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Vinvika [58]
3 years ago
15

Jurica Corporation has two production departments, Forming and Customizing. The company uses a job-order costing system and comp

utes a predetermined overhead rate in each production department. The Forming Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Forming Customizing Machine-hours 19,000 15,000 Direct labor-hours 4,000 6,000 Total fixed manufacturing overhead cost $ 100,700 $ 63,000 Variable manufacturing overhead per machine-hour $ 2.00 Variable manufacturing overhead per direct labor-hour $ 3.90 The predetermined overhead rate for the Forming Department is closest to:
A. $23.12 per machine-hour
B. $5.30 per machine-hour
C. $2.00 per machine-hour
D. $7.30 per machine-hour
Business
1 answer:
nlexa [21]3 years ago
8 0

Answer:

D. $7.30 per machine hour

Explanation:

The computation of Overhead Per Machine Hour is shown below:-

Overhead Per Machine Hour = Fixed Cost + Variable Overhead Cost ÷ Number of hours

= ($100,700 + (19,000 × $2)) ÷ 19,000

= ($100,700 + $38,000) ÷ 19,000

= $138,700 ÷ 19,000

= $7.30 per machine hour

So, for computing the Overhead Per Machine Hour we simply applied the above formula.

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Answer:

<em>a. Select Process Multiple Reports from the Reports menu.</em>

Explanation:

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One might want to <em>print a series of monthly reports for your files using this function</em> (e.g. monthly Profit and Loss and Balance Sheet reports).

Because Quickbooks is unable to handle several Report Center files, one must start with the Report menu.

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4 0
3 years ago
The application of multiple regression analysis to a data set yields an F statistic that is highly significant and t ratios that
dolphi86 [110]

Answer:

(B) multicollinearity is present.

Explanation:

Multicollinearity -

It is the process where , one of the predictor variable in the multiple regression model can be linearly predicted from the others with  the substantial degree of accuracy , is known as multicollinearity or  collinearity .

<u>In this case , the coefficient estimated of the multiple regression can change erratically for even a small change in the model .</u>

hence , from the question , the indication is of (B) multicollinearity is present .

6 0
3 years ago
You are operating a pwc. what is most likely to create a blind spot that blocks other boats from seeing you?
harkovskaia [24]
A PWC is a Personal Water Craft or a water scooter. When using a PWC, what will most likely create a blind spot that will blocks other boats from seeing you is passing too closely behind other vessels. One has to keep a respectable distance from other vessels. Headlight also can also create a blind spot and prevent other users from seeing you.
8 0
3 years ago
The super prize in a contest is $10 million. This prize will be paid out in equal yearly payments over the next 20 years. If the
Angelina_Jolie [31]

Answer:

contest sponsors have to deposit $6795163.17 in the escrow account

Explanation:

given data

amount = $10 million

time = 20 year

rate = 4 %

to find out

how much do the contest sponsors have to deposit in the escrow account

solution

we know Cash flow per period = 10000000/20 = $500000

we will apply here future value formula to find amount

future value = cash flow × \frac{1-(1+r)^{-t}}{r}

here r is rate and t is time

put here value

future value = 500000 × \frac{1-(1+0.04)^{-20}}{0.04}

future value = 6795163.1724

so contest sponsors have to deposit $6795163.17 in the escrow account

4 0
4 years ago
If you want to recognize revenue during the period in which the related sales activity occurred, which accounting method would y
AlexFokin [52]

Answer:

a. Accrual accounting

Explanation:

Accounting method in which the revenue and expenses are recorded in the month in which its activities occurred regardless of cash is received or paid. Cash-basis accounting is referred to the recognition of revenue and expenses when the cash relating to the activities received or paid. So If we want to recognize revenue during the period in which the related sales activity occurred, we will use accrual accounting method.

8 0
4 years ago
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