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Over [174]
4 years ago
15

Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou

rs. The company based its predetermined overhead rate for the current year on 48,000 direct labor-hours, total fixed manufacturing overhead cost of $307,200, and a variable manufacturing overhead rate of $2.80 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor-hours 300 Direct materials $ 600 Direct labor cost $ 5,500 Required: Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%. (Round intermediate calculations and final answer to 2 decimal places.)
Business
1 answer:
777dan777 [17]4 years ago
7 0

Answer:

Selling price= $10,632

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= (307,200/48,000) + 2.8

Predetermined manufacturing overhead rate= $9.2 per direct labor hour

Job X941:

Total direct labor-hours 300

Direct materials $ 600

Direct labor cost $ 5,500

<u>Now, we can determine the total cost of Job X941:</u>

Total cost= 600 + 5,500 + 300*9.2

Total cost= $8,860

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

Selling price= 8,860*1.2

Selling price= $10,632

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You have been appointed to lead an existing group. Your boss, who informed you of the assignment, made these comments: "These pe
Aneli [31]

Answer:

This is a group that can be defined by its <u> high cohesiviness and low performance norms.</u>

Explanation:

In this case, the new leader must focus on solving this problem that already exists where team members have high cohesion, but who have a low performance with regard to compliance with internal rules and procedures.

The ideal in this case would be for the leader to review the set of company policies and standards and seek to establish new rules and procedures for living and working together.

Having a cohesive team is not a weakness for an organization, the ideal is to know how to exploit the potential of each member of that team, so that each one delivers to the company an effective job that contributes to the achievement of the objectives and organizational goals.

The manager can also invest in training, redesigning the layout of work and tasks, setting deadlines for completing activities, delivering warnings to ward off inappropriate behavior during working hours, etc.

4 0
4 years ago
Market Research Math Quiz
Amanda [17]
Answer is a) $2,075.

Base fee = $1,000

15x5 = $75 fee for questions

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1000 + 75 + 1000 = $2,075
3 0
3 years ago
The following data represent the probability distribution of the holding period returns for an investment in Lazy Rapids Kayaks
Brut [27]

Answer:

<u></u>

  • <u>17.5%</u>

Explanation:

The <em>expected return</em> is the weighted average of the expected returns in each scenario by its respective probability.

The <em>distribution of the holding period returns </em>(HPR) under three different scenarios is:

State of the economy    Scenario #(s)     Probability, p(s)    HPR

HPR Boom                         1                            0.336              28.40%

Normal growth                  2                           0.414                7.90%

Recession                          3                           0.25                18.90%

The calculations are:

        E(HPR) = 0.336\times 28.40\%+0.414\times 7.90\%+0.25\times 18.90\%

        E(HPR)=17.5\%

6 0
3 years ago
Foreign managers trained in the latest management techniques can often help to improve the efficiency of operations in the host
dezoksy [38]

Answer: Resource Transfer Effects.

Explanation:

These foreign managers are trained with well equipped management techniques whether those techniques are acquired or greenfield developments. These foreign managers bring with them these resources and transfer them within the host country. This Foreign direct investments falls into the category of Resource Transfer Effects.

4 0
3 years ago
Hey all! I have a banking question. So I recently had about 200 dollars pending to go into my bank account, and only about 10 do
BARSIC [14]
I honestly would call your bank and check to see what to do in this situation. It is different for every bank.
4 0
3 years ago
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