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lions [1.4K]
3 years ago
14

Maritime Marine Company has total estimated factory overhead for the year of $986,800, divided into four activities: fabrication

, $386,400; assembly, $207,900; setup, $112,000; and inspection, $280,500. Maritime manufactures two types of boats: a speedboat and a bass boat. The activity-base usage quantities for each product by each activity are as follows:
Fabrication Assembly Setup Inspection

Speedboat 1,200 dlh 1,800 dlh 60 setups 600 inspections
Bass boat 1,800 1,200 100 200
3,000 dlh 3,000 dlh 160 setups 800 inspections

Required:
a. Determine the activity rates for each activity.
b. Determine the factory overhead cost per unit for each product, using activity-based costing.
Business
1 answer:
Hatshy [7]3 years ago
5 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

Estimated costs:

fabrication= $386,400

assembly= $207,900

setup= $112,000

inspection= $280,500.

Fabrication Assembly Setup Inspection

Speedboat: 1,200 dlh 1,800 dlh 60 setups 600 inspections

Bass boat: 1,800 1,200 100 200

3,000 dlh 3,000 dlh 160 setups 800 inspections

First, we need to calculate the overhead rate for each activity:

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

fabrication= 386,400/3,000= $128.8 per direct labor hour

assembly= 207,900/3,000= $69.3 per direct labor hour

setup= 112,000/160= $700 per setup

inspection= 280,500/800= $350.63 per inspection

Now, we can allocate overhead to each product:

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

Speedboat= 1,200*128.8 + 1,800*69.3 + 60*700 + 600*350.63

Speedboat= $531,678

Bass boat= 1,800* 128.8 + 1,200*69.3 + 100*700 + 200*350.63

Bass boat= 455,126

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Answer:

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Explanation:

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Answer:

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Tax Liability  = ($194,500 - $85,650)28% + 17,442 + ($45,000 )(25%)

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2 years ago
________ is seen as a way to stimulate gains in economic efficiency by giving owners a powerful incentive—the reward of greater
Mama L [17]

Answer:

Group of choices:

A.  Globalization

B.  Economic transformation

C.  Deregulation

D.  Privatization

The correct answer is  D.  Privatization.

Explanation:

Privatization is an existing mechanism in the economy through which the government makes an industry or an activity no longer part of the public sphere, being transferred or transferred from the State to private companies or organizations.

The concept of privatization is often related to tools to improve competition, which help companies to improve their cost structure, allowing products to be of higher quality and at lower prices, favoring the consumer.

Since privatization reduces state participation in the economy, it is identified with capitalist policies. This tool is opposed to nationalization.

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3 years ago
Northeast Auto​ Parts, a​family-owned auto parts​ store, began January with $10,600 cash. Management forecasts that collections
coldgirl [10]

Answer:

Part 1. $500 required

Part 2. $1,500 required

Explanation:

<u>Part 1.</u>

                                     <u>Northern Auto Parts</u>

                                           <u>Cash Budget</u>

<u>Cash Receipts:</u>

                                                         January       February

Beginning cash balance                     10600         10500

Cash receipts from customers            11300          14700  

Cash receipt on note receivable       <u>  6500              0     </u>

Cash available                                     28400        25200

<u></u>

<u>Cash payments:</u>    

Purchases of inventory                         14400           12200

Selling and administrative expenses  <u>  3500            3500  </u>

Total cash payments                          17900           15700

Now

                                                                              $                  $

<u>Cash Receipts:</u>                                                  28400        25200

<u>Cash payments:</u>                                             <u> </u><u>17900         15700 </u>

Ending cash balance before financing          10500           9500  

<u>Less</u>: Ending cash balance Required             <u> 10000          10000 </u>

Projected cash excess                                       500             -500  

Total effects of financing                                 <u>     0                 500  </u>

Ending cash balance                                         10500          10,000

<u></u>

<u></u>

<u>Part 2.</u>

<u>Cash Receipts:</u>

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Beginning cash balance                     10600         10500

Cash receipts from customers            11300          13700  

Cash receipt on note receivable       <u>  6500              0     </u>

Cash available                                     28400        24200

<u></u>

<u>Cash payments:</u>    

Purchases of inventory                         14400           12200

Selling and administrative expenses  <u>  3500            3500  </u>

Total cash payments                          17900           15700

Now

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<u>Cash Receipts:</u>                                                  28400        24200

<u>Cash payments:</u>                                             <u> </u><u>17900         15700 </u>

Ending cash balance before financing          10500           8500  

<u>Less</u>: Ending cash balance Required             <u> 10000          10000 </u>

Projected cash excess                                       500             -1500  

Total effects of financing                                 <u>     0                1500  </u>

Ending cash balance                                         10500          10,000  

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6 0
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GaryK [48]

Answer:

The answer is 20.55 days

Explanation:

Solution

Given that:

Annual sales =$627,200

Average accounts receivable =$35,300

Now

The accounts turnover ratio (receivable) = Sales/Average accounts receivable

Accounts receivable turnover ratio = $627,200/$35.300

=17.76 times

Thus

Number of days payment receives = 365/ Accounts receivable turnover ratio =365 days/17.76 times

=20.55 days

Therefore The company takes 20.55 days to get payment for its services

7 0
3 years ago
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