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velikii [3]
3 years ago
13

All of the following can be used as an allocation base for calculating factory overhead rates except a.direct labor hours b.mach

ine hours c.total units produced d.direct labor dollars
Business
2 answers:
Murljashka [212]3 years ago
7 0

Answer:

C) total units produced

Explanation:

The two most common allocation bases for factory overhead are direct labor hours and machine hours, although direct labor dollars (mount spent on labor) can also be used as a variation of direct labor hours. When you are allocating overhead costs, you want to distribute overhead costs between the production processes, they should be allocated based on the amount of resources spent on the production of each unit or badge of units.

If you applied overhead costs based on total units produced, what would happen if a factory produced more than one type of finished product? And if one of those products required many more processes than the rest, should they all cost the same? E.g. a Toyota factory producing Yaris cars (small compacts) and Land Cruisers (very large SUVs) cannot allocate the same overheard costs to both a Yaris car and a Land Cruiser since 3 Yaris cars fit inside a Land Cruiser. It obviously costs more to produce a Land Cruiser, that is why you shouldn't allocate overhead costs based on total production units.  

liq [111]3 years ago
5 0

Answer:

The correct answer is C. Total units produced.

Explanation:

The following five bases are generally used in calculating the application rate of manufacturing overhead:

1. Production units

2. Direct material cost

3. Direct labor cost

4. Hours of direct labor

5. Machine hours

When he mentions the Production Units, he refers to the product or merchandise produced by the company, that is, what is intended for sale, in which this method is used is very simple, since the information on the units produced is readily available. to apply indirect manufacturing costs. It is based on the unit of finished product.

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You have data for compensation of employees, proprietors' income, rental income, and net interest. Can you compute national inco
qaws [65]

Answer:

Cant calculate

Explanation:

The National Income is the total amount of income accruing to a country from economic activities in a year's time. It includes payments made to all resources either in the form of wages, interest, rent, and profits. In this case, National income can not be calculated because data in corporate profits is missing .

7 0
3 years ago
After all revenue and expense accounts have been closed at the end of the fiscal year, Income Summary has a debit of $2,450,000
murzikaleks [220]

Answer:

income summary   550  debit

     retained earnings      550 credit

--to close income sumary against RE--

Explanation:

To complete the closing entries we should determinate the balance of the Income Summary account and then, transfer into Retained Earnings.

 Income Summary

<u>   Debit        Credit   </u>

2,450

<u>                    3,000    </u>

Balance          550

We will debit income summary so his blanace ends in zero and credit retained earnings so net income is accumualted and added into equity to represent it in the balance sheet.

7 0
3 years ago
Which type of tax provides income for retired and disabled people and their families?
Tju [1.3M]
A. Social security tax
3 0
3 years ago
Read 2 more answers
F banks kept 100 percent of deposits on hand as reserves, the reserve requirement ratio:
Paraphin [41]

Answer:

Option (B) is correct.

Option (D) is correct.

Explanation:

If banks kept 100 percent of deposits on hand as reserves, then this will indicate that all the deposited amount would be saved as reserves. Therefore, the reserve requirement ratio is 100% here which means that:

Reserve ratio = 100%

                      = 100 ÷ 100

                      = 1

and the money multiplier = 1 ÷ reserve requirement ratio

                                          = 1 ÷ 1

                                          = 1

Banks would not be able create new money by giving loans because the reserve requirement ratio is 100%.

7 0
3 years ago
Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: Acquire
cupoosta [38]

Answer:

Total Assets $84,800

Explanation:

Calculation for Maben TOTAL ASSETS

1 Cash increased $ 32,000

2 Cash increased $ 38,000

3 Cash increased by cash revenue $ 50,000

4 Cash decreased by expenses paid ($ 46,000)

5 Cash decreased by the amount of dividend ($ 1,200)

6 Cash received from issue of stock $ 22,000

7 Cash paid to reduce liability ($10,000)

8 Does not have effect on Total Assets $ -

9 It will not be considered for accounting $ -

TOTAL ASSETS $ 84,800

Therefore the amount of total assets that Maben would report on the December 31, Year 1, balance sheet will be the amount of $84,800.

6 0
3 years ago
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