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maria [59]
3 years ago
6

Lancelot Manufacturing is a small textile manufacturer using machineminushours as the single indirectminuscost rate to allocate

manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Case High School band jacket job. Company Case High School Job Direct materials $ 47 comma 000 $ 2 comma 200 Direct labor $ 25 comma 000 $ 500 Manufacturing overhead costs $ 36 comma 000 Machineminushours 90 comma 000 mh 900 mh What amount of manufacturing overhead costs will be allocated to this​ job? A. $ 360 B. $ 1 comma 080 C. $ 220 D. $ 610
Business
1 answer:
Fynjy0 [20]3 years ago
8 0

Answer:

Overhead absorption rate = Budgeted overhead

                                              Budgeted machine hours

                                            = $36,000/90,000 hrs

                                           = $0.4 per machine hour

The amount of manufacturing overhead to be allocated to the job

= $0.4 x 900 machine hours

= $360

Explanation:

There is need to calculate the overhead absorption rate which is budgeted manufacturing overhead divided by budgeted activity level.

Then, we will multiply the overhead absorption rate by the actual machine hours of 900 hours.

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8 0
3 years ago
If the stadium made $2,150,000 last year for sports events but only made $1,650,000 this year, what is the percentage decrease i
stellarik [79]

23% decrease.


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6 0
3 years ago
Read 2 more answers
Emma, the marketing manager, is constantly seeking information about her competition while looking online or speaking to people.
MariettaO [177]

Answer:

The correct answer would be, Monitor.

Explanation:

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Monitor's role is to reassure the professionals or institutions about the stability of the company. Monitor sets a close look at the competitors and the possible competition he can encounter, while working on making networks. Monitors make networks by talking to people and have a look at every possible beneficial detail. So the Marketing managers usually act as the monitors. This is because they can have all the information which is required to formulate the powerful marketing strategy for the company.

8 0
2 years ago
if an interest inventory reveals that you are highly interested in solitary, introverted work, what might be the best type of ca
Softa [21]
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8 0
3 years ago
On January 1, 2018, Gillock Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cos
Licemer1 [7]

Answer:

Pension Expense = EBE = $593440 for income statement

Explanation:

The opening balance of the Plan asset is made by the 40000 from 2018 plus interest of 32000 and the new 400000 made this year. Why include it? Because an opening balance are the funds in an account at the beginning of the year either from last year or are from current year but should be the first entry in the books of the current year.

                                                                 DBO                plan asset       EBE

opening balance                                   (600000)            832000             -

interest                                                   ( 60000)              66560            6560

current year's service cost                    (600000)                               (600000)

                                                            (  1260000 )            898560      <u> 593440</u>

 balance sheet liability = 361440

5 0
3 years ago
Read 2 more answers
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