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solmaris [256]
3 years ago
5

Speedy Auto Repairs uses a job-order costing system. The company’s direct materials consist of replacement parts installed in cu

stomer vehicles, and its direct labor consists of the mechanics’ hourly wages. Speedy’s overhead costs include various items, such as the shop manager’s salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. The company applies all of its overhead costs to jobs based on direct labor-hours. At the beginning of the year, it made the following estimates: Direct labor-hours required to support estimated output 18,000 Fixed overhead cost $ 198,000 Variable overhead cost per direct labor-hour $ 1.00 Required: 1. Compute the predetermined overhead rate. 2. During the year, Mr. Wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. The following information was available with respect to his job: Direct materials $ 719 Direct labor cost $ 177 Direct labor-hours used 7
Business
1 answer:
Masteriza [31]3 years ago
8 0

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Estimates:

Direct labor-hours required to support estimated output 18,000.

Fixed overhead costs $ 198,000.

Variable overhead cost per direct labor-hour $ 1.00

A) overhead rate= (fixed + variable cost)/direct labor hour

Overhead rate= (198000 + 1*18000)/18000= 12

B) Direct materials $ 719

Direct labor cost $ 177

Direct labor-hours used 7

Manufacturing overhead= $1* 7= $7

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Answer:

determining who has the greatest need

finances of prospective buyers(X)

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ways to make the biggest profit (X)

Explanation:

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2 years ago
How to write a reimbursement cheque in Quickbooks?
Aleks04 [339]

Answer:

Click the Employees tab.

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Hope that helps!

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3 years ago
Economist Brown believes that changes in aggregate demand affect only the price level, and economist Black believes that changes
n200080 [17]

Answer:

Economist Brown : Perfectly Inelastic (Vertical) Aggregate Supply

Economist Black : Perfectly Elastic (Horizontal) Aggregate Supply

Explanation:

Economy is at equilibrium where : Aggregate Demand = Aggregate Supply.

Aggregate Demand is downward sloping curve, as aggregate demand is inversely related with price. Increase in AD shifts the AD curve rightwards.

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4 0
3 years ago
All of the following statements concerning shortage are true, EXCEPT: Group of answer choices
mariarad [96]

Answer:

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6 0
3 years ago
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Answer:

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<em>As a way to keep a document trail, creditors from whom substantial goods were bought from can be mailed a confirmation. </em>

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5 Auditiors need to consider <u>shipping terms</u> terms for determining ownership and whether a liability should be recorded.

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6 0
3 years ago
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