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Arlecino [84]
3 years ago
12

At the beginning of the year, manufacturing overhead for the year was estimated to be $859,200. At the end of the year, actual d

irect labor-hours for the year were 36,300 hours, the actual manufacturing overhead for the year was $830,000, and manufacturing overhead for the year was overapplied by $41,200. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been: (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
BaLLatris [955]3 years ago
8 0

Answer:

estimated direct labor hours= 35,800

Explanation:

Giving the following information:

The estimated manufacturing overhead= $859,200

The actual direct labor-hours= 36,300 hours

The actual manufacturing overhead= $830,000

Manufacturing overhead for the year was overapplied by $41,200

T<u>o calculate the estimated direct labor-hours, we need to reverse engineer the allocated overhead process.</u>

Under/over applied overhead= real overhead - allocated overhead

-41,200= 830,000 - allocated overhead

allocated overhead= 871,200

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

871,200= Estimated manufacturing overhead rate*36,300

Estimated manufacturing overhead rate= $24 per direct labor hour

<u>Finally, the estimated direct labor hours:</u>

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

24= 859,200/estimated direct labor hours

estimated direct labor hours= 859,200/24

estimated direct labor hours= 35,800

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<h3>What is a Forward sale Contract?</h3>

This refers to a special contract between two parties to purchase or sell an asset at an agreed price on a future date.

The fact that the price has been set and agreed upon protects the parties from fluctuations, which in this case, is exchange rate risks.

The correct answer, thus, is A.

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2 years ago
Some club members want to increase membership dues by $7.00.Other club members want to increase them by $3.00.They have reached
Kipish [7]

Answer:

Option E (Compromising) would be the correct choice.

Explanation:

  • A conflict mediation method of consensus attempts to discover a reason to reasonably pleasing parties and from both sides of the debate.
  • When it becomes more necessary to optimize a compromise than for the conclusion to always be perfect, a deadline is fast approaching, even at such an ongoing crisis, because you need a workable measure only for the moment, such style might be suitable to be using.

The other choices aren't relevant to the situation presented. Because otherwise, that is the right answer.

5 0
3 years ago
In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of internat
otez555 [7]

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Answer: Option 3.

<u>Explanation:</u>

Free trade is the trade of goods and services from one country to the other country without any boundations and without any restrictions. As a result of the free trade, the consumers have more variety of a particular good in the market.

In this particular case, since Rooby is no longer the only producer of this particular because of the free trade in the market, he can not charge too high for a particular good and it increases the competition between the producers.

5 0
3 years ago
The master budget of Swifty Corporation shows that the planned activity level for next year is expected to be 50000 machine hour
densk [106]

Answer:

Total Manufacturing Overheads = $1198,333

Explanation:

<em>Machine Supplies would vary with the new level of machine hours. therefore flex the overheads to obtain the budgeted manufacturing overheads.</em>

<em>Note ; Depreciation remains constant as this is not affected by new level of machine hours</em>

<u>Total manufacturing overhead costs at a level of 60000 machine hours</u>

Indirect labor (780,000 /50,000×60,000)             650,000

Machine supplies ($250000/50,000×60,000)      208,333

Indirect materials  (180,000/50,000×60,000)        150,000

Depreciation on factory building                             190,000

Total Manufacturing Overheads                             1198,333

3 0
3 years ago
What does an accountant analyze to gather the relevant information for adjusting entries? A. Accruals B. Transactions C. Ledgers
laila [671]

Answer:

transactions

Explanation:

the accountant analyzes transactions before financial information is represented in reports

5 0
3 years ago
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