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
Zarrin [17]
3 years ago
7

Norman Company manufactures customized desks. The following pertains to Job No. 953: Direct materials used $18,800 Direct labor

hours worked 600 Direct labor rate per hour $16.00 Machine hours used 400 Applied factory overhead rate per machine hour $30.00 What is the total manufacturing cost for Job No. 953?
Business
1 answer:
Simora [160]3 years ago
6 0

Answer:

$40,400

Explanation:

The total manufacturing cost is shown below:

= Direct material used + Direct labor hours worked × Direct labor rate per hour + Machine hours used × Applied factory overhead rate per machine hour

= $18,800 + 600 hours × $16 + 400 hours × $30

= $18,800 + $9,600 + $12,000

= $40,400

The Direct labor hours worked × Direct labor rate per hour is also known as direct labor cost and the  Machine hours used × Applied factory overhead rate per machine hour is also known as factory overhead cost

You might be interested in
A job was budgeted to require 3 hours of labor per unit at $8.00 per hour. the job consisted of 8,000 units and was completed in
kiruha [24]
The total labor cost of variance is the difference of the two presented costs. The actual cost of production is presented below,
                       actual cost of production = $198,000
The other cost can be calculated through the equation,
                     cost of production = (3 hours/labor u)(($8/unit)(8,000) = $192,000
Thus, the total labor cost variance is approximately $6,000. 
5 0
3 years ago
Read 2 more answers
Which sentence is an example of a constructive I statement?
gulaghasi [49]
<span>“I think you handled the problem in a very clever way.” is the correct sentence
</span>
4 0
3 years ago
Read 2 more answers
Which of the following types of child care is most closely regulated by state and county government? A. Child care center B. Fam
Montano1993 [528]
I think this will be A ;)
6 0
3 years ago
Read 2 more answers
This case explores some issues related to entering a new foreign market and describes the strategies that one UK firm is using t
gizmo_the_mogwai [7]

Answer:  Megabus being a late mover in the US, has allowed the company to learn from past mistakes by companies such as Greyhound, who filed for bankruptcy in the mid 90's and who lost most of it's business due to poorly maintained terminals, high prices for fares and unsafe conditions. Mega bus's advantages include fares as lows as 1 dollar, free wi-fi, stylish buses and power outlets. They Can offer these low fares since the company eliminated purchase Windows for tickets, selling tickets online only and by eliminating expensive terminal operations by dropping off and picking up riders at sidewalk stops like public bus operators. There are few disadvantages besides the fact that rising gas prices affect travel and low fare prices affect revenue if quantity is not met   .

Advantages - 1. Affordable  2. Pretty scenery 3.You get what you paid for

Disadvantages-1. Uncomfortable 2. It’s Either Freezing or Sweltering  3. Odd People

2. Yes it has own Overwhelming resources and capabilities  3. Train

Explanation:

4 0
3 years ago
Kapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $18,000 (original cost of $40,000 l
Sati [7]

Answer:

Loss on exchange is -$7,800

initial value of tractor is $42,200

Gain on exchange is $8000

Initial value of tractor is $58,000

Explanation:

The amount of gain or loss recognizable on the exchange is the difference between the fair value of the old asset and  its book value

Loss on the asset=$10,200-$18,000=-$7,800

Initial value of the new tractor=fair value of the old tractor+cash payment

Initial value of the new tractor=$32,000+$10,200=$42,200

If fair value were $26,000

gain on the exchage=$26,000-$18,000=$8,000

Initial value of the new tractor=$32,000+$26,000=$58,000

3 0
3 years ago
Other questions:
  • A local restaurant has prepared a new recipe for it's lunch menu which form of nonprice competition is this?
    12·2 answers
  • The following cost data relate to the manufacturing activities of Chang Company during the just completed year:
    9·1 answer
  • In a product modification _______. an existing product s taste, texture, sound, smell, or appearance is usually altered the new
    5·1 answer
  • Trak Corporation incurred the following costs while manufacturing its bicycles.
    14·1 answer
  • You have a job at a real-estate agency in the small country of Dystopia, where you are paid 72,000 marks (the currency of Dystop
    7·2 answers
  • While Amazon has become a very powerful e-commerce firm here in the US, Alibaba, the Chinese company is very powerful in many pa
    9·1 answer
  • Which statement best explains the law of demand?
    10·2 answers
  • Where is Shengyren based
    15·1 answer
  • Two reasons why collateral is important to a borrower
    5·1 answer
  • An effect of changing legislation on human resources professionals is that: Multiple select question. they must update company H
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!