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Aleonysh [2.5K]
3 years ago
13

The Aleutian Company uses departmental overhead rates. The Fabrication Department uses machine hours for an allocation base, and

the Assembly Department uses labor hours. What is the Assembly Department overhead rate per labor hour

Business
1 answer:
ICE Princess25 [194]3 years ago
4 0

Answer:

$4.425 per labor hour

Explanation:

Note: The full question has been attached as picture

Product Rings Labor Hours = 1030 units x 4 labor hours per unit

Product Rings Labor Hours = 4,120 hours

Product Dings Labor Hours = 1810 units x 7 Labor hour per unit

Product Dings Labor Hours = 12,670 hours

Hence, the total Labor Hours = 4,120 hours + 12,670 hours = 16,790 hours

The total Assembly Department Overhead is estimated to be $74,300. Hence, the Assembly Department Overhead rate per labor hour = Total Overhead / Total Labor Hours

Assembly Department Overhead rate = $74,300 / 16,790

Assembly Department Overhead rate = $4.425

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2 years ago
Raven Company has a target of earning $70,000 pre-tax income. The contribution margin ratio is 30%. What amount of dollar sales
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Answer:

Target dollar sales = $353,333

Explanation:

First we need to find out how much contribution do we need to get a profit of 70,000.

Profit= Contribution - Fixed cost.

70,000=Contribution-36,000

70,000+36,000=106,000

Contribution= 106,000

Now in order to find the sales we will use the formula

Target Sales= Contribution/Contribution margin

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106,000/0.3=353,333.333

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3 years ago
[The following information applies to the questions displayed below.] Tracy Company, a manufacturer of air conditioners, sold 19
Juli2301 [7.4K]

Answer:

November 17, 2021

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Accounts Payable $45,600 (credit)

November 26, 2021

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Discount Received $1,824 (credit)

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December 15, 2021

Accounts Payable $45,600 (credit)

Cash $45,600 (credit)

Explanation:

November 17, 2021

Merchandise : air conditioners $45,600 (debit)

Accounts Payable $45,600 (credit)

Recognize the Merchandise and Accounts payable at the Purchase Price less trade discount. 190 units × $300 × 80% = $45,600

November 26, 2021

Accounts Payable $45,600 (credit)

Discount Received $1,824 (credit)

Cash $43,776 (credit)

Payment is made within the discount period of 10 days and thus Thomas Company is eligible for a cash discount of 4%. Thomas Company will pay the amount owing less the 4% cash discount. $45,600 × 96% = $43,776.

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Accounts Payable $45,600 (credit)

Cash $45,600 (credit)

Payment is made out of the discount period of 10 days and thus Thomas Company is  not eligible for the cash discount. Thomas Company will pay the full amount owing of $45,600.

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3 years ago
Ruth, a cashier at a private bank, strongly believes that no matter how much effort she puts in or how many hours she works over
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Answer:

Ruth, a cashier at a private bank, strongly believes that no matter how much effort she puts in or how many hours she works overtime, she will not be offered a promotion in the next 10 years. In this scenario, Ruth's beliefs are in accordance with the expectancy theory.

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Short Corp. reported net income of $63,000 for the year and had a tax rate of 30%. Net sales were $300,000 and Operating expense
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Answer:

Cost of goods sold  : $ 120.000

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income before taxes   : 63000 / 0.7 = 90000  

(+) expenses                                          90.000

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= cost of goods                                   120.000

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3 years ago
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