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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

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5 0
3 years ago
Why are both non excludability and non rivalry important elements of public goods?
USPshnik [31]
Because all people ( the public ) can fully enjoy this good/service without competing for it.
7 0
4 years ago
Economic growth in the country of Southville has slowed down in the last few months. Following a collapse in housing​ prices, se
skad [1K]

Complete Question:

A. According to census data, the percentage of Southville's population that lives in rural areas has gradually been shrinking.

B. The standards for obtaining a mortgage loan in Southville have been more stringent compared to many other countries.

C. Prior to the crisis, the prices of existing homes also increased in proportion to the prices of new homes in Southville.

D. A large proportion of home buyers in Southville were individuals who already owned one or more houses.

E. The inflation-adjusted real wage in the construction industry increased by 10 percent prior to the crisis.

Answer and Explanation:

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The reason for option D is that the individuals who already owned houses were buying new houses. So what was the need for them to buy additional new houses?

4 0
3 years ago
Marcy and Liz developed a new jewelry design. They were fortunate to get the attention of a large online retailer who was willin
snow_tiger [21]

Answer: Exclusive distribution

Explanation:

Exclusive distribution is defined as the agreement in which a parties involved are manufacturer and distributor.It states that the particular distributor cannot sell their service or item to any other party .It binds the agreement that product can be sold to the exclusive distributor.

According to the situation mentioned in the question, designers are asked for exclusive distribution by the retailer.Retailer does not wants that design of jewelry to be sold through any other source or retailer for effective sale.Thus agreement upon this matter is proposed by the retailer.

6 0
3 years ago
The Canton Corporation shows the following income statement. The firm uses FIFO inventory accounting. CANTON CORPORATION Income
Zepler [3.9K]

Answer:

Aftertax income     47,278.7

Explanation:

Sales 14,600 units at $14.30 (10%Δ)       208,780

Cost of goods sold (unchanged)        <u>   (116,800)   </u>

      Gross profit                                         91,980

S&A expenses; 5% of sales

208,780 x 5% =                                          (10,439)

Depreciation  (unchanged)                    <u>   (14,000)  </u>

Operating profit                                           67,541  

Taxes (30% of operating profit)             <u>    20,262.3  </u>

Aftertax income                                          47,278.7‬

8 0
3 years ago
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