Answer:
Requirement: <em>Determine the overhead rate for each activity "Materials handling, Machine setups, Quality inspections"</em>
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Materials handling overhead rate = Total cost / Cost driver volume
Materials handling overhead rate = $30,000 / 1,000
Materials handling overhead rate = $30
Machine setups overhead rate = Total cost / Cost driver volume
Machine setups overhead rate = $23,750 / 475
Machine setups overhead rate = $50
Quality inspections overhead rate = Total cost / Cost driver volume
Quality inspections overhead rate = $19,000 / 475
Quality inspections overhead rate = $40
Answer:
$855,000
Explanation:
The Raw Materials T - Account can be used to determine the cost of direct materials used in production using the missing balance technique as follows :
Raw Materials T - Account
Debit :
Beginning Balance $279,000
Purchases $828,000
Total $1,107,000
Credit :
Ending Balance $252,000
Transferred to Production (<em>Balancing figure</em>) $855,000
Total $1,107,000
Answer:
$587.79
Explanation:
Data provided in the question
Amount paid in three years = $700
Discount rate in the first year = 5%
Discount rate in the second year = 6%
Discount rate in the third year = 7%
So by considering the above information, the present value is
= (Amount paid in three years) ÷ (1 + Discount rate in the first year × 1 + Discount rate in the second year × 1 + Discount rate in the third year)
= ($700) ÷ (1 + 0.05 × 1 + 0.06 × 1 + 0.07)
= ($700) ÷ (1.05 × 1.06 × 1.07)
= $700 ÷ 1.19091
= $587.79
Answer:True
Explanation:
A large portion of product cost relates to direct materials and the number if setups is directly proportional to the length if time require to carry out production. When producing I Small lots,production will take place in small scale and transported in small scale so bearing goods to a consumer with large will involve repeated production and multiple shipping to meet up .
Answer:
D. Job specifications
Explanation:
Job specification -
It is the piece of information about the qualifications , strength , weakness and characteristics required in the person to take over a job or task .
hence , from the question , Nathan need to be aware about the job specifications , to select the candidate .
hence , from the given options , the correct term for the given information of the question is D. Job specifications .
