Which describes a type of tax that funds city programs?

Dejarnette Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hour

seropon [69]

Answer:

Predetermined manufacturing overhead rate= $8.3 per machine hour

Explanation:

Giving the following information:

Total machine-hours 80,000

Total fixed manufacturing overhead cost $416,000

Variable manufacturing overhead per machine-hour $ 3.10

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (416,000/80,000) + 3.1

Predetermined manufacturing overhead rate= $8.3 per machine hour

8 0

4 years ago

The owner has been considering ways to increase the sales volume. The owner thinks that 10 comma 000 pizzas could be sold per mo

almond37 [142]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The owner thinks that 10,000 pizzas could be sold per month by cutting the selling price per pizza from $ 5.50 a pizza to $ 5.00.

Total revenues – Total costs = Monthly profit 5,000 pizzas 13750 – 8000 =

I will assume that at $5.50 the total sales in units are 5000. And that the variable cost per unit is $2.75 ($13750/5000) and fixed cost are $8000

Actual profit= (5000*5.5- 5000*2.75) - 8000= $5750

New price profit= (10000*5 - 10000*2.75) - 8000= $14500

7 0

3 years ago

Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upco

inessss [21]

Answer:

Over Applied Overhead = $ 4000

Actual Manufacturing Overhead = $45,000

Manufacturing Overhead Applied = $ 49,000

Explanation:

Job 101 Job 102 Job 103

Total Direct materials $ 19,200 $ 14,400 $ 9,600 $ 43,200

Direct labor $ 28,800 $ 11,200 $ 9,600 $ 49,600

Machine hours 1,000 hrs 4,000 hrs 2,000 hrs 7,000 hours

Manufacturing overhead $ 7000 $ 28,000 14,000

Total $ 55,000 53,600 33,200

Actual overhead costs recorded during the first month of operations totaled $45,000.

Journal Entries

Sr. No Particulars Debit Credit

Job 102 Finished Goods 53,600

Work In Process 53,600

A journal entry showing the transfer of Job 102 into Finished Goods Inventory upon its completion.

Job 101 Sales 60,000

Cost Of Goods Sold 60,000

Journal entries to recognize the sales revenue and cost of goods sold for Job 101.

Job 101 Cost of Goods Sold 55,000

Finished Goods Inventory 55,000

Manufacturing Overhead Applied = $ 7000 + $ 28,000+14,000 = $ 49,000

Job 101 = 1000/60,000 * $ 420,000= $ 7000

Job 102 = 4000/60,000 * $ 420,000= $ 28000

Job 103 = 2000/60,000 * $ 420,000= $ 14000

Actual Manufacturing Overhead = $45,000

Over Applied Overhead = $ 4000

Manufacturing Overhead Accounts $ 4000 debit

Cost of Goods Sold $ 4000 Credit

Entry to transfer the balance of the Manufacturing Overhead account to Cost of Goods Sold.

(Entry to reduce the amount of Over applied Overhead)

6 0

3 years ago

Cost of goods sold for a merchandising company, direct materials and commissions are all examples of

katovenus [111]

For a merchandising company, the cost of goods sold, direct materials, and commissions are variable costs.

<h3>What is a variable cost?</h3>

A variable cost is the cost element that remains constant per unit while the total changes. Other examples of variable costs include direct labor, variable selling and administrative expenses, including commissions and shipping costs.

Thus, for a merchandising company, the cost of goods sold, direct materials, and commissions are all examples of variable costs.

Learn more about variable costs here: brainly.com/question/5965421

8 0

2 years ago

****30 POINTS*******If you were about to launch a new business, would you write your business plan from scratch or use a softwar

Sav [38]

Answer:

Use a software program

Explanation:

When you use it a software program the presentation is much cleaner than hand written and is easier to edit. But a software program can be stolen, or deleted.

Paper layouts can be stolen but if lost it may be found.Paper layouts are easier to make though because you dont have to add special effects by scrolling and scrolling because you can do it quickly with you pencil.

4 0

3 years ago