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ddd [48]
3 years ago
13

Erkkila Inc. reports that at an activity level of 6,600 machine-hours in a month, its total variable inspection cost is $423,980

and its total fixed inspection cost is $162,426. What would be the average fixed inspection cost per activity unit at an activity level of 6,900 machine-hours in a month? Assume that this level of activity is within the relevant range.
Business
1 answer:
Triss [41]3 years ago
7 0

Answer:

$23.54

Explanation:

Average fixed inspection cost per activity unit is arrived at by dividing the total amount of fixed inspection cost by the activity unit. Activity unit in this case is the total machine hour

6,600 machine-hours = $162,426 total fixed inspection cost

Since Erkkila Inc activity is within the relevant range, at 6,900 machine-hours the same fixed cost will be incurred.

Therefore:

6,900 machine-hours = $162,426 total fixed inspection cost

Average Fixed Inspection Cost Per Activity unit= $162,426/6,900 = $23.54

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Journalize the following transactions of Trapper Jon’s Productions. Assume 360 days in a year.
Sindrei [870]

Answer:

Explanation:

To record note received

On June 23.                                      Debit                          Credit

Notes Receivable                           $48,000                      

Accounts receivable for Radon ExpressCo                          $48,000

interest revenue = $48,000 x 8%x 90/360

To record dishonored note

On September 21st                        Debit                              Credit

Accounts receivable for Radon Co $48,960

Notes Receivable                                                             $48,000

Interest Revenue                                                                   $960                                                                        

Interest Revenue  $48,960 x 10%x 30/360 = $408

Journal to record Cash Received        

     October 21                                             Debit             Credit

Cash                                                   $49,368

Accounts Receivable for Radon Express Co             $48,960

Interest                                                                               $408  

                       

4 0
3 years ago
Rafner Manufacturing identified the following budgeted data in its two production departments. Assembly Finishing Manufacturing
miss Akunina [59]

Answer:

1. $53.75 per direct labor hour

2. $80.625 per machine hour

Explanation:

Total manufacturing overhead costs= $1112500+$500000  = $1612500

Total direct labor hours= 11000+19000=30000

Total machine hours= 5000+15000=20000

1.       Company’s single plantwide overhead rate based on direct labor hours

= Estimated overhead costs/Estimated direct labor hours

=$1612500/30000 =$53.75 per direct labor hour

2.       Company’s single plantwide overhead rate based on machine hours

= Estimated overhead costs/Estimated Machine hours

=$1612500/20000 =$80.625 per machine hour

3 0
3 years ago
Read 2 more answers
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horsena [70]

Answer:

The shareholders equity as of 31 December, 2018 is $32,240

Explanation:

Here for calculating the shareholders equity we will first have to find the total paid in capital of the Yellow enterprises and after that we will subtract the deficit balance that is remained in the retained earnings account, by doing this we will get the total paid in capital and retained earnings. Now we just have to subtract the treasury stock from the total paid in capital and retained earnings to get the remaining balance , which would be the shareholders equity of the Yellow enterprises.

so first step would be taking out total paid in capital =

                         common stock

                                   +

                         paid in capital(excess of par)

                                   +

                        paid in capital treasury stock

=       2700 + 31,500 + 1300

Total paid in capital = $35,500

Next step is to subtract deficit balance in retained earnings from this to get the total paid in capital and retained earnings =

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Total paid in capital and retained earnings = $35,500 - $3000

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Now the last step for taking out shareholders equity we will subtract the treasury stock from the total paid in capital and retained earnings,

Shareholders equity = total paid in capital and retained earnings

                                                          -

                                              treasury stock at cost

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ikadub [295]

I think the answer is 204 million

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<u>Answer:</u>

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3 years ago
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