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
VladimirAG [237]
3 years ago
13

Noland Company manufactures two models of its banjo, the Basic and the Luxury. The Basic model requires 10000 direct labor hours

and the Luxury requires 30000 direct labor hours. The company produces 3400 units of the Basic model and 600 units of the Luxury model each year. The company inspects one Basic for every 100 produced, and inspects one Luxury for every 10 produced. The company expects to incur $1457000 of total inspecting costs this year. How much of the inspecting costs should be allocated to the Basic model using ABC costing
Business
1 answer:
ozzi3 years ago
7 0

Answer:

Allocated inspection overhead= $527,000.

Explanation:

<em>Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.  </em>

<em>Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers. </em>

<em>Activity rate per driver is calculated as: </em>

Activity overhead for the period / Total cost drivers for the period

Number of inspection :

Basic model = 3400/100 = 34

Luxury model = 600/10= 60

Total inspection = 94 inspections

Inspection cost per inspection = $1457000/94=  15,500 inspections

Inspection to Basic model = 15,500  × 34 = $527,000.

Allocated inspection overhead= $527,000.

You might be interested in
If you had a choice how much are you willing to pay per month to have access to and use the various social media platforms?​
svet-max [94.6K]

Answer: $10 per month

Explanation:

$10 would be an ideal amount for me to pay to have access to the various social media sites if the major sites are on offer.

I think this amount reasonable because I do not use social media all that much but I would still like access to a variety of them. I would essentially therefore, be paying for my reduced time on the net.

Some might say that the companies might not make a profit if they charge $10 a month but I think they will because they make most of their money from ads so it would be good for them to offer the lowest subscription prices so that they can capture more people which will appeal to advertisers.

6 0
2 years ago
Type the correct answer in the box. Spell all words correctly.
Shalnov [3]

The marketing method used in the situation described is advertising.

<h3>What is marketing?</h3>

Marketing is a business term that refers to the set of actions of a company intended to intentionally stimulate the demand and purchase of goods and services.

One of the most popular marketing actions is advertising, in which advertisements are created to create a need for the buyer to purchase that good or service. Sometimes advertising includes a specialization, that is, it focuses on a specific audience.

In the case described, the company is using advertising so that people believe they need to buy the ticket and participate in the experience offered by it. Additionally, people will be more interested in this package because it includes different activities from other cruises.

Learn more about marketing in: brainly.com/question/10789897

3 0
2 years ago
Incorrect answer. Your answer is incorrect. Try again.
liubo4ka [24]

Answer:

Dealer Market

Explanation:

In a dealer market, multiple dealers give out their various prices on the sales and purchases of their specific and particular security of instrument. It is a financial tool for dealers in the market. The dealer market becomes more efficient for financial securities because it provides superior mechanism which should be protected.

It enables buyers and sellers to buy and sell independently through the market makers, known as dealers.

Foreign exchange and bonds are found in the dealer market.

In the secondary market, securities are traded by investors while in the primary market, they are created.

3 0
3 years ago
I need to write a balance sheet but I am having trouble with the format. can anyone please help?
vichka [17]
Answer & Explanation:
Most balance sheets are arranged according to this equation:

Assets = Liabilities + Shareholders’ Equity

The equation above includes three broad buckets, or categories, of value which must be accounted for:

1. Assets

An asset is anything a company owns which holds some amount of quantifiable value, meaning that it could be liquidated and turned to cash. They are the goods and resources owned by the company.

Assets can be further broken down into current assets and noncurrent assets.

- Current assets are typically what a company expects to convert into cash within a year’s time, such as cash and cash equivalents, prepaid expenses, inventory, marketable securities, and accounts receivable.
- Noncurrent assets are long-term investments that a company does not expect to convert into cash in the short term, such as land, equipment, patents, trademarks, and intellectual property.

2. Liabilities

A liability is anything a company or organization owes to a debtor. This may refer to payroll expenses, rent and utility payments, debt payments, money owed to suppliers, taxes, or bonds payable.

As with assets, liabilities can be classified as either current liabilities or noncurrent liabilities.

- Current liabilities are typically those due within one year, which may include accounts payable and other accrued expenses.
- Noncurrent liabilities are typically those that a company doesn’t expect to repay within one year. They are usually long-term obligations, such as leases, bonds payable, or loans.

3. Shareholders’ Equity

Shareholders’ equity refers generally to the net worth of a company, and reflects the amount of money that would be left over if all assets were sold and liabilities paid. Shareholders’ equity belongs to the shareholders, whether they be private or public owners.

Just as assets must equal liabilities plus shareholders’ equity, shareholders’ equity can be depicted by this equation:

Shareholders’ Equity = Assets - Liabilities

— Courtesy of Harvard Business School

I hope this helped! :)
6 0
3 years ago
Charles owns a water pump. Because pumping large amounts of water is harder than pumping small amounts, the cost of producing a
timofeeve [1]

Answer:

Cost of each bottle of water is $7.

Explanation:

This is the case for economies of scale. When Charles produce 1 bottle of water, it costs him $1 per bottle, when 8 bottles are produced it costs him  $7. The cost per bottle of water reduces as units increases.

3 0
2 years ago
Other questions:
  • Jim's Espresso expects sales to grow by 10.3 % next year. Using the following statements and the percent of sales​ method, forec
    14·1 answer
  • A company, which is currently operating at full capacity, has sales of $2,480, current assets of $820, current liabilities of $5
    14·1 answer
  • Saved Balance Sheet Current assets Cash 910,000 Acc receivable not given Inventories 1,050,000 Fixed assets 3,710,000 TOTAL ASSE
    6·1 answer
  • Studies indicate that consumers cannot identify their "favorite" brand of beer without the label. This sort of association is cr
    13·1 answer
  • Assume Maine Line Railway is considering hiring a reservations agency to handle passenger reservations. The agency would charge
    6·2 answers
  • a manufacturer of games sell each copy for 21.95.the manufacturing cost of each copy is 14.92. monthly fixed cost is 8500. durin
    10·1 answer
  • uncertainty avoidance (e.g., Greece, Portugal, and Uruguay) is associated with a need for structure, avoiding differences, and v
    5·1 answer
  • We describe the flow of costs in a process costing system and prepare appropriate journal entries to record costs. A process cos
    11·1 answer
  • Your friend, Caitlyn, does not think it is important to review her monthly credit card statement. Instead, she just sets up an a
    11·1 answer
  • What is the yield to maturity (rounded to the nearest whole percent) of a 20 year, $100 par value bond, that pays a 10% coupon s
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!