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pickupchik [31]
3 years ago
5

Sunglasses Unlimited Company manufactures sunglasses. Following is a list of costs the company incurred during May (Click the ic

on to view the items.) Use the list to calculate the total manufacturing overhead costs for the month. Data Table (in $)Glue for frames 250Depreciation on company cars used by sales force 4,000Plant depreciation 7,500Interest Expense 1,500Lenses 52,000 Company president's salary 24,500Plant foreman's salary 3,500 Plant janitor's wages 1,300 Oil for manufacturing equipment 150
Business
1 answer:
USPshnik [31]3 years ago
7 0

Answer:

total manufacturing overhead 8,950

Explanation:

Manufacturing Overhead Cost for the month:

Plant Depreciation 4,000

foreman's salary     3,500

Plant janitor's           1,300

Oil for equipment<u>       150  </u>

Total                        8,950

For the manufacturing overhead we will add the cost associate with the manufacturing of goods.

We will recognize procedure or concepts that related to manufacting to, capitalize through inventory

The president's salary is not part of the manufacturing cost. Neither the car used for sale, they are expense for the period.

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Hardy Inc. has two operating departments (1 and 2) and is considering renting a new machine to help automate the printing proces
gayaneshka [121]

Answer:

$6,900

Explanation:

When you use the incremental cost allocation method, you must rank cost activities and how they will be allocated. In this case, department 2 is the primary user, and therefore, rental costs must be allocated first to them. Rental costs will be allocated at a $25/hour rate.

Since department 1 is the next user, 100 hours will be allocated using the same rate as department 2, but the next 200 hours will be allocated at the lower $22/hour rate. Total rental cost allocation to department 1 = (100 x $25) + (200 x $22) = $2,500 + $4,400 = $6,900

5 0
3 years ago
Dilution Solutions, Inc. repurchased 500 shares of its $2 par value common stock for $10,000. The effect of this transaction on
Sedbober [7]

Answer: $10,000 increase in Treasury Stock

Explanation:

Treasury stock, is also known refered to as the treasury shares and it occurs when stock is bought buy the issuing company back from the stockholders.

This results in the reduction in the total number of outstanding shares that can be found on the open market. In the above scenario, since Dilution Solutions, Inc. repurchased 500 shares of its $2 par value common stock for $10,000, this will bring about a $10,000 increase in the treasury stock.

3 0
3 years ago
Newton Bay is a sparsely populated area. The government plans to build an international airport there and announce this plan Pub
ad-work [718]

Answer

The demand for land will increase. and the price of land will increase.

3 0
4 years ago
Read 2 more answers
One of two methods must be used to produce expansion anchors. Method A costs $80,000 initially and will have a $15,000 salvage v
kaheart [24]

Answer:

Method b

Explanation:

Present worth can be calculated using a financial calculator

For method A ,

Cash flow in year 0 = $80,000

Cash flow in year 1 and 2 = $30,000

Cash flow in year 3 = $30,000 - $15,000 = $15,000

I = 12%

Present worth = $141,378.23

For method B,

Cash flow in year 0 = $120,000

Cash flow in year 1 and 2 = $8, 000

Cash flow in year 3 = $8,000 - $40,000 = $-32,000

I = 12%

Present worth = $110,743.44

Method b would is chosen because it worth less.

To find the present worth using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

4 0
3 years ago
Exercise 15-2 On January 1, 2017, Klosterman Company issued $420,000, 12%, 10-year bonds at face value. Interest is payable annu
Maslowich

Answer:

The journal entry to record the bond issuance is shown below:

Explanation:

The journal entry to record the bond issuance is as:

Cash A/c.............................................Dr  $420,000

        Bonds Payable A/c......................Cr  $420,000

Being the bonds issued

As the bonds are issued by the company so cash is coming into the business, which is an asset and any increase in asset is debited. Therefore, the cash account is debited. And cash is received against the bonds payable, so the account of bonds payable is credited.

6 0
4 years ago
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