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
Dahasolnce [82]
3 years ago
14

The cost object of the plantwide overhead rate method is: Select one:

Business
1 answer:
Oduvanchick [21]3 years ago
5 0

The cost object of the plant-wide overhead rate method is "The unit of product"

Explanation:

Unit cost is the total production cost divided by the number of units manufactured. A company usually produces similar products in lots with hundreds or thousands of units per batch.

An overall overhead rate for the entire plant is a single level used only to allocate or assign all overhead production costs for a company to its output of production. Products for easier operation, such as assembly, can be allocated overhead at a level of $20 per hour of direct work.

You might be interested in
The Assembly Department produced 1,000 units of product during March. Each unit required 1.25 standard direct labor hours. There
frutty [35]

Answer:

Debit Work in process for $15,625

Debit Direct labor time variance for $625

Credit Direct labor rate variance for $650

Credit Wage payable for $15,600

Explanation:

Before preparing the journal, the following calculations are done first:

Wage payable = Actual hours * Actual rate per hour = 1,300 * $12 = $15,600

Direct labor time variance = (Actual hours - Standard hours) * Standard direct labor rate = (1,300 - (1,000 * 1.25)) * $12.50 = $625 Unfavorable

Note: Direct labor time variance is Unfavorable because Actual hours is greater than Standard hours.

Direct labor rate variance = (Actual rate - Standard rate) * Actual hours = ($12 - $12.50) * 1,300 = -$650 Favorable

Note: Direct labor rate variance if Favorable because Actual rate is lower than the Standard rate.

Work in process = Wage payable + Absolute value of direct labor rate variance - Direct labor time variance = $15,600 + $650 - $625 = $15,625

The journal entries will now look as follows:

<u>Date           Particulars                                         Debit ($)           Credit ($)   </u>

Mar. 31       Work in process                                  15,625

                  Direct labor time variance                      625

                  Direct labor rate variance                                                 650

                  Wage payable                                                               15,600

<u><em>                   (To record the direct labor in the Assembly Department.)       </em></u>

4 0
3 years ago
SUB TO ME thunderoflight12 PLSSSSSSSSSSSSSSS I WILL MARK BRAINLYIST IF YOU DO FOR ALL MY THINGS
qwelly [4]
I will look at your profile and see if I can subscribe based on your content
7 0
3 years ago
Read 2 more answers
The owner of a quick oil-change business charges $ 20 per oil change and has 40 customers per day. If each increase of $ 2 resul
Airida [17]

Answer:

maximum income is $900

Explanation:

given data

oil change = $20

per day = 40 customer

increase = $ 2

dailer customers = 2

owner charge = $ 2

to find out

income from the business

solution

we know current income is 40 × 20

current income = $800

we consider here price increase x and income as function y

so y = (20 +2x) × ( 40 - 2x)    ........1

y = −4x² + 40x + 800

take derivative and put dy/dx = 0 for maximum

dy/dx = -8x + 40

0 = -8x + 40

x=5

so here from 1

y = (20 +2x) × ( 40 - 2x)

y = (20 +2(5)) × ( 40 - 2(5))

y = 30 × 30

y = 900

so maximum income is $900

4 0
2 years ago
True or False: Economists believe that social regulation is an exception to the MB = MC rule because social regulation should in
Soloha48 [4]

Answer:

TRUE

Explanation:

The statement is True. Economists believe that social regulation is an exception to the MB=MC rule. The social regulation is an important aspect for a company as a repsonsibility towards the society. There must be awareness among the customers about the products offered to them and advantages of its utilisation to them. This includes the efforts of the companies to advertise the product ina proper manner. It also requires the company to be fair with their customers with respect to the ingredients or the raw material to be used by the manufacturers of the products. The working conditions of the manufacturing firms must be adequate for the employees to deliver an efficient product.

Thanks

8 0
2 years ago
Giorgio Italian Market bought $11,000 worth of merchandise from Food Suppliers and signed a 45-day, 8% promissory note for the $
Masja [62]

Answer:

                                                Dr.          Cr.

Purchases / Inventory         $11,000

Promissory Note Payable                  $11,000

Explanation:

Promissory note is a signed document which contains a written promise for payment of stated amount to specific person or bond holder on demand or specified date.

In this case the purchases are made and a promissory note of $11,000 is signed for 45 days at 8% annual rate.

This entry will be recorded as the purchases or Inventory are debited and as promissory note is a short term liability so, promissory note payable is credited resulting increase in inventory as well increase in current liability.

5 0
2 years ago
Other questions:
  • What does the term human capital refer to?
    12·2 answers
  • A manufacturing company hit by a slump in demand is experiencing a labor surplus. The company expects the market to improve in s
    6·1 answer
  • How to start a Media Company?
    11·1 answer
  • Is the attainment of organizational goals in an effective and efficient manner through planning, organizing, leading, and contro
    8·1 answer
  • If the government owes $10.0 trillion and then borrows $700 billion more this year, this leads toa. a debt of $700 billion and a
    13·1 answer
  • Which of the following is an example of greenwashing?
    11·1 answer
  • Emma has decided that she needs to assess the risk and return of buying a new laptop for school. Which of these practical questi
    6·2 answers
  • Perit Industries has $110,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternat
    15·1 answer
  • Write a brief note on Axioms of interpersonal communication with example of real life business communication.
    9·1 answer
  • If you started your own company selling iphone applications, what organizational structure would you create? why?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!