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ivolga24 [154]
4 years ago
11

Before the year​ began, Butler Manufacturing estimated that manufacturing overhead for the year would be​ $176,400 and that​ 13,

800 direct labor hours would be worked. Actual results for the year included the​ following: Actual manufacturing overhead cost ​$185,000 Actual direct labor hours ​ 14,600 The predetermined manufacturing overhead rate per direct labor hour is closest to
Business
1 answer:
grigory [225]4 years ago
3 0

Answer:

manufacturing overhead rate =$12.78

Explanation:

Giving the following information:

Butler Manufacturing estimated that:

Manufacturing overhead $176,400

Direct labor hour 13,800.

Actual results for the year:

The actual manufacturing overhead costs ​$185,000.

Actual direct labor hours ​ 14,600.

We need to calculate the predetermined manufacturing overhead rate per direct hour

manufacturing overhead rate = 176400/13800hours= $12.78

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On January 1, Parson Freight Company issues 7%, 10-year bonds with a par value of $2,000,000. The bonds pay interest semiannuall
Minchanka [31]

Answer:

The correct option is Debit Cash $1,864,097; debit Discount on Bonds Payable $135,903; credit Bonds Payable $2,000,000.

Explanation:

This question is an instance of bonds issued at a discount. This happens when a bond is issued below the face value of the bond and also happens when the coupon rate on the bond payable is less than the market rate.

The face value of the bond payable is $2,000,000 while the market value is $1,864,097, so there is a discount of $2,000,000 - $1,864,097 = $135,903 on the bond payable, which is to be amortized over the life of the bond payable.

So, the appropriate journals to record this transaction is as provided above.

4 0
3 years ago
Black Diamond Company produces snow skis. Each ski requires 2 pounds of carbon fiber. The company’s management predicts that 6,1
frutty [35]

Answer:

Production for the third quarter   159,500

Explanation:

Sales for the period           161,000

Desired ending inventory    4,600

Total production needs     165,600

Beginning Inventory             (6,100)

Production for the third quarter   159,500

The sales for the period and the desired ending inventory are the total units we need for the quarted.

the beginning inventory reduces the production because are units we already have

5 0
3 years ago
Daily demand for a certain product is normally distributed with a mean of 138 and a standard deviation of 13. The supplier is re
VMariaS [17]

Answer:

A. Continuous review system

B. Order quantity = 2,049 Books

C. Reorder point=987

Explanation:

a. To manage inventory, the company is using CONTINUOUS REVIEW SYSTEM

b. Calculation to find the order quality

Using this formula

Order quantity = √((2DS)/H)

Let plug in the morning

Order quantity=√ ((2 x 49,404 x 17)/0.40)

Order quantity = 2,049 Books

Calculation for annual demand

Annual demand=138*358 days

Annual demand=49,404

C. Calculation for reorder point

First step is to find the σL

73 % S.L. - z = 0.613

Using this formula to find the σL

σL = (Lσ^2)

Let plug in the formula

σL=√(7(13)^2)

σL= 34.39

Second step is to find the Reorder point using this formula

Reorder point = d bar(L) + zσL

Let plug in the formula

Reorder point = (138)(7) + 0.613(34.39)

Reorder point = 966+21

Reorder point=987

4 0
3 years ago
The purpose of a program is to provide listeners with
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3 years ago
Which device deployment model gives businesses significant control over device security while allowing employees to use their de
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<u>COPE device deployment model</u> gives businesses significant control over device security while allowing employees to use their devices to access both corporate and personal data.

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This models helps and gives authority to the organizations to protect their data legally. The companies decided which software and which devices models to be used.

COPE is the Opposite of BYOD (Bring your on Devices) and this business strategy is facing a decline because of the increasing cyber attacks. Employees personal devices put the company's data at risk and that is why COPE model is much more reliable.

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1 year ago
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