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
Elenna [48]
3 years ago
10

Ogan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year

, it estimated that 40,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $466,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Logan's actual manufacturing overhead for the year was $713,400 and its actual total direct labor was 41,000 hours.
Required:
Compute the company's pre-determined overhead rate for the year.
Business
1 answer:
Radda [10]3 years ago
5 0

Answer:

Predetermined manufacturing overhead rate= $14.65 per direct labor hour

Explanation:

Giving the following information:

Estimated direct labor hours= 40,000

Estimated fixed overhead= $466,000

Estimated variable overhead rate= $3.00 per direct labor-hour.

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

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

Predetermined manufacturing overhead rate= (466,000/40,000) + 3

Predetermined manufacturing overhead rate= $14.65 per direct labor hour

You might be interested in
The existence of conflict has a positive side which can stimulate the following EXCEPT FOR:_________.
DedPeter [7]

Answer:

B) complacency.

Explanation:

Conflict can be defined as a state of misunderstanding or disagreement between two or more parties, as a result of breakdown in decision making. It is usually caused by factors such as dissent of beliefs, opinions, needs, values, resources, attitudes, ideologies, goals etc. It is generally perceived that conflict usually has a negative consequence.

However, the existence of conflict has a positive side which can stimulate the following innovation, change, creativity but not complacency because it connotes a negative effect of unsatisfaction.

7 0
3 years ago
Interest rates on 4-year Treasury securities are currently 6.05%, while 6-year Treasury securities yield 7.6%. If the pure expec
a_sh-v [17]

Answer:

2 year yield 4 years from now 37.99%

Explanation:

given data

Interest rates r1 = 6.05% = 0.0605

Interest rates r2 = 7.6% = 0.0760

to find out

2 year  yielding 4 years from now

solution

we find here  2 year securities will be yielding 4 years from now by as

2 year yield 4 years from now = \frac{(1+r2)^{t2}}{[(1+r1)^{t1}]^{0.5}} - 1

put here value we get

2 year yield 4 years from now = \frac{(1+0.0760)^6}{[(1+0.0605)^4]^{0.5}} - 1

2 year yield 4 years from now = 1.379915 - 1

2 year yield 4 years from now = .379915

so 2 year yield 4 years from now 37.99%

5 0
3 years ago
Assume that at the end of 2018, Clampett, Inc. (an S corporation) distributes long-term capital gain property (fair market value
boyakko [2]

Answer: Income J. D. recognize as a result of the distribution: $45000

Explanation:

First we'll compute the share of gain on distribution,

Share of the gain on the distribution =  $40,000 - $25,000

i.e. $15,000

Now , we'll add the increase in basis from gain from property distribution,

i.e. ($15,000 original basis + $15,000 increase in basis from gain from property distribution)

So income to be recognized :3000+15000 = $ 45000

6 0
3 years ago
Read 2 more answers
In order to receive payment from the recovery fund in Illinois, the suit against the alleged violator must be filed within how m
Norma-Jean [14]

Answer:

2 years

Explanation:

According to the PROFESSIONS, OCCUPATIONS, AND BUSINESS OPERATIONS 225 ILCS 454/20-90, it is stated that "No action for a judgment that subsequently results in a post-judgment order for collection from the Real Estate Recovery Fund shall be started later than 2 years after the date on which the aggrieved person knew, or through the use of reasonable diligence should have known, of the acts or omissions giving rise to a right of recovery from the Real Estate Recovery Fund." Therefore in order to receive payment the suit must be filed within 2 years of the violation's occurrence.

8 0
3 years ago
Sanchez Company's output for the current period was assigned a $419,000 standard direct labor cost. The direct labor variances i
skad [1K]

Answer:

the actual total direct labor cost for the current period is $425,285

Explanation:

<u>Reconciling Standard Cost to Actual Cost</u>

Standard Cost                                                          $419,000

<em>Add</em> Unfavorable direct labor rate variance             $10,475

<em>Less</em> Favorable direct labor efficiency variance       ($4,190)

Actual Cost                                                               $425,285

3 0
3 years ago
Other questions:
  • Jan gets a good score of 85 percent on her test, but when talking to her friends, she learns that two people in her class of 45
    11·1 answer
  • Today's business environment changes so rapidly that strategic planning is becoming more difficult and subject to change.
    14·1 answer
  • Ortiz Co. produces 5,000 units of part A12E. The following costs were incurred for that level of production: Direct materials $
    8·2 answers
  • Gina was recently At Panther Lighting Fixtures, employees were asked how the quality of the company's customer service could bes
    13·1 answer
  • What is the cost of goods sold given the following information? Beginning Work in Process 125,000 Beginning Finished Goods 78,00
    14·1 answer
  • The quantity demanded of Blu-ray players increased 9% when the price of DVDs increased 5%. What is the estimated cross-price ela
    13·1 answer
  • What would happen to the U.S. demand-for-pounds curve of British textiles became fashionable in the United States
    14·1 answer
  • When a consumer makes a purchase of a particular product...
    12·1 answer
  • Finished goods ______. Multiple choice question. is the same as cost of goods manufactured consists of completed, unsold goods c
    6·1 answer
  • a product may be a tangible physical good or a service, or an intangible offering involving a deed, performance, or effort. to b
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!