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
zhannawk [14.2K]
3 years ago
7

Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-ho

urs. The company based its predetermined overhead rate for the current year on 60,000 direct labor-hours, total fixed manufacturing overhead cost of $114,000, and a variable manufacturing overhead rate of $4.90 per direct labor-hour. Required Job X387 was completed and required 170 direct labor-hours. Calculate the amount of overhead applied to Job X387.
Business
1 answer:
o-na [289]3 years ago
7 0

Answer:

Fixed overhead application rate

= <u>Budgeted fixed overhead</u>

  Budgeted direct labour hours

= <u>$114,000</u>

  60,000 hrs

= $1.90 per direct labour hour

Amount of overhead applied to job X387:     $

Variable overhead $4.90 x 170 hours         = 833

Fixed overhead $1.90 x 170 hours               = 323

                                                                            1,156

                                                           

Explanation:

In this case, there is need to calculate the fixed overhead application rate based on direct labour hours by dividing the the budgeted fixed overhead by budgeted direct labour hours. Then, we will calculate the overhead applied to Job X387 by multiplying the fixed and variable application rate by actual direct labour hours of 170 hours.

You might be interested in
_______ has been defined as the process of identifying consumers with similar attributes who are likely to exhibit a similar buy
Hoochie [10]

Global market segmentation has been defined as the process of identifying consumers with similar attributes who are likely to exhibit a similar buying behavior.

<h3><u>Explanation:</u></h3>

The process involved in the identification of a particular segment of customers to sell the products refers to the Global Market Segmentation. Those customers of the groups that has the nature of similar behavior in buying of certain products will be grouped together under this process.

The people in the identified group will have the same purchasing behavior. Thus, when the customers of similar buying behaviors are grouped then the targeting process of the business will become easier. Fir example if you are manufacturing chocolates then it will be easier to target on;ly children and the adults.

8 0
3 years ago
When converting net income to net cash provided (used) by operating activities under the indirect method increases in accounts r
Maurinko [17]

Answer:

Decrease in inventory and increases in accrued liabilities are added.

Explanation:

8 0
3 years ago
The practice of setting the selling price below cost with the intent to drive competitors out of business is: 28) A) target pric
Dmitrij [34]

Answer:

The correct answer is letter "B": predatory pricing.

Explanation:

Predatory pricing refers to companies setting prices below the average level in an attempt to wipe out competition. In the beginning, consumers may benefit from the low prices but after the competition has disappeared, the predatory company raises the prices, but, in this scenario, consumers do not have substitutes from where to choose. The predatory company became a monopoly.

Predatory pricing practices are forbidden by the Federal Trade Commission (FTC) in the U.S.

5 0
3 years ago
If overnight delivery makes you think of FedEx, what marketing strategy caused that association in your mind?
Lubov Fominskaja [6]
I Think it’s direct Mail I hope it helps
8 0
3 years ago
Read 2 more answers
Pleasant Hills Properties is developing a golf course subdivision that includes 225 home lots; 100 lots are golf course lots and
Solnce55 [7]

Answer:

Explanation:

This is a question about allocation based on how much the street frontage will be valued in future. That value will then be allocated to the joint cost to see how much to apportion to Street Frontage now.

The total value of the Street Frontage after development is,

= 125 lots * $70,000

= $8,750,000

The total value of Golf lots are,

= 100 lots * $100,000

= $10,000,000

Adding them up,

= 10,000,000 + 8,750,000

= $18,750,000

This is the total amount of the company could make and therefore the lot's value.

Company incurred the following costs.

= 1,850,000 * 1,450,000

= $3,300,000

The amount of joint costs to be allocated to Street Frontage will be,

= 8,750,000/ 18,750,000 * 3,300,000

= $1,540,000

The amount to allocate to Street Frontage based on the total value of the lot is $1,540,000.

3 0
3 years ago
Other questions:
  • The company responsible for the rely tampon used all of the tactics in marketing its product and in defending itself, except:
    12·1 answer
  • A decrease in the supply of a good can be expected to cause ____ in the equilibrium price of the good and ____ in the equilibriu
    10·1 answer
  • A good way to show your boss that you are dependable is to _____. a. arrive early b. arrive with snacks c. arrive late d. arrive
    15·2 answers
  • On March 1, 2021, Bearcat lends an employee $20,000. The employee signs a note requiring principal and interest at 9% to be paid
    12·1 answer
  • Wildhorse Corp. has total current assets of $12,152,000, current liabilities of $5,849,000, and a quick ratio of 0.94. How much
    6·1 answer
  • Colt Carriage Company offers guided​ horse-drawn carriage rides through historic Charleston comma South Carolina. The carriage b
    13·1 answer
  • A parcel delivery company delivered 103,500 packages last year, when its average employment was 86 drivers. This year the firm h
    8·1 answer
  • To find the net worth of a company, liabilities are subtracted from assets true or false
    7·1 answer
  • What were the three key observations made by darwin that allowed him to deduce that natural selection is a primary driver of evo
    12·1 answer
  • (a) what criteria might chobani use when it seeks markets in new countries and (b) what three or four countries meet these crite
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!