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
AURORKA [14]
3 years ago
15

Textra Plastics produces parts for a variety of small machine manufacturers. Most products go through two operations, molding an

d trimming, before they are ready for packaging. Expected costs and activities for the molding department and for the trimming department for 2017 follow. Molding Trimming Direct labor hours 52,000 DLH 48,000 DLH Machine hours 30,500 MH 3,600 MH Overhead costs $ 730,000 $ 590,000 Data for two special order parts to be manufactured by the company in 2017 follow. Part A27C Part X82B Number of units 9,800 units 54,500 units Machine hours Molding 5,100 MH 1,020 MH Trimming 2,600 MH 650 MH Direct labor hours Molding 5,500 DLH 2,150 DLH Trimming 700 DLH 3,500 DLH Required: 1. Compute the plantwide overhead rate using direct labor hours as the base.
Business
1 answer:
MariettaO [177]3 years ago
6 0

Answer:

Estimated manufacturing overhead rate= $13.2 per direct labor hour

Explanation:

Giving the following information:

Estimated overhead= 730,000 + 590,000= $1,320,000

Total estimated direct labor hours= 52,000 + 48,000= 100,000

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 1,320,000/100,000= $13.2 per direct labor hour

You might be interested in
Conley Company has fixed costs of $8,151,000. The unit selling price, variable cost per unit, and contribution margin per unit f
cluponka [151]

Answer:

Explanation:

Zoro is 80% and 20%, respectively. Determine the break-even point in units of Yankee and Zoro.

5 0
3 years ago
Lancelot Corporation manufactures tennis gear and uses budgeted machine-hours to allocate variable manufacturing overhead. The f
Ivenika [448]

Answer:

$56,000 Favorable

Explanation:

The computation of the flexible-budget amount for variable manufacturing overhead is shown below

The Budgeted machine hours per unit os

= 24,000 ÷ 8,000

= 3

The Budgeted machine hours allowed for 8,500 units is

= 8,500 × 3

= 25,500

Now the Budgeted variable overhead rate per machine hour is

= $288,000 ÷ 24,000

= $12.00

Now

Flexible-budget amount is

= 25,500 × $12.00

= $306,000

So, the Flexible-budget variance is

= $250,000 - $306,000

= $56,000 Favorable

3 0
3 years ago
According to the Huff Gravity Model, the two factors which attract consumers to a store location are: travel time for customer t
azamat

Answer:

The correct answer would be option B, The attractiveness of the store's location and the time it takes to travel to the store.

Explanation:

According to the Huff Gravity Model, The two factors which attract customers to a store location are the attractiveness of that store's location and the time it takes to travel to the store.

This means that according to the Huff theory, people will likely to purchase from a store which is present at a more attractive location and also the time taken to reach at that specific store is less. For example, I myself prefer going to Lulu Hypermarket over Panda Hypermarket because of the difference in the location of both the stores and also Lulu Hypermarket is more near to me than Panda Hypermarket. The location of Lulu is more attractive.  

5 0
3 years ago
The most expensive benefit is usually
Veronika [31]

Answer:

c

Explanation:

the health care because it is very expensive benefit

6 0
3 years ago
Read 2 more answers
If sixty $1,000 convertible bonds with a carrying value of $70,000 are converted into 9,000 shares of $5 par value common stock,
Vinvika [58]

Answer:

Explanation:

The journal entry is shown below:

Bonds payable A/c Dr $60,000

Premium on bonds payable A/c Dr $10,000

           To Common stock A/c $45,000

           To Paid in capital in excess of par A/c $25,000

(Being the conversion of bonds is recorded)

The computation is shown below:

For bonds payable

= sixty $1,000 convertible bonds

That means

= 60 × $1,000

= $60,000

For Premium on bonds payable:

= $70,000 - $60,000

= $10,000

For Common stock:

= 9,000 shares × $5

= $45,000

And, the remaining balance is credited to paid in capital in excess of par

6 0
4 years ago
Other questions:
  • Integrated Masters Inc. (IMI) is presently operating at 80% of capacity and manufacturing 131,000 units of a patented electronic
    10·1 answer
  • Which of the following is an action employers must take when providing construction workers with fall protection
    6·1 answer
  • On January 1, 2021, a company signs a 25-year lease for land. Annual payments of $20,000 begin on December 31, 2021. The company
    6·1 answer
  • Insurance underwriters sell insurance.<br><br> True or False?
    11·1 answer
  • Explain how public disclosure is used as a tool to prevent market failures.
    7·1 answer
  • Glassmaker has pre-merger $5 in debt and $10 in equity. Rate on debt is 11%. The risk free rate is 6%. The tax rate is 40% . The
    10·1 answer
  • Risk identification is determining which risks may adversely affect the development of the project work breakdown structure and
    12·1 answer
  • Which type of borrowing option would most likely result in the borrower
    12·2 answers
  • Which scenario is not a violation of your rights as a debtor?
    7·1 answer
  • When a government establishes a marketable permit program to address environmental pollution, it is actually issuing a form of c
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!