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Orlov [11]
3 years ago
10

First​ Class, Inc., expects to sell 22,000 pool cues for $12.00 each. Direct materials costs are $4.00​, direct manufacturing la

bor is $6.00​, and manufacturing overhead is $0.84 per pool cue. The following inventory levels apply to​ 2019: Beginning inventory Ending inventory Direct materials 26,000 units 26,000 units Work−in−process inventory 0 units 0 units Finished goods inventory 1,000 units 2,900 units What are the 2019 budgeted costs for direct​ materials, direct manufacturing​ labor, and manufacturing​ overhead, respectively?
Business
1 answer:
MatroZZZ [7]3 years ago
3 0

Answer:

budgeted costs for direct​ materials

  • $88,000

budgeted direct manufacturing​ labor

  • $132,000

budgeted manufacturing​ overhead

  • $18,480

Explanation:

Direct materials costs are $4.00 per pool cue.

Direct manufacturing labor is $6.00​ per pool cue.

Manufacturing overhead is $0.84 per pool cue.

total budgeted direct materials = 22,000 x $4 = $88,000

total budgeted direct labor = 22,000 x $6 = $132,000

total budgeted manufacturing overhead = 22,000 x $0.84 = $18,480

The information about the beginning and ending inventories is not relevant to this question since it only deals with budgeted or estimated costs which may or may not differ from actual costs.

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kotykmax [81]

Answer:

A price floor set above the equilibrium price will result in a surplus of supply.  

Explanation.

An equilibrium price refers to the price at which demand for a service or product is equivalent to the quantity of the product or service supplied in the market.

Setting a price floor above the equilibrium price essentially means that the set prices will be higher than what demand is willing to pay for the product or service. Demand will therefore purchase fewer quantity of the product offered by supply at the prevailing price than they would have at equilibrium price.

Since the price floor will raise the product price to considerably higher than the equilibrium price, supply will be willing to provide higher volumes of the product at the prevailing price than at equilibrium price.

This will lead to a mismatch in the market between supply and demand resulting into a surplus.

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3 years ago
Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she doe
Fynjy0 [20]

Answer:

b. an indicator of quality.

Explanation:

Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she does not know much about wine, she will likely use the price of the wines as an indicator of quality.

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2 years ago
Med Max buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to dozens of hospita
Semenov [28]

Answer:

A. Customer deliveries $90

Manual order processing $74

Electronic order processing $21

Line item picking $1.95

B. CITY GENERAL

Activity cost pools City General

Customer deliveries $900

Manual order processing $0

Electronic order processing $210

Line item picking $234

Total Activity Costs $1,344

COUNTRY GENERAL

Activity cost pools Country General

Customer deliveries $1,800

Manual order processing $2,960

Electronic order processing $0

Line item picking $546

Total Activity Costs $5,306

Explanation:

a. Computation for the activity rate for each activity cost pool

Using this formula

Activity rate = Total cost / Total activity

Let plug in the formula

Activity cost pools Total Cost (a) Total activity (b) Activity rate (a/b)

Customer deliveries $630,000/ 7,000 =$90

Manual order processing $444,000/ 6,000 =$74

Electronic order processing $231,000/ 11,000 =$21

Line item picking $955,500/ 490,000=$1.95

Therefore the activity rate for each activity cost pool are:

Customer deliveries $90

Manual order processing $74

Electronic order processing $21

Line item picking $1.95

b. Computation for the total activity costs that would be assigned to City General and County General

Using this formula

Activity cost assigned = Actual activity * Activity rates

Cost drivers by product Overhead cost assigned

CITY GENERAL

Activity cost pools Activity rate (a) City General(b) City General (a*b)

Customer deliveries $90 *10 =$900

Manual order processing $74*0=$0

Electronic order processing $21* 10=$210

Line item picking $1.95*120=$234

Total Activity Costs $1,344

($900+$0+$210+$234)

COUNTRY GENERAL

Activity cost pools Activity rate (a) Country General(b) Country General (a*b)

Customer deliveries $90 *20 =$1,800

Manual order processing $74*40=$2,960

Electronic order processing $21* 0=$0

Line item picking $1.95*280=$546

Total Activity Costs $5,306

($1,800+$2,960+$0+546)

Therefore The the total activity costs that would be assigned to City General and County General

are:

CITY GENERAL

Activity cost pools City General

Customer deliveries $900

Manual order processing $0

Electronic order processing $210

Line item picking $234

Total Activity Costs $1,344

COUNTRY GENERAL

Activity cost pools Country General

Customer deliveries $1,800

Manual order processing $2,960

Electronic order processing $0

Line item picking $546

Total Activity Costs $5,306

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This is the price paid to an insurance company by an individual or company wishing to enter into an insurance policy. Premiums are the income of insurance companies. The premium amount depends on the type of insurance. It also depends on factors such as the type of insurance coverage. The age group to which the policyholder belongs.

Learn more about premium here: brainly.com/question/1191977

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