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fomenos
3 years ago
7

Smith Office Equipment Company's budgeted manufacturing overhead is $5,400,000. Overhead is allocated on the basis of direct lab

or hours. The budgeted direct labor hours for the period are 30,000. What is the manufacturing overhead rate?
Business
1 answer:
Alexandra [31]3 years ago
8 0

Answer:

$180 per direct labor hour

Explanation:

Manufacturing overhead rate is calculated by dividing the budgeted overhead by the budgeted level of activity on which the overhead is applied. It is a rate at which the overhead is applied to a product / project/ department.

Manufacturing overhead rate = Budgeted overhead / Budgeted activity

Manufacturing overhead rate = Budgeted overhead / Budgeted direct labor hours

Manufacturing overhead rate = $5,400,000 / 30,000

Manufacturing overhead rate  = $180 per direct labor hour

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Types of imperfect competition
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3 years ago
t applies for a life insurance policy and is told by the producer that the insurer is bound to the coverage as of date
Leto [7]

T applies for a life insurance policy and is told by the producer that the insurer is bound to the coverage as of the date.

The correct answer is "Conditional receipt". A conditional receipt binds the insurer to coverage as of the date of the application or medical exam, provided the proposed insured is determined to be an acceptable risk.

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How is a conditional receipt nice described?

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Learn more about conditional receipt here :- brainly.com/question/14332118

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8 0
1 year ago
Crane Company issued common stock for proceeds of $389000 during 2019. The company paid dividends of $88000 and issued a long-te
ivann1987 [24]

Answer:

$284,000

Explanation:

Calculation to determine what The financing section of the statement of cash flows will report net cash inflows of

Using this formula

Net cash inflows=Common stock-Dividends-Treasury stock

Let plug in the formula

Net cash inflows= $389000-$88000 -$17000

Net cash inflows=$284,000

Therefore The financing section of the statement of cash flows will report net cash inflows of $284,000

6 0
2 years ago
Question 2: Allocating costs using ABC You have an ABC system with three pools number of cost driver units total cost in the poo
allochka39001 [22]

Answer:

Results are below.

Explanation:

<u>To calculate the activities rates, we need to use the following formula on each pool:</u>

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

Pool 1= 20,000/10,000= $2 per direct labor dollar

Pool 2= 15,000/50= $300 per setup

Pool 3= 10,000/200= $50 per hour

<u>Now, we can allocate costs to each product:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Product A:

Pool 1= 2*4,000= 8,000

Pool 2= 300*20= 6,000

Pool 3= 50 *50= 2,500

Total allocated costs= $16,500

Product B:

Pool 1= 2*6,000= 12,000

Pool 2= 300*30= 9,000

Pool 3= 50 *150= 7,500

Total allocated costs= $28,500

8 0
3 years ago
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