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grandymaker [24]
3 years ago
15

In December 2016, Custom Mfg. established its predetermined overhead rate for jobs produced during 2017 by using the following c

ost predictions: overhead costs, $680,000, and direct materials costs, $400,000. At year-end 2017, the company’s records show that actual overhead costs for the year are $897,200. Actual direct material cost had been assigned to jobs as follows.
Jobs completed and sold $ 420,000 Jobs in finished goods inventory 76,000 Jobs in work in process inventory 53,000 Total actual direct materials cost $ 549,000 Determine the predetermined overhead rate for 2017.
Business
1 answer:
Luden [163]3 years ago
5 0

Answer:

POAR= 170% of the direct material cost.

Explanation:

Explanation:

The predetermined overhead absorption rate (POAR: The overhead absorption is a rate which is used to charge overheads to production units. Note that this rate is computed using estimated figures

The rate is computed as follows:

Predetermined overhead absorption rate

POAR

= (Budgeted overhead for the period/Budgeted direct material cost)× 100

= $680,000/400,00 ×  100

= 170% of the direct material cost.

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A manufacturer estimates that its product can be produced at a total cost of C(x) = 50,000 + 100x + x3 dollars. If the manufactu
timofeeve [1]

Answer:

The level of production x that will maximize the profit is: 22,966

Explanation:

C(x) = 50,000 + 100x + x³

R(x) = 3400x

P(x) = R(x) - C(x)

      = 3400x - [50,000 + 100x + x³]

      = 3400x - 50,000 - 100x - x³

      = 3300x - 50,000 - x³   .................... (A)

P'(x) = 3300(1) - 0 - 3x²

       = 3300 - 3x²

At a critical point, P'(x) = 0

∴   0 = 3300 - 3x²

  3x² = 3300

    x² = 1100

     x = ± \sqrt{1100}

P"(x) = -6x

P(\sqrt{1100}) = -6 (\sqrt{1100})   < 0

by second derivative, 'P' max at    x = \sqrt{1100} = 33.17 (rounds)

since x =  \sqrt{1100} ,

recall that P(x) = 3300x - 50,000 - x³ from equation (A)

Therefore, Maximum Profit

P(\sqrt{1100}) = 3300\sqrt{1100} - 50000 - \sqrt{1100} ^{3}

              = 3300(33.17) - 50,000 - 33.17³

              = 109461 -50,000 - 36495.26

              = 22,965.74

Maximum profit is 22,966 to the nearest whole number

5 0
2 years ago
Suppose nominal GDP is​ $2,000 a year and the quantity of money is​ $400. Then the velocity of circulation equals
ahrayia [7]

Answer: 5

Explanation:

The velocity of circulation is the average number of times that each dollar can be used for the purchase of goods and services in a year.

From the information given in the question, the velocity of circulation will be:

= Nominal GDP / Quantity of money

= $2000 / $400

= 5

Therefore, the velocity of circulation is 5.

3 0
2 years ago
Xavier is using a query that includes a LIKE comparison operator with the value of A[a-n]*. Which option would match this operat
Lera25 [3.4K]

Answer:

Aaron

Explanation:

3 0
3 years ago
Read 2 more answers
You are considering a project with an initial cost of $7,500. What is the payback period for this project if the cash inflows ar
Sliva [168]

Answer:

A. 3.21 years

Explanation:

In the payback, we analyze in how many years the invested amount is recovered. The computation is shown below:

In year 0 = $7,500

In year 1 = $1,100

In year 2 = $1,640

In year 3 = $3,800

In year 4 = $4,500

If we sum the first 3 year cash inflows than it would be $6,540

Now we deduct the $6,540 from the $7,500 , so the amount would be $960 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $4,500

So, the payback period equal to

= 3 years + $960 ÷ $4,500

= 3.21 years

In 3.21 yeas, the invested amount is recovered.  

4 0
3 years ago
How often should i take my scuba cylinder to be visually inspected by my dive center?
Bas_tet [7]
<span>You should bring your scuba cylinder to be inspected at least once a week. If for some reason you feel like you are having issues then bring it more frequently. The cylinder is an important tool when going under the water.</span>
4 0
2 years ago
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