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Nataliya [291]
3 years ago
7

Likes Incorporated makes a single product—a cooling coil used in commercial refrigerators. The company has a standard cost syste

m in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Total budgeted manufacturing overhead $ 495,040 Budgeted production (a) 35,000 units Standard hours per unit (b) 1.70 machine-hours Budgeted hours (a) × (b) 59,500 machine-hours Applying Overhead: Actual production (a) 30,000 units Standard hours per unit (b) 1.70 machine-hours Standard hours allowed for the actual production (a) × (b) 51,000 machine-hours Total actual manufacturing overhead $ 498,000 Actual hours 52,000 machine-hours The total amount of manufacturing overhead applied is closest to:
Business
1 answer:
xz_007 [3.2K]3 years ago
3 0

Answer:

Applied overhead = $424,320

Explanation:

Overheads are applied using the predetermined overhead absorption rate (POAR).

T<em>he applied overhead = POAR × standard machine hours allowed for actual actual output.</em>

POAR = Budgeted overheads/Budgeted machine hours

OAR=  $ 495,040 /59,500

        =$8.32

Overhead applied = 8.32  × 30,000× 1,70= 424,320

Applied overhead = $424,320

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If the Japanese yen–U.S. dollar exchange rate is ¥104.30/$, and it takes 25.15 Thai bahts to purchase 1 dollar, what is the yen
S_A_V [24]

Answer:

4.15 Yen per 1 Thai bahts

Explanation:

Given a Yen (Y) to USD ($) Price of 104.30, and a Thai bahts (T) to USD price of 25.15. We derived the following.

\frac{Y}{USD} = 104.30

\frac{T}{USD} = 25.15

USD to Thai bahts = \frac{USD}{T} =\frac{1}{25.15}

Therefore, Yen to baht = \frac{Y}{USD} *\frac{USD}{T}

= 104.30 * \frac{1}{25.15}

= 104.30/25.15

= 4.15 Yen per Thai bahts

6 0
4 years ago
LO 3.2A company sells its products for $80 per unit and has per-unit variable costs of $30. What is the contribution margin per
slavikrds [6]

Answer:

$50

Explanation:

The contribution margin per unit of any company's product  can be calculated using the following formula:

Contribution margin per unit=Sale price per unit- Variable cost per unit

In this question

Sale price per unit=$80

Variable cost per unit=$30

Contribution margin per unit=80-30

                                            =$50

8 0
4 years ago
What is true of the traditional project management approach concerning project scope and technology? (You may select more than o
user100 [1]

Traditional project management relies heavily on up-front planning and traditional project management requires that project scope and technology are predictable is true of the traditional project management approach concerning project scope and technology.

Task management is the method of main the paintings of a group to achieve all assignment dreams within the given constraints. This data is normally defined in venture documentation, created at the start of the development technique. The primary constraints are scope, time, and budget.

Challenge control can be described as the area of making use of particular methods and concepts to initiate, plan, execute and control the manner that new projects or adjustments are applied within an organization.

Learn more about project management here:brainly.com/question/16927451
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5 0
1 year ago
The Fine Point Company currently produces all of the components for its one product, an electric pencil sharpener. The unit cost
Flauer [41]

Answer:

$4.15.

Explanation:

The relevant to use in reaching the decision can be computed as follows:

Relevant cost = Direct materials + Direct labor + Variable overhead = $1.75  + $1.65  + $0.75 = $4.15.

Therefore, the relevant cost of manufacturing the motor to be considered in reaching the decision is $4.15.

3 0
3 years ago
Crane Company estimates that variable costs will be 55.00% of sales, and fixed costs will total $702,000. The selling price of t
Alisiya [41]

Answer and Explanation:

The computation is shown below;

The Variable cost is

= 55% of $4

=$2.2

Now

Contribution margin per unit

= Sale - Variable cost

= $4  - $2.2

= $1.8 per unit

a.Breakeven point is

= Fixed cost ÷ Contribution margin

In units

= ($702,000 ÷ $1.8)

= 390,000 units

in dollars = (390,000 × $4)

= $1,560,000

b.Margin of safety = Total sales - Breakeven sales

In dollars  = ($2,000,000 - $1,560,000)

= $440,000

Margin of safety ratio  =Margin of safety ÷ Total sales

= ($440,000 ÷ $2,000,000)

= 22%

4 0
3 years ago
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