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kramer
3 years ago
12

At the beginning of the year, a company predicts total overhead costs of $690,900. The company applies overhead using machine ho

urs and estimates it will use 1,470 machine hours during the year. What amount of overhead should be applied to Job 65A if that job uses 20 machine hours during January
Business
1 answer:
nignag [31]3 years ago
6 0

Answer:

$9,400

Explanation:

We know,

predetermined overhead rate for machine hour = \frac{total overhead cost}{total machine hour}

Given,

Total overhead cost = $690,900

Total machine hours = 1,470

Putting the values into the formula, we can get

predetermined overhead rate for machine hour = \frac{690,900}{1,470}

predetermined overhead rate for machine hour = $470

When we use a separate job, the overhead cost will be = predetermined overhead rate × total hours used by the job.

The amount of overhead should be applied to Job 65A if that job uses 20 machine hours during January  = 20 hours × $470 = $9,400

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<u><em>The answer should be the last options.</em></u>

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Carlos is the VP Sales for a consumer electronics company and has recently been reviewing the performance feedback and employee
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Compensation.

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2 years ago
Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u
AVprozaik [17]

Answer:

Option (b) is correct.

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Given below is a numbered list of cost terms. For each of the definition statements that follow, place the number of the cost te
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Answer:

The correct answers are the following:

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a) <em>Sunk costs</em> are those that have already occurred in the past and they can not be recovered again so therefore that they are not relevant at the time of taking decisions regarding the futue.

b) <em>Opportunity costs</em> are those that try to measure and show the sacrifice done at the time of making a decision when that sacrifice represents the best second option that the person could have done.

c) <em>Fixed costs</em> are those that are always the same amount and do not change with the activity level of the production of the company.

d) <em>Variable costs</em> are those that do change with the amount of activity level that the company has during the production process.

e)<em> Incremental costs</em> are those that increase the cost level of the production while the output level increases as well, so they are a concept on the margin.

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Jeff works as a computer repair technician
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