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Alexeev081 [22]
3 years ago
7

Sivret Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. T

he company based its predetermined overhead rate for the current year on the following data:
Total machine-hours 80,000
Total fixed manufacturing overhead cost $624,000
Variable manufacturing overhead per machine-hour $3.10

Recently, Job M598 was completed with the following characteristics:

Number of units in the job 60
Total machine-hours 300
Direct materials $645
Direct labor cost $9,000

If the company marks up its unit product costs by 40% then the selling price for a unit in Job M598 is closest to:_________
Business
1 answer:
Vsevolod [243]3 years ago
5 0

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (624,000/80,000) + 3.1

Predetermined manufacturing overhead rate= $10.9 per machine hour

Job M598:

Number of units in the job 60

Total machine-hours 300

Direct materials $645

Direct labor cost $9,000

Total cost= 645 + 9,000 + 300*10.9

Total cost= $12,915

Unitary cost= 12,915/60= $215.25

<u>Finally, the selling price per unit:</u>

Selling price= 215.25*1.4= $301.35

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Answer:

affect nominal but not real variables. This view that money is ultimately neutral is consistent with classical theory.

Explanation:

This idea is held by classical economists (not by most economists) since they believe in the quantitative theory of money:

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3 years ago
The discounts lost account is used under the ___ method for inventory. multiple choice question. periodic gross perpetual net
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<h3><u>What is discount?</u></h3>
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The discount rate, an interest rate used to calculate the time worth of money, should not be confused with a discount.

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Which term describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months
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Complete Question:

Which term describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months), involve a smaller number of individuals, have little financial backing, and are accomplished by insiders or outsiders who do not seek collusion with insiders?

Group of answer choices.

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B. Unstructured threat category.

Explanation:

An unstructured threat category is a term which describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months), involve a smaller number of individuals, have little financial backing, and are accomplished by insiders or outsiders who do not seek collusion with insiders.

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