Answer:
Special request income 33,000
Explanation:
special request:
3000 units x $39 = 117,000
variable cost:
3000 units x $28 = 84,000
<u>Contribution margin 33,000</u>
special cost: <em>none</em>
additional fixed cost: <em>none</em>
Special request income 33,000
Notice:
Non additional shipping or setup cost is request for the order.
Non increase in fixed cost due to excess capacity.
If any of this concept do inccur in additional cost, it should be relevant as well in the calculations.
Answer:
Dr. Employee Benefits expense $22,700
Cr. Medical Insurance payable $13,500
Cr. Employee retirement program payable $9,200
Explanation:
The cost of fringe benefit provided to the employee of the company and any tax component attached to it is known as the employee benefit expense.
Total employee benefit expense is the sum of medical insurance and employee retirement program. As medical insurance and retirement program is payable until now so, it is recorded as a liability.
Employee benefit expense = $13,500 + $9,200 = $22,700
<span>
<span>Finance
charge can be defined as the amount charged by a creditor to a debtor as
borrowing fees or by a seller to a buyer for allowing the buyer to extend the
payment period for a certain good/service. In this case, the original price
of the car was $3,250. But since Michael's Plumbing was not able to pay the
full amount at once, they made a down payment of $450 and later 24 equal
installments of $150. In total, the amount paid will be (450+(150*24))=
$4,050. The finance charge is what they will pay over and above the initial
cash price. This is arrived at by getting the difference as follows
$4,050-$3,250= $800</span></span>
Answer:
$134,300
Explanation:
The computation of total manufacturing overhead is shown below:-
Variable manufacturing overhead = Variable manufacturing overhead cost per unit × Units produced
= $1.60 × 8,000
= $12,800
Total Manufacturing overhead = Variable manufacturing overhead + Fixed manufacturing overhead
= $12,800 + $121,500
= $134,300
So, for computing the total manufacturing overhead we simply applied the above formula.
Answer:
The list of items are as follows:
1. Salaries for assembly line inspectors - direct labor or manufacturing overhead
2. Insurance on factory machines - manufacturing overhead
3. Property taxes on the factory building - manufacturing overhead
4. Factory repairs - manufacturing overhead
5. Upholstery used in manufacturing furniture - direct materials
6. Wages paid to assembly line workers - direct labor
7. Factory machinery depreciation - manufacturing overhead
8. Glue, nails, paint, and other small parts used in production - manufacturing overhead
9. Factory supervisors’ salaries - manufacturing overhead
10. Wood used in manufacturing furniture - Direct materials
