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lana66690 [7]
4 years ago
13

For​ 2018, Franklin Manufacturing uses machineminus−hours as the only overhead costminus−allocation base. The estimated manufact

uring overhead costs are $300,000 and estimated machine hours are 40,000. The actual manufacturing overhead costs are $520,000 and actual machine hours are 50,000. Using job​ costing, the 2018 budgeted manufacturing overhead rate is​ ________. (Round the final answer to the nearest​ cent.)
Business
1 answer:
Kobotan [32]4 years ago
7 0

Answer:

$7.5 per machine hour

Explanation:

The computation of the budgeted manufacturing overhead rate is shown below:

The budgeted manufacturing overhead rate = Estimated manufacturing overhead costs ÷ Estimated machine hours

= $300,000 ÷ 40,000 machine hours

= $7.5 per machine hour

In order to compute the budgeted manufacturing overhead rate we simply divided the estimated manufacturing overhead costs by the estimated machine hours.

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Moss, Inc. has total fixed costs of $56,000 and a contribution margin ratio of 40%. Moss wants to generate net income totaling $
Andrews [41]

At Moss’ target net income the sales revenue will be $227, 500

<u>Solution:</u>

Sales revenue required to attain target net income of $35,000 will be as follows,

\Rightarrow Fixed Cost of  $56,000 + target net income of $35,000 / Contribution margin ratio of 40% = $227, 500

$227, 500 - Most must generate sales of $227,500 to earn a net income of $35,000

5 0
4 years ago
During the current year, the company had the following summarized activities: Purchased short-term investments for $10,000 cash.
aivan3 [116]

Answer:

short-term investment 10,000 debit

                     cash                10,000 credit

note receivables           5,000 debit

                cash                         5,000 credit

equipment                  18,000 debit

        cash                          5,000 credit

         note payable           13,000 credit

cash              11,000 debit

     common stock          1,000 credit

     additional CS          10,000 credit

cash               9,000 debit

    note payable             9,000 credit

Patents      3,000 credit

          cash                   3,000 debit

Building    24,000 debit

      cash               8,000 credit

     note payable 16,000 credit

cash         1,000 debit

  equipment          1,000 credit

Explanation:

To record the entries we need to alwasy make debit = credit

we must use account names to represent each concept which are quite easy you don't have to overthink ou write what it is telling you it happen

Whe nthe company use cash use cash account

when it purchase equipment use equiptment

7 0
4 years ago
What happens if a jury duty summons is sent to the wrong address?
Pavlova-9 [17]
The individual should have their address updated, although if it's the fault of the court, there won't be a penalty or anything, but the individual will need to justify what happened.
6 0
3 years ago
Beginning work in process was $125,000. Manufacturing costs added to production for the month were $835,000. There were $200,000
Nataly_w [17]

Answer:

c. $ 760,000

Explanation:

For computing the cost of goods manufactured, we have to use the formula which is shown below:

Cost of goods manufactured= Beginning work in process + manufacturing cost - ending work in process

= $125,000 + $835,000 - $200,000

= $760,000

Beginning work in process + manufacturing cost is called total work in process for a given period

7 0
3 years ago
If a brand or company is trying to repair a damaged reputation with the people it serves, its strategic efforts in digital marke
Minchanka [31]

Answer:

C. Favorability.

Explanation:

Digital marketing can be defined as an application of a wide range of channels or medium such as mobile devices, internet, social media, software applications, search engines, and a variety of electronic channels to reach out to consumers and potential buyers.

If a brand or company is trying to repair a damaged reputation with the people it serves, its strategic efforts in digital marketing would align with favorability.

Favorability in digital marketing tends to measure the relationship between a business and its customers. The main purpose is to create affinity for a business or making customers feel positive towards a business after viewing an advert.

4 0
3 years ago
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