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
Anvisha [2.4K]
3 years ago
5

Peterson Company estimates that overhead costs for the next year will be $6,520,000 for indirect labor and $550,000 for factory

utilities. The company uses machine hours as its overhead allocation base. If 140,000 machine hours are planned for this next year, what is the company's plantwide overhead rate?
a. $.02147 per machine hour.
b. $50.50 per machine hour.
c. $45.75 per machine hour.
d. $3.9286 per machine hour.
e. $.2545 per machine hour.
Business
2 answers:
Lena [83]3 years ago
5 0

Answer:

The correct option is B,$50.50

Explanation:

The company's plantwide overhead rate is computed by dividing total budgeted overhead costs by the planned machine hours which is the overhead allocation base:

Plantwide overhead rate=Total budgeted overhead/machine hours

total budgeted overhead =$6,520,000+$550,000

                                           =$7,070,000

budgeted machine hours is 140,000 hours

plantwide overhead rate=$7,070,000/140,000

                                         =$50.50

Hunter-Best [27]3 years ago
4 0

Answer:

b. $50.50 per machine hour.

Explanation:

Overhead costs are defined as the amount that is spent by a business that is not directly contributing to the product. For example overhead can be labour cost, rent, utilities, and insurance.

These do not contribute directly to the product. Direct cost such as are materials contribute directly to the product.

In the case the overhead costs are given as $6,520,000 for indirect labor and $550,000 for factory utilities.

Total overhead= 6,520,000 + 550,000

Total overhead= $7,070,000

Overhead Cost per hour= Total overhead ÷ Total machine hours

Overhead cost per hour= 7,070,000 ÷ 140,000= $50.50

You might be interested in
According to generally accepted accounting principles (GAAP), revenue is recognized as income when:
bogdanovich [222]

Answer:

the transaction is complete and the goods or services are delivered.

Explanation:

According to generally accepted accounting principles (GAAP), the revenue should be recognized when the goods or services are delivered and the transaction is completed in all respects.  

The revenue recognition principle applies when the revenue is realized or earned whether cash is received or not plus it also follows the accrual basis of accounting. Here, realizable means that customer received the product but the payment is made at the later date

4 0
3 years ago
The government department responsible for laws concerning work is the_____. 1. US Department of Education
Marat540 [252]
3. US Department of Labor
5 0
3 years ago
Read 2 more answers
The definition of Not Utilizing Staff Talent in the Eight Wastes refers to a. making more than the customer wants or more than y
motikmotik

Answer:

d. not encouraging employee ideas or undermining their efforts.

Explanation:

Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.

Hence, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.

The definition of Not Utilizing Staff Talent in the Eight Wastes refers to not encouraging employee ideas or undermining their efforts.

6 0
3 years ago
PLEASE HELP!
ycow [4]

Answer:

Identify with Your Goals, Build a Professional Resume, Become Aware of Your Strengths, Assume Full Responsibility for Your Life, Always Raise Your Standards, Brand Yourself, and Network

Explanation:

6 0
2 years ago
Ben, a product manager at SunRise Juice Co., is having a hard time choosing the wording for a new ready-made fruit smoothie prod
nikdorinn [45]

Answer:

  • I think Ben should encourage the Senior Management to call a multidisciplynary meeting and do some research.

Explanation:

<em>I think Ben is right</em>. Even though the statement is technically correct, it may mislead customers.

Customers may interpret the phrase "<em>no sugar added</em>" as if the product did not contain any sugar.

Thus, customers interested in drinking beverages without sugar at all might think  they are "safe" consuming the smoothie beverage, when in reallity each <em>smoothie's bottle contains sugar 35 g of naturally occurring sugars from the fruit.</em>

Customers deserve to be certain on what they are buying, thus the labels must be a sincere help for them, and not ambiguos at all.

This is a "gray zone" and an example of what in ethics is called a dilema.

I think the decision should be shared by a wider team and based on some research.

I think Ben should encourage the Senior Management to call a multidisciplynary meeting, where the subject is widely discussed. Also, I would suggest Ben to do some research, look for precedents about labeling  in the industry, and try to learn the opinion of the FDA about this sensitive matter.

6 0
3 years ago
Other questions:
  • Compared to products, service marketing is more challenging because
    9·2 answers
  • Middle managers spend most of their time a. on the telephone. b. managing inventory. c. in meetings. d. implementing plans of to
    12·1 answer
  • If the employer is tardy in paying the state contributions, the credit against the federal tax is limited to what percent of the
    10·1 answer
  • What is the economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in
    5·1 answer
  • When Whitney took over her father's sporting goods store, she evaluated some of her father's vendor relationships. She found tha
    14·1 answer
  • TRUE or FALSE. There are two means for achieving financial goals—you either need to increase your savings or reduce spending.
    9·2 answers
  • Why might a business owner prefer to start a business in a laissez-faire economy? A. because the government will offer incentive
    10·2 answers
  • One current answer to the historical struggle within management to balance the things of production and the humanity of producti
    12·1 answer
  • Should Monics and Ami use a loan or their personal funds to finance their business startup? What other alternatives might they c
    12·2 answers
  • Under the double-entry system of accounting, a debit is always a negative entry.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!