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
erma4kov [3.2K]
3 years ago
7

Jones Company applies overhead based on direct labor hours. At beginning of the year, Jones estimates overhead to be $480,000, m

achine hours to be 120,000, and direct labor hours to be 80,000. During January, Jones has 6,700 direct labor hours and 11,000 machine hours. What is the predetermined overhead rate?
a. $6 per direct labor hour
b. $40.200
C.$4 per machine hour
d.$44,000
e. none of these 10.
Business
2 answers:
const2013 [10]3 years ago
5 0

Answer:

The predetermined overhead rate is a. $6 per direct labor hour

Explanation:

Overheads are included in the Product cost at Budgeted Rate multiplied by Actual Activity. This is normally known as application of Manufacturing Overhead.

Budgeted Rate is also known as Predetermined Overheads rate and is calculated as follows:

<em>Total Budgeted Overhead Cost / Total Budgeted Activity</em>

Note that Jones Company applies overhead based on direct labor hours. Thus the Budgeted Activity is Estimated direct labor hours

Thus Predetermined Overheads rate = $480,000/ 80,000

                                                              = $ 6 per direct labor hour

Ostrovityanka [42]3 years ago
3 0

Answer:

a. $6 per direct labor hour

Explanation:

Predetermined overhead rate is calculated by dividing the Expected overhead by the Expected level of activity on which the overhead is applied. It is a rate at which the overhead is applied to a product / project/ department.

Predetermined overhead rate = Expected overhead / Expected activity

Predetermined overhead rate = Expected overhead / Expected direct labor hours

Predetermined overhead rate = $480,000 / 80,000

Predetermined overhead rate = $6 per direct labor hour

You might be interested in
Because poor people areless likely to have __________ adequate healthcare, guaranteeing everyone in society the best healthcare
11Alexandr11 [23.1K]

Answer:

attached

Explanation:

3 0
3 years ago
Read 2 more answers
Calin Corporation has total current assets of $617,000, total current liabilities of $233,000, total stockholders’ equity of $1,
Otrada [13]

Answer:

Working capital = Current assets - Current liabilities

                          = $617,000 - $233,000

                          = $384,000

Explanation:

Working capital refers to current assets minus current liabilities. It is the capital available for day to day running of a business.

7 0
3 years ago
Read 2 more answers
When empty, the bladder is much smaller than when it is full. since the bladder must be able to stretch and expand as it fills,
Dmitry_Shevchenko [17]
Transitional epithelium

<span>Transitional epithelium is a tissue made of many layers of epithelial cells that can expand when filled with fluid or contract when there's a lack of fluid. It is thus 'transitional' since it does not have a fixed shape of form. When the bladder is full, the t</span>ransitional epithelium lining it expands to contain urine. Whereas, when the bladder is empty, the transitional epithelium lining contracts and flattens in shape.
8 0
3 years ago
Analyzing and Reporting Financial Statement Effects of Transactions M.E. Carter launched Carter Company, a professional services
valentinak56 [21]

Answer:

See explanation section

Explanation:

See the image below to get the answer:

7 0
4 years ago
To obtain a change of the zoning for a particular property, for example, from residential to commercial, a property owner would
FrozenT [24]

Answer: Zoning Map Amendment?

Explanation:

Zoning Map Amendment is an official document showing that there is a change in the way the land or property is divided into zones within a district and also the way it is being used either for industrial, residential or business purpose.

It is also known as Rezoning, this process can only begin if requested by town council, town manager or the owner of the property, this is done through application which has to be submitted 30days ahead to the committee meeting.

7 0
3 years ago
Other questions:
  • Diane initially deposited $12,500 into a money market account and made no additional deposits or withdrawals. When she closed th
    13·2 answers
  • Prizm and esris tapestry are two of the most widely used tools for _______ segmentation.
    9·1 answer
  • Curtis invests $250,000 in a city of Athens bond that pays 7 percent interest. Alternatively, Curtis could have invested the $25
    11·2 answers
  • Precision Cuts has a target debt-equity ratio of 0.55. Its cost of equity is 15.4 percent, and its pretax cost of debt is 7.8 pe
    15·1 answer
  • Committee chair Bill led a discussion with the rest of his committee about a club matter, then called for a vote. Since the comm
    9·1 answer
  • Write any four advantages of living in a community<br><br>​
    8·1 answer
  • Management is considering using a new component that would increase the unit variable cost by $50. Since the new component would
    15·1 answer
  • What is dimensional equation​
    15·1 answer
  • Cooper Company has an average demand of 50 units per day. Lead time from the supplier averages 20 days. The combined standard de
    9·1 answer
  • A trading company acts like a ______, taking on much of the responsibility of finding markets while facilitating all marketing a
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!