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andre [41]
3 years ago
9

Swifty, Inc. manufactures two products: missile range instruments and space pressure gauges. During April, 50 range instruments

and 200 pressure gauges were produced, and overhead costs of $90,810 were estimated. An analysis of estimated overhead costs reveals the following activities.
Activities

Cost Drivers

Total Cost

1. Materials handling Number of requisitions
$38,850

2. Machine setups Number of setups
26,190

3. Quality inspections Number of inspections
23,520

$88,560


The cost driver volume for each product was as follows.
Cost Drivers

Instruments

Gauges

Total

Number of requisitions 420 630 1,050
Number of setups 225 260 485
Number of inspections 265 225 490
Air United, Inc. manufactures two products: missil

Air United, Inc. manufactures two products: missil
Determine the overhead rate for each activity.
Overhead Rate

Materials handling $


Machine setups $


Quality inspections $
Business
1 answer:
aniked [119]3 years ago
7 0

Answer:

Material handling= $37 per requisitons

Setups= $54 per setup

Inspections= $48 per inspection

Explanation:

Giving the following information:

Activities - Cost Drivers - total cost

Materials handling - Number of requisitions - $38,850

Machine setups - Number of setups - $26,190

Quality inspections - Number of inspections - $23,520

Number of requisitions= 1,050

Number of setups= 485

Number of inspections= 490

To calculate the estimated manufacturing overhead rate we need to use the following formula for each activity cost pool:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Material handling= 38,850/1,050= $37 per requisitons

Setups= 26,190/485= $54 per setup

Inspections= 23,520/490= $48 per inspection

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Tema [17]

Answer:

He must report 15,000 gain in his year 8 tax...........

4 0
3 years ago
“For deposit only” is what type of endorsement check?
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Accounts receivable turnover and days’ sales in receivables For two recent years, Robinhood Company reported the following: 20Y9
jasenka [17]

Answer:

Accounts receivable for 2019 = $590,000

Accounts receivable for 2018 = $570,000

Explanation:

The computation of accounts receivable for both years is shown below:-

                                2019                      2018

Sales                               $7,906,000        $6,726,000

Accounts receivable

Beginning balance          $600,000            $540,000

Ending balance                $580,000             $600,000

Accounts receivable       $590,000             $570,000

Working note:-

Average Accounts receivable for 2019 = ($600,000 + $580,000) ÷ 2

= $590,000

Average Accounts receivable for 2018 =  ($540,000 + $600,000) ÷ 2

= $570,000

7 0
3 years ago
J Crane, Ltd. is a local coat retailer. The store’s accountant prepared the following income statement for the month ended Janua
kari74 [83]

Answer:

                                                J Crane, Ltd

                           Contribution Margin Income Statement

                           For the Month ended January 31 YY

                                                                      $                       $

Sales revenue                                                                 750,000

Less Variable cost :

Cost of goods sold                                  300,000

Selling expenses                                     19,500

Admin Expense                                      <u> 37,500</u>

                                                                                       <u>  357,000 </u>                

Contribution Margin                                                        393,000

Less Fixed cost :

Selling expense                                       4,060

Administrative expense                         <u> 12,000</u>

                                                                                       <u>  16,060 </u>

Net income                                                                     <u> </u><u>376,940</u>

<u />

<u>Working:</u>

Number of Coat sold = 750,000/250 = 3000 coats

Variable costs:

Selling expenses = 6.5 x 3000 = 19500

Admin Expense = 750,000 x 5% = 37,500

Fixed cost:

Selling expenses = 23560 - 19500 = 4060

Admin Expense = 49,500 - 37,500 = 12,000

4 0
3 years ago
The recent dividend payout by IBM was $3.00. IBM's dividends are expected to grow about 6.5% per year. If your required rate of
9966 [12]

Answer:

Answer for question :

The recent dividend payout by IBM was $3.00. IBM's dividends are expected to grow about 6.5% per year. If your required rate of return is 17%. What is the expected stock price two years from now. Round the answer to the nearest integer " is as explained below.

Explanation:

1. the expected stock price two years from now = 3 * 1.065^3/(0.17 - 0.065)  

the expected stock price two years from now = 34.51

2. FV = 0, N = 8, PMT = 288, rate = 4%

use PV funciton in Excel    

value at time 0 = 1939.03

3 0
3 years ago
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