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
laila [671]
3 years ago
14

Stockmaster Corporation has two manufacturing departments--Forming and Assembly. The company used the following data at the begi

nning of the year to calculate predetermined overhead rates: Forming Assembly Total Estimated total machine-hours (MHs) 5,000 5,000 10,000 Estimated total fixed manufacturing overhead cost $27,000 $10,500 $37,500 Estimated variable manufacturing overhead cost per MH $1.10 $2.80During the most recent month, the company started and completed two jobs--Job C and Job H. There were no beginning inventories. Data concerning those two jobs follow: Job C Job HDirect materials $11,200 $7,500Direct labor cost $21,900 $7,800Forming machine-hours 3,400 1,600Assembly machine-hours 2,000 3,000Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 40% on manufacturing cost to establish selling prices. The calculated selling price for Job C is closest to:a. $25,192b. $88,172c. $62,980d. $96,989
Business
1 answer:
KonstantinChe [14]3 years ago
8 0

Answer:

Explanation:

Forming

Estimated fixed manufacturing overhead  $27,000

Estimated variable manufacturing overhead ($1.10*5,000)  $5,500

Estimated total manufacturing overhead cost  $32,500

Assembly

Estimated fixed manufacturing overhead  $10,500

Estimated variable manufacturing overhead ($2.80 × 5,000)  14,000

Estimated total manufacturing overhead cost  $24,500

Now we need to add these two numbers ($32,500 + $24,500 = $57,000) in order to identify plantwide predetermined manufacturing overhead rate

Estimated total manufacturing overhead cost  $57,000

Estimated total machine hours  10,000

Predetermined overhead rate  $5.70  [57,000/10,00]

The overhead applied to Job C:

Overhead applied to job C = Predetermined overhead rate x Machine-hours incurred by C

= $5.70 * (3,400 + 2,000)

= $5.70 x (5,400)

= $30,780

Job C’s manufacturing cost:

Direct materials  $11,200

Direct labor cost  $21,900

Manufacturing overhead $30,780

Total manufacturing cost  $63,880

The selling price for Job C:

Total manufacturing cost  $63,880

Markup (40%)  25,552

Selling price  $89,432

 

You might be interested in
The number of new domestic wind turbine generators installed each year in a particular country has been forecast to increase at
kirza4 [7]

Answer:

2030

Explanation:

The computation of the total number of new generators including this year is shown below

Given that

(A) = 100

Common Ratio (r) = 1.15

n = 10

Now

Sum of 10 terms Sn is

= A × (r n - 1) ÷ (r - 1)

= 100 × (1.1510 - 1) ÷ (1.15 - 1)

= 100 × 3.0456 ÷ 0.15

= 2030

We simply applied the above formula so that the total number of new generators could come

5 0
3 years ago
Cyclical unemployment refers to A. the portion of unemployment created by job search. B. the portion of unemployment created by
myrzilka [38]

Answer:

i pretty sure its c but if it wrong just let me know

Explanation:

it pretty much makes sence

can i get brainlest

6 0
3 years ago
During 2017 sales on account were $390,000 and collections on account were $230,000. also, during 2017 the company wrote off $22
Scilla [17]

Answer:

[(Accounts receivable at the beginning of the year + $138,000) - $144,000] - cash realizable value at the beginning of the year

Explanation: The question is incomplete but just apply the missing figures: [(Accounts receivable at the beginning of the year + Sales on account - Collections on account - write off) - bad debt] - cash realizable value at the beginning of the year

[(Accounts receivable at the beginning of the year + $390,000 - $230,000 - $22,000) - $144,000] - cash realizable value at the beginning of the year

5 0
3 years ago
Read 2 more answers
1.different types of socialization?​
patriot [66]

Answer:

Primary and secondary

Explanation:

Generally there are 5 types of socialisation.

1. Primary

2. Secondary

3.Anticipatory

4. Development

5. Resocialisation.

But the common are primary and secondary

6 0
3 years ago
Read 2 more answers
Consider the demand for Russian rublesRussian rubles in exchange for Mexican pesosMexican pesos. Which of the following will not
Rzqust [24]
B because the currency traders believe that value of rubber ruble was important
4 0
3 years ago
Read 2 more answers
Other questions:
  • Item25 Item 25Item 25 Mullis Corp. manufactures DVDs that sell for $5.00. Fixed costs are $28,000 and variable costs are $3.60 p
    6·1 answer
  • Nachman Industries just paid a dividend of D0 = $1.32. Analysts expect the company's dividend to grow by 30% this year, by 10% i
    5·1 answer
  • Pease Answer ASAP. I need help with sources to answer the following question:
    15·1 answer
  • The annual percentage rate on a credit card determines _______.
    13·2 answers
  • Call centers offering technical support for American products have been moved to India to take advantage of lower labor costs. T
    12·1 answer
  • A group of young patrons come into the venue after a sports event. They are loud and excited, celebrating a win for their team.
    6·1 answer
  • Coastal Shores Inc. (CSI) was destroyed by Hurricane Fred on August 5, 2021. At January 1, CSI reported an inventory of $170,000
    15·1 answer
  • An example of a fixed cost is
    12·2 answers
  • On May 31, Money Corporation's Cash account showed a balance of $13,500 before the bank reconciliation was prepared. After exami
    9·1 answer
  • Oberholser, Inc., has an issue of preferred stock outstanding that pays a dividend of $3.15 every year in perpetuity. If this is
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!