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hammer [34]
3 years ago
15

Gwinnett County Chrome Company manufactures three chrome-plated products—automobile bumpers,valve covers, and wheels. These prod

ucts are manufactured in two production departments (Stamping and Plating). The factory overhead for Gwinnett County Chrome is $239,200.
The three products consume both machine hours and direct labor hours in the two production departments as follows:

Direct Labor Hours Machine Hours
Stamping Department
Automobile bumpers 560 800
Valve covers 300 560
Wheels 340 600
Subtotal 1200 1960

Plating Department:
Automobile bumpers 170 1170
Valve covers 180 710
Wheels 175 760
Subtotal 525 2640
Total 1725 4600

The management of Gwinnett County Chrome Company now plans to use the multiple production department factory overhead rate method. The total factory overhead associated with each department is as follows:

Stamping Department $120,000
Plating Department 104,000
Total $224,000

Required:
a. Determine the multiple production department factory overhead rates, using direct labor hours for the Stamping Department and machine hours for the Plating Department.
b. Determine the product factory overhead costs, using the multiple production department rates in (a).
Business
1 answer:
Natali5045456 [20]3 years ago
6 0

Answer and Explanation:

1. The computation of Stamping Department and machine hours is shown below:-

Stamping department = Associated Overheads ÷ Total Direct Labor hours

= $120,000 ÷ 1,200

= $100

Plating Department = Associated Overheads ÷ Total Machine hours

= $104,000 ÷ 2,640

= $39.39

2. The computation of product factory overhead costs is shown below:-

Stamping Department = Direct Labor hour × overhead rate

Plating Department = Machine hours × Overhead rate

Particulars            Automobile lamps    Valve Covers         Wheels

Stamping

Department              $56,000                    $30,000          $34,000

                               (560 × $100)            (300 × $100)     (340 × $100)

Plating

Department                $117,000                   $71,000          $76,000

                               (1,170 × $100)           (710 × $100)      (760 × $100)

Total Factory

overhead                    $173,000                 $101,000            $110,0

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Cash flows directly related to production and sale of the firm's products and services are called?
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A  cash flows directly related to production and sale of the firm's products and services are  called Operating cash flow .

<h3>What is operating cash flows and 3 types of cash flows? </h3>

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6 0
1 year ago
With an unrelated diversification strategy, the types of companies that make particularly attractive acquisition targets are:A.
kramer

Answer:

<em>.C. cash cow businesses with an excellent financial fit</em>

Explanation:

With an unrelated diversification strategy, the types of companies that make particularly attractive acquisition targets are:A. struggling companies with good turnaround potential, undervalued companies that can be acquired at a bargain price, and companies that have bright growth prospects but are short on investment capital.B. companies offering the biggest potential to reduce labor costs.C. cash cow businesses with an excellent financial fit.D. companies that are market leaders in their respective industries.E. companies that are employing the same basic type of competitive strategy as the parent corporation’s existing businesses.

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Answer:

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The relevant cost:

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Therefore the relevant cost of the 880 liters of the raw material when deciding how much to bid on the special order will be $5,456

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Imagine that a local water company issued $10,000 ten-year bond at an interest rate of 6%. You are thinking about buying this bo
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Answer:

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