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Rainbow [258]
3 years ago
6

Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou

rs. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 70,000 Total fixed manufacturing overhead cost $ 273,000 Variable manufacturing overhead per direct labor-hour $ 6.00 Recently, Job P951 was completed with the following characteristics: Number of units in the job 50 Total direct labor-hours 100 Direct materials $ 680 Direct labor cost $ 7,000 The unit product cost for Job P951 is closest to: (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
Butoxors [25]3 years ago
5 0

Answer:

$5625.60

Explanation:

number of units produced =50 units

direct labour hours 100

direct materials $ 680

Direct labor cost $ 7,000

The unit product cost for Job P951 is;

Direct materials = $ 680

Direct labor cost $ 7,000

variable manufacturing overheads $ 6.00*100=600

total fixed manufacturing overheads= $ 273,000

total costs=$(680+7000+600+273000)=$281,280

unit product cost=$28,1280/50

=$5625.60

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A(n) ________ report is a general report of the applicant's finances, character, morals, work, hobbies, and other habits.
VashaNatasha [74]

The correct answer is the inspection report. It is because the inspection report covers of the information regarding about the applicant in terms of their character, the people associated with them and as well as the hobbies or anything related that could be based on their work.

6 0
3 years ago
The following information relating to a company's overhead costs is available. Actual total variable overhead $ 73,000 Actual to
Andrei [34K]

Answer: $2,000 favorable

Explanation:

Total variable overhead variance = Budgeted variable overhead - Actual total variable overhead

Budgeted variable overhead = Budgeted machine hours allowed for actual output * Budgeted variable overhead rate per machine hour

= 30,000 * 2.50

= $75,000

Total variable overhead variance = 75,000 - 73,000

= $2,000 favorable

Favorable because the actual amount was less than the budgeted one.

6 0
2 years ago
On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,000. Jarden prepares a sche
ahrayia [7]

Answer and Explanation:

a. The required balance of allowance for doubtful debts is shown below:

Particulars       Account receivable  %             Estimated uncollectible

Not yet due    $860,000                1.20%        $10,320

1 to 30 days    $344,000                1.95%        $6,708

31 to 60 days  $68,800                  6.45%       $4,438

61 to 90 days  $34,400                  32.50%    $11,180

Over 90 days $13,760                    67.00%    $9,219

Estimated balance                                           $41,865

b. The adjusting entry is

Bad debt expense Dr ($41,865 - $14,000) $27,865

         To Allowance for doubtful debts $27,865

(being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful debts as it decreased the assets

8 0
3 years ago
Schneider, Inc., had the following information relating to Year 1: Budgeted factory overhead: $74,800 Actual factory overhead: $
astraxan [27]

Answer:

<u>The actual direct labor hours are 45,000.</u>

<u>The overhead rate for Year 2 is $1.74.</u>

Explanation:

Compute the actual direct labor hours:

\begin{aligned}\text{Actual direct labor hours}&=\dfrac{\text{Applied overheads}}{\text{Overhead rate}}\\&=\dfrac{\$76,500}{1.7}\\&=45,000\end{aligned}

<u>Therefore, the actual direct labor hours are 45,000.</u>

Compute the overhead rate for Year 2:

\begin{aligned}\text{Overhead rate}&=\dfrac{\text{Actual overheads}}{\text{Actual direct labor hours}}\\&=\dfrac{\$78,300}{45,000}\\&=1.74\end{aligned}

<u>Therefore, the overhead rate for Year 2 is $1.74.</u>

<u />

Working note:

Calculate the overhead rate for Year 1:

\begin{aligned}\text{Overhead rate}&=\dfrac{\text{Budgeted overheads}}{\text{Estimated direct labor hours}}\\&=\dfrac{\$74,800}{44,000}\\&=1.7\end{aligned}

7 0
3 years ago
"the interests of one person should never take precedence over what is best for the company as a whole" is an explanation of whi
Monica [59]
That is an explanation of which of fayol's principles of management: <span>Subordination of Individual Interest
According to this principle, all the employees must put the company's priority over another, including conflict inside the working environment or personal conflicts outside the working environment
</span>
3 0
3 years ago
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