Answer:
$3.40 Per Machine Hour
Explanation:
The computation of the predetermined overhead rate is shown below:
As we know that
Predetermined overhead rate is
= Estimated manufacturing overhead ÷ estimated machine hours
where,
Estiamted Manuafctuing overheads is
= Salary of Prodcution Supervisior + Indirect Material + rent on Factory Equipment
= $20,00 + $4,000 + $10,000
= $34,000
And, the estimated machine hours is 10,000
So, the predetermined overhead rate is
= $34,000 ÷ 10,000
= $3.40 Per Machine Hour
Answer:
The correct answe is B.
Explanation:
Giving the following information:
Forming Finishing Total
Estimated total machine-hours (MHs) 7,000 3,000 10,000
Estimated total fixed manufacturing overhead cost $ 40,600 $ 8,100 $ 48,700
Estimated variable manufacturing overhead cost per MH $ 1.30 $ 2.80
To calculate the estimated manufacturing overhead rate for the whole plant we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= (48,700/10,000)= $4.87 per machine-hour
Answer:
$9,870
Explanation:
The computation of the new balance in the inventory account after considering the new purchases is given below;
New balance is
= Beginning balance + value of the purchase.
where,
Value of the purchase = purchase cost + freight cost- purchase discount
= $6,000 + $170 - $300
= $5,870
So,
New balance is
= $4,000 + $5,870
= $9,870
Answer:
contains a raw materials card for each item of direct materials and indirect materials.
Explanation:
The raw materials are the components, parts or pieces whihc are in the factory stocks.
There will be materials used into the final product but some will be used as maintenance, repairs and upgrade therefore, indirect materials.
This makes option C correct.
The raw materials will keep rtack of both, the direct materials and the indirect materials
The difference between last year's and this year's sales in percentage 325000-250000=75000/250000*100
=30%
By sales, what do you mean?
Any exchange of money for tangible or intangible products, services, or assets between two or more persons is referred to as a sale. Other assets may in some situations be given to a seller.
Why are sales crucial?
Sales are crucial in creating consumer loyalty and trust with businesses. Customers choose to promote your business to friends and family and to post positive reviews of your goods and services online mostly because they have faith in you and value your loyalty.
To know more about sales
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