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slamgirl [31]
3 years ago
15

Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two​ departmen

ts: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $ 60 per machine​ hour, while the Sanding Department uses a departmental overhead rate of $ 20 per direct labor hour. Job 603 used the following direct labor hours and machine hours in the two​ departments:
Direct labor hours usedAssembly Department - 8
Sanding Department - 5
Machine hours used
Assembly Department - 10Sanding Department - 7
The cost for direct labor is $32 per direct labor hour and the cost of the direct materials used by Job 603 is $1351.
What was the total cost of Job 603 if James Industries used the departmental overhead rates to allocate manufacturing overhead?
Business
1 answer:
Inessa05 [86]3 years ago
7 0

Answer:

Total cost= $2467

Explanation:

Giving the following information:

The Assembly Department uses a departmental overhead rate of $ 60 per machine​ hour.

The Sanding Department uses a departmental overhead rate of $ 20 per direct labor hour

Direct labor hours used

Assembly Department - 8

Sanding Department - 5

Machine hours used

Assembly Department - 10

Sanding Department - 7

The cost for direct labor is $32 per direct labor hour and the cost of the direct materials used by Job 603 is $1351.

Total cost= direct material + direct labor + MOH

Total cost= 1351 + (13*32) + (60*10 + 20*5)= $2467

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3 0
3 years ago
Given the following information about each economy, either calculate the missing variable or determine that it cannot be calcula
Musya8 [376]

Explanation:

a. Total income formula is:

Y= C+I+G+NX

Y=20.1+3.5+5.2+(-1)

Y= $27.8 billion

b. In closed economies, income is calculated with this formula:

I=Y-C-G

I= 1.5-1-0.8

I= -$0.3 trillion

In open economies, income cannot be calculated because net exports (NX) data is missing.

c. NX is

NX= 576-445-115-81

NX= -$65 billion

NX is exports minus imports, in this case imports are more than exports. To calculate exports you need imports data.

8 0
3 years ago
Michael Co. is a corporation that sells breakfast bars. Based on the accounts listed below, what are Michael's total trade recei
Thepotemich [5.8K]

Answer:

B. $42,000

Explanation:

Trade receivables refers total amounts that customers of a company are owing the company for goods or services sold to them.

For Michael Co., this can be calculated as follows:

Michael's total trade receivables = 3-month note due from Michael's main customer + Due and unpaid from this month's sales + Due and unpaid from last month's sales

Therefore, we have:

Michael's total trade receivables = $12,000 + $19,000 + 11,000 = $42,000.

Therefore, Michael's total trade receivables is $42,000.

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3 years ago
Xbox video game consoles were developed through a joint venture between Microsoft and the WWE (World Wrestling Entertainment). P
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Answer:

The Implementation Phase

Explanation:

A marketing plan refers to a a future course of action relating to marketing tactics a firm is planning to employ and specifies the goals and objectives which are to be achieved. It provides direction and guides marketing efforts in a single direction i.e towards attainment of marketing objectives.

A strategic marketing plan is an in-depth marketing plan which specifies the long term marketing strategies, the markets in which the firm shall compete, the target customers and the means to attain marketing goals.

Such a plan incorporates the following phases:

  1. Analysis : It means situational analyses and assessing organizational strengths and weaknesses and matching them with environmental threats and opportunities.
  2. Planning: This involves conducting marketing research and product testing and also planning for the price, promotion and distribution of products.
  3. Implementation: It refers to putting the plans into action and placing the products in the market based upon the distribution channel and markets planned for in previous stages.
  4. Control: This refers to analyzing sales, profit margins and customer satisfaction. Measuring the deviations against figures as anticipated and making necessary modifications in the marketing strategy accordingly.

In the given case, the video game company had planned well w.r.t it's joint venture and strategy but failed to implement it effectively. This points to the company failing at the implementation phase of the strategic marketing process.

8 0
3 years ago
S) Barkley and James cannot attend training during the exercise. They must attend before 4 May or after 25 May. Identify the con
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Answer:

Revealed by

Explanation:

The revealed by is the concept that is applied in the case when the classification of the derivatives for the new document is inbuilt and get the authorized source for classification into a new document plus the same is to not seen in the source document

Therefore the concept i.e used to determine the classification of derivatives is revealed by concept

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3 years ago
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