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
gayaneshka [121]
3 years ago
9

Records at Hal’s Accounting Services show the following costs for year 1. Direct materials and supplies $ 40,000 Employee costs

2,900,000 Total overhead 1,300,000 Production was 25,000 billable hours. Fixed overhead was $700,000. Assuming no change in billable hours in year 2, direct materials and supplies costs are expected to increase by 10 percent. Direct labor costs are expected to increase by 5 percent. Variable overhead per billable hour is expected to remain the same, but fixed overhead is expected to increase by 5 percent. Required: a. Year 2 production is expected to be 20,000 billable hours. What are the estimated direct materials, direct labor, variable overhead, and fixed overhead costs for year 2? b. Determine the total costs per billable hour for year 1 and year 2.
Business
1 answer:
ruslelena [56]3 years ago
6 0

Answer:

See answers below

Explanation:

a. Direct materials & supplies  $40,000 = $40,000 × 110%

= $44,000 × 20,000/25,000

= $35,200

Employee costs = $2,900,000 × 105%

= $3,045,000 × 20,000/25,000

= $2,346,000

Variable overhead = $600,000 × 100%

= $600,000 × 20,000/25000

= $480,000

Fixed overhead = $700,000 × 105%

= $735,000

b. Total costs per unit year 2 =

$3,596,000 / 20,000

= $179.81

You might be interested in
Marshall Inc. recently hired your consulting firm to improve the company's performance. It has been highly profitable but has be
dezoksy [38]

Answer:

148.02 days

Explanation:

The computation of the cash conversion cycle is shown below:

As we know that

Cash conversion cycle is = Days inventory outstanding + days sale outstanding - days payable outstanding

where,

Number of days inventory outstanding is

= Average inventory ÷ cost of goods sold per day

= $75000 ÷ ($360,000 ÷ 365 days)

= 76.04 days

Number of days sales outstanding is

= Average account receivable ÷ Average sales per day

= $160,000 ÷ ($600,000 ÷ 365)

= 97.33 days

And, the number of days payable outstanding is

= Average accounts payable ÷ cost pf goods sold per day

= $25,000 ÷ ($360,000 ÷ 365)

= 25.35 days

So, the cash conversion cycle is

= 76.04 days + 97.33 days - 25.35 days

= 148.02 days

3 0
3 years ago
A tire manufacturer has recently discovered that numerous lots of tires
Ugo [173]

Answer:

A. The Manufacturer

Explanation:

A PEXXX

5 0
2 years ago
Assume your employer offers a bonus of $7200. The only catch is that you must wait 6 years to take possession of the money. If y
a_sh-v [17]

Answer:

The minimum would be the present value of the bonus, which is 5,075.72 dollars

Explanation:

we have to discount the 7,200 dollar bonus at 6% discount rate for 6 years to get the present value of the bonus:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  7,200

time  6 years

rate  6% = 6/100 = 0.06

\frac{7200}{(1 + 0.06)^{6} } = PV  

PV   $ 5,075.7159

5 0
2 years ago
If a group of competitors got together and pulled all their ads from a certain advertising vendor in an attempt to force the ven
azamat

If a group of competitors got together and pulled all their ads from a certain advertising vendor in an attempt to force the vendor to lower his rates that would be considered an offense under boycotting.

  • Practices like setting pricing, manipulating contract bids, and dividing up customers among companies that ought to be competing for them are all considered violations of the Sherman Antitrust Act.
  • These infractions are crimes. As a result, they risk receiving severe penalties or lengthy prison terms.
  • Price fixing is an antitrust offense per se.
  • Usually, but not always, real estate brokers charge for their services as a percentage of the sales price, or "commission."
  • In addition, they often give a publicly disclosed portion of that commission to a broker who brings in a customer.

What is an antitrust violation central element?

The main components of an antitrust violation are a contract, a conspiracy between or among competitors to unreasonably impede commerce, or a combination of these, even though antitrust can and does take several forms in real estate.

Learn more about an antitrust violation central element brainly.com/question/576726

#SPJ4

8 0
1 year ago
What is it called when any amount of money is debited (subtracted) from the checking account?
blsea [12.9K]
That is called withdrawal, glad to help!
<span />
3 0
3 years ago
Other questions:
  • Which of the following factors increases pressures for cost reductions? a. Meaningful differentiation between products b. Reduce
    13·1 answer
  • How can you keep yourself updated on the health and safety skills required for your job? A. by reading daily news B. by awaiting
    10·2 answers
  • What is the highest degree a person must reach to be in management
    11·2 answers
  • ​A(n) ______ reveals how a​ firm's operations impact the natural environment. This document discloses to shareholders informatio
    11·1 answer
  • Assume that the interest rate on borrowings in Argentina is 3 percent, but the interest rate on deposits in British banks is 9 p
    5·1 answer
  • Concord Corporation uses the percentage-of-receivables basis to record bad debt expense and concludes that 4% of accounts receiv
    6·1 answer
  • 1 point
    11·1 answer
  • Who will win the fight tomorrow jake paul or ben askren <br> winner gets brainlest
    6·2 answers
  • job ________ involves division of an organization’s work among its employees and application of motivational theories to jobs to
    15·1 answer
  • As a recent college graduate, Eli started working for an export trading company. His job has already taken him around the globe
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!