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irakobra [83]
2 years ago
10

Basic Company uses activity-based costing. Assume the predetermined overhead allocation rates are $0.90 per machine hour for mix

ing department and $2.20 per test for sampling department. Assume that each unit requires 3 machine hours and 2 tests. What is the mixing and sampling cost assigned to one unit?
Business
1 answer:
zzz [600]2 years ago
3 0

Answer:

$2.70 mixing; $4.40 sampling

Explanation:

Mixing:

Cost assigned to one unit = Rate machine hour for mixing * requires machine hours for each unit

Cost assigned to one unit = ($0.90 * 3 machine hours)

Cost assigned to one unit = $2.70

Sampling:

Cost assigned to one unit = Rate test for sampling department * tests requires per unit

Cost assigned to one unit = ($2.20 * 2 tests)

Cost assigned to one unit = $4.40

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6 0
2 years ago
Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $74,000 and $3,900, r
Nadya [2.5K]

Answer:

The 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

Explanation:

The non-collectible accounts expenses on its Year 2 income statement is shown below:

= Ending balance + write off balance - opening balance

= $6,000 + $7,200 - $3,900

=$9,300

The accounts receivable is not to be considered because we have to find out the uncollectible accounts expense, so the account receivable balance should not be taken in the computation part.

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3 years ago
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2 years ago
Exercise 19-08 a-b Oriole Corporation incurred the following costs while manufacturing its product.
telo118 [61]

Answer:

$371,700

Explanation:

The computation of the cost of goods sold is shown below:

Cost of goods manufactured  = Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work in process inventory - ending work in process inventory

where,

Manufacturing overhead cost is

= Depreciation on plant + Factory supplies used + Property tax on plant

= $61,000 + $29,300 + $21,800

= $112,100

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= $126,400 + $113,500 + $112,100 + $14,600 - $16,700

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6 0
3 years ago
__________ is a contra asset account representing the amount of accounts receivable that we do not expect to collect.
maw [93]

Answer:

Allowance for uncollectible accounts

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This account is a contra asset account which says that the account receivable amount is not collected in near future

It is shown in the asset side of the balance sheet

Assets side

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Accounts receivable                           XXXXX

Less: Allowance for doubtful debts   (XXXXX)

Net accounts receivable                       XXXXX

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3 years ago
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