1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Pump prices slide as crude oil falls to​ six-year low The average price for regular gasoline at U.S. pumps fell almost 4 cents i
max2010maxim [7]

Answer:

lower the cost of producing gasoline and increase the supply of gasoline 

Explanation:

Crude oil is an input needed in the production of gasoline. If the price of crude oil falls, it would become cheaper to make gasoline and therefore the supply of gasoline would increase.

5 0
3 years ago
On the Budget Challenge Cash Flow Spreadsheet (CFS) (this file is downloadable on the "How to Play" page of the website), what c
stira [4]
Deposit column. You can also state in the comments section that it was interest earned from the checking account.
7 0
3 years ago
During 2016, Rao Co. introduced a new line of machines that carry a three-year warranty against manufacturer's defects. Based on
Over [174]

Answer:

$319,000

Explanation:

The computation of the liability is shown below:

= Total expenses in three year - actual warranty expenditure

where,

Total expenses in three years = Total sales × total percentage of sales

                                                = $6,200,000 × 9%

                                                = $558,000

And, the actual warranty expenditure is $239,000

Now put these values to the above formula  

So, the value would equal to

= $558,000 - $239,000

=  $319,000

6 0
3 years ago
Kent and Craig, who want to start a horse-training business, spoke to an insurance agent about getting insurance to cover potent
erica [24]

Answer:

Solution: the answer in delivered in 2 stages because of the character of dualistic problems:-

Part (1)

As Kent and Craig are concerned during a professional with prospective risk and that they wish to hide their prospective accountability. the character of the industry which can be utmost applicable in corporate against the other variety of industry like individual merchant or partnership company because of the subsequent details:-

Reason I: Unrestricted accountability- just in case of insolvency or industry letdown, Kent and Craig don't seem to be obligated to trade their particular resources.

Reason II: convenience of Business- because of the Supply of additional investment compared to restricted investment in sole profession and partnership company, they're ready to manage with the qualms related to the industry.

Part (2)

Wanting to the purposes of Dave and Cindy, the indebtedness corporation is desirable because of the subsequent details:-

Reason I: No danger to non-public assets because the corporation is proscribed accountability.

Reason II: just one level of tax within the variety of company tax .

7 0
3 years ago
On April 1, Townsley Company sold merchandise with a selling price of $10,000 on account to Trout Company, with terms 3/10, n/30
mamaluj [8]

Answer and Explanation:

The journal entry is shown below:

Cash $8,730

Sales Discount ($9,000 × 3%) $270

       To Accounts receivable $9,000 ($10,000 - $1,000)

Here cash and sales discount is debited as it increased the assets and discount while on the other hand the account receivable should be credited as it reduced the assets  

3 0
2 years ago
Other questions:
  • Annie is excited about a $500 income tax return and is already contemplating which shoes to purchase. annie is exhibiting
    9·1 answer
  • Following the assumption that firms maximize profits, how will the price and output policy of an unregulated monopolist compare
    13·1 answer
  • The biggest factor in determining the price of a mortgage is:
    5·1 answer
  • In a conditional expression that includes logical operators, the and operator has a lower order of precedence than the _________
    7·1 answer
  • Raiment Inc. manufactures sewing machines. In an issue of Homespun Comrade, Raiment purchases the bottom quarter ad space on thr
    11·1 answer
  • Peggy is in the business of factoring accounts receivable. Last year, she purchased a $30,000 account receivable for $25,000. Th
    6·1 answer
  • If the federal reserve lowers the federal funds rate, what will happen to bank savings account?
    10·1 answer
  • Which type of account is typically the most liquid
    9·1 answer
  • The balance in Discount on Bonds PayableGroup of answer choicesshould be reported on the balance sheet as an asset because it ha
    5·1 answer
  • Enterprise systems help managers and companies improve their performance by
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!