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
Elan Coil [88]
3 years ago
10

Marquis Company estimates that annual manufacturing overhead costs will be $809,000. Estimated annual operating activity bases a

re direct labor cost $494,000, direct labor hours 52,400, and machine hours 108,200.
Compute the predetermined overhead rate for each activity base.

Overhead rate per direct labor cost (Round answers to 2 decimal places, e.g. 110.10%.)
Marquis Company estimates that annual manufacturin
Overhead rate per direct labor hour (Round answers to 2 decimal places, e.g. $10.50.)
$Marquis Company estimates that annual manufacturin
Overhead rate per machine hour (Round answers to 2 decimal places, e.g. $10.50.)
Business
1 answer:
navik [9.2K]3 years ago
8 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Marquis Company estimates that annual manufacturing overhead costs will be $809,000. Estimated annual operating activity bases are direct labor cost $494,000, direct labor hours 52,400, and machine hours 108,200.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

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

Direct labor:

Estimated manufacturing overhead rate= 809,000/494,000= $1.64 per direct labor dollar

Direct labor hours:

Estimated manufacturing overhead rate= 809,000/52,400= $15.44 per direct labor hour

Machine hours:

Estimated manufacturing overhead rate= 809,000/108,200= $7.48 per machine hour

You might be interested in
Peachtree Company borrows $30,000 from the local bank at 7% interest. The term of the note is five years, and the annual payment
grandymaker [24]

Answer:

B

Explanation:

Here, in this question, we are asked to determine the decrease in notes payable that peachtree should record in the first year.

To determine this, we proceed as follows;

Interest payment for the first year = 30000*7% i.e 2100

Principal amount paid = Total amount paid - Interest amount

= 7317 -2100 i.e 5217

Notes payable should be reduced by 5217

4 0
3 years ago
Read 2 more answers
What is the rate of return when 30 shares of Stock
sattari [20]

Answer:

-0.67%

Explanation:

We are told that 30 shares of Stock are purchased for $30/share..

This gives a total value of: 30 × 30 = $900.

Now,they are sold for $900 with a commission of $6. This means the final money getting to the seller is; 900 - 6 = $894.

Thus; rate of return percentage = (894 - 900)/894) × 100% = -0.67%

6 0
3 years ago
) going to the wholesale club, one can buy toothpaste at a lower cost per unit as long as one buys 6 tubes at once. this is an e
sergejj [24]
The answer is imperfect price discrimination and this increase total producer surplus. 

Imperfect price discrimination
it is about the monopoly of pricing to get the customers. The seller applies a strategy to get the market from buying the products. Then set customers by the group, those who buy for wholesale gets a lower price than in retail.
6 0
2 years ago
true or false An agent may continue to represent the principal even after the agency relationship is terminated.
Annette [7]

Answer:

False

Explanation:

Agency refers to a kind of agreement wherein the first party, known as the Principal confers a right on the second party, called an agent, to act on his behalf or as per his directions.

It establishes a fiduciary responsibility i.e that of a legal trust between the parties.

Once the agency agreement is terminated, the relationship between a principal and an agent ceases. Thereafter, the agent cannot continue representing the principal and if he does, he shall be held personally liable for such acts which result into any damage or loss to a third party.

7 0
3 years ago
​Bill's Barbershop has two barbers available to cut​ customer's hair. Both barbers provide roughly the same experience and​ skil
svlad2 [7]

Answer:

A. It will take average customer to complete this process in 42minutes

B. B1=6.7 ,B2=8.6, B3=5 B4 =4

Explanation:

The process flow and calculation is attached

8 0
3 years ago
Other questions:
  • Over time, members of the supply chain often formalize their relationship by entering into contracts that dictate various terms,
    5·2 answers
  • Suppose that a worker in Agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in Zen
    11·1 answer
  • Which of the following is typically considered a disadvantage of sole proprietorships? Multiple Choice Income taxes are paid by
    14·1 answer
  • Which of the following is a good example of a program?a. Planting a gardenb. Developing a new residential area that includes six
    8·1 answer
  • In Country A, the price of wheat has increased greatly over the past year. Because of this change, farmers in Country A are plan
    9·2 answers
  • The objective of present value when used to determine an accounting measurement for initial recognition purposes is to Capture t
    13·1 answer
  • Select the correct answer
    10·1 answer
  • Jenae's study ignored the fact that only some of her coffee choices had caffeine, even though her co-workers preferred caffeinat
    6·1 answer
  • Emerald Co. uses a perpetual inventory system and records purchases of merchandise at net cost. The company recently purchased 2
    11·1 answer
  • Based on your understanding of the impact of macroeconomic factors, identify which of the following statements are true or false
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!