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3 years ago

Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products follow:

Business

1 answer:

sveta [45]3 years ago

7 0

Answer:

activitity rate:

$\left[\begin{array}{ccccc}$Activity&$Driver&$cost&$Total&$Rate\\$Machine Setups&setups&72,000&400&180\\$Special processing&$machine hours&200,000&5,000&40\\$General factory&$direct labor hours&816,000&24,000&34\\\end{array}\right]$

sprocked unit cost: $ 38.95

hub units cost: $ 93.00

Explanation:

We divide teh cost pool over the total of the cost driver.

This give us the activitty rate.

Then we multiply each rate by the use of each product:

And divide by the total units to get the unti manufacturing overhead

$\left[\begin{array}{ccc}$Activity&$Hubs&$Sprockets\\$Machine Setups&18,000&54,000\\$Special processing&200,000&0\\$General factory&272,000&54,4000\\$Total&490,000&598,000\\$Units&10,000&40,000\\$Overhead per unit&49&14.95\\\end{array}\right]$

Finally we add the cost component:

Sprocked:

materials $ 18 + $ 15 x 0.40 units + $ 14.95 = 38.95

Hubs

materials $ 32 + $ 15 x 0.80 units + $ 49 = 93

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Answer:

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Explanation:

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________ measures the percentage of profit earned on each sales dollar before interest and taxes but after all costs and expense

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3 years ago

This is not an appropriate business use for a wiki.

kifflom [539]

I'd say D, thatd be my best guess

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Luden [163]

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gulaghasi [49]

Answer:

price of the bonds:

$1,000,000 / (1 + 6%)⁶ = $704,961

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Dr Cash 950,826

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Cr Bonds payable 1,000,000

Assuming straight amortization of discount = $49,174 / 6 = $8,195.67

February 1, 2020, first coupon payment

Dr Interest expense 58,196

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Dr Interest expense 58,195

Cr Cash 8,195

Cr Discount on bonds payable 50,000

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Dr Interest expense 3,879

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2 years ago