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givi [52]
3 years ago
7

Scoresby Co. uses 3 machine hours and 1 direct labor hour to produce Product X. It uses 4 machine hours and 8 direct labor hours

to produce Product Y. Scoresby's Assembly and Finishing Departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. How much overhead cost will be charged to the two products?(A) Product X = $720; Product Y = $1,280(B) Product X = $1,600; Product Y = $4,800(C) Product X = $880; Product Y = $2,240(D) Product X = $400; Product Y = $400
Business
1 answer:
beks73 [17]3 years ago
4 0

Answer:

(C) Product X = $880; Product Y = $2,240

Explanation:

The applied overhead will be calculate by the product of the cost diver and the overhead rate:

<u>Cost driver for each product:</u>

Product X   3MH and  1LH

Product Y   4MH and 8LH

<u />

<u>Overhead rate: </u>

240 per machine hour

and 160 per labor hour

Product X   3MH x $240 +  1LH x $160   = 880

Product Y   4MH x $240 +  8LH x $160  = 2,240

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Describe the agencies that ensure properties abide by regulations.
Lady bird [3.3K]

The agencies that ensure properties abide by regulations are known as regulatory agencies.

<h3>What are regulatory agencies?</h3>

It should be noted that regulatory agencies are the independent governmental agencies that are established in order to set standards in a specific field.

In this case, the agencies that ensure properties abide by regulations are known as regulatory agencies.

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5 0
2 years ago
Which controls can be used to prevent or detect personal purchases on company credit cards?
Anna007 [38]

Answer:

Few controls can be used to prevent or detect personal purchases on company's credit cards.

Explanation:

Following controls can be taken to prevent or detect personal purchases on company's credit cards:

1. One should make sure that the company policy clearly forbids all purchases that are personal with company funds.

2. Same employee should not be allowed to originate purchases and then approve them too.

3. Controls can be installed to know if there are multiple purchases under employees approval limits.

4. Also, there should be a maximum limit of purchase for each employee.

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6 0
3 years ago
Belinda was involved in a boating accident in 2019. Her speedboat, which was used only for personal use and had a fair market va
Katen [24]

Answer: $200

Explanation:

To qualify as a Casualty loss, the event that led to the damage or destruction must have been unexpected such as an accident, hurricane, fire etc.

When calculating for the Casualty loss deduction, we simply deduct the money received from the insurance from the Adjusted basis,

Casualty loss deduction = Adjusted basis - Cash received from the Insurance company

= $14,000 - $10,000

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Since it is After any limitations, we also deduct a cost per event floor of $100 and 10% of the AGI

=4,000 - 100 - (37,000*0.1)

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Belinda's casualty loss deduction (after any limitations) is $200.

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3 years ago
Prepare the income statement for Quality Aquatic Company for the most recent year. Use the calculation of cost of goods​ sold, c
Ainat [17]

Answer:

Net income                                  167,900

Explanation:

Sales revenue   36,000 x $14 = 504,000

Cost of good sold-                  <u>   (230,600)    </u>

Gross Profit:                                 273,400

Marketing expenses                    (77,000)

Administrative expenses      <u>      (28,500)     </u>

Net income                                  167,900

Missing information attached.

We subtract the cost of good sold to get the gross profit.

the material, labor and overhead cost are included in the cost of good sold so we don't have to conted again. We will only post the expenses not related to manufacturing department which are, selling and adminsitrative.

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