Ask question

Ask question

All categories

mr Goodwill [35]

4 years ago

11

Three Bears Manufacturing produces an autominus quartz watch movement called OM362. Three Bears expects to sell 20,000 units of

OM362 and to have an ending finished inventory of 7,000 units. Currently, it has a beginning finished inventory of 1,200 units. Each unit of OM362 requires two labor operations, three labor hour(s) of assembling and three labor hour(s) of polishing. The direct labor rate for assembling is $14 per assembling hour and the direct labor rate for polishing is $17.50 per polishing hour. The expected cost of direct labor for OM362 is ________.A.$1,674,750
B.$1,567,500
C.$2,037,750
D.$ 2145000

1 answer:

slava [35]4 years ago

7 0

Answer:

None of the choices given. The correct answer is $2438100

The expected cost of direct labor for OM362 = $2438100

Explanation:

Three Bears Manufacturing

First we find the number of units produced.

Sales + Finished Goods Ending Inventory - Finished Goods Beginning Inventory = Production

20,000+7,000- 1,200 units = 25800 units

Then we find the number of hours required per unit.

Assembling Hours Required = 3* 25800 units= 77400 hours

Polishing Hours Required = 3* 25800 units=77400 hours

Now we calculate the direct labor cost both for assembling and polishing

Direct labor rate for assembling is $14 per assembling hour.

Direct labor cost for assembling = $14*77400 hours= $ 1083600

Direct labor rate for polishing is $17.50 per polishing hour

Direct labor cost for polishing = $17.50* 77400 hours= $ 1354500

And then we add the figures to get the total cost.

The expected cost of direct labor for OM362 = Direct labor cost for assembling +Direct labor cost for polishing

The expected cost of direct labor for OM362 = $ 1083600 +$ 1354500

The expected cost of direct labor for OM362 = $2438100

You might be interested in

¿Qué nuevos productos puede incluir un restaurante en su oferta? ¿Por qué?

PtichkaEL [24]

Answer:it is d

Explanation:

5 0

3 years ago

The report that compares actual performance and budgeted performance based on actual activity level is called a ______ budget pe

Gnesinka [82]

Actual budget performance report compares actual performance and budgeted performance based on actual activity level.

<h3>What is a budget?</h3>

A budget serves as a term that describes how to place our needs on our income, it is a way to balance our expenses and income.

Actual budget performance report gives room to

compares actual performance and budgeted performance based on actual activity level.

Learn more about budget at:

brainly.com/question/6663636

3 0

2 years ago

The journal entry to record the use of utilities in a factory could include which two of the following: (You may select more tha

evablogger [386]

Answer:

The correct options are:

A. Debit to Factory Overhead

D. Credit to Factory Utilities Payable

Explanation:

The debit entry of the use of utilities in a factory would be recorded in factory overhead since cost of utilities is a not a direct factory cost.

However, the corresponding credit would be in the factory utilities payable as an obligation awaiting payment to be made to the supplier of the service being enjoyed by the factory in order to run on daily basis

6 0

3 years ago

Read 2 more answers

Meir, Benson and Lau are partners and share income and loss in a 3:2:5 ratio. The partnership's capital balances are as follows:

sertanlavr [38]

Answer:

Journal Entry

a) Debit Capital- Benson $138,000 Credit Capital-North $138,000

b) Debit Capital- Benson $138,000 Credit Capital-Schmidt $138,000

c) Debit Capital-Benson $138,000 Credit Bank $138,000

d) Debit Capital-Benson $138,000 Debit Capital-Meir $28,500 Debit Capital-Lau $47,500 Credit Bank $214,000

e) Debit Capital-Benson $138,000 Debit Accumulated Depreciation $23,000 Credit Cash $30,000 Credit Equipment $70,000 Credit Capital-Meir $22,875 Credit Capital-Lau $38,125

Explanation:

a and b are the same with the same amount of capital transferred from one partner to another partner, it is just a matter of derecognizing Benson and recognize North or Schmidt.

c) Partner Benson is paid cash her capital,

d) decrease in meir's Capital = 214,000-138,000 = 76,000*3/8= $28,500

Decrease in Lau's Capital Account = $76,000 5/8 = 47,500

Excess funds are taken from capitals or income summary account of the partnership which will affect the capitals of the remaining partners

e) Meir's Capital = $138,000 -(70,000-23,000+30,000)

= $138,000-77,000

= $61,000*3/8 =$22,875

Lau = $61,000*5/8 =38,125

The Capital Accounts of the remaining partners will increase because of the gain made on buying out the leaving partner.

8 0

4 years ago

a boy is three years younger than his sister. two years ago he was two-thirds of his sister's age. what are their present ages

padilas [110]

Answer:

The boy: 8 years old

The sister: 11 years old

Explanation:

We assume that the age at present of the boy is x (years old).

As he is younger than his sister 3 years, so that his sister's present age is great than x 3 years

=> Her present age is: x + 3 (years old)

Two years ago, the boy is younger than present two years

=> The boy's age two years ago is: x - 2 (years old)

Similarly, the sister's age two years ago is: (x+3)-2 = x + 1 (years old)

As given, two years ago he was two-thirds of his sister's age, so that we have:

<em>The boy's age two years ago = </em> $\frac{2}{3}$ <em> × the sister's age two years ago</em>

⇒ $x - 2 = \frac{2}{3}(x+1)$

⇒ $x - 2 = \frac{2}{3}x + \frac{2}{3}$

⇒ $x - \frac{2}{3}x = \frac{2}{3} + 2$

⇒ $\frac{1}{3} x = \frac{8}{3}$

⇒ $x = \frac{8}{3}. 3 = 8$

=> x + 3 = 8 + 3 = 11

So the present age of the boy is 8 years old, of the sister is 11 years old

5 0

3 years ago