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3 years ago

29) Johansen Corporation uses a predetermined overhead rate based on direct labor-hours to

Business

1 answer:

irakobra [83]3 years ago

5 0

Answer:

The correct Answer is predetermined overhead rate = $2.50 per direct labor hour.

Explanation:

Overhead is those costs required to run a business, but which cannot be directly attributed to any specific, for example, rent, factory overheads, depreciation, indirect labor and production supervisor's salary.

Total manufacturing overheads = Rent of factory building + Depreciation on factory equipment + Indirect labor + Production supervisor's salary

Total manufacturing overheads = $15,000 + $8,000 + $12,000 + $15,000

Total manufacturing overheads = $50,000

Total Direct labor hours in the year = 20,000

Predetermined Overhead Rate per labor hour = $50,000/20,000

Predetermined Overhead Rate per labor hour = $2.50 per direct labor hour

Sales salary is a selling expense and not a product cost hence it will not be included for calculating predetermined overhead rate.

Direct material and labor are direct expenses, they are product cost but not a part of Overhead cost.

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3 years ago

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For the coming year, River Company estimates fixed costs at $109,000, the unit variable cost at $21, and the unit selling price

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Answer:

Instructions are below.

Explanation:

Giving the following information:

Fixed costs= $109,000

Unit variable cost= $21

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Break-even point in units= fixed costs/ contribution margin per unit

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Now, we need to include the desired profit:

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3 years ago

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3 years ago

Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions.Category

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Answer:

a. $343.7 billion

b. $331.9 billion

c. $334.1 billion

Explanation:

The computation is shown below:

a. For GDP

GDP = Personal consumption expenditures + Government purchases + Net private domestic investment + Consumption of fixed capital + net exports

where,

Net exports = U.S. exports of goods and services - U.S. imports of goods and services

= $17.8 - $16.5

= $1.3 billion

So, the GDP would be

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b. For NDP

NDP = GDP - Consumption of fixed capital or depreciation

= $343.7 - $11.8

= $331.9 billion

c. For NI

NI = GDP + Net foreign income

= $331.9 billion + 2.2 billion

= $334.1 billion

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