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
Mkey [24]
3 years ago
6

Leisure Industries manufactures​ custom-designed playground equipment for schools and city parks. Leisure expected to incur $ 62

7 comma 000 of manufacturing overhead​ cost, 41 comma 800 of direct labor​ hours, and $ 919 comma 600 of direct labor cost during the year​ (the cost of direct labor is ​$22 per​ hour). The company allocates manufacturing overhead on the basis of direct labor hours. During September​, Leisure completed Job 309. The job used 160 direct labor hours and required $ 13 comma 000 of direct materials. The City of Hamptonville has contracted to purchase the playground equipment at a price of 23 % over manufacturing cost. . Calculate the manufacturing cost of Job 309. 2. How much will the City of Hamptonville pay for this playground​ equipment?
Business
1 answer:
inn [45]3 years ago
6 0

Answer:

Price= $85263,6

Explanation:

We need to calculate the price paid by the City of Hamptonville for playground equipment.

We know the following information:

Direct material= $13000

Direct labor= 160hours*$22hour= $3520

Manufacturing overhead: it is assigned on labor hours.

We need to calculate the value of manufacturing overhead.

Labor hours presupuested= $41800/$22hour= 1900hours

$/hour of manufacturing overhead= $627000/1900hours= $330

<u>Manufacturing overhead Job 309= 330*160hours= $52800</u>

Manufacturing cost Job 309= direct material + direct labor + Manufacturing overhead= 13000 + 3520 + 52800= $69320

Price=69320*1.23= $85263,6

You might be interested in
The total of all outputs produced by the transformation process divided by the total of the inputs​ is: A. utilization. B. defin
SIZIF [17.4K]

Answer:

The correct answer is letter "C": multifactor productivity.

Explanation:

Multifactor productivity refers to how the combination of <em>labor </em>and <em>capital </em>is translated in the maximization of manufacturing goods or rendering services. Changes in the factor of multifactor productivity reflect fluctuations in <em>management, adjustment costs, and economies of scale</em>.

5 0
3 years ago
Explain the monopolist Describe and/or analyze graphically the firm’s profit-maximizing,Break-even, and shut-down conditions Des
Lina20 [59]

Answer:

The overview of the given scenario is described in the explanation segment below.

Explanation:

The monopoly seems to be the owner and manager of the sole business that operates on either the marketplace (Industry).

The monopolist becomes making an extraordinary income. Balance requirements become MC = MR, MC reductions MR from underneath the.

The breakeven point would be where the expense of Average is equivalent to the value (Average Revenue-AR)

Closing down portion would be when the company is unable to cover the AR Cost i.e.

⇒  AR < AVC.

The normal monopoly would be when it has a large competitive edge over all the future entrants as either a barrier to the entrance of just about any new company, which prohibits any new installment including its company into the sector. It may even be attributable to someone's power over manufactured goods or perhaps the possession of environmental assets.

The limits of monopoly power are given below:

  • This power is limited to something like the possibility of competitors.
  • If alternatives are present mostly on the market, it's been difficult to retain the monopoly.
  • Law facilitates the possibility of monopoly power.

7 0
3 years ago
A(n) _____ is elected by the stockholders of a corporation to oversee its general operation and set long-term objectives.
wariber [46]
A board of directors<span> is elected by the stockholders of a corporation to oversee its general operation and set long-term objectives.  A board of directors can serve for a for-profit business, non-profit business, or on a government agency. The board of directors are voted in and recognized as important decision  makers. </span>
8 0
3 years ago
Fundamental areas of management in supply chain operations management include:____________
inessss [21]

Answer:

<u>1.</u> Quality, Inventories, and Processes.

Explanation:

6 0
3 years ago
What is the first step of creating a federal budget A. Congress votes on requirements for a budget plan. B. Executive agencies s
Yakvenalex [24]

Answer:

C. State governments submit their budget proposals.

Explanation:

The Federal budget is a budget for the entire country.  It is an estimate of the expected government revenue and expenditure for a fiscal year.

The first step in the federal budget preparation involves submitting proposals by the government department and agencies. These are the federal agencies such as security agencies. They submit their expenditure proposal to the Whitehouse. All agencies' proposals make up part of the president's budget request.

7 0
3 years ago
Other questions:
  • According to maslow, the authority and responsibility of an effective manager focuses upon which level of needs?
    13·1 answer
  • Entries for Note Collected by Bank Accompanying a bank statement for Santee Company is a credit memo for $15,120 representing th
    10·1 answer
  • The Acmeville Metropolitan Bus Service currently charges $0.88 for an all-day ticket and is used by an average of 513 riders a d
    12·1 answer
  • L'Oreal has a famous slogan, "Because you're worth it." The brand has used this for years and because of _________, it has susta
    6·1 answer
  • ______ costs are administrative costs related to determining an order quantity, preparing purchase invoices, inspecting goods re
    12·1 answer
  • Rachel's Designs has 2,000 shares of 7%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining
    10·1 answer
  • A trade secret is a formula, device, process, method, or compilation of information that, when used in___________ , gives the ow
    7·1 answer
  • Market performance in the United States is tracked using stock changes. which use formulas to calculate price​
    10·2 answers
  • If there was important presentation and a conference you were invited to on the same day, how would you tackle it
    5·1 answer
  • In the case of an undisclosed principal, a third party
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!