Actor, Broadcast Technician, Librarian, and Reporter are all careers from the following career cluster:

epartments have estimated annual factory overhead costs of $256,000 and $480,000, respectively. The Fabrication Dept. expects 25

Phoenix [80]

Answer:

Factory overhead cost charged to each unit:

Fabrication Assembly

Factory overhead rates $10.24 $0.81

Machine hours per unit 5

Direct labor cost per unit $118.40

Factory overhead cost per unit $51.20 $95.90

Explanation:

a) Data and Calculations:

Fabrication Assembly

Annual overhead costs $256,000 $480,000

Expected machine hours 25,000 0

Expected direct labor costs 0 $592,000

Overhead rates $10.24 $0.81

($256,000/25,000) ($480,000/$592,000)

Assuming number of units produced = 5,000

Each unit will consume 5 (25,000/5,000) $118.40 ($592,000/5,000)

machine hours direct labor cost

Overhead cost per unit = $51.20 $95.90

($10.24 * 5) ($118.40 * $0.81)

5 0

2 years ago

The US economy is a command economy.<br> A. True<br> B. False

astra-53 [7]

Answer:

hmmmm i'd say true if not then false

5 0

3 years ago

Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Assets of $205.498 million Total Common Stock of $6.

sergey [27]

Answer:

The value of total liabilities is $155.031 million and option c is the correct answer.

Explanation:

The basic accounting equation states that the total value of assets is always equal to the sum of the total value of liabilities and the total value of equity.

Thus, we can say that,

Total Assets = Total Liabilities + Total Equity

The equity part can contain various components. In the given question it has two components namely Common Stock and retained earnings.

205.498 = Total Liabilities + (6.350 + 44.117)

205.498 = Total Liabilities + 50.467

205.498 - 50.467 = Total Liabilities

Total Liabilities = $155.031

8 0

3 years ago

On July 1, 2017, Lopez Company paid $2,600 for six months of insurance coverage. No adjustments have been made to the Prepaid In

MAVERICK [17]

Answer:

a.

Date Account Title Debit Credit

Dec. 31, 2017 Insurance expense $2,600

Prepaid insurance $2,600

b.

Date Account Title Debit Credit

Dec. 31, 2017 Supplies Expense $9,700

Supplies $9,700

<u>Working</u>

Supplies = Beginning balance + Purchases - Closing balance

= 7,800 + 3,400 - 1,500

= $9,700

5 0

3 years ago

Data were collected on the amount spent by 64 customers for lunch at a major Houston restaurant. These data are contained in the

Naddik [55]

Answer:

a) ME= 1.93

b) confidence interval= (19.59,23.45)

Explanation:

a) Sample of customers is 64, population standard deviation is 6 and confidence level is 99%

Sample mean= 21.52

Sample size= 64

Confidence level= 99%

Population standard deviation= 6

Standard error of the mean= 0.75

Z-value= -2.5758 (From Z table)

Interval half width= 1.9319

Margin of error at 99% confidence interval is 1.93 from the output.

b) Confidence interval

Interval upper limit= 19.59

Interval lower limit= 23.45

99% confidence interval is (19.59, 23.45) from the output.

ME= $\frac{23.45-19.59}{2}$ = 1.93

5 0

3 years ago