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Studentka2010 [4]
3 years ago
11

Stones Corporation uses a predetermined overhead rate based on machine-hours to apply overhead to the manufacturing process. Las

t year, Stones incurred manufacturing overhead costs totaling $450,000 and used 100,000 machine-hours. This year, Stones estimated manufacturing overhead to be $550,000 and expected to incur 110,000 machine-hours. Stones actually incurred $575,000 of manufacturing overhead and incurred 120,000 machine-hours this year. What is the manufacturing overhead application rate?
A. $5.00 per machine-hour
B. $4.79 per machine-hour
C. $4.50 per machine-hour
D. $5.50 per machine-hour
Business
1 answer:
Vinvika [58]3 years ago
3 0

Answer:

A. $5.00 per machine-hour

Explanation:

The computation of the manufacturing overhead application rate is shown below:

= Estimated manufacturing overhead ÷ expected machine-hours incurred

= $550,000 ÷ 110,000 machine hours

= $5.00 per machine hour

In order to determine the  manufacturing overhead application rate, basically we divided the estimated manufacturing overhead by the expected machine hours

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5 0
2 years ago
When is output level and supply inelastic? short run or long run
tia_tia [17]

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4 0
3 years ago
Which of the following is a type of sales promotion?
galben [10]
All of these is your answer
4 0
2 years ago
EB13.
damaskus [11]

Answer:

Product                  Selling price   Unit variable cost

                                       $                        $

Trunk switch                  60                     28

Gas door switch            75                      33

Glove box light              <u>40</u>                     <u> 22</u>

                                      <u> 175 </u>                   <u> 83</u>

Composite contribution margin

= Composite selling price - Composite unit variable cost

= $175 - $83

= $92

Composite contribution margin ratio

= <u>Composite contribution margin</u>

  Composite selling price

= <u>$92</u>

  $175

= 0.525714285

Composite break-even point in dollars

= <u>Fixed cost</u>

  Composite contribution margin ratio

=<u> $18,840</u>

  0.525714285

=  $35,837

Explanation:

In this case, there is need to add all the selling prices to obtain composite selling price. We also need to add all the unit variable costs to derive composite unit variable cost.

Composite contribution equals composite selling price minus composite unit variable cost.

Composite contribution margin ratio is the ratio of composite contribution to composite selling price.

Composite break-even point in dollars equal fixed cost divided by composite contribution margin ratio.

3 0
3 years ago
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