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3 years ago

Asteroid Industries accumulated the following cost information for the year:

Business

1 answer:

frez [133]3 years ago

7 0

Answer:

Factory overhead costs = 3000 + 7500 + 11800 = $22,300

Explanation:

Factory overhead costs are the costs that are not directly attributable to the production. This would include all the costs except for the direct materials and direct labor.

the total factory overhead costs would be,

Factory overhead costs = 3000 + 7500 + 11800 = $22,300

These costs are then allocated using the appropriate cost base to all the units produced.

Hope that helps.

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The following labor standards have been established for a particular product:

andrey2020 [161]

Answer:

Results are below.

Explanation:

<u>To calculate the direct labor rate and efficiency variance, we need to use the following formulas:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (17.7 - 17.8)*7,600

Direct labor rate variance= $760 unfavorable

Actual rate= 135,280/7,600= $17.8

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (4*1,800 - 7,600)*17.7

Direct labor time (efficiency) variance= $7,080 unfavorable

4 0

2 years ago

Business schools generally train students to follow ________ decision-making models

tatiyna

<span>Business schools generally train students to follow rational decision-making models.
These types of schools want their students to implement the knowledge they got from their studies into their everyday working lives in the future where they will have to be rational when making certain decisions in the workplace. </span>

8 0

3 years ago

The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported the following information (in thousands):

san4es73 [151]

Answer:

A. 136.2 days

Explanation:

To compute the average days inventory outstanding, first, we have to find out the inventory turnover ratio

Inventory turnover ratio = Cost of goods sold ÷ average inventory

where,

Average inventory = (Opening balance of inventory + ending balance of inventory) ÷ 2

= ($546,745 + $585,764) ÷ 2

= $566,254

And, the cost of good sold is $1,517,397

Now put these values to the above formula

So, the answer would be equal to

= $1,517,397 ÷ $566,254.50

= 2.67 times

Now, Days in inventory = Total number of days in a year ÷ inventory turnover ratio

= 365 days ÷ 2.67 times

= 136.70 days approx

5 0

2 years ago

On September 30, Franz Corporation notices a decline in value of its investment in held-to-maturity bonds that it believes to be

never [62]

Answer:

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

Explanation:

Preparation of the journal entry to record the impairment.

Journal entry

Sep. 30

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

($38,500-$22,980=$15,520)

(To record the impairment)

3 0

3 years ago

Unfortunately, Diana doesn't have enough money in her account right now. She needs to make additional contributions at the end o

Kobotan [32]

Answer: $1,203.49

Explanation:

The equal contributions will be an annuity. The $3,500 already there will also grow at 6% for 3 years. Expression is;

8,000 = ( 3,500 * ( 1 + 6%)^3) + Contribution * Future value interest factor of annuity, 3 years, 6%

8,000 = 4,168.56 + Contribution * 3.1836

Contribution = (8,000 - 4,168.56) / 3.1836

Contribution = $1,203.49

6 0

2 years ago