Which of the following should be pracited among all co workers in the workplace

Harbor Wheel Company manufactures two tractor wheels: the Ultimate which sells for $1,600 and the Standard, which sells for $1,3

algol [13]

Answer:

Harbor Wheel Company

Overhead applied to a single Ultimate wheel using traditional costing:

= $228

Overhead applied to a single Standard wheel using traditional costing:

= $190

Total manufacturing cost of the Standard wheel using traditional costing:

= $710,000 ($710 * 10,000)

Activity-based overhead rate for Quality Control:

= $25

Machining overhead applied to the Standard wheel using activity-based costing:

= $1,000,000

Total manufacturing overhead applied to each Ultimate wheel using activity-based costing:

= $161.40

Explanation:

a) Data and Calculations:

Total estimated overhead = $7,600,000

Estimated total direct labor hours = 200,000

Predetermined overhead rate = $38 per direct labor hour ($7,600,000/200,000)

Current Traditional Costing:

Ultimate Standard

Selling price per unit $1,600 $1,300

Direct materials per wheel $700 $420

Direct labor cost per wheel $120 $100

Overhead applied per wheel $228 $190

Total cost per wheel $1,048 $710

Direct labor hours per wheel 6 5

Total units produced 25,000 10,000

Overhead to a single wheel $228 (6* $38) $190 (5 * $38)

Activity-Based Costing:

Activity Cost Cost Estimated Expected Use of Cost Drivers

Pools Drivers Overhead Total Ultimate Standard

Purchasing purchase orders $1,200,000 40,000 17,000 23,000

Machine setups machine setups 900,000 18,000 5,000 13,000

Machining machine hours 4,800,000 120,000 75,000 45,000

Quality Control inspections 700,000 28,000 11,000 17,000

Total $7,600,000

Activity-based overhead rates

Purchasing = $30 ($1,200,000/40,000)

Machine setups = $50 ($900,000/18,000)

Machining = $40 ($4,800,000/120,000)

Quality control = $25 ($700,000/28,000)

Machining overhead applied to the Standard wheel using activity-based costing = $1,000,000 ($40 * 45,000)

Total manufacturing overhead applied to each Ultimate wheel using activity-based costing:

Purchasing = $510,000 ($30 * 17,000)

Machine setups = $250,000 ($50 * 5,000)

Machining = $3,000,000 ($40 * 75,000)

Quality control = $275,000 ($25 * 11,000)

Total overhead = $4,035,000

Total units = 25,000

Overhead cost per wheel = $161.40 ($4,035,000/25,000)

7 0

3 years ago

What is common stock ? in your own words.

vodomira [7]

Common stock our shares of ownership in a corporation that a Ford their holders voting rights.

6 0

2 years ago

Read 2 more answers

For tax reasons, your client wishes to purchase an annuity that pays $100,000 each year for 6 years, with the first payment in o

Ne4ueva [31]

Answer:

the amount that should be invested now is $476,654

Explanation:

The computation of the amount that should be invested now is shown below:

= Payment made each year × (1 - (1 + rate of interest)^-number of years) ÷ rate of interest

= $100,000 × [1 - (1 + 7%)^-6] ÷ 7%

= $476,654

hence, the amount that should be invested now is $476,654

5 0

2 years ago

Johan Co. has an intangible asset, which it estimates will have a useful life of 10 years, while Abco Co. has goodwill, which ha

Marrrta [24]

Answer:

Johan Co.

Explanation:

Since in the question it is given that the Johan Co. has an intangible asset and we already know that on an intangible asset, the amortization expense is charged whereas on the other side the Abco Co has goodwill on which the impairment is charged

So, in the given scenario, the amortization should be reported on Johan Co financial statements only

5 0

2 years ago

Product prices are set on the marketing budget detail spreadsheet

Alinara [238K]

1. The answer is "b. false".

A Marketing Budget is Marketing Plan as far as expenses. Advertising Budget is an expected measure of cost that will be required to advance items or administrations. Promoting Budget is for the most part some portion of a showcasing plan and vital piece of the advertising procedure. It incorporates every single limited time cost like promoting and advertising, utilizing staff, office costs and different costs included for showcasing. This financial plan is made to evaluate the costs that are important for growing a business.

2. The answer is "c. entering the target segment on the marketing budget detail".

A market segment is a gathering of individuals who share at least one regular qualities, lumped together to showcase purposes. Each market portion is one of a kind, and advertisers utilize different criteria to make an objective market for their item or administration. Advertising experts approach each portion in an unexpected way, after completely understanding the necessities, ways of life, demographics and identity of the objective customer.

3. The answer is "false".

Advertising is a marketing correspondence that utilizes a transparently supported, non-individual message to advance or offer an item, benefit or idea. Sponsors of advertising are ordinarily organizations wishing to advance their items or administrations. Promoting is separated from advertising in that a promoter pays for and has authority over the message. It varies from individual offering in that the message is non-individual, i.e., not coordinated to a specific person.

4. The answer is "c. both".

Pricing is the procedure whereby a business sets the cost at which it will offer its items and benefits, and might be a piece of the business' marketing plan. In setting prices, the business will consider the cost at which it could obtain the merchandise, the assembling cost, the commercial center, rivalry, economic situation, brand, and nature of item.

When setting your prices you should ensure that the cost and deals levels you set will enable your business to be beneficial. You should likewise observe where your item or administration stands when contrasted and your opposition.

5 0

3 years ago