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kap26 [50]
3 years ago
12

Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.50 per pound $ 7.50 Direct labor 5 hours at $7.50

per hour 37.50 Actual results: Units produced 7,800 units Direct material purchased 26,000 pounds at $2.70 $ 70,200 Direct material used 23,100 pounds at $2.70 62,370 Direct labor 40,100 hours at $7.30 292,730 Assume that the company computes variances at the earliest point in time. The standard hours allowed for the work performed are:
Business
1 answer:
Ainat [17]3 years ago
4 0

Answer:

Standard hours for Job C77 39,000 HOURS

Explanation:

We are asked for Direct labours, so everything else is irrelevant for now.

In the first sentence we got the stadard values for 1 units of product:

Cost Standard DL 5 hours at $37.5 for 1 unit of product

Now let's check how many units were done on job C77

Job C77 Unit Produced 7,800 units

If each units standard is 5 hours, then multiplying we get the standard hours for job C77

Standard hours for the work:

Actual units * StandardHours =$Standard Units JOB C77

7,800 * 5= 39,000

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Before the year began, Mitchell Manufacturing estimated that manufacturing overhead for the year would be $175,500 and that 13,0
masya89 [10]

Answer:

B, 195750

Explanation:

Let's first figure out the manufacturing overhead per direct labor hour

175500/13000= 13.5

So we allocate 13.5 in manufacturing overhead per direct labor hour

Let's the mulitply this by the number of actual direct labor hours

14500*13.5=195750

6 0
3 years ago
A group of computers that are interconnected in order to share information or documents is called a
Mashutka [201]
A group of such computers - which get interconnected in order to share information or documents are usually called a computer network.
This is a common type of networking when working in large companies or businesses.
5 0
3 years ago
Cache Creek Manufacturing Company is expected to pay a dividend of $4.20 in the upcoming year. Dividends are expected to grow at
Digiron [165]

Answer: 0.9

Explanation:

The Expected Return on an investment can be calculated using the Dividend Discount Model as it is a key component in thw formula which is,

P = D1 / r - g

where,

D1 is the dividend paid next year

P is the current stock price

g is the growth rate

r is the expected return

With the given figures we have,

84 = 4.20 / r - 0.08

84 ( r - 0.08) = 4.20

r - 0.08 = 4.20/84

r = 4.20/84 + 0.08

r = 0.13

The Expected Return can be slotted into the CAPM formula to find the beta.

The CAPM formula calculates the Expected Return in the following manner,

Er = Rf + b( Rm - rF)

Where,

Er is expected return

Rf is the risk free rate

Rm is the market return

b is beta

Slotting in the figures gives,

0.13 = 0.04 + b( 0.14 - 0.04)

0.13 = 0.04 + b (0.1)

0.13 - 0.04 = 0.1b

b = 0.09/0.1

b = 0.9

Using the constant-growth DDM and the CAPM, the beta of the stock is 0.9

8 0
2 years ago
MaltHanks Inc., a leading American firm, starts its operations in China. It incurs a lot of additional costs in comparison to th
asambeis [7]

Answer: Liability of foreignness

Explanation: In simple words, the extra cost incurred by a company operating in a foreign country as compared to the local companies over there is called the liability of foreignness.

In the given case, the American company incurred extra cost in china due to their lack of local knowledge and discrimination from the locals.

Thus, from the above we can conclude that Malt hanks faced liability of foreignness.

5 0
3 years ago
Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issued $800,000 of 10-year, 6% bo
igomit [66]

Answer:

May 1

Dr Cash 800,000

Cr Bonds payable 870,000

Nov 1

Dr Interest expense 24,000

Cr Cash 24,000

Dec 31

Dr Interest expense 8,000

Cr Interest payable 8,000

Explanation:

Thomson Co Journal entries

May 1

Dr Cash 800,000

Cr Bonds payable 870,000

Nov 1

Dr Interest expense 24,000

Cr Cash 24,000

(800,000*6%*6/12)

Dec 31

Dr Interest expense 8,000

Cr Interest payable 8,000

(800,000*6%*2/12)

8 0
2 years ago
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