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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

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I believe the answer is higher 
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Complete the following data taken from the condensed income statements for merchandising Companies X, Y, and Z. For those boxes
spayn [35]

Answer:

Company X:

Sales :

= Gross Profit + Cost of goods sold

= 245 + 330

= $575

Operating expenses:

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= Sales - Cost of goods sold

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Net income:

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= 480 - 525

= $(45)

Company Z

Operating expenses :

= Gross profit - Net income

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7 0
3 years ago
The economic system of the united states is considered a:.
oee [108]

Answer:

It is considered a mixed economy

Explanation: Hope this helps<3

5 0
2 years ago
Causwell company began 2018 with 10,000 units of inventory on hand. the cost of each unit was $5.00. during 2018 an additional 3
nydimaria [60]

The amount of cost of goods sold using FIFO method is $110,000.

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3 0
3 years ago
Inside Incorporated was issued a charter on January 15 authorizing the following capital stock: Common stock, $6 par, 100,000 sh
marin [14]

Answer:  

$1,114,000   -  total equity section

Balance sheet extract

common stock   (120,000 units)                   $720,000

common stock share premium                     $240,000

preference shares (8 000 units)                   $80,000

preference share premium                            $36,000

Profit (net income)                                       <u>     $ 38,000</u>

                                                                          $1,114,000      

Explanation:

common stock account (100,000 + 20,000) x $6 par value = $720,000

common stock premium per unit is calculated $18 minus par value of $6 = $12. total premium is 12 x 20,000 units issued= $240,000

Preference shares account = (5000+3000) x $10 = $80,000

preference share premium (22 minus 10) = $12 per unit

total preference shares premium is $12 x 3000 issued units= $36,000

8 0
3 years ago
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