Give three examples of non price competition.

Lakeside, Inc. estimated manufacturing overhead costs for the year at $371,000, based on 180,000 estimated direct labor hours

Anna71 [15]

Answer:

D.$400 over allocated

Explanation:

For computing the over-allocated or under-allocated amount, first, we have to determine the predetermined overhead rate which is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $371,000 ÷ 180,000 hours

= $2.06

Now we have to find the actual overhead which equals to

= Actual direct labor-hours × predetermined overhead rate

= 190,000 hours × $2.06

= $391,400

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $391,000 - $391,400

= $400 over - applied

7 0

3 years ago

Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 30,000 units follow

AnnyKZ [126]

Answer:

1. Variable cost per unit = $150

2. Markup percentage = 34.89%

3. Selling price = $202.33

Explanation:

Variable cost per unit = 70+40+25+15= $150

Fixed cost = 670,000+ 305,000 +285,000= $1,260,000

Fixed cost per unit = 1,260,000/30,000= $42

Profit per unit = Targeted profit

Targeted production unit

= $310,000 =$10.33

30,000

Markup percenge = Fixed cost per unit + profit per unit

Variable cost per unit

=$42+ $10.33 = 52.33 * 100 = 34.89%

$150 $150 1

Selling Price = Variable cost per unit + markup

= $150+$42+$10.33

= $202.33

Variable cost-plus pricing is calculated by determining variable costs per unit and adding mark-up which will cover fixed costs per unit and generate a targeted profit margin.

3 0

3 years ago

Read 2 more answers

Invertebrates have a (an) ____ which provides a support framework.

andrew11 [14]

Invertebrates is the largest group in the animal kingdom. 97 percent of all animals are invertebrates. Their main characteristic is that they do not have backbones.
Invertebrates have an exoskeleton which provides a support framework.Exoskeleton is an external anatomical feature that supports and protects the animal's body.

8 0

3 years ago

A cash payment received from a customer for a product purchased on account would be recorded as...

photoshop1234 [79]

A cash payment received from a customer for a product purchased on account would be recorded as DEBIT TO CASH AND CREDIT TO ACCOUNT RECEIVABLE. Cash is debited because cash has been received by the company and it has to be debited to the asset account of cash. The account receivable is credited to record the fact that money has been received.

8 0

3 years ago

The day after you said goodbye

TiliK225 [7]

We went for a drive, 2:30 in the morning
I kissed you, it was pouring
We held each other tight before the night was over
You looked over your shoulder
Oh, I was doing fine
You said, "Remember that night?
Remember that night?"
Oh, I was doing fine
You said, "Remember that night?
Remember that night?"

8 0

3 years ago

Read 2 more answers