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noname [10]
3 years ago
14

Gardner Machine Shop estimates manufacturing overhead costs for the coming year at $ 302 comma 000$302,000. The manufacturing ov

erhead costs will be allocated based on direct labor hours. Gardner estimates 5 comma 0005,000 direct labor hours for the coming year. In​ January, Gardner completed Job​ A33, which used 5050 machine hours and 2323 direct labor hours. What was the amount of manufacturing overhead allocated to Job​ A33? (Round any intermediate calculations to the nearest​ cent, and your final answer to the nearest​ dollar.) A. $ 3 comma 020$3,020 B. $ 1 comma 389$1,389 C. $ 6 comma 040$6,040 D. $ 4 comma 409$4,409
Business
1 answer:
Ainat [17]3 years ago
8 0

Answer:

$140,309.20

Explanation:

The computation of the manufacturing overhead is shown below:

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

= $302,000 ÷ 5,000 hours

= $60.4

Now we have to find the actual overhead which equals to

= Actual direct labor-hours × predetermined overhead rate

= 2,323 hours × $60.4

= $140,309.20

This is the answer but the same is not provided in the given options

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"A customer has an existing short margin account and wants to write five covered puts against 500 shares of stock that are short
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Answer: 0

Explanation:

From the question, we are informed that a customer has an existing short margin account and wants to write five covered puts against 500 shares of stock that are short in the account.

Based on the above scenario, the margin requirement to write the puts will be zero. This is due to the fact that there is no risk that is attached to the short calls.

8 0
3 years ago
Q 9.26: Crawford Trucking plans to dispose of two trucks in 2018. They sell the first truck on January 2 and the second truck on
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Answer:

Crawford Trucking

Calculation of book value for disposal of two vehicles:

a) The Truck sold on January 2 would not have depreciation expenses computed for it.  The book value on January 1 would be the same on January 2.  It is not practical to compute depreciation expense for 1 day.

b) The Truck sold on July 9 would have depreciation computed for the year 2018 pro rated for six months.  The book value would be less than the Truck sold on January 2.

Explanation:

Depreciation expense may be pro rated depending on the prevailing circumstances.  This becomes necessary because the sold unit may not be fully utilized for the period under review.  Under the matching principle of generally accepted accounting principles, it is imperative to match revenue to the period they were incurred.

5 0
3 years ago
A government bond issued in France has a coupon rate of 5% (paid annually) and a face value of 100 euros, and it matures in 5 ye
Nina [5.8K]

Answer:

Bond Price​= 106.77

Explanation:

Giving the following information:

Face value= 100

Coupon= 100*0.05= 5

Yield To Maturity= 0.035

Years to maturity= 5 years

<u>To calculate the price of the bond, we need to use the following formula:</u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 5*{[1 - (1.035^-5)] / 0.035} + [100/(1.035^5)]

Bond Price​= 22.57 + 84.2

Bond Price​= 106.77

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3 years ago
An investor buys 400 shares of stock in a fund when the net asset value is $23.79 and the offer price is $23.89. The investor
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Answer:

I believe the best answer would be A. $10,580

Explanation:

400 x 23.89 = $9,556. 400 x 50.34 = $20,136

$20,136 - $9,556 = $10,580

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3 years ago
A cross-functional work team is having difficulties in operating smoothly, and friction has developed among some of the members.
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The main problem with this team seems to be centered around differences in the formality of structure.

Cross-functional Work Team

This type of work team happens when individuals or groups of different functions come together to work together towards a common goal. This can either be done by two or more team leads to take the initiative or if there is a certain company project where employees of specific skills are required from different departments to do the job.

Problems with Cross-functional Team

There are certain problems faced when working in cross-functional teams. One of which is time management, where the team must meet up to manage the project and to discuss its further development. In the given question "time orientation" this certainly is not the main problem.

Another important factor is that employee success is based on goals and objectives. In doing so, the individual becomes more focused on their personal goals and loses sight of what is more important to prioritize, which is the company as a whole. Of course, this means that neither the interpersonal nor the goal orientation is the main problem arising between the team.

Finally, when more individuals come together to form a team, there is a chance that there might be dominating personalities in the group. This would cause difficulties among the group unless a leader is determined to manage the team. Now, this is the main problem here, as there is no formality of structure defined. Resulting in the dispute between managers and scientists. To avoid any further dispute formal structure must be laid out and a leader should be appointed amongst them.

Learn more on cross-functional team here: brainly.com/question/1490525

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2 years ago
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