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allsm [11]
3 years ago
5

Bronzit Company estimated the following at the beginning of the year: Assembly Department Testing Department Total Overhead $700

,000 $100,000 $800,000 Direct Labor Hours 150,500 hrs. 40,500 hrs. 191,000 hrs. Machine Hours 37,000 hrs. 72,000 hrs. 109,000 hrs. Bronzit uses departmental overhead rates. In the assembly department, direct labor hours are used to apply overhead. Machine hours are used to apply overhead in the testing department. Actual data for the month of May is as follows: Assembly Department Testing Department Total Overhead $50,000 $11,000 $61,000 Direct Labor Hours 20,000 hrs. 2,500 hrs. 22,500 hrs. Machine Hours 3,500 hrs. 14,000 hrs. 17,500 hrs. If Bronzit uses a plant wide overhead rate based on direct labor hours, instead of departmental rates, what is the predetermined overhead rate rounded to the nearest cent? a.$4.19 per direct labor hour b.$8.65 per direct labor hour c.$4.50 per direct labor hour d.$0.33 per direct labor hour e.$5 per direct labor hour
Business
1 answer:
Lesechka [4]3 years ago
8 0

Answer:

The correct answer is A: $4.19 per direct labor hour

Explanation:

Giving the following information:

Assembly Department

Overhead $700,000

Direct Labor Hours 150,500 hrs

Testing Department

Overhead  $100,000

Machine Hours72,000 hrs

Direct Labor Hours= 191,000 hrs.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 800000/191000= $4.19 per direct labor hour

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xenn [34]

Answer:

Systematic management

Explanation:

Systematic management is an approach of management which focus on the process of the management instead of the final outcome. The objectives of this approach to the management are:

To establish the particular procedures and processes to be used in the completion of the job task.

So, the systematic management is the one which focus on the internal operations as managers are concerned with the growth brought about through the Industrial Revolution.

5 0
3 years ago
Assume MIX Inc. has sales volume of $1,342,000 for two products with May sales and contribution margin ratios as follows:
ololo11 [35]

Answer:

Instructions are below,

Explanation:

Giving the following information:

Product A: Sales $514,000; Contribution Margin Ratio 30%

Product B: Sales $828,000; Contribution Margin Ratio 60%

fixed expenses are $338,000

First, we need to calculate the total contribution margin:

Total CM= CM Product A + CM Product B

Total CM= 514,000*0.3 + 828,000*0.6= $651,000

The operating income is calculated deducting from the total contribution margin the fixed costs:

Operating income= 651,000 - 338,000= 313,000

The average weighted contribution margin is calculated using the contribution margin ratio per product and the sales mix.

Sales mix:

Product A= 514,000/1,342,000= 0.38

Product B= 828,000/1,342,000= 0.62

Weighted average contribution= contribution margin ratio*sales mix

Product A= 0.3*0.38= 0.114

Product B= 0.6*0.62= 0.372

Total= 0.486

Weighted average contribution margin ratio= 0.486= 48.6%

Finally, we can calculate the break-even point in units:

Break-even point (units)= Total fixed costs / Weighted average contribution margin ratio

Break-even point (units)= 338,000/ 0.486= $695,473.25

4 0
3 years ago
Microeconomics question, please help...70 pts!
Blababa [14]

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Explanation:

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2 years ago
Which is not a characteristic of Lean production: 1. There are frequent, small deliveries 2. Suppliers are treated as partners t
olchik [2.2K]

Answer:

The incorrect statement is number (3): Workers are viewed like machinery, needed to get the job done, nothing more.

Explanation:

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