Suppose that today, the current yield for a corporate bond is 4.3%. If the market price goes up by 11% tomorrow, compute the cur
1 answer:
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Answer:
option (b) $69,768
Explanation:
Data provided in question:
Estimated manufacturing overhead = $73,440
Estimated machine-hours = 1,800
Actual manufacturing overhead = $68,700
Actual machine-hours = 1,710
now,
The predetermined overhead rate =
or
The predetermined overhead rate =
or
The predetermined overhead rate = $40.8 per hour
Therefore,
The applied manufacturing overhead for the year
= Actual machine-hours × predetermined overhead rate
= 1,710 × $40.8
= $69,768
Hence,
the correct answer is option (b) $69,768
Answer:
The answer is $11 per unit.
The standard cost card for this product would show a cost per unit of $11.
Explanation:
The workings are attached.
The formula used is as follows:
<u>Standard cost per unit of a product = direct material per unit + direct labor per unit + variable overhead per unit + fixed overhead per unit.</u>
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