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
qaws [65]
2 years ago
11

Job WR53 at NW Fab, Inc. required $200 of direct materials and 10 direct labor hours at $15 per hour. Estimated total overhead f

or the year was $760,000 and estimated direct labor hours were 20,000. What would be recorded as the cost of job WR53?
Business
2 answers:
nadezda [96]2 years ago
7 0

Answer:

The question is not complete, find below complete question:

Job WR53 at NW Fab, Inc. required $200 of direct materials and 10 direct labor hours at $15 per hour. Estimated total overhead for the years was $760,000 and estimated direct labor hours were 20,000. What would be recorded as the cost of job WR53?

A. $200

B. $350

C. $380

D. $730

The correct option is D, $730 as shown below

Explanation:

Overhead absorption rate is given total overhead /direct labor hours

Overhead absorption rate=$760000/20000

                                           =$38/ labor hour

Hence job WR53 would require $380($38*10 hrs) in overhead cost

The total cost of the job is given as follows:

Direct materials                  $200

Direct labor cost($15*10)   $150

Overhead on the job        <u> $380</u>

Total cost                            <u>$730</u>  

The job WR53 would cost $730

In essence, for the job to be profitable, it must be sold at a price beyond $730, otherwise the job might be sold at  a loss

Rainbow [258]2 years ago
5 0

Answer:

D. $730

Explanation:

From checks, the complete question is as shown below:

Job WR53 at NW Fab, Inc. required $200 of direct materials and 10 direct labor hours at $15 per hour. Estimated total overhead for the years was $760,000 and estimated direct labor hours were 20,000. What would be recorded as the cost of job WR53?

A. $200

B. $350

C. $380

D. $730

The total cost of the job is the sum of the direct and indirect(overhead) costs. The direct cost includes the cost of material and direct labor.

The overheads given is a function of the direct labor hours. For a unit of Job WR53 at NW Fab,

Direct material cost = $200

Direct labor cost = $15 × 10 = $150

Given that the total overheads for the year based on estimated direct labor hours of 20,000 is $760,000

The overheads per hour

= $760,000/20,000

= $38

Given that 10 direct labor hours are needed,

Overhead cost = $38 × 10

= $380

Total cost of the job

= $200 + $150 + $380

= $730

You might be interested in
An ATM with a service fee of $3 is used by a person 200 times in a year. What would be the future value in 5 years (use a 2 perc
Eddi Din [679]

Answer:

The future value in 5 years is $3,184.87  

Explanation:

The figure is arrived by calculating the future of the yearly total service of $600($3*200) by using applicable annuity factor for each of the years from year 1 to 5.

The annuity factor for each year is calculated as (1+r)^n, where r is the rate of return of 2% and the n the year in which the service fee relates to.

Kindly find attached for detailed computations.

Download xlsx
6 0
3 years ago
Read 2 more answers
Margin of safety is computed as: a. Actual sales - Break-even sales. b. Contribution margin - Fixed costs. c. Break-even sales -
Vera_Pavlovna [14]

Answer:

A. Actual Sales - Break-even sales

Explanation:

In business studies, Margin of safety (MOS) is the difference between actual/projected/budgeted sales and the level of break even sales. It is calculated by subtracting break even sales from projected or budgeted sales.

It is usually calculated by a company to know the level of percentage by which sales can drop in that company, before they start incurring losses. IT IS A MEASURE OF BUSINESS RISK.

3 0
2 years ago
Why does my dad stick his weener up my dog
vivado [14]
What the heck uhmmmm
6 0
2 years ago
Read 2 more answers
In cell e5, enter a financial function to calculate the monthly payment. in cell e6, insert a financial function to calculate th
eduard

The excel function for monthly payments is =PMT()

The excel function for cumulative total interest is =CUMIPMT()

4 0
3 years ago
3. What fallacy is illustrated by the following statement? "This work is driving me crazy!"
disa [49]
<h3>Statement by Fallacy</h3>

"This work is driving me crazy!"

The above sentence is said by Fallacy a worker of a cafe in a busy shopping mall, She tries her best to serve the customers but the customers are quite rude and that is the reason why she said such a dialogue.

<h3>Customer Behaviour</h3>

Fallacy wants the customers to act kindly and be a little patient, but that is completely the opposite of what is reality.

She is unable to leave the job as it is a well paid job and she is not able to find another job that can pay her this much salary.

Learn more about Business at brainly.com/question/26675384

3 0
2 years ago
Other questions:
  • Trull Company uses a standard cost system. Variable overhead costs are allocated based on direct labor hours. In the first​ quar
    9·1 answer
  • A merger between a company and one of its suppliers is known as a _______ merger.
    14·2 answers
  • In this module, you learned about the risks or costs associated with financial goals. What are the risks or costs associated wit
    13·1 answer
  • One year ago, you purchased 300 shares of Southern Cotton at $32.60 a share. During the past year, you received a total of $280
    8·1 answer
  • Explain how each of the following changes the money supply. a. the Fed buys bonds b. the Fed auctions credit c. the Fed raises t
    15·1 answer
  • A man buys a racehorse for ​$20 comma 00020,000 and enters it in two races. He plans to sell the horse​ afterward, hoping to mak
    11·1 answer
  • Four Seasons Industries has established direct labor performance standards for its maintenance and repair shop. However, some of
    13·1 answer
  • Which of the following is an example of earned income?
    10·1 answer
  • (ASAP) please help….
    9·1 answer
  • Why is the zero-based budget the most effective type of budget?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!