Answer:
$1.2
Explanation:
Predetermined overhead rate is the rate that is used to apply estimated overhead to job orders or products.
The predetermined overhead rate for 2020 is calculated as ;
= Estimated total manufacturing overhead costs / Estimated Direct labor cost
= $882,000 / $735,000
= $1.2
Therefore, the predetermined overhead rate for 2020 is $1.2
Answer:
The financial advantage (disadvantage) from further processing is $0.40.
Explanation:
Compute the financial advantage (disadvantage) of further processing of T-bone into filet mignon and New York cut steaks using the equation as shown below:
Financial advantage = Total sales from further processing −
Sale revenue lost of one T−bone − Cost of further processing
=$8.90−$7.95−$0.55
=$0.40
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Hence, the financial advantage (disadvantage) of further processing of T-bone into filet mignon and New York cut steaks is $0.40.
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Working Notes:
Compute the total sales from further processing using the equation as shown below:
Sales from further processing = One Fileted Mignon + New York Cut
=$4.50+$4.40
=$8.90
Hence, the total sale from further processing is $8.90.
Compute the Sales revenue from one fileted mignon after further processing using the equation as shown below:
One Fileted Migon = (Selling price per filet mignon×Yeild per ounce / Size of one T−bone steak
)
= $12×6 ounce / 16 ounce
=$4.50
Hence, the sales revenue from one fileted mignon after further processing is $4.50.
Compute the Sales revenue from one New York cut after further processing using the equation as shown below:
New York cut = (Selling price per New York cut × Yeild per ounce / Size of one T−bone steak
)
= $8.8×8ounce / 16 ounce
=$4.40
Answer:
screening the applications to see who meet the basic requirements for the job.
Explanation:
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