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Alexeev081 [22]
2 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]2 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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Net income computed under absorption costing will be: higher than net income under variable costing when units produced are grea
nordsb [41]

Answer:

higher than net income computed under variable costing when units produced are greater than units sold

Explanation:

Absorption costing and variable costing techniques are used to compute the accounting cost of various operation. The calculation procedures of both the techniques are different; that is why the results are different. The net income under absorption costing is higher because it takes into account the indirect expenses and indirect costs. Likewise, absorption costing technique also includes manufacturing or overhead cost.

4 0
3 years ago
Indicate whether a change in the value of each of the following determinants of demand leads to a movement along the demand curv
Marizza181 [45]

Answer:

movement along the demand curve: i

shift in the demand curve: ii, iii, iv, vi

no effect: v

Explanation:

A change in the price of the product causes quantity demanded to change. It will be indicated by a movement on the same demand curve.  

A change in other factors will cause the demand for the product to change. It is indicated by a shift in the demand curve.  

i. Change in the market price: movement along the demand curve

ii. Change in income: shift in the demand curve

iii. Change in consumer expectations: shift in the demand curve

iv. Change in the price of a related good: shift in the demand curve

v. Change in the price of an unrelated good: no effect

vi. Change in preferences for this good: a shift in the demand curve

3 0
3 years ago
HELP!
DiKsa [7]

Answer:

A. Partnership

Explanation:

Based on the description of this scenario it can be said that the best option for Mary would be a Partnership. This means that she will share ownership and profit with those involved but at the same time will also share the  liabilities. This will make sure that the other tattoo artists will do their utmost best since they will have to deal with the consequences as well if they do not. Which in term protects Mary.

8 0
3 years ago
Read 2 more answers
Sales are $1.44 million, cost of goods sold is $570,000, depreciation expense is $144,000, other operating expenses is $294,000,
anygoal [31]

Answer:

Times Interest earned ratio is 4.41 times

Explanation:

Times interest earned ratio measure the business capability to pay the interest over its liabilities from its current earning.

As interest expense value is not given it is calculated by the net of Earning before interest and tax and Income before tax

Net Income = Addition to Retained Earning + Dividend Paid = $133,100 + ( 84,000 x $1 ) = $133,100 + $84,000 = $217,100

Income before tax = $217,100 x 100% / ( 100% - 35%) = $334,000

Earning before interest and tax = Sales - Cost of goods sold - depreciation expense - other operating expenses = 1,440,000 - 570,000 - 144,000 - 294,000 = $432,000

Interest Expense = Earning before interest and tax - Income before tax = $432,000 - 334,000 = $98,000

Times Interest earned ratio = Earning before Interest and tax /  Interest expense = $432,000 / $98000 = 4.41 time

4 0
3 years ago
What tends to happen to the accuracy of our savings goals as our investment horizon becomes longer?
SIZIF [17.4K]

We are less able to accurately estimate the amount we will need tends to happen to the accuracy of our savings goals as our investment horizon becomes longer.

Secured Goals is part of an account that is structured to save only your money and save that as well, all the difference is this is a great dividend saving account to protect against accidental spending. When you open a protected savings fund, a savings goal is automatically created or credit installments are created only at the end of each month.

Setting goals helps investment horizon you break down the saving process to make it easier and more convenient. Setting goals saves time.

Learn more about investment horizon at

brainly.com/question/24082337

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6 0
1 year ago
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