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
chubhunter [2.5K]
2 years ago
13

Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to

jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K. In establishing the predetermined overhead rates for 2017, the following estimates were made for the year. Department D E K
Manufacturing overhead $1,197,000 $1,500,000 $720,000
Direct labor costs $1,496,250 $1,250,000 $450,000
Direct labor hours 100,000 125,000 40,000
Machine hours 400,000 500,000 120,000
During January, the job cost sheets showed the following costs and production data.
Department D E K
Direct materials used $140,000 $126,000 $78,000
Direct labor costs $120,000 $110,000 $37,500
Manufacturing overhead incurred $99,000 $124,000 $79,000
Direct labor hours 8,000 11,000 3,500
Machine hours 34,000 45,000 10,450
Compute the predetermined overhead rate for each department. (Round answers to 2 decimal places, e.g. 10.25.)
Business
1 answer:
Juliette [100K]2 years ago
6 0

Answer:

Results are below.

Explanation:

<u>To calculate the predetermined overhead rate, we need to use the following formula on each department:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

<u>Department D:</u>

Predetermined manufacturing overhead rate= 1,197,000 / 1,496,250

Predetermined manufacturing overhead rate= $0.8 per direct labor dollar

<u>Department E:</u>

Predetermined manufacturing overhead rate= 1,500,000 / 125,000

Predetermined manufacturing overhead rate= $12 per direct labor hour

<u>Department K:</u>

Predetermined manufacturing overhead rate= 720,000 / 120,000

Predetermined manufacturing overhead rate= $6 per machine hour

You might be interested in
The loan period does not affect the total cost of the loan. true or false
almond37 [142]
This statement is false. The loan period does get to affect the total cost of the loan. Loans tend to have an annual percentage rate applied to it when you had it. It is a term used to refer the interest rate of the loan you had acquired.
3 0
3 years ago
Read 2 more answers
In lean operations, input resources arrive for processing only after the preceding batch has been completed. question 10 options
JulijaS [17]
The correct answer would be TRUE, In lean operations, input resources arrive for processing only after the preceding batch has been completed.
6 0
2 years ago
If a contract involves a significant financing component:____________.
Pavel [41]

Answer:

The time value of money is used to determine the fair value of the transaction ( B )

Explanation:

If a contract involves a significant financing component the time value of money is used to determine the fair value of the transaction and this is because the time value of money states that the money at hand ( available money ) is worth more than the identical sum of money in the future due to the earning capacity of the money.

therefore a contract involving a significant financing component ( present monetary component ) would have its fair value determined by the time value of money

7 0
3 years ago
Read 2 more answers
Suppose that Dillon derives 40 utils of total utility from eating 5 hotdogs and 42 utils of total utility from eating 6 hotdogs.
gavmur [86]

Answer: The marginal utility is 2

Explanation:

Utility is the satisfaction derived from the consumption of a particular commodity. Total utility is the total satisfaction derived from the consumption of a particular commodity. Marginal utility is the extra satisfaction that a consumer gets from consuming a product. Utility is measured in utils.

Marginal utility increases with an extra consumption of a good at first but later it begins to reduce as the extra good consumed doesn't really have give the consumer enough satisfaction anymore.

Regarding the question, eating 5 hotdogs gives 40 utils and eating 6 hotdogs gives 42 utils.

The marginal utility is the extra utils which will be 42-40 which gives 2 utils.

3 0
2 years ago
To complete your degree and then go through graduate school, you will need $95,000 at end of each of the next 8 years. Your Aunt
VARVARA [1.3K]

Answer:

PMT = $95,000

Rate = 4%

Life = 8 years

a. Amount to be deposited today

= PV(Rate, N, -PMT)

= PV(4%, 8, -95,000)

= $639,610.76

b. Amount in account after 3rd withdrawal

= PV(Rate, N, -PMT)

= PV(4%, 5, -95,000)

= $422,913.12

c. Balance in account after 8th withdrawal

= = PV(Rate, N, -PMT)

= PV(4%, 0, -95,000)

= $0

d. How much would you have at the end of 8 years?

= FV(4%, 8, -639610.76)

= $875,351.49

5 0
3 years ago
Other questions:
  • In supplier selection, the main idea is to find the highest-quality materials available.
    10·1 answer
  • How can i cancel my subscription here?
    6·1 answer
  • There are 88 members on a board of directors. if they must form a subcommittee of 55 ?members, how many different subcommittees
    12·1 answer
  • A customer pays a purchase price of $1,375 for a bond. This purchase price could also be referred to as​
    8·1 answer
  • Many economists argue that, in the long run, the economy self-corrects and achieves full employment. What is this argument calle
    9·1 answer
  • A nonbottleneck worker currently has an idle time of 20 seconds per unit. Because of the large demand, the company improves the
    10·1 answer
  • A car is driven 15Km East for 12minutes before the road changes. The car is then driven south for 18minute​
    12·1 answer
  • The ideal measure of short-term receivables is the discounted value of the cash to be received in the future. Failure to follow
    6·1 answer
  • A+b+c=4<br> aa+bb+cc=10<br> aaa+bbb+ccc=22<br> aaaa+bbbb+cccc=???
    5·1 answer
  • Breastfeeding support in the workplace: The relationships among breastfeeding support, work-life balance, and job satisfaction.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!