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
seropon [69]
2 years ago
14

Snape Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hour

s. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours. The company recently completed Job M800 which required 150 direct labor-hours. The predetermined overhead rate is closest to: a. $7.10 per direct labor-hour b. $11.90 per direct labor-hour c. $2.40 per direct labor-hour d. $9.50 per direct labor-hour
Business
1 answer:
AfilCa [17]2 years ago
7 0

Answer:

Estimated manufacturing overhead rate= $9.5 per direct labor hour

Explanation:

Giving the following information:

The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

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

Estimated manufacturing overhead rate= (497,000/70,000) + 2.4

Estimated manufacturing overhead rate= $9.5 per direct labor hour

You might be interested in
Which of the affirmative action strategies would involve an employer changing the company policy or the way an organization is d
TiliK225 [7]

Identifying and removing employment practices which are working against minority applicants and employees is the affirmative action strategies would involve an employer changing the company policy or the way an organization is decorated.

Affirmative action includes a set of policies and practices within a government or organization which seeks to include particular groups based on their race, gender, sexuality, or nationality.

In no way does affirmative action require an employer to hire an unqualified minority over a qualified non minority, which is important to note. Thus, affirmative actions include outreach efforts, training programs, and other positive steps.  

Hence, affirmative action gives a certain advantage to the minority groups in the recruitment process.

To learn more about affirmative action here:

brainly.com/question/15393594

#SPJ4

8 0
2 years ago
Bond valuationlong dashSemiannual interest Find the value of a bond maturing in 4 ​years, with a ​$1 comma 000 par value and a c
algol [13]

Answer:

824.28

Explanation:

Market price of a bond is the total sum of discounted coupon cashflow and par value at maturity. This is a 4-year bond with semi-annual payment so there will be 8 coupon payment in total. Let formulate the bond price as below:

Bond price = [(Coupon rate/2) x Par]/(1 + Required return/2) + [(Coupon rate/2) x Par]/(1 + Required return/2)^2 + ... + [(Coupon rate/2) x Par + Par]/(1 + Required return/2)^8

Putting all the number together, we have

Bond price = [(4.5%) x 1000]/(1 + 7.5%) + [(4.5%) x 1000]/(1 + 7.5%)^2 + ... + [(4.5%) x 1000 + 1000]/(1 + 7.5%)^8

                  = 824.28

7 0
2 years ago
3. There are concerns about an increase in unemployment due to the slowdown in manufacturing. a) What effect would an increase i
Vikki [24]
Equilibrium wage means that it is the wage paid on employees where supply and demand are equal.

All persons looking for work at the going wage will be able to find jobs in an equilibrium setting.

an increase in the unemployment rate will result to a decrease on the equilibrium wage.
6 0
3 years ago
Read 2 more answers
This​ year, Druehl,​ Inc., will produce 57,600 hot water heaters at its plant in​ Delaware, in order to meet expected global dem
VLD [36.1K]

Answer:

The number of labor employed by the plant is 160

Explanation:

The computation of the labor employed at the plant  is shown below:

= Yearly production ÷ (labor hours per month × productivity × month per year)

= 57,600 ÷ (200 hours × 0.15 × 12)

= 57,600 ÷ 360

= 160

Hence, the number of labor employed by the plant is 160 and the same is to be considered

We simply applied the above formula

8 0
3 years ago
The unadjusted and adjusted trial balances for American Leaf Company on October 31, 2018, follow:
Rashid [163]

Answer:

1. Dr Accounts Receivable $6

Cr Fees Earned $6

2. Dr Supplies Expense $3

Cr Supplies $3

3. Dr Insurance Expense $12

Cr Prepaid Insurance $12

4. Dr Depreciation Expense $5

Cr Accumulated Depreciation—Equipment $5

5. Dr Wages Expense $2

Cr Wages Payable $2

Explanation:

Preparation of the five journal entries that adjusted the accounts at October 31, 2018.

1. Dr Accounts Receivable $6

Cr Fees Earned $6

($44-$38)

(To Accrued fees earned)

2. Dr Supplies Expense $3

Cr Supplies $3

($10-$7)

(To record Supplies used)

3. Dr Insurance Expense $12

Cr Prepaid Insurance $12

($22-$10)

(To record Insurance expired)

4. Dr Depreciation Expense $5

Cr Accumulated Depreciation—Equipment $5

($12-$7)

(To record Equipment depreciation)

5. Dr Wages Expense $2

Cr Wages Payable $2

($2-$0)

(To record Accrued wages)

4 0
3 years ago
Other questions:
  • Creative Sound Systems sold investments, land, and its own common stock for $33.0 million, $14.7 million, and $39.4 million, res
    10·1 answer
  • In its first year of operations, Wildhorse Co. recognized $33,700 in service revenue, $7,800 of which was on account and still o
    15·1 answer
  • Jake is leaving Shoe Warehouse to open his own shoe boutique. Jake currently earns $40,000 a year at Shoe Warehouse, but he is e
    11·1 answer
  • 5. Which is an external users of accounting?
    11·1 answer
  • Indigo Corporation had a projected benefit obligation of $3,386,000 and plan assets of $3,617,000 at January 1, 2020. Indigo als
    14·1 answer
  • Under the Securities Act of 1933, which of the following would MOST LIKELY be included in the definition of an underwriter? a. A
    7·1 answer
  • Tom and Jerry have two tasks to do all day: make dishes and build fences. If Tom spends all day making dishes, he will make 16 d
    15·1 answer
  • An advantage of Describe multichannel marketing is that catalogs can serve a shopping tools for online purchasing, as they do fo
    11·1 answer
  • Amazon is considered one of the best digital marketers and is known for establishing relationships with customers. The company t
    5·1 answer
  • Asset deflation: Multiple select question. reflects a decline in the productive capacity of assets and therefore reduces potenti
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!