1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GuDViN [60]
3 years ago
7

Next Generation's predetermined overhead rate is $16 per direct labor-hour and its direct labor wage rate is $11 per hour. Job #

1987 used $1,202 of direct materials and $5,500 of direct labor.
Question:
If Job #1987 consists of 100 units, what is the average cost assigned to each unit included in the job?
Business
1 answer:
Pavel [41]3 years ago
3 0

Answer:

Unitary cost= $147.02

Explanation:

Giving the following information:

Next Generation's predetermined overhead rate is $16 per direct labor-hour and its direct labor wage rate is $11 per hour. Job1987 used $1,202 of direct materials and $5,500 of direct labor.

First, we need to calculate the allocated overhead to Job 1987:

direct labor hours= 5,500/11= 500 hours

Allocated overhead= 500*16= $8,000

Now, we can calculate the total cost and unitary cost of Job 1987:

Total cost= 1,202 + 5,500 + 8,000= $14,702

Unitary cost= 14,702/100 units= $147.02

You might be interested in
Jacob went to the grocery store to buy breakfast cereal. He picked up a few cereal boxes to look up their ingredients. However,
andriy [413]

Answer: The correct answer is "c. bounded rationality".

Explanation: Jacob's decision is an example of bounded rationality, because according to the theory of limited rationality, people make decisions only partially in a rational way because of our cognitive, information and time constraints.

4 0
3 years ago
If the contribution margin is not sufficient to cover fixed expenses:.
Elan Coil [88]

If there is an insufficient contribution margin to cover fixed expenses, there will always be an occurrence of a net loss.

<h3>What is a Contribution Margin?</h3>

The contribution margin can be expressed in gross income terms.  After subtracting the variable element of the firm's expenditures, it indicates the extra money gained for each product sold.

The contribution margin is calculated by subtracting the selling price/unit from the variable cost/unit.

This metric displays how much a certain product adds to the company's total earnings. It displays the share of revenue that helps to pay the firm's fixed costs and gives one approach to illustrate the profit potential of a certain product supplied by a company.

Therefore, If there is an insufficient contribution margin to cover fixed expenses, there will always be an occurrence of a net loss.

Learn more about contribution margin here:

brainly.com/question/24881206

7 0
2 years ago
Which of these is a nonstore retailer?
Lady bird [3.3K]
A. Vending Machine is a nonstore retailer
7 0
2 years ago
Is a company bonus earned income?
katrin2010 [14]
<span>Earned income typically includes salaries and bonuses, wages, commissions and tips. Union strike benefits are also considered earned income, as are long-term disability benefits received prior to minimum retirement age. So yes</span>
7 0
3 years ago
Peter offers his manager some suggestions for a new holiday display. His manager shrugs his shoulders and tells Peter that the d
Sunny_sXe [5.5K]

Answer:

Equity Theory.

Explanation:

As Peter offers his manager some suggestions for a new holiday display. His manager shrugs his shoulders and tells Peter that the display is all set. Then Sarah approaches the manager with an idea for the display, and the manager tells her that it’s a great idea. Equity theory is the model of motivation that explains how Peter is striving for fairness and justice. Equity theory explains that employees should be treated equally and fairly in order to keep them motivated at the workplace. If employees started feeling that they not being treated fairly then they will dissatisfied and demotivated at the workplace which will definitely reduces their work productivity. Human beings are motivated when they are treated fairly and equally.

6 0
3 years ago
Other questions:
  • In 2018, Maria records self-employed earnings of $135,000. Using the format illustrated in the text, compute Maria's self-employ
    10·1 answer
  • Production Budget Healthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sa
    9·1 answer
  • You have a ticket to go to a concert by one of your favorite​ groups, the​ Hives, which you cannot resell. ​ However, you can bu
    12·1 answer
  • According to an old myth, native americans sold the island of manhattan about 400 years ago for $24. if they had invested this a
    6·1 answer
  • The balance in the equipment account is $4,900,000, and the balance in the accumulated depreciation—equipment account is $2,646,
    11·1 answer
  • Which of the following statements explains the concept of the tragedy of the​ commons? ​(Check all that apply.​) A. It occurs du
    13·1 answer
  • How can we develop desicion making skill on ourselves​
    9·1 answer
  • Is a market where securities are bought and sold
    5·1 answer
  • Erin spent $25, $36, $18, and $42 on lunch in the last four
    11·1 answer
  • What is the difference between reliability for quantitative research and reliability for qualitative research?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!