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Brut [27]
3 years ago
13

KRD Supplies Corporation provided the following information for the year:Beginning Balance—Work-in-Process Inventory $24,000Endi

ng Balance—Work-in-Process Inventory 56,000Beginning Balance—Raw Materials Inventory 83,000Ending Balance—Raw Materials Inventory 60,000Purchases—Raw Materials 362,000Direct Labor 470,000Indirect Labor 18,000Depreciation on Factory Plant and Equipment 24,000Plant Utilities and Insurance 272,000What was the amount of the manufacturing overhead costs?
Business
1 answer:
liberstina [14]3 years ago
8 0

Answer:

The amount of the manufacturing overhead costs is $314,000

Explanation:

The computation of the manufacturing overhead cost is shown below:

= Indirect Labor  + Depreciation on Factory Plant and Equipment + Plant Utilities and Insurance

= $18,000 + $24,000 + $272,000

= $314,000

The manufacturing overhead cost includes only indirect costs other than direct costs like direct labor, direct material, etc. Because of this, we do not considered it

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Explain the different management tasks.
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Answer:

planing

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controlling

leading

5 0
3 years ago
You own a house near the beach. Your Home Owners insurance has an annual premium of $1,250. However,since you live only 112 feet
vampirchik [111]

Answer:

1,437.50

Explanation:

6 0
3 years ago
Account analysis, high-low. Luwak Coffees wants to find an equation to estimate monthly utility costs. Luwak has been in busines
Inessa [10]

Question Completion:

See attached.

Answer:

Luwak Coffees

1. Water bill is fixed.  Electricity bill is variable.  Telephone bill is mixed.

2. High-Low method:

Water bill = $120 + 0q

Electricity bill = $0.3q

Telephone bill = $140 + $0.02q

where q = the quantity of each cost consumed.

3. Water bill = $120 + 0q

Electricity bill = $0.3q

Telephone bill = $140 + $0.02q

= $260 + $0.32q

4. No solution.  There is no relationship with machine hours, employees, and units with utility bills.

Explanation:

a) Data and Calculations:

Month           Electricity Bill    Kilowatt Hours Used

January            $ 720                       2,400        

February          $ 840                       2,800

March             $1,098                       3,660

April                  $ 810                       2,700

May                 $1,176                       3,920

June               $1,248                       4,160

July                $1,044                       3,480

August           $1,194                       3,980

September   $1,260                       4,200

October        $1,230                       4,100

November    $1,188                        3,960

December  $1,266                        4,220

Telephone Bill $184.

Low cost = Jan  $ 720                2,400

High cost = December  $1,266         4,220

High cost = December  $1,266         4,220

Low cost = Jan                $ 720         2,400

Difference =                     $546         1,820

Variable cost per unit = $546/1,820 = $0.3 per kwh

Fixed cost, using December's figures:

Variable cost = $1,266

Fixed cost = $0 ($1,266 - 4,220 * $0.3)

Telephone bill:

High, June $197.60     2,880

Low, April     178.20      1,960

Difference $18.40        920

Variable cost = $18.40/920 = $0.02

Fixed cost = Total cost - Variable cost

= $197.60 - (2,880 * $0.02)

= $140

Download docx
4 0
3 years ago
Three things that Improve human capital
elixir [45]
Three ways to improve human capital are education and training, monitoring performance, and hiring qualified people.
6 0
3 years ago
Use the following items to determine the toata assets ,total liabilities , net worth , total cash inflows and total cash outflow
kicyunya [14]

Answer:

Determining the total assets, total liabilities, net worth, total cash inflows, and total cash outflows:

1. Total assets

Cash in checking account         $ 450

Savings account balance        $ 1,890  

Current value of automobile  $8,800  

Household possessions           3,400

Video equipment                  $ 2,350

Personal computer               $ 1,200

Value of stock investment        860

Total assets                         $18,950

2. Total liabilities

Rent for the month              $ 650

Balance of educational loan 2,160

Credit card balance             $ 235

Total liabilities                  $3,045

3. Net worth

Total assets                      $18,950

Total liabilities                   ($3,045)

Net worth                        $15,905

4. Total cash inflows

Monthly take-home salary $ 2,185

5. Total cash outflows

Spending for food                  $ 345

Telephone bill paid for month    65

Loan payment                             80

Auto insurance                     $ 230  

Payment for electricity               90

Lunches/parking at work     $ 180

Donations                                160  

Clothing purchase               $ 110

Restaurant spending             130

Total cash outflows         $1,390

Explanation:

a) Data and Calculations:

Rent for the month $ 650

Monthly take-home salary$ 2,185

Spending for food $ 345

Cash in checking account$ 450

Savings account balance $ 1,890

Balance of educational loan 2,160

Current value of automobile $8,800

Telephone bill paid for month 65

Credit card balance $ 235

Loan payment 80

Auto insurance $ 230

Household possessions 3,400

Video equipment $ 2,350

Payment for electricity 90

Lunches/parking at work $ 180

Donations 160

Personal computer $ 1,200

Value of stock investment 860

Clothing purchase $ 110

Restaurant spending 130

3 0
2 years ago
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