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Galina-37 [17]
3 years ago
6

Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its

most recent year of operations. Estimated manufacturing overhead $ 157,400 Estimated machine-hours 4,570 Actual manufacturing overhead $ 156,700 Actual machine-hours 4,720 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. The applied manufacturing overhead for the year is closest to: (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
Irina18 [472]3 years ago
3 0

Answer:

$34.44 and $162,556.80

Explanation:

The computation of the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine hours)

= ($157,400) ÷ (4,570 machine hours)

= $34.44

Now the applied manufacturing overhead is

= Actual machine hours × predetermined overhead rate

= 4,720 machine hours × $34.44

= $162,556.80

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The following information is available for Marin Inc. for three recent fiscal years. 2022 2021 2020 Inventory $565,000 $572,000
Nataly_w [17]

Answer:

Inventory turnover for 2022 =  1.25

Inventory turnover for 2021 =  1.3

Days Sales in Inventory for 2022= 145.10

Days Sales in Inventory for 2021= 180.044

Gross Profit Rate for 2022= 473750/1,895,000*100= 25%

Gross Profit Rate for 2021= 0.35 * 100= 35%

Explanation:

                      2022        2021     2020  

Inventory $565,000 $572,000 $320,000  

Net sales 1,895,000 1,784,000 1,360,000  

Cost of goods sold 1,421,250 1,159,600 930,000

Inventory turnover= Cost Of Goods Sold/ Average Inventory

Inventory turnover for 2022 =  1,421,250/ $565,000 + $572,000

Inventory turnover for 2022 =  1,421,250/ 1137,000

Inventory turnover for 2022 =  1.25

Inventory turnover for 2021 =  1,159,600/$572,000 + $320,000  

Inventory turnover for 2021 =  1,159,600/892,000

Inventory turnover for 2021 =  1.3

Days Sales in Inventory for 2022 = Ending Inventory/ Cost Of Goods Sold * 365

Days Sales in Inventory for 2022 =($565,000/1,421,250)*365

Days Sales in Inventory for 2022 =(0.3975)*365

Days Sales in Inventory for 2022= 145.10

Days Sales in Inventory for 2021 = Ending Inventory/ Cost Of Goods Sold * 365

Days Sales in Inventory for 2021 =$572,000 / 1,159,600 * 365

Days Sales in Inventory for 2021= 0.4933*365

Days Sales in Inventory for 2021= 180.044

Gross Profit Rate= Gross Profit/ Sales * 100

Gross Profit Rate= Sales - Cost Of Goods Sold / Sales * 100

Gross Profit Rate for 2022= 1,895,000-1,421,250/1,895,000* 100

Gross Profit Rate for 2022= 473750/1,895,000*100= 25%

Gross Profit Rate for 2021= 1,784,000 -1,159,600/ 1,784,000 * 100

Gross Profit Rate for 2021= 624,400/1,784,000 * 100

Gross Profit Rate for 2021= 0.35 * 100= 35%

6 0
3 years ago
As of December 31, Year 2, Moss Company had total cash of $195,000, notes payable of $90,500, and common stock of $84,500. Durin
Setler79 [48]

Answer:

$20,000

Explanation:

Calculation for the amount of retained earnings as of December 31, Year 2.

Using this formula

Retained earnings=Total cash -Notes payable-common stock

Where,

Total cash= $195,000

Notes payable= $90,500

Common stock= $84,500

Let plug in the formula

Retained earnings = $195,000 − $90,500 − $84,500

Retained earnings= $20,000

Therefore the amount of retained earnings as of December 31, Year 2 will be $20,000

7 0
3 years ago
Procter​ & Gamble introduced its Duncan Hines​ ready-to-spread frosting in a small geographic area. When General Foods becam
Alona [7]

Answer: Commercialization

Explanation: The act in this case study illustrates commercialization which can be defined as the process of making new product available into the market with the motive of having strong financial gains. In this case study general foods was more aware than proctor and gamble thus they initiated the commercialization stage before them and developed the product for market before P and G.

8 0
3 years ago
Why do you think that forensic scientists continue to look for class characteristics given their limitations? crime and investig
Black_prince [1.1K]
I believe, continue to look for the class characteristics because it helps their case in the court room and shows how everything links<span> to the other evidence pieces.

(I am obsessed with investigations and crimes and especially forensics in every way possible tell me if you have any more questions in this subject)</span>
8 0
3 years ago
Read 2 more answers
Assume that it is January 1, 2019, and that the Mendoza Company is considering the replacement of a machine that has been used f
Mashcka [7]

Answer:

C

Explanation:

c is the answer just trust

4 0
2 years ago
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