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
Eva8 [605]
3 years ago
5

Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning

of the year, it estimated that 20,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $94,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $123,900 and its actual total direct labor was 21,000 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.
Business
1 answer:
wolverine [178]3 years ago
5 0

Answer:

$6.7 per direct labor hour

Explanation:

Given:

Direct labor-hours = 20,000

Fixed manufacturing overhead cost = $94,000

variable manufacturing overhead = $2.00 per direct labor-hour

Actual manufacturing overhead cost for the year = $123,900

Actual total direct labor = 21,000 hours

Now,

Total Estimated Manufacturing Overhead

= 94000 + ( 2 × 20000 )

= $134,000

And,

Predetremined Overhead Rate = \frac{\textup{Estimated Maufacturing Overhead}}{\textup{Estimated Direct Labor Hours.}}

or

Predetremined Overhead Rate = \frac{\textup{134,000}}{\textup{20000}}

or

Predetremined Overhead Rate = $6.7 per direct labor hour

You might be interested in
Mark is an excellent cook. He does not have any formal training but learned to cook by following the recipes of several famous c
soldi70 [24.7K]

Answer:

d.) laissez-faire

Explanation:

Laissez-faire is one of Adam Smith's ideas which made Mark think of starting a restaurant because the business is free from government intervention. Also because Mark would be the sole owner of the business.

8 0
3 years ago
Read 2 more answers
Activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including exp
Anika [276]

Answer:

Operating activities

Explanation:

The operating activities deal with the purchase and sale of merchandise to the customers plus it also involves the expenditure incurred for day to day operations like - wages and salaries expenses, administrative expenses, selling and other general expenses

By performing day to day activities, the company is enabled to generate the revenues through which the company could accomplish its goals and objectives.

5 0
3 years ago
Scenario: Your best friend works for an In-Home Health Provider Company (IHHPC) in Palm Beach County, Florida. Your friend comes
adelina 88 [10]

Answer: Please refer to Explanation

Explanation:

Advise I would give.

1. The process for the collection of cash should be changed to bring in revenue faster. This can be done in a variety of ways,.

- By including in the terms of the contract that the service has to be paid for within a certain period such as a maximum of 4 weeks and then follow up each week on the customer so that they remember that they have a due bill.

- Giving payment based discounts such as a 5% discount if the service is paid for within a fortnight.

- Telling the customer to pay first, if not the full amount, at least a down payment with the total being settled at a later date.

These are but just some ways of getting the money faster but the bottomline is that payment needs to be received faster because the nurses are paid on a weekly basis.

2. Focus more on Patients with Insurance.

The company has a very low clientele base that use insurance and they should aim to increase that figure. This is because Insurance pays out timely and IHHPC will be sure that their payment will come because an Insurance company is bound by certain rules and regulations. For security of payments therefore, they should increase their insurance based clientele.

3 0
3 years ago
Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the incep
Paul [167]

Answer:

Total Costs Transferred Out     906422.4

<em>Difference may be due to rounding .</em>

Explanation:

Samantha's Office Supplies

Equivalent units

Particulars       Units            % of Completion                Equivalent Units

                                          Materials Conversion     Materials Conversion

Completed and

transferred out        162,000  (100% ) (100% )     162,000 162,000

WIP,

Normal Spoilage       6,480     (100% ) (100% )       6,480     6,480

<u>Ending inventory   30,000  (100% )  (25% )           30,000, 7,500</u>

<u>Accounted For        198,480                               198,480       175,980   </u>                                                                  

Costs:                    Total            Direct materials        Conversion costs

WIP, beginning

inventory:             388,000          $ 300,000                      88,000

<u>Costs Added          639618             419,832                           219,786</u>

Total Costs

To Account for    1027618             719,832                             307786

Divided By

Equivalent Units                               198,480                            175,980  

<u>Equivalent Unit Costs   5.38                 3.63                                  1.75 </u>      

<u><em>Assignment of Costs </em></u>

Transferred out ( 5.38* 162,000)=  871560

Normal Spoilage (5.38* 6480)<u>=   34862.4</u>

Total Costs Transferred Out     906422.4

Difference may be due to rounding .

5 0
3 years ago
Jennifer has been highly unproductive at work for the last few weeks and is counseled regarding organizational policies and rule
Anton [14]

Answer: positive

Explanation:

Based on the happening in he question, the method used is the positive discipline approach

This approach seeks ways to help an employee when the employee isn't being productive at his or her workplace. The positive actions are being seeked and necessary ways to bring the worker back to his or her feet will be utilized.

This is the method used in order to being Jennifer back on track and.make her productive again.

7 0
3 years ago
Other questions:
  • The demand and supply schedules for sunscreen at a small beach are shown below. Market for sunscreen price (dollars per bottle)
    10·1 answer
  • Suppose an industry earns a rate of return of 10%, which is twice as high as that of competitive industries, 5%. How much is the
    14·1 answer
  • A consultant was telling newly-hired salespeople about techniques they can use to increase sales. at one point he was talking ab
    14·1 answer
  • The custodial bank (located in the home country of the issuer) of an American Depository Receipt
    11·2 answers
  • What does "ARM" stand for? A. Adjustable-rate mortgage B. Advised mortgage rate C. Adjusted-rate mortgage D. Amortized real mort
    5·1 answer
  • what would happen in the market for loanable funds if the government were to increase the tax on interest income the demand for
    10·2 answers
  • Beck Manufacturing reports the following information in T-account form for 2019. Raw Materials Inventory Begin. Inv. 11,600 Purc
    11·1 answer
  • Allen deposits $2,000 in his local bank. He earns 2 percent interest each year on his deposit. Jessica borrows $1,000 from the s
    6·2 answers
  • A company purchases inventory on account for $45,000 with terms 2/10, n/30. Under the net method of accounting for purchases, th
    11·1 answer
  • In terms of microeconomic analysis, what is the function of utils?.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!