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anzhelika [568]
3 years ago
10

Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-

karts: Deluxe and Basic. Activity Expected Costs Expected Activity Handling materials $ 625,000 100,000 parts Inspecting product 900,000 1,500 batches Processing purchase orders 105,000 700 orders Paying suppliers 175,000 500 invoices Insuring the factory 300,000 40,000 square feet Designing packaging 75,000 2 models Required: 1. Compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. In January 2017, the Deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. Assign overhead costs to each model using the single plantwide overhead rate.
Compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours.

In January 2017, the Deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. Assign overhead costs to each model using the single plantwide overhead rate. (Round "OH cost" answers to 2 decimal places.)
Business
1 answer:
Shtirlitz [24]3 years ago
5 0

Answer:

A. 17.44 per hour

B. Deluxe $43,600.00

Basic $104,640.00

Explanation:

Xie Company

Activity, Expected cost

Handling materials $ 625,000

Inspecting product $900,000

Processing purchase orders $105,000

Paying supplier $175,000

Insuring the factory $300,000

Designing packaging $75,000

TOTAL $2,180,000

1) overhead rate per direct labour hour = total overhead cost / total direct labour hours

= 2,180,000 / 125,000

= 17.44 per hour

2.

Model, Direct labour hr, Overhead rate

Deluxe $2,500 ×17.44= $43,600.00 Cost allocated.

Basic $6,000×17.44=$104,640.00Cost allocated.

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Answer:

Explanation:

In order to find the highest amount david can pay or in other words the present value of the investment we would have to discount the cash flows

3000/1.08+3000/1.08^2+3000/1.08^3+3000/1.08^4+3000/1.08^5=11,978

8 0
3 years ago
Santos International is a beauty salon in Texas. The salon is conveniently located in mid-town, and there is plenty of parking.
Marta_Voda [28]

Answer: d. By choosing the right distribution channel.

Explanation:

In order for Santos to benefit effectively from the services they offer, they need to select the right distribution channel that will ensure that their products and services get to their customers in such a way that the customers are able to utilize these services.

They need to research the various distribution channels available to them and then based on the unique circumstances of their customers, decide which one would be best to ensure maximum reach to their customer base.

5 0
2 years ago
What were the impacts of the fur trade on society in terms of economics, culture, technology, nature, and the government? Did Ro
Oksi-84 [34.3K]

Answer:

The impacts of the fur trade on society in terms of economics, culture, technology, nature, and the government changed over the time.

Rockefeller never act unethically by the standards of his day or today´s.

There is nocontradiction between his personal and business ethics.

Explanation:

The fur trade was a vast commercial enterprise, which was at its peak for nearly 250 years, from the early 17th to the mid-19th centuries, sustained to satisfy the demand in an intensely competitive trade which opened exploration and settlement, financing missionary work, established social, economic and colonial relationships between Europeans and Indigenous people.

Changing cultural in the fashion industry, has had a drastic evolution over the years, when a woman in the first half of the twentieth century , might be very proud to wear a fox stole with its head and feet intact but today, it would consider  that an ethical faux pas.

Ethics has become a major consideration for young people in their selection of work and career, who demand enshrined values in their business  model, a difference, contributing with their core values, conscience, and personality not just profit.By the standards of his day Rockefeller, a faithful, balanced and devout Christian, was not being unethical as he always followed his-time regulations and laws, although nowadays they are more severe.  He compensated all the things he did, if wrong, with his contributions to help people cope with any damage done. There is no contradiction behe did as he had been taught when he was younger that he should separate business from pleasure.

6 0
3 years ago
A wire having a mass per unit length of 0.440 g/cm carries a 1.50-A current horizontally to the south. (a) What is the direction
coldgirl [10]

Answer:

B = 0.287  Tesla

According to thumb rule the direction of magnet is to the east.

Explanation:

F = BiL sin∅

note that F = mg

B = magnetic field

i = current

therefore,

mg = BiLsin∅

Make B subject of the formula

B = mg/iLsin∅

m/L = mass per length of the wire and it is given in gram per centimeter . It should be converted to kg per meter.

m/L = 0.440 g/cm

convert to kg/m = 0.440 × 0.001 kg × 100 m = 0.044  kg/m

B = 9.8 × 0.044 / sin 90 × 1.50 × 1

B = 0.4312/ 1.50

B = 0.28746666666

B = 0.287  Tesla

According to thumb rule the direction of magnet is to the east.

4 0
3 years ago
On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances:Accounts Debit Credit Cash
wolverine [178]

Answer:

Big Blast Fireworks

a) General Journal to record transactions:

Jan. 3

Debit Inventory $196,000

Credit Accounts Payable $196,000

To record the purchase of 1,750 units at $112 each

Jan. 8

Debit Inventory $216,450

Credit Accounts Payable $216,450

To record the purchase of 1,850 units at $117 each

Jan. 12

Debit Inventory $237,900

Credit Accounts Payable $237,900

To record the purchase of 1,950 units at $122 each

Jan. 15

Debit Accounts Payable $23,790

Credit Inventory $23,790

To record the return of 195 units at $122 each.

Jan. 19

Debit Accounts Receivable $855,000

Credit Sales Revenue $855,000

To record the sale of 5,700 units on account.

Debit Cost of Goods Sold $657,870

Credit Inventory $657,870

To record the cost of sales of 5700 units.

Jan. 22

Debit Cash Account $837,000

Credit Accounts Receivable $837,000

To record cash receipt from customers.

Jan. 24

Debit Accounts Payable $620,000

Credit Cash Account $620,000

Jan. 27

Debit Allowance for Uncollectible Accounts $2,800

Credit Accounts Receivable $2,800

To record the write-off of uncollectible.

Jan. 31

Debit Salaries & Wages Expense $138,000

Credit Cash Account $138,000

To record the payment of cash for salaries

2. Adjusting Entries on January 31, 2021:

Debit Loss on Inventory $3,190

Credit Inventory $3,190

To record the loss in value.

Debit Allowance for Uncollectible Accounts $2,065

Credit Accounts Receivable $2,065

To record the write-off of uncollectible.

Debit Uncollectible Expense $3,722

Credit Allowance for Uncollectible Accounts $3,722

To bring the allowance for uncollectible accounts to $2,957.

Debit Interest on Notes Payable $245

Credit Interest Payable $245

To record accrued interest for the month

3. Adjusted Trial Balance at January 31, 2021:

                                                  Debit           Credit

Cash                                       $104,700

Accounts Receivable                59,135

Allowance for Uncollectible Accounts          2,957

Beginning Inventory                                    49,000

Ending Inventory                       14,500

Land                                           90,100

Salaries                                    138,000

Loss on Inventory                       3,190

Uncollectible Expense               3,722

Interest on Notes Payable           245

Cost of Goods Sold               657,870

Sales Revenue                                          855,000

Accounts Payable                                       32,260

Notes Payable (6%, due in 3 years)          49,000

Interest on Notes Payable                              245

Common Stock                                          75,000

Retained Earnings                                     57,000

Totals                                 $1,071,462 $1,071,462

Balance Sheet at January 31, 2021:

Assets:

Cash                            $104,700

Accounts Receivable      59,135

Less uncollectible allw.  -2,957

Inventory                         14,500

Land                                90,100

Total  $265,478

Liabilities:

Accounts Payable                             32,260

Notes Payable (6%, due in 3 years) 49,000

Interest on Notes Payable                      245       $81,505

Common Stock                                   75,000

Retained Earnings                             108,973     $183,973

Total $265,478

Explanation:

a)  Unadjusted Trial Balance at January 1, 2021:

                                                  Debit           Credit

Cash                                       $ 25,700

Accounts Receivable                46,000

Allowance for Uncollectible Accounts          4,100

Inventory                                   49,000

Land                                           90,100

Accounts Payable                                       25,700

Notes Payable (6%, due in 3 years)          49,000

Common Stock                                          75,000

Retained Earnings                                     57,000

Totals                                 $ 210,800 $ 210,800

b) Accounts Receivable

Beginning balance     $46,000

Credit Sales             $855,000

less write-off                  -2800

less write-off                 -2,065

less cash receipts  -$837,000

Ending balance          $59,135

c) Estimated uncollectible allowance = $2,957 (5% of accounts receivable balance, i.e $59,135)

d) Uncollectible Expense:

Ending balance       $2957

Plus write-off            2,800

plus write-off            2,065

Beginning balance  -4,100

Uncollectible expense   3,722

e) Cash Account balance:

Beginning balance        $25,700

Cash from customers $837,000

Payment to suppliers-$620,000

Salaries                       -$138,000

Ending balance           $104,700

f) Accounts Payable

Beginning balance    $25,700

Inventory:

     1,750 units for     $196,000

     1,850 units for     $216,450

     1,950 units for    $237,900

      195 units return -$23,790

less payment         -$620,000

Ending Balance        $32,260

g) Income Statement:

Sales                     $855,000

less cost of sales   -657,870

Gross Income         $197,130

Salaries                  -138,000

Loss on Inventory     -3,190

Uncollectible Exp     -3,722

Interest on Note         -245

Net Income           $51,973

Retained Earning  57,000

Ending R/Earnings$108,973

Cost of Goods Sold, using FIFO:

490 units at $100 each       $49,000

1,750 units at $112 each    $196,000

1,850 units at $117 each    $216,450

1,610 units at $122 each   $196,420

7,500 units sold                $657,870

5 0
3 years ago
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