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Sergeu [11.5K]
3 years ago
7

XYZ CORP HAS THE FOLLOWING DATA: BUDGETED OVERHEAD $168,000 BUDGETED MACHINE HOURS (DRIVER) 35,000 ACTUAL MACHINE HOURS: JOB 17

11,700 JOB 18 9,750 JOB 19 13,650 JOB 20 3,900 JOBS 17, 18 & 19 WERE FINISHED. JOB 17 WAS SOLD. TOTAL ACTUAL OVERHEAD = $189,000. WHAT IS ACTUAL OVERHEAD IN FINISHED GOODS? (ASSUME OVERHEAD VARIANCE ALLOCATED AMONG WIP, FG AND COGS) ACTUAL OVERHEAD FG_________
Business
1 answer:
SVETLANKA909090 [29]3 years ago
8 0

Answer:

The Actual overhead in finished goods is $ 113,400

Explanation:

In order to calculate the ACTUAL OVERHEAD IN FINISHED GOODS we would have to use the following formula:

Actual overhead in finished goods= overheads allocated to job 18 and 19 + underapplied overheads allocated finished inventory

Actual overhead in finished goods=(($9,750+$13,650)/($11,700+$9,750+$13,650+$3,900)*$168,000) + ($23,400/$39,000* ($189,000 - ($39,000*$168,000/$35,000))

= $112,320 + $1,080

= $ 113,400

The Actual overhead in finished goods is $ 113,400

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3 years ago
Gell Corporation manufactures computers. Assume that Gell​:
kkurt [141]

Answer:

$83,000

Explanation:

The computation of the actual manufacturing overhead cost is shown below:

= Indirect labor + depreciation on plant + machinery repair + plant supplies + plant utilities

= $11,000 + $48,000 + $11,000 + $6,000 + $7,000

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Only these five items would be considered as a actual manufacturing cost. The rest of the items would be ignored

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3 years ago
The following is an example of the reasoning of a rule utilitarian:
Aleks [24]

Answer:

The correct answer is the option B: False.

Explanation:

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7 0
4 years ago
Rollins Corporation is estimating its WACC. Its target capital structure is 20 percent debt, 20 percent preferred stock, and 60
Serggg [28]

Answer:

d. 12.6%

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Flotation costs are costs that a corporation incurs when issuing new stocks or bonds, and they include legal fees, underwriting fees, etc.

4 0
3 years ago
The Simon Company (SIMON) currently has $300,000 market value (and book value) of perpetual debt outstanding carrying a coupon r
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Answer:

The answer is "4,750"

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They have indeed been given the information that we require.

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rate= 6%

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The business has no plans to expand.

The current cost of capital is 8.8%,

The tax rate is 40%.

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Assume SIMON is considering switching in its current financial performance to one that results in a share price of $96 per share.

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n =\frac{S}{P}  \\\\= \frac{\$504,000}{ \$96}\\\\= \$5,250

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AJC will buy back a certain number of shares.

= 10,000 - 5,250\\\\= 4,750\\

8 0
3 years ago
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