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eimsori [14]
4 years ago
15

"The predetermined manufacturing overhead rate for the year was 140% of direct labor cost; employees were paid $21.00 per hour.

If the estimated direct labor hours were 16,400, what was the estimated manufacturing overhead"?
Business
1 answer:
enot [183]4 years ago
3 0

Answer:

The estimated manufacturing overhead was $482,160

Explanation:

In order to calculate this, we have to find the total labor cost, and calculate 140% of that cost. This is shown below;

employees cost per hour = $21.00

Number of labor hours = 16,400

Therefore, total employee costs = cost per hour × total hours

= 21 × 16,400 = $344,400

Next, we are told that the manufacturing overhead is 140% of the direct labor cost;

140% = 140/100 = 1.4

Therefore, 140% of direct labor cost = 1.4 × 344,400 = $482,160

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Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
ValentinkaMS [17]

Answer:

$10,900

Explanation:

The computation of net operating income (loss) for the month under variable costing is shown below:-

Sales = Selling price × Units sold

= $116 × 8,600

= $997,600

Variable cost = (Direct material + Direct labor + Variable manufacturing overhead + Variable selling and administrative expenses) × Units sold

= ($19 + $61 + $7 + $11) × 8,600

= $98 × 8,600

= $842,800

Contribution Margin = Sales - Variable cost

= $997,600 - $842,800

= $154,800

Fixed cost = Fixed manufacturing overhead + Fixed selling and administrative expense

= $135,000 + $8,900

= $143,900

Net operating income = Contribution Margin - Fixed cost

= $154,800 - $143,900

= $10,900

Therefore for computing the net operating income we simply applied the above formula.

4 0
3 years ago
Celeste Atkinson is a lifestyle and entertainment manager for​ Audi, and her job is to create buzz by ensuring that vehicles suc
GREYUIT [131]

Answer:

Product placement.

Explanation:

Product placement is a type of marketing technique that is used by various organizations to promote their products without a clear reference to the product. This is done by paying some amount of money for these products to be shown in films and television programmes.

Product placement is carried out to generate a form of positive feelings towards the product being advertised. It enables the potential customers viewing the advert to develop a stronger bond with the brand company.

3 0
4 years ago
A large bank is promoting its credit card to existing bank customers who have had more than one account with the bank over the p
Feliz [49]

Answer:

Behavioral.

Explanation:

A market segment is a portion of a large market in which the individuals, groups or organizations share one or more characteristics that cause them to have relatively similar products needs.

A market segment consist of a group of customers that share a similar set of needs and wants.

Are four categories of segmentation:

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7 0
3 years ago
Read 2 more answers
Identify an advertisement or commercial that targets only one of the generational groups. Describe the promotion in detail and i
rjkz [21]

Answer: Commercial washing soaps

Explanation: The target of these commercials can be aimed at housewives, commercials tend to highlight the characteristics of how the clothes will look after the use of the product, such as effectiveness, freshness, softness and smell.

Housewives or people in charge of doing laundry at home, in turn, look for an effective product that can alleviate the time it takes to perform this household work.

7 0
3 years ago
Westside Manufacturing Co.'s budget at 6,000 units of production includes $36,000 for direct labor and $3,000 for electric power
hoa [83]

Answer:

variable costs of $45,500 and $33,000 of fixed costs

Explanation:

The computation of the variable cost and the fixed cost is shown below:

The fixed cost is $33,000

And, the variable cost is

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Therefore variable costs of $45,500 and $33,000 of fixed costs

Hence, the same is to be considered and relevant

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