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olasank [31]
3 years ago
9

Look Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using

a predetermined overhead rate based on direct labor-hours (DLHs).
The company has two products, N06D and M09K, about which it has provided the following data:

N06D M09K
Direct materials per unit $17.70 $62.50
Direct labor per unit $5.00 $16.00
Direct labor-hours per unit 0.50 1.60
Annual production (units) 40,000 15,000

The company's estimated total manufacturing overhead for the year is $2,532,200 and the company's estimated total direct labor-hours for the year is 44,000.
The company is considering using a variation of activity-based costing to determine its unit product costs for external reports. Data for this proposed activity-based costing system appear below:

Activities and Activity Measures Estimated
Overhead Cost
Supporting direct labor (DLHs) $880,000
Setting up machines (setups) 376,200
Parts administration (part types) 1,276,000
Total $2,532,200

Expected Activity
N06D M09K Total
DLHs 20,000 24,000 44,000
Setups 1,408 1,100 2,508
Part types 1,540 1,012 2,552

The manufacturing overhead that would be applied to a unit of product M09K under the activity-based costing system is closest to:

a) $76.73 b) $92.08 c) $11.00 d) $168.81
Business
1 answer:
LiRa [457]3 years ago
6 0

Answer:

I'm figuring this out for you!

Explanation:

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IRINA_888 [86]

Answer:

Incorrect Statement about the Statement of Cash Flows:

c. The cash dividends of $201,000 paid will be reported as a cash outflow in the cash flow from investing activities section.

Explanation:

Cash dividends of $201,000 will be reported as a cash outflow in the financing activities section and not the investing activities section.

Statement of Cash Flows is broadly divided into three, the operating, investing, and financing activities sections.  The operating activities section show the cash flows from the normal business of the enterprise.  The investing activities section shows the acquisition and disposal of investments made by the company in cash.  While, the financing section shows the inflow and outflow of cash resulting from the funding of the business by stockholders and noncurrent creditors.

4 0
3 years ago
Manny’s Cookies, Ltd. is an online cookie subscription business started by a 7-year old (Manny) and his father. Manny’s Cookies
lisov135 [29]

Answer:

Social Entrepreneurship

Explanation:

According to my research on different types of businesses, I can say that based on the information provided within the question Manny's Cookies is an example of Social Entrepreneurship. This term refers to a start up company that in which they develop, fund and implement different products or services for society, as well as providing solutions for society, or the environment. Which in this case the product are Manny's cookies but by donating money to charity they are helping provide solutions to many problems.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
In a market with 1,000 identical firms, the short-run market supply is the
kompoz [17]

Answer: Option(a) is correct.

Explanation:

Correct Option : Marginal cost curve above average variable cost for a typical firm in the market.

In a market of perfect competition, the shutdown price of the firms will be minimum point of average variable cost. So, there is supply of goods by the firms if the price is equal or above the shutdown point of the firm.

Therefore, the supply curve of the firm is the above part of the MC curve from the minimum point of average variable cost.

8 0
3 years ago
Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $300,000, vari
Ipatiy [6.2K]

Answer: $86700

Explanation:

The net operating income is used in knowing the profitability of an investment. The net operating income is gotten by subtracting the expenses from the revenue.

Based on the information given in the question, the net operating income is $86700. Kindly check the attachment for further details.

7 0
3 years ago
Which of the following describe the reason(s) why maximization of intrinsic stock value benefits society?
Dafna1 [17]

Answer:

B. Workers prefer companies that minimize operating costs.

C. The owners of stock are society.

D. Successful companies attract more talent.

Explanation:

The intrinsic stock value does not need to reflect the market value of the company stock. However, the intrinsic stock reflects the company's lucrative aspect, something more intuitive that describes the company's operating. Therefore, a high intrinsic stock value reflects a company with great reputation.

A company with high intrinsic stock will surely attract more talent, as the talent pool is motivated by working in a reputable, efficient company. This kind of company is surely cost-effective in terms of operation too.

7 0
3 years ago
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