Answer:
Total factory overhead to be charged to each unit of Hooks is $33
Explanation:
Sum of all Activity Cost = Total Factory Overhead
Calculate the total factory overhead to be charged to each unit of Hooks
Activity rate = Budgeted amount / Total of each activity base
∴ Activity Rate
For Setups = 60,000 / 20,000 = 3 per setup
For Inspections = 120,000 / 24,000 = 5 per inspections
For Assembly = 420,000 / 28,000 = 15 per dlh
Activity Cost = Activity base for each unit * Activity rate
∴ Activity Cost
For Setups = 1 x 3 = $3
For Inspections = 3 x 5 = $15
For Assembly = 1 x 15 = $15
Recall that;
Sum of all Activity Cost is the Total Factory Overhead
= $3 + $15 + $15
= $33
Answer: NINJA IG you pick one lol
Explanation:
Answer:
B
Explanation:
Money has several functions, one of its principal function is using it as unit of account. By comparing the amount in dollars spent on running a car yearly to annual earnings instead of keeping track in terms of gasoline cost and quarts of oil shows that money has been used as a unit of account.
This means that the amount of gasoline gallons bought and quarts of oil has been essentially replaced by the cost of these purchases and hence avail is the power to use money as a unit of account
Answer:
The correct answer is B. $14,500
Explanation:
According to the accounting concept, the machines cost includes all those cost which is related to the machine like - purchase cost of machine, installation cost of machine, insurance cost,etc.
So,
Total cost of machine = Purchase cost of machine + installation cost of machine + insurance cost
= $10,000 + $4,000 + $500
= $14,500
Hence, the total machine cost is $14,500 which is to be recorded in the financial statements.
Thus, the correct answer is B. $14,500
Get a job, get money & bam you got money
