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Alik [6]
3 years ago
5

Feldpausch Corporation has provided the following data from its activity-based costing system:

Business
1 answer:
juin [17]3 years ago
7 0

Answer:

Product margin per unit= $7.2

Explanation:

Giving the following information:

Activity Cost Pool Total Cost Total Activity

Assembly $ 1,137,360 84,000 machine-hours

Processing orders $ 28,479 1,100 orders

Inspection $ 97,155 1,270 inspection-hours

First, we need to calculate the estimated overhead rate for each activity cost pool:

To calculate the estimated manufacturing overhead rate we need to use the following formula:

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

Assembly= 1,137,360/84,000= $13.54 per machine hour

Processing= 28,479/1,100= $25.89 per order

Inspection= 97,155/1,270= $76.5 per inspection hour

We will calculate the total cost of production and then the unitary cost to determine the product margin:

Total cost= direct material + direct labor + allocated overhead

The company makes 470 units of product W26B a year, requiring a total of 660 machine-hours, 50 orders, and 40 inspection-hours per year. The product's direct materials cost is $40.30 per unit and its direct labor cost is $42.22 per unit. The product sells for $118.00 per unit.

Total cost= 40.30*470 + 42.22*470 + (660*13.54 + 50*25.89 + 40*76.5)= 52,075.3

Unitary cost= 52,075.3/470= 110.80

Product margin= selling price - unitary cost= 118 - 110.8= $7.2

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marissa [1.9K]

To get the formula for the principal, we will use the formula for the interest and derived it from there:

I = Prt is the equation then it will be P = I /rt since we are looking for the principal.

 

P = I /rt

 

= $500 / (0.145 x 240/360)

 

= $500 / 0.0967

 

= $5170.63

 

To check:

I = Prt

 

= $5170.3 x 0.145 x 240/360

 

= $499.8 or $500

5 0
3 years ago
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Meng Co. maintains a $300 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represe
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Answer: The correct answer is e) $32.

Explanation:

Petty cash fund. $300

Office supplies. (80)

Merchandise inventory. (160)

Miscellaneous expenses. (20)

Cash shortage. (8)

Balance in petty cash. $32

In terms of accounting entries,

Debit Office supplies. $80

Debit Merchandise inventory. $160

Debit Miscellaneous expenses. $20

Debit Cash shortage. $8

Credit Petty cash refund. $268

In the above entries, $268 would be refunded to petty cash fund to reinstate it to $300.

3 0
3 years ago
Write 8,770,709 in word form Math
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sorry about the caps

Explanation:

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A corporation ran an ad which showed environmental experts praising its social initiatives. The ad encourage readers to visit it
slamgirl [31]

Answer:

institutional copy.

Explanation:

In the scenario described above, the institutional copy style was used, which can be defined as a type of advertisement whose objective is not to sell a product or service, but rather to promote the selling company through its policies, philosophies and objectives, with the objective of strengthening and creating its reputation so that customers are aware of their values ​​and reputation, generating recognition and prestige.

This is what the company analyzed in the above question did by running an ad that shows environmental experts praising its social practices and encouraging readers to access its website and learn about its positive environmental practices

7 0
3 years ago
Marigold Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 96000 subs
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Answer:

Dr Cash $1,920,000

Cr Unearned Subscription Revenue $1,920,000

Explanation:

Since The magazine sells 96,000 subscriptions in January at the amount of $20 each which means that the appropriate journal entry that made in January to record the sale of the subscriptions will be

Dr Cash $1,920,000

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(96000*$20)

(To record the sale of the subscriptions)

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