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Greeley [361]
3 years ago
15

NEED HELP ASAP!!

Business
2 answers:
klio [65]3 years ago
6 0

THE correct answer is false

Virty [35]3 years ago
3 0
The answer for this statement is TRUE
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Tony’s business has been struggling for a while his marketing strategy has not worked with the consumers his business has reache
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4 years ago
Does china have a pure market economy
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3 0
3 years ago
Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their components depa
katrin [286]

Answer:

Plantwide Overhead Rate $ 213.61 per hour

1) Overhead Cost Model 145=$ 487062.56

1) Overhead Cost Model 211= $ 1153494

<u>Total Cost per unit      </u> Model 145  <u>           696.29       </u>  Model 212 <u>                        $406.56</u>

Explanation:

Plantwide Overhead Rate = Total Estimated Overhead/ No of Machine Hours

        Process Activity Overhead                Cost Driver Quantity

Components Changeover $ 459,500        Number of batches 810

$ 459,500/810= $567.28 per batch

Machining 301,600                                       Machine hours 7,680

301,600/ 7,680 = $ 39.27

Setups 227,500                                              Number of setups 80

<u>227,500   /80=2843.75 per set up                                                    </u>

<u>$ 459,500 +301,600  +227,500  =</u><u>$ 988,600                                    </u>

Finishing Welding $ 180,500                         Welding hours 4,900

$ 180,500/  4,900= $ 36.84 per welding hour

Inspecting 222,000                                    Number of inspections 815

222,000/815 = $ 272.39 per number of inspections

Rework 60,700                                            Rework orders 230

<u> 60,700 /230 = 263.91 per rework order                                                 </u>

<u>$ 180,500+ 222,000+  60,700 =</u><u>$ 463,200                                           </u>

Support Purchasing $ 135,500                  Purchase orders 525

$ 135,500 / 525 = $ 258.10 per purchase order

Providing space 31,550                              Number of units 4,800

31,550/4800=   $ 6.57 per number of unit

Providing utilities 60,110                             Number of units 4,800

<u>60,110  / 4800= $ 12.53                                                                             </u>

<u>$ 135,500+ 31,550+60,110  </u><u>=$ 227,160                                                     </u>

Additional production information concerning its two product lines follows.

                                       Model 145           Model 212

Units produced                 1,600                   3,200

Welding hours                  2,000                   2,900

Batches                                405                     405

Number of inspections         485                     330

Machine hours                   2,280                   5,400

Setups                                 40                          40

Rework orders                       130                      100

Purchase orders                   350                        175

1)Plantwide Overhead Rate = Total Estimated Overhead/ No of Machine Hours

Adding the Estimated Sub Totals we get

Total Estimated Overhead=$ 988,600  + $ 463,200  + $ 227,160

Total Estimated Overhead= $ 1678960

No of Machine Hours= 7860 (given)

Plantwide Overhead Rate =$ 1678960/7860= 213.608= $ 213.61 per hour

Overhead Cost Model 145=$ 213.61 per hour* 2,280  hours

1) Overhead Cost Model 145=$ 487062.56

1) Overhead Cost Model 211=$ 213.61 per hour* 5400 hours= $ 1153494

2)                          Model 145                               Model 212.

Direct Materials                                                     $ 130

Direct Labor             $200

Overhead Costs       $567.28* 405                        $567.28*405

                                     =   229784.4                            =    229784.4

                                  $ 39.27*2280                      $ 39.27*5400

                                      = 89535.6                             =212058

                                    2843.75*40                        2843.75* 40

                                      =113750                              =113750

Subtotal                       433070                                 555592.4

                                  $ 36.84*2000                        $ 36.84 *2900

                                  =73680 i                                     = 106836

                                  $ 272.39* 485                         $ 272.39* 330

                                     =132109.5 ii                              =  89888.7

                                    263.91*130                            263.91 *100

                                      =34308.3 iii                             =26391

Subtotal                 i+ii+iii= 240097.8                               223115.7

                                    $ 258.10*350                     $ 258.10*175

                                       =90335 i                                = 45167.5  a

                                      $ 6.57 *1600                     $ 6.57 *3200

                                       = 10512 ii                                 =21024  b

                                      $ 12.53 *1600                       $ 12.53 *3200

                                        =20048 iii                              40096  c

Subtotal                 i+ii+iii= 120895                               a+b+c = 106287.5

Total Overhead             794062.8                                      884995.6    

No of Units                   1600                                                3200        

Total Overhead Cost Per Unit   496.29                           276.56

Direct Labor                        $200                            

Direct Materials              <u>                                             $130</u>

<u>Total Cost per unit                 696.29                               $406.56</u>

3 0
3 years ago
Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No journal entry
Karolina [17]

Answer:

The journal entries are as follows:

(i) (a) Under allowance for doubtful account method:

Allowance for doubtful accounts A/c Dr. $13,300

              To accounts receivable                           $13,300

(To record the bad debts written off)

(b) Under direct write off method:

Bad debt expenses A/c Dr. $13,300

          To accounts receivable         $13,300

(To record the Bad debts written off)

(ii) Bad debts expenses A/c Dr. $15,300

               To Allowance for doubtful accounts $15,300

(To record the bad debt expense)

6 0
3 years ago
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