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3 years ago

Live Trap Corporation received the data below for its rodent cage production unit.

Business

1 answer:

4vir4ik [10]3 years ago

8 0

Answer:

Total productivity in Units Sold per Dollar Input: 0.95 units;

The total productivity in Dollars of Sales per Dollar Input: $3.69.

Explanation:

* Total productivity in Units Sold per Dollar Input = Units sold / Total production cost = Units sold / ( Wages + Raw material + Component parts ) = 49,000 / ( Production time * wages per hour + raw material + component parts) = 49,000 / ( 644 * 7.9 + 31,500 + 15,250 ) = 0.95 units;

* The total productivity in Dollars of Sales per Dollar Input = Sales revenue / Total production cost = (Units sold * Sell price per unit )/ ( Production time * wages per hour + raw material + component parts) = (3.9 * 49,000) / ( 644 * 7.9 + 31,500 + 15,250 ) = $3.69.

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Departmental overhead rates may not correctly assign overhead costs due to:

Vika [28.1K]

Answer:C.overreliance on volume as a basis for allocating overhead costs where products differ regarding the number of units produced, lot size, or complexity ofproduction.

6 0

3 years ago

Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether the following costs of Procter & Gamble, a maker

AfilCa [17]

Answer:

a. factory overhead cost

b. factory overhead cost

c. factory overhead cost

d. direct labor cost

e. direct materials cost

f. direct labor cost

g. factory overhead cost

h. direct materials cost

i. direct materials cost

j. factory overhead cost

Explanation:

Direct Material Costs and Direct Labor Costs are easily traceable to the cost object whilst its difficult to trace Factory Overhead Costs to the cost object.

8 0

3 years ago

On May 10, 2020, Crane Co. enters into a contract to deliver a product to Greig Inc. on June 15, 2020. Greig agrees to pay the f

belka [17]

Answer and Explanation:

The journal entries are shown below:

1. Accounts receivable a/c Dr $1,840

To Sales revenue a/c Cr $1,840

(Being the sales is recorded)

2. Cost of goods sold a/c Dr $1,170

To Inventory a/c Cr $1,170

(Being the cost of goods sold is recorded)

3. Cash a/c Dr $1,840

To Accounts receivable a/c Cr $1,840

(Being the payment received is recorded)

Only these three entries are recorded

3 0

4 years ago

Adam borrows $4,500 at 12 percent annually compounded interest to be repaid in four equal annual installments. the actual end-of

Kazeer [188]

Use the formula of the present value of an annuity ordinary which is
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv present value 4500
PMTthe actual end-of-year payment?
R interest rate 0.12
N 4 equal annual installments
Solve the formula for PMT
PMT=pv÷[(1-(1+r)^(-n))÷r]
PMT=4,500÷((1−(1+0.12)^(−4))÷(0.12))
PMT=1,481.55

8 0

3 years ago

In year 1, Firm A paid $50,000 cash to purchase a tangible business asset. In year 1 and year 2, it deducted $3,140 and $7,200 d

Tatiana [17]

Solution and Explanation:

a.Compute Firm A’s net cash flow attributable to the asset purchase in each year.Year 2011:

Cost of Asset = ($50,000)

Tax Savings (Annual Depreciation x Tax Rate) $(\$ 3,140 \times 35 \%)$ = $1,099

Net Cash Flow = ($48,901)

Year 2012:

Cost of Asset = N/A

Tax Savings (Annual Depreciation x Tax Rate) ( $\$ 7,200 \times 35 \%$ ) = $2,520

Net Cash Flow = $2,520

b. Compute Firm A’s adjusted basis in the asset at the end of each year.

INITIAL COST OF ASSET = $50000

DEPRECIATION YEAR 1 = (3140)

ADJUSTED BASIS AT END OF YEAR 1 = $46860

YEAR 2 DEPRECIATION = (7200)

ADJUSTED BASIS AT END OF YEAR 2 = $39660

8 0

3 years ago