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USPshnik [31]
3 years ago
7

Flawless Cosmetic Company manufactures and distributes several different products. The company currently uses a plantwide alloca

tion method for allocating overhead at a rate of $6 per direct labor hour. Loren is the department manager of the Makeup Department which produces Products – Concealer (C) and Glow Cream (GC). Jennifer is the department manager of the Hair Care Department which manufactures Product – Shampoo (S). The product costs (per case of 24 bottles) and other information are as follows: Products C GC S Direct materials $ 90.00 $ 80.00 $ 42.00 Direct labor 50.00 30.00 15.00 Overhead 20.00 25.00 17.00 $160.00 $135.00 $74.00 Machine hours 5 3 4 Number of cases (per year) 350 550 650 If Flawless changes its allocation basis to machine hours, what is the total product cost per case for Product GC? a. $166.80 b. $156.20 c. $150.90 d. $125.90
Business
1 answer:
IgorC [24]3 years ago
4 0

Answer:

Option (D) is correct.      

Explanation:

Total Overhead Cost:

= (Overhead × Number of cases) for all products

= (20 × 350) + (25 × 550) + (17 × 650)

= 31,800

Total Machine Hours:

= Machine hours × Number of cases

= (5 × 350) + (3 × 550) + (4 × 650)

= 6,000

Overhead Rate:

= Total Overhead Cost ÷ Total Machine Hours

= 31,800 ÷ 6,000

= 5.30

Total product cost per case for Product GC:

= Direct Material + Direct Labor + Overhead

= 80 + 30 + (Machine hours × Overhead Rate)

= 80 + 30 + (3 × 5.3)

= 80.00 + 30.00 + 15.90

= $125.90

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Answer:

I would say B, this career is unlikley to be a good fit for you.

Explanation:

It's common for your charateristicts to be different than those of the people in the job, but you must first always make sure that this is job is going to be ideal for you.

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4 0
3 years ago
Indicate whether each of the following is a final​ good, an intermediate​ good, or neither.
butalik [34]

Answer:

  • 1. Coffee beans purchased by a coffee shop   --  intermediate good.
  • 2. One share of Google stock  --   neither.
  • 3. A new pick-up truck purchased by a consumer   --  final good.
  • 4. A new home purchased by a family  --  final good.

Explanation:

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Answer and Explanation:

The journal entries are shown below:

1. Allowance for doubtful Accounts Dr      $3,500

            To Accounts receivable         $3,500

(Being the allowance for doubtful account is recorded)

2. Accounts receivable Dr $3,500

           To Allowance for doubtful Accounts $3,500

(Being the written off amount is recorded)

3. Cash Dr $3,500

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(Being the cash collection is recorded)

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A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs.

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