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
victus00 [196]
3 years ago
7

Bob Burgers allocates manufacturing overhead to jobs based on direct labor hours. The company has the following estimated costs

for the upcoming year: Direct materials used $50,800 Direct labor costs $70,000 Wages of factory janitors $39,500 Sales supervisor salary $51,600 Utilities for factory $16,100 Rent on factory building $13,200 Advertising expense $5130 The company estimates that 1420 direct labor hours will be worked in the upcoming year, while 1400 machine hours will be used during the year. The predetermined manufacturing overhead rate per direct labor hour will be (Round your answer to the nearest cent.)
Business
1 answer:
d1i1m1o1n [39]3 years ago
4 0

Answer:

Estimated manufacturing overhead rate= $48.45 per direct labor hour

Explanation:

Giving the following information:

Bob Burgers allocates manufacturing overhead to jobs based on direct labor hours.

Manufacturing overhead:

Wages of factory janitors $39,500

Utilities for factory $16,100

Rent on factory building $13,200

Total= $68,800

The company estimates that 1420 direct labor hours will be worked in the upcoming year.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base= 68800/1420= $48.45 per direct labor hour

You might be interested in
Which two types of résumés can be formatted to be visually appealing?
QveST [7]
After my thorough researching, the two types of résumés that can be formatted to be visually appealing is the print and the web. The correct answer to the following given statement or question above is the print and the web.
8 0
3 years ago
Read 2 more answers
Rudy Smith was an wealthy individual and has passed away with many assets in his estate. What value would be used to assess prop
fgiga [73]

Answer:

fair market value

Explanation:

The current estate tax (2020) only applies for estates worth over $11.58 million. For taxation purposes, estates are taxed at fair market value. E.g. Rudy bought a building 10 years ago at $10 million, but it is now worth $15 million, the current market value ($15 million) will be used to determine any applicable estate taxes.

8 0
3 years ago
To ensure a safe environment its important to
lesya692 [45]
Follow social distancing rules and cover your face.
6 0
4 years ago
Read 2 more answers
Pina Inc. has outstanding 10,500 shares of $10 par value common stock. On July 1, 2020, Pina reacquired 104 shares at $87 per sh
umka2103 [35]

Answer:

Please see explanation

Explanation:

The following journal entries shall be recorded by the Pina Inc in its accounts for the transactions mentioned in the question:

July 1, 2020                                     Debit                  Credit

Treasury shares                               $9,048

(104*87)

Bank                                                                              $9,048

(Reacquiring of 104 shares at $87 per share)

September 1, 2020                                     Debit                  Credit

Bank                                                            $5,670

(63*90)

Treasury shares                                                                       $5,481

(63*87)      

Paid in capital                                                                           $189                

(5,670-3,567                                                                            

(Reissuing of 63 shares at $90 per share)

November 1, 2020                                     Debit                  Credit

Bank                                                            $3,403

(41*83)

Paid in capital                                             $164

(3,567-3,403)

Treasury shares                                                                       $3,567

(41*87)      

(Reissuing of 41 shares at $83 per share)

8 0
4 years ago
Accounts receivable represents:_________
coldgirl [10]

Answer:

A. Amounts which are owed to the company by its customers resulting from credit sales.

Explanation:

When the company sells its product to the customers on a credit basis is called account receivable. The amount which is to be sold on credit comes under the account receivable. It is a liquidity ratio which can be converted into cash within one year

This account receivable comes under the current assets side in the asset section of the balance sheet

7 0
4 years ago
Other questions:
  • Elissa teaches horticulture at the local high school. Which best classifies the career that Elissa has?
    10·2 answers
  • In which of the following economic systems is the government's role greatest?
    11·1 answer
  • Greta is concerned that one of the potential market segments she has identified for her dog grooming service is too small and ha
    10·1 answer
  • Discounting cash flows involves
    5·1 answer
  • 4.37.-On January 1st, Frank bought a used car for $72,000 and agreed to pay it as follows: ¼ down payment; the balance to be pai
    10·1 answer
  • The graph shows unemployment rates in the United States in recent years.
    8·1 answer
  • Linda believes that employees can view work as being as natural as rest or play, and therefore the average person can learn to a
    12·1 answer
  • The time to research a potential employer is _____.
    6·2 answers
  • an offer that can only be accepted by an offere's performance creates a(n) __________________________ contract​
    12·1 answer
  • How do you pay taxes and is it hard ( just curious)
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!