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
RSB [31]
3 years ago
15

Brooks Foundry in Rochester comma New York​, uses a predetermined manufacturing overhead rate to allocate overhead to individual

jobs based on the machine hours required. At the beginning of the​ year, the company expected to incur the​ following:Manufacturing overhead costs . . . . . . . . $ 840,000
Direct labor costs . . . . . . . . . . . . . . . . . . 1,550,000
Machine hours . . . . . . . . . . . . . . . . . . 70,000 hours
At the end of 2012, the company had actually incurred:
Direct labor cost . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,160,000
Depreciation on manufacturing property,
plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000
Property taxes on plant . . . . . . . . . . . . . . . . . . . . . . . . . 40,000
Sales salaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,500
Delivery drivers’ wages . . . . . . . . . . . . . . . . . . . . . . . . 23,500
Plant janitor’s wages . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,000
Machine hours . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67,000 hour
Requirements 1. Compute Brooks' predetermined manufacturing overhead rate. 2. How much manufacturing overhead was allocated to jobs during the​ year? 3. How much manufacturing overhead was incurred during the​ year? Is manufacturing overhead underallocated or overallocated at the end of the​ year? By how​ much? 4. Were the jobs overcosted or​ undercosted? By how​ much?
Business
1 answer:
kirill115 [55]3 years ago
4 0

Answer:

a) $12

b) 804,000 allocate overhead

c) actual overhead 657,000

  the overhead was overapplied for 147,000 dollars

d) the job were overcosted as the manufacturing cost face by the firm weren't as high as expected.

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

the expected overhead wil be distribute over the cost driver which, in this case, is machine hours:

840,000 / 70,000 = $12

each machine hours will generate 12 dollar of overhead

b) applied overhead:

67,000 hours x $12 overheead per hour = 804,000

c) actial overhead

Depreciation on manufacturing property,

plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000

Property taxes on plant . . . . . . . . . . . . . . . . . . . . . . . . .  40,000

Plant janitor’s wages . . . . . . . . . . . . . . . . . . . . . . . . . . .    17,000

Total ovehead  657,000

We compare with the allcoated

657,000 - 804,00 = -147,000

there is

You might be interested in
Suppose you have a two-stock portfolio consisting of Apple and Tesla stock. The portfolio weight of Apple is 25% and the rest is
iren [92.7K]

Answer:

Standard deviation = 47.69% (Approx)

Explanation:

Given:

Portfolio of Apple stock w1 = 25% = 0.25

Portfolio of Tesla stock w2 = 75% = 0.75

Standard deviation return Apple σ1 = 35% = 0.35

Standard deviation return Tesla σ2 = 60% = 0.60

Correlation coefficient ρ12 = 0.22

Find:

Standard deviation

Computation:

Standard deviation = √w1²σ1² + w2²σ2² + 2w1σ1w2σ2ρ12

Standard deviation = 0.4769

Standard deviation = 47.69% (Approx)

4 0
3 years ago
A 4-year project has an annual operating cash flow of $53,500. At the beginning of the project, $4,450 in net working capital wa
Angelina_Jolie [31]

Answer:

E. $63,401

Explanation:

gain on disposal = salvage value of plant - book value on date of sale

                            = $5,790 - $4,820

                            = $970

tax on disposal = $970*35%

                          = $339.50

after tax salvage value = $5,790 - $339.50

                                       = $5,450.50

total cash flow in 4 years

= annual operating cash flow + net working capital + after tax salvage value

= $53,500 + $4,450 + $5,450.50

= $63,401

Therefore, The Year 4 cash flow is $63,401.

3 0
3 years ago
   Jeb looked through a magazine and found an article called “A Look Back at the Civil War.” What would be the quickest way for
prohojiy [21]
The correct answer for this is C. Jeb should scan the article to check if the one he's looking for is in there. This way, you can efficiently use your time and lessen your hassle on reading everything what the article has to say. 
8 0
3 years ago
The rhythmic value of beamed notes is determined by
nikitadnepr [17]

A beam is a flat or diagonal line used to attach multiple consecutive notes (and irregularly rests) to designate rhythmic grouping. The rhythmic value can be determined through the number of notes. One beam is 8th note, 2 is 16th, 3 is 32nd, etc. in other words, the first beam touching the stem.

7 0
3 years ago
In exchange for $1,500 legal services to help set up the new company, Hickory Grove Corporation issued 100 shares of $10 par val
SSSSS [86.1K]
A credit to common stock for 1000

8 0
3 years ago
Other questions:
  • Producer surplus is the area A. under the demand curve and above the price. B. between the supply and demand curves. C. below th
    15·1 answer
  • Identify the helping​ verb: How many tacos will you​ eat?
    7·2 answers
  • Each of the following transactions appear on the statement of cash​ flows, EXCEPT: A. depreciating longinus lived assets. B. acq
    5·1 answer
  • Someone help me please?
    11·1 answer
  • Over time, external monitoring processes should capture information about the external environment in a format that can be refer
    5·1 answer
  • Define the role of the mathematical concepts of maximization and equilibrium in microeconomic theory.
    13·1 answer
  • Richard’s annual college expenses are expected to total $17,745. He will receive $5,320 in grants. How much will Richard need to
    10·2 answers
  • HELP ME PLEASE
    5·1 answer
  • Ugar is a manager who likes change. When people become complacent, he tries to shake things up to reenergize them. How does Ugar
    7·1 answer
  • The pattern of planned human resource deployments and activities that are intended to enable an organization to achieve its goal
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!