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
Phantasy [73]
3 years ago
15

EA9.

Business
1 answer:
OlgaM077 [116]3 years ago
7 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

There are two cost pools: setup, with an estimated $100,000 in overhead, and inspection, with $25,000 in overhead.

Poly is estimated to have 750,000 setups and 170,000 inspections.

Silk has 250,000 setups and 80,000 inspections.

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

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

<u>Setup:</u>

Estimated manufacturing overhead rate= 100,000/1,000,000= $0.1 per setup

<u>Inspections</u>:

Estimated manufacturing overhead rate= 25,000/250,000= $0.1 per inspection

Now, we can allocate overhead costs:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

<u>Poly:</u>

Allocated MOH= 0.1*750,000 + 0.1*170,000= $92,000

<u>Silk:</u>

Allocated MOH= 0.1*250,000 + 0.1*80,000= $33,000

You might be interested in
During the course of your examination of the financial statements of the Hales Corporation for the year ended December 31, 2021,
Nana76 [90]

Answer:

$35,260

Explanation:

Calculation to Determine the proper amount of net income for 2021

Unadjusted net income $33,000

Adjustments:

a. Insurance expense overstated $2,800

[4,200-(4,200/3)]

b. Sales revenue overstated $(675)

c. Supplies expense overstated $645

d. Interest expense understated $(510)

(12%*17,000*3/12)

Adjusted net income $35,260

Therefore the proper amount of net income for 2021 will be $35,260

3 0
3 years ago
At the beginning of a year, a company predicts total direct materials costs of $900,000 and total overhead costs of $1,170,000.
ASHA 777 [7]

Answer:

1.30

Explanation:

The cost of production is usually split into direct and indirect cost or overheads. the overheads is usually stated as a function of the direct cost( labour, machine hours, materials etc.)

The predetermined overhead rate

= $1,170,000/$900,000

= 1.3

This means that the company will incur an overhead cost of $1.30 for every $1 spent on direct materials.

6 0
2 years ago
Willie is the production manager of the sterile ophthalmic formulations division of Pharmogrep, a pharmaceutical manufacturing c
Hoochie [10]

Answer:

The answer is product departmentalization.

Explanation:

Pharmogrep most likely follow product departmentalization.

5 0
3 years ago
A general rule of thumb is to keep your credit utilization rate at 30% or lower. What is your approximate credit utilization rat
Leto [7]

Answer:

90%

Explanation:

7 0
3 years ago
During most of the Soviet rule (and certainly after 1934), any form of experimental art was considered dissident and, therefore,
QveST [7]

The statement, "During most of the Soviet rule (and certainly after 1934), any form of experimental art was considered dissident and, therefore, could only exist as a part of underground culture" is True

Option a

<u>Explanation: </u>

All across the 1920s, the creation of Soviet Art was followed by an era of severe ideological competitiveness among artistic groups, which each tried to ensure that their views were given a priority for the determination of the shapes and instructions under which soviet art will also grow.

The increasing crisis of radical left wing artwork done this fight even more angry, In the late 1930's, several avant-garde movements that emerged in the 1910s had become tired and began depicting artifacts in real life, as they sought to return to the traditional model of drawn pictures.

6 0
3 years ago
Other questions:
  • The City issued $2 million in general obligation bonds to acquire a fleet of vehicles for the Central Motor Pool Internal Servic
    10·1 answer
  • Which one of the following reports helps track past due bills and bills that are due shortly? Multiple Choice Accounts Payable A
    8·1 answer
  • In the context of sequencing, the _____ minimizes the average lateness of a set of jobs.
    15·1 answer
  • For each item described: Identify the type of account (Asset, Liability, Equity, Revenue or Gain, Expense or Loss), normal balan
    8·1 answer
  • A year ago, Kim Altman purchased 200 shares of BLK, Inc. for $25.50 on margin. At that time the margin requirement was 40 percen
    8·1 answer
  • You recently purchased a stock that is expected to earn 20 percent in a booming economy, 15 percent in a normal economy, and los
    8·1 answer
  • After people deposit money in their checking account at a bank what does the bank do with most of this money?
    10·1 answer
  • A customer service manager at a retail clothing store has collected numerous customer complaints from the forms they fill out on
    15·1 answer
  • A potential CB project has the following cash flows: CF0 = -$500, CF1 = $300, CF2 = $200, CF3 = $150. WACC = 6%. Compute the fol
    13·1 answer
  • the selling price of a product is $20 and the markup is $4 what percentage of the selling price does the markup represent a 20%
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!