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
Sunny_sXe [5.5K]
3 years ago
11

Crinkle Cut Clothes Company manufactures two products CC1 and CC2. Current direct material and direct labor costs are detailed b

elow. Next year the company wishes to use a plantwide overhead rate with direct labor hours as its allocation base. Next year's overhead is estimated to be $338,250. The direct labor and direct materials costs are estimated to be consistent with the current year. Direct labor costs $28 per hour and the company expects to manufacture 22,000 units of CC1 and 91,000 units of CC2 next year.
CC1: Direct material per unit $37.10, Direct Labor Dollars Per Unit $22.40
CC2: Direct material per unit $25.20, Direct Labor Dollars Per Unit $15.40

Compute the plantwide overhead rate for next year.

$28.00 per DLH.
$37.80 per DLH.
$1.35 per DLH.
$5.00 per DLH.
$.20 per DLH.
Business
1 answer:
nordsb [41]3 years ago
4 0

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Next year's overhead is estimated to be $338,250.

Direct labor costs $28 per hour and the company expects to manufacture 22,000 units of CC1 and 91,000 units of CC2 next year.

CC1: Direct Labor Dollars Per Unit $22.40

CC2: Direct Labor Dollars Per Unit $15.40

First, we need to calculate the number of direct labor hours required:

CC1= 22.4/28= 0.8 direct labor hours per unit

CC2= 15.4/28= 0.55 direct labor hours per unit

CC1= 22,000 units* 0.8= 17,600 hours

CC2= 91,000* 0.55= 50,050 hours

Total= 67,650 hours

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 338,250/ 67,650= %5 per direct labor hour

You might be interested in
Nine years of citizenship and at least 30 years of age is the requirement to be
sineoko [7]
To be chosen to be a senator
8 0
3 years ago
If the price of Coca-Cola increases from 50 cents to 60 cents per can and the quantity demanded decreases from 100 cans to 50 ca
yawa3891 [41]

Answer:

E. Elastic

Explanation:

Unit elastic demand is when the quantity demanded changes by the same percentage that the price does.

Inelastic demand is when the quantity demanded changes less than the price does.

Elastic demand is when an increase in prices causes a bigger percentage fall in demand. It is also when price or other factors have a big effect on the quantity consumers want to buy. In this case; the price rises 20% (50 to 60) and demand falls 50% (100 to 50), so the demand for Coca-Cola is elastic

6 0
3 years ago
Read 2 more answers
Who has a fear of clowns?
Mashutka [201]

I do lol, they kinds scary yk?

4 0
3 years ago
Read 2 more answers
For a price-taking firm, marginal revenue Select one: a. is the addition to total revenue from producing one more unit of output
Ksju [112]

Answer: Option (e) is correct.

Explanation:

Correct Option: both a and c

Marginal revenue is the amount that is added to the total revenue, this amount is created due to an additional unit of output produced by the firm.

Price taking firms are the firms which operates in a perfectly competitive market. In this type of market condition, prices are determined by market forces. Hence, the constant prices will result in unchanged marginal revenue and thus it is horizontal to the x-axis at any given price level. Price level remains the same at any level of output.

7 0
3 years ago
You can learn about the financial strength of an insurance company by checking _____ rating system. group of answer choices
Genrish500 [490]

You can learn about the financial strength of an insurance company by checking<u> Standard & Poor's</u> rating system.

Monetary typically refers to cash matters or transactions of some length or importance: a financial wizard. fiscal is used particularly in reference to authorities' finances, or the ones of any enterprise: the top of the monetary yr. financial relates especially to cash as such: an economic device or standard.

Money is a part of finances, but finance consists of numerous different things as properly. money acts as a medium of alternate, shop of cost, a unit of account, and sometimes it is able to additionally act as a widespread for deferred bills. Finance: that is the observation of money and entails planning to apply it.

Economic motives mean that respondents did not observe for legal useful resources because they didn't assume they could be eligible beneath a means take a look at or had been refused felony aid due to the fact they failed a means test.

Learn more about  financial here brainly.com/question/2801397

#SPJ4

8 0
1 year ago
Other questions:
  • The current price of xyz stock is $50.00. dividends are expected to grow at 7% indefinitely and the most recent dividend was $1.
    11·1 answer
  • For each item listed below, indicate the allocation terminology for the item. Use the following terms for your answer:
    13·1 answer
  • The order fulfillment process involves which of the following functional areas of a​ business?
    5·1 answer
  • After having problems with her Mitsubishi car, sandra salazar had santa Fe Mitsubishi install a used LO1 motor in it. when she p
    9·1 answer
  • Nanjones Company manufactures a line of products distributed nationally through wholesalers. Presented below are planned manufac
    6·1 answer
  • What document is used to summarize a job applicant’s experience, education, and achievements?
    11·2 answers
  • Ashlynn heard that as a general rule, she should spend no more than one week's pay on rent. If Ashlynn's salary is $32,400 per y
    12·2 answers
  • How can higher data prices negatively affect other producers of goods and services​
    10·1 answer
  • What do you prefer local fundraising or global fundraising and why? (just one reason)
    13·2 answers
  • From day one of Jay's first week as the new boss, everybody in the office agreed that he was a great improvement on his predeces
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!