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
Company utilizes the LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 64% bas
djyliett [7]

Answer:

new layer at cost = $32000

Explanation:

given data

cost-to-retail percentage  

beginning inventory = 60%

current period purchases = $50,000

retail value = $50,000

solution

we get her new layer at cost that should be here as

new layer at cost = retail value × current period purchases    ......................1

put here value ans we will get

new layer at cost = $50,000 × 64%

new layer at cost = $32000

6 0
3 years ago
Rodgers Company gathered the following reconciling information in preparing its May bank reconciliation. Calculate the adjusted
SashulF [63]

Answer:

$4,083

Explanation:

Preparation of the Adjusted Cash Balance per Books on May 31

Adjusted Cash Balance per Books on May 31

Cash Balance per Books on May 31 $3,457

Add Notes Receivable and Interest Collected by Bank $853

Less Bank Charge for Check Printing ($47)

Less NSF Check ($180)

Adjusted Cash Balance per Books on May 31 $4,083

Therefore the Adjusted Cash Balance per Books on May 31 will be $4,083

6 0
3 years ago
Fill in the following table by calculating the official unemployment rate and the U-4 measure of labor underutilization.
Alja [10]

Answer and Explanation:

The computation of the official unemployment rate is shown below:

Official unemployment rate is

= Unemployed workers ÷ (Unemployed + employed) × 100

= 13,863,000 ÷ (13,863,000 + 139,323,000) × 100

= 9.05%

Now for the U-4 is

= (Unemployed workers + discouraged workers) ÷ (Unemployed + employed + discouraged workers) × 100

= (13,863,000 + $993,000) ÷ (13,863,000 + 139,323,000 + $993,000) × 100

= 9.64%

Therefore for exclduing the discouraged workers it may cause the offical rate to understate the underemployment true extent

4 0
2 years ago
Alternative A Alternative B Materials costs $28,000 $64,000 Processing costs $34,000 $34,000 Equipment rental $11,000 $28,500 Oc
stira [4]

Answer:

$61,600

Explanation:

The differential cost analysis is an analysis in which the costs of two alternatives is taken into consideration and based on those costs it is decided that which alternative is suitable in terms of increment that has been lost by other alternative. That is why it is also known as alternative cost. To calculate the differential cost, it is simple, subtract the cost of 1st alternative from the 2nd and you will get the differential cost. Basically this tool helps in decision making when deciding to choose between two alternatives.

In the question we have been asked to find the differential cost of Alternative B over Alternative A, including all of the relevant costs. To do that first we need to find the differential costs among all the relevant costs and then sum all the differences to find the differential cost of Alternative B over Alternative A.

(a)

Differential Cost of Alternative B over Alternative A is;

Materials costs =  $64,000 - $28,000 = $36,000

Processing costs =  $34,000 - $34,000 = $0

Equipment rental =  $28,500 - $11,000 = $17,500

Occupancy costs = $27,600 - $19,500 = $8,100

(b)

Now the Total Cost which is Differential Cost of Alternative B over Alternative A is;

$36,000 + $0 + $17,500 + $8,100

$61,600

6 0
2 years ago
In a market economy, decisions about which goods are produced are based
STatiana [176]

Answer:

B. what businesses believe will generate the most profits.

Explanation:

A market economy is one where the factors of production are owned by the private sector. Production and distribution of products and services are in the hands of private individuals and firms. The government's role is mostly regulation and the provision of public goods.

In the market economy, the private sector engages in business to make profits. They risk their resources in producing goods and services that can increase their wealth. Only the products that are likely to generate profits are produced.

4 0
2 years ago
Other questions:
  • For which of the following options can you sign a contract with a one-day duration
    6·2 answers
  • Suppose player 2 can choose its strategy before player 1, that player 1 observes player 2's choice before making her decision, a
    11·1 answer
  • If you receive a telephone solicitation, A. feel free to give them personal information. B. end the conversation quickly, withou
    13·1 answer
  • "Dexter purchases equipment from Ray Company for a normal market price of $5,000,000. As an incentive, Ray's salesman throws in
    9·1 answer
  • as rome expanded the conquered territories sent payments that honored the acceptance of the new rulers. What were those payments
    7·1 answer
  • The defect rate for your product has historically been about 2.00​%.
    6·1 answer
  • BBQ Corporation has a target capital structure that is 70 percent equity, 30 percent debt. The flotation costs for equity issues
    6·1 answer
  • Chris's Maid Service began the year with total assets of $120,000 and stockholders' equity of $40,000. During the year the compa
    8·1 answer
  • On May 1, 2025, Hecala Mining entered into an agreement with the state of New Mexico to obtain the rights to operate a mineral m
    11·1 answer
  • According to the law of demand, as prices fall, ceteris paribus
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!