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
alex41 [277]
3 years ago
11

CakeCo, Inc. has three operating departments. Information about these departments is listed below. Maintenance is service depart

ment at CakeCo that incurred $12,000 of costs during the period. If allocated maintenance cost is based on floor space occupied by each of the operating departments, compute the amount of maintenance cost allocated to the Baking Department
Business
1 answer:
trasher [3.6K]3 years ago
3 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Maintenance is the service department at CakeCo that incurred $12,000 of costs during the period. Overhead gets allocated based on floor space occupied by each of the operating departments.

<u>We don't have enough information to calculate the allocated overhead, but, I can leave the formulas and a small example to help with an answer</u>.

For example:

Total floor space= 10,000 square foot.

Baking department= 3,000 sq.

First, we need to calculate the estimated overhead rate:

To calculate the estimated manufacturing overhead rate we need to use the following formula:

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

Estimated manufacturing overhead rate= 12,000/10,000= $1.2 per square foot.

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 1.2*3,000= $3,600

You might be interested in
On January 1, 2021, American Corporation purchased 25% of the outstanding voting shares of Short Supplies common stock for $210,
Usimov [2.4K]

Answer:

"$224,000" is the correct solution.

Explanation:

The given values are:

Corporation purchased percentage,

= 25%

Original investment,

= $210,000

Short's net income,

= $80,000

Paid cash dividend,

= $24,000

Now,

The share of net income will be:

= 25 \ percent\times 80,000

= 0.25\times 80000

= 20,000 ($)

The cash dividend will be:

= 25 \ percent\times 24,000

= 0.25\times 24,000

= 6,000 ($)

hence,

On December 31, 2021, the balance will be:

= Original \ investment+Net \ income \ share+Cash \ dividend

= 210,000+20,000+6,000

= 230,000-6,000

= 224,000 ($)

6 0
2 years ago
List 5 factors that ​you ​would be looking for when buying a used car.
julia-pushkina [17]

Answer:

Price, Speed, Gas type, Quality, and Reliability

Explanation:

4 0
3 years ago
When buying highly technical, few-of-a-kind products such as hydroelectric power plants, governments have found that general con
Lubov Fominskaja [6]

Answer:

Cost-plus-fixed-fee pricing

Explanation:

Cost-plus-fixed-fee pricing is when the contractor specifies the expenses of a project and a fixed fee for the services that provides which allows the contractor to earn a profit. In this type of pricing, the overall cost of the project  is determined at the end and all the authorized costs are paid to the contractor in full. According to this, the answer is that these contractors use cost-plus-fixed-fee pricing to compensate them for any cost overruns.

7 0
3 years ago
Go follow my meme page on Insta gram please I just started it
Roman55 [17]

Answer:

. ...........

Thank you

7 0
3 years ago
Read 2 more answers
Complete the statement about the compound interest expression.
Misha Larkins [42]

Answer:

The answer is "A"

Explanation:

Cumulative interests are counted by one plus the annual interest rate adjusted to the cumulative periods of less than one. The first principal sum is determined by one. The cumulative sum of the initial loan is then deducted from the calculation.

Formula:

A= \ p (1+ \frac{r}{n})^{nt} \\\\\ Where,\\ \\ A =  \ annual \ interest\\P = \ principal\\t= time\\r= rate

That's why we apply the above formula to calculate the annual interest rate.

5 0
3 years ago
Other questions:
  • The one-to-one property of natural logarithms states that if ln x = ln y, then
    10·1 answer
  • Which of the following would result if the business purchased supplies on credit? A)Supplies would increase, and Cash would decr
    8·1 answer
  • Changing compounding frequency Using annual, semiannual, and quarterly compounding periods for each of the following, (1) calcul
    6·1 answer
  • A law firm, Morris &amp; Morris, accumulates costs associated with individual cases using a job order cost system. On August 5,
    13·1 answer
  • The production budget shows expected unit sales are 100,000. The required production units are 104,000. What are the beginning a
    11·1 answer
  • Janice is spending the summer working as an intern writing copy for a local firm. Today Janice's senior editor sent back some of
    12·1 answer
  • Suppose that a project has a depreciable investment of $600,000 and falls under the following accelerated depreciation schedule
    8·1 answer
  • why it is so difficult to compare unemployment rates in the United States with unemployment rates in poorer countries?
    8·1 answer
  • bledsoe Corporation has provided the following data for the month of November: Inventories: Beginning Ending Raw materials $ 26,
    6·1 answer
  • to prepare for a career in business communication, you need to become competent in which areas? (choose every correct answer.)
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!