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
Orlov [11]
3 years ago
13

Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Dire

ct labor-hours required to support estimated production 140,000 Machine-hours required to support estimated production 70,000 Fixed manufacturing overhead cost $ 784,000 Variable manufacturing overhead cost per direct labor-hour $ 2.00 Variable manufacturing overhead cost per machine-hour $ 4.00 During the year, Job 550 was started and completed. The following information is available with respect to this job: Direct materials $ 175 Direct labor cost $ 225 Direct labor-hours 15 Machine-hours 5
Business
1 answer:
victus00 [196]3 years ago
6 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Direct labor-hours= 140,000

Machine-hours= 70,000

Fixed manufacturing overhead cost $ 784,000

Variable manufacturing overhead cost per direct labor-hour $ 2.00

Variable manufacturing overhead cost per machine hour $ 4.00

Job 550;

Direct materials $ 175

Direct labor cost $ 225

Direct labor-hours 15

Machine-hours 5

We need to calculate the total cost of Job 550. First, we need to calculate the predetermined overhead rate:

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

<u>Based on direct labor hour:</u>

Estimated manufacturing overhead rate= 784,000/140,000= $5.6 per direct labor hour

<u>Based on machine hour:</u>

Estimated manufacturing overhead rate= 784,000/70,000= $11.2

Now, we can calculate the total cost:

Total cost= direct material + direct labor + allocated overhead

<u>Based on direct labor hour:</u>

Total cost= 175 + 225 + 5.6*15= $484

<u>Based on machine hours:</u>

Total cost= 175 + 225 + 11.2*5= $456

You might be interested in
4 1/2 + 5 1/2 help fast!!!!!!!!!!!!!!!!!!!!!!!!
Trava [24]

Answer:

10

Explanation:

just add your welcome

6 0
2 years ago
Read 2 more answers
Health Maintenance Organizations (HMOs) are MOST LIKELY associated with which of these types of insurance? A) life insurance B)
sleet_krkn [62]

Answer:

.

Explanation:

8 0
3 years ago
Costs that change directly with the level of production are referred to as ________ costs
Elodia [21]
The answer to this question is Variable cost.
As the level of production increase , the total variable cost is increased and vice versa.
Examples of variable cost are the cost of sugar in condensed milk factory, the cost of leather in bag manufacturing, the cost of coffee beans in starbucks, etc.
6 0
3 years ago
A firm has earnings before interest and taxes of $27,130, net income of $16,220, and taxes of $5,450 for the year. While the fir
Shtirlitz [24]

Answer:

The answer is -$4,940

Explanation:

Net income = Profit before interest and tax minus interest minus taxes

We rewrite the formula to get interest:

Interest = Profit before interest and tax minus taxes minus net income

= $27,130 - $5,450 - $16,220

=$5,460

Cash flow to creditor equals:

Amount repaid to suppliers minus new amount borrowed plus interest

$31,600 - $42,000 + $5,460

-$4,940

7 0
3 years ago
Read 2 more answers
Outline the process the raw ingredients for a single flavor of ice cream might undergo to get to a local grocery’s freezer case.
den301095 [7]

Answer: fermenting , shredding , pasteurizing

5 0
3 years ago
Other questions:
  • Forward Inc. is an investment bank that operates in a particular geographic territory in Valentia. The company allocates specifi
    5·1 answer
  • What is a way to protect your social security number and other sensitive information from identity theft?
    6·2 answers
  • Jonathan is the CEO of a cell phone manufacturing company. At the company's Annual General Meeting, he made an announcement to t
    15·1 answer
  • Other things being​ equal, demand is less elastic A. the smaller the percentage of a total budget that a family spends on a good
    5·1 answer
  • Suppose workers notice a fall in their nominal wage but are slow to notice that the price 0fthings (actual
    5·1 answer
  • On October 1, Gala Corporation has 300 units of Product XYZ on hand. The company plans to sell 1,200 units of Product XYZ during
    8·1 answer
  • purchased equipment, a building, and land for one price of $6,050,500. The estimated fair values of the equipment, building, and
    15·1 answer
  • An electronics firm is currently manufacturing an item that has a variable cost of $ 0.50 per unit and a selling price of $ 1.00
    15·1 answer
  • Tessa is in charge of planning a marketing campaign for a new type of candy. Tessa's
    10·1 answer
  • Swifty Corporation had the following selected transactions.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!