33

Solution:

The production function is Q = \sqrt{L * K}

The initial value is 10 units. The production value is 50 units The manufacturing cycle needs work as stated below.

Q = \sqrt{L * K}

Q = \sqrt{L * 10}

L = (\frac{Q}{3.162} )^{2}

The wage rate is $15 . The following is the expense of the manufacturing process.

TC = P_{L} * L + P_{K} * K

TC = ( 15 * (\frac{Q}{3.162} )^{2} ) + [ P_{k * 10}]

The marginal production cost is really the increase in manufacturing costs as output increases by 1 point.

As listed below, the marginal cost:

TC = ( 15 * (\frac{Q}{3.162} )^{2} ) + [ P_{k * 10}]

MC = \frac{TC}{Q} = \frac{2Q}{3}

MC = \frac{2*50}{3} = 33.33

6 0
3 years ago
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