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kiruha [24]
3 years ago
10

Channing Corporation makes two products (A1 and B2) that require direct materials, direct labor, and overhead. The following dat

a refer to operations expected for next month. A1 B2 Total Revenue $ 190,000 $ 570,000 $ 760,000 Direct material 75,000 150,000 225,000 Direct labor 58,000 137,750 195,750 Overhead: Direct-material related 54,000 Direct-labor related 50,895 Required: Channing uses a two-stage cost allocation system, It uses direct-material costs to allocate direct-materials related overhead and direct-labor costs to allocate direct-labor related overhead costs. a. Compute the direct-material related overhead rate for next month. b. Compute the direct-labor related overhead rate for next month. c. What is the total overhead allocated to product A1 next month? d. What is the total overhead allocated to product B2 next month?
Business
1 answer:
vitfil [10]3 years ago
7 0

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Channing uses a two-stage cost allocation system, It uses direct-material costs to allocate direct-materials related overhead and direct labor costs to allocate direct-labor related overhead costs.

A1

Direct material 75,000

Direct labor 58,000

B2

Direct material 150,000

Direct labor 137,750

Overhead:

Direct-material related 54,000

Direct-labor related 50,895

A) Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 225,000/54000= 4.17 per direct material

B) Estimated manufacturing overhead rate= 195,750/50895= 3.85 per direct labor

C) Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH (A1)= 4.17*75000 + 3.85*1377550= 843,087.5

D) Allocated MOH (B2)= 4.17*54000 + 3.85*50895= 421,125.75

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Anvisha [2.4K]

Answer: Is all of the above.

Explanation:

Accounting involves the process of taking accurate records of financial and non-financial activities of a business organization. Accounting is the language of business as it is needed for every business to succeed, also in accounting, records are kept that are useful in decision making.

7 0
3 years ago
The expected average rate of return for a proposed investment of $500,000 in a fixed asset, with a useful life of four years, st
Natalka [10]

Answer: 48%

Explanation:

Based on the information given, the average rate of return will be:

= (Average return) / (Average Investment) x 100

where, average return will be:

= ($240000 × 4)/4

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Then, annual averay rate of return will be:

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6 0
2 years ago
During June, Buttrey Corporation incurred $72,000 of direct labor costs and $12,000 of indirect labor costs. The journal entry t
romanna [79]

The correct question is:

During June, Buttrey Corporation incurred $67,000 of direct labor costs and $7,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a:

A)debit to Work in Process of $67,000B)credit to Work in Process of $74,000C)debit to Work in Process of $74,000D)credit to Work in Process of $67,

Answer:

a. debit to Work in Process of $67,000

Explanation:

Labour costs are made up of direct labour cost and indirect labour costs.

An addition of these two items results in amount of money the company will pay as wages to worked (labour).

In the given scenario we will then add direct and indirect labour cost to get wages to be paid.

Wage = 72,000 + 12,000 = $84,000

Wages is credited when raising journal entry

Direct labour will be classified under work in process (that is $72,000)

While indirect labour is manufacturing overhead $12,000)

Work in process and manufacturing overhead are debited when raising journal entry

So one of the entries will be a debit to Work in Process of $67,000

7 0
2 years ago
A manager responsible for facilitating the exchange of products between an organization and its customers through activities suc
Tpy6a [65]

Answer:

marketing manager

Explanation:

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The marketing manager is the senior officer responsible for the marketing functions of a company.  He or she is the leader of the marketing department and coordinates everyday activities in that section. The marketing manager balances and selects the most efficient channel of promoting company products such as TV advertising, print media, or digital marketing.

6 0
2 years ago
Which of the following is indicative of supervisory leadership?A. Conflict is containedB. Individual performance is developedC.
gulaghasi [49]

Answer:

B. Individual performance is developed.

Explanation:

Supervisors and leaders are closely related as both influence an audience, to grow and motivates them to attain goals.

Further, when supervisory leadership is done, it clearly helps individuals grow, and act motivated in all the aspects of the performance.

This, is clearly depicted from the results of outcomes as the performance is above the expected standards and then, the individual level of performing the job also get boosted.

Therefore, correct option is

Statement B

5 0
3 years ago
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