Answer:
Manufacturing overhead allocated= $1,260,000
Explanation:
Giving the following information:
Scaled Manufacturing estimates annual overhead costs to be $1,200,000 and that 300,000 machine hours will be operated. Using machine hours as a base.
The actual machine hours for the year were 315,000 hours.
We need to find the overhead applied. First, we need to determine the overhead rate.
Overhead rate= total estimated overhead for the period/ total amount of allocation base
Overhead rate= 1200000/300000= $4 per hour
Manufacturing overhead allocated= 315000 hours* 4= $1,260,000
Answer:
The answer is: True
Explanation:
An incentive is a punishment or a reward that induces someone (or the general public) to act a certain way. Many times incentives work because people compare costs and benefits. For example, in Europe gas prices are extremely high due basically to high taxes on gas. That is why most cars sold in Europe are much smaller and fuel efficient than those sold in the US were taxes on gas are usually much lower so the gas price is also much lower. The incentive is saving money even though most European cars aren´t as comfortable as those sold in the US.
In this specific question, those who wanted to drink beer will probably calculate how many beers they need to buy or drink to offset the expenses of going to the next county to buy beer. Probably no one will travel several miles just to buy 1 beer, but at some amount of beer the math will make you drive. Besides losing business in your own county, another collateral damage is the rise in drunk driving.
Answer:
In the activity based costing system, the costs are always allocated to unit product on a more fairer basis which is allocating cost pools on the cost driver basis and always remember that these cost pools originated by breaking the total overhead costs. This total Overhead cost is used only in absorption costing and absorbed on not a fairer basis (only uses only one basis of allocation which is either machine hours or labor hours).
Explanation:
The cost driver for setting up batches is number of batches, processing customer orders is customer order and that of Assembling products is assembly hours.
So
Setting up batches cost per Product X26X = $78.6 * 34 = $2672.4
Processing Customer Orders per Product X26X = $59.4 * 1 = $59.4
Assembling products cost per Product X26X = $1.58 * 369= <u>$583.2</u>
Total overhead cost assigned to unit product = <u>$3315</u>
Answer:
Job analysis
Explanation:
Many organizations carry out what is called job analysis. It entails spelling out the job functions, skills, experience and knowledge required to perform the job. It is important to analyze the skills required to perform a job because such would afford an organization to have directions in terms of matching skills with work.
Also, organizations analyze jobs to confirm that it is line with the company's current goals and objectives instead of a job that does not go in line with a company's current structure.
Answer:
Dividend $82,500 (debit)
Cash $82,500 (credit)
Explanation:
Dividends are distributed to the shares outstanding at declaration date instead of authorized shares.
Dividend = 110,000 shares outstanding × $1× 0.75
= $82,500
Note : Value used is based on the par value of shares
Dividend $82,500 (debit)
Cash $82,500 (credit)