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LenaWriter [7]
3 years ago
6

Morataya Corporation has two manufacturing departments--Machining and Assembly. The company used the following data at the begin

ning of the year to calculate predetermined overhead rates: Machining Assembly Total Estimated total machine-hours (MHs) 7,000 3,000 10,000 Estimated total fixed manufacturing overhead cost $ 39,200 $ 6,600 $ 45,800 Estimated variable manufacturing overhead cost per MH $ 1.90 $ 2.10 During the most recent month, the company started and completed two jobs--Job B and Job G. There were no beginning inventories. Data concerning those two jobs follow: Job B Job G Direct materials $ 14,800 $ 8,300 Direct labor cost $ 22,000 $ 8,900 Machining machine-hours 4,800 2,200 Assembly machine-hours 1,200 1,800 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The amount of manufacturing overhead applied to Job B is closest to: (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
EleoNora [17]3 years ago
3 0

Answer: $39,240

Explanation:

Total variable cost:

= (variable manufacturing overhead cost per MH × Estimated total machine-hours) of machining and Assembly

= (1.9 × 7000 + 2.1 × 3000)

= $19,600

Overhead\ rate = \frac{Total\ overhead}{Total\ machine\ hours}

Overhead\ rate = \frac{45,800 + 19,600}{10,000}

                                 = 6.54

Overhead applied to machine B:

=  Overhead rate × Machining machine-hours(4,800 + 2,200)

= 6.54 × 6,000

= $39,240

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Answer:

Find attached complete part  of the question.

The unrealized gains is $3500

Explanation:

Y stock has been disposed and its gains or losses are now realized, and it is not applicable to our computation now.

Unrealized gains or losses is the difference between purchase price of a stock and its current market price

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3 0
3 years ago
Suppose that over the past year, the nominal interest rate was 5 percent, the CPI was 150.3 at the end of the year, and the CPI
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Answer:

The correct answer is option c.

Explanation:

The nominal interest rate was 5 percent.

The CPI was 150.3 at the end of the year, and the CPI was 144.2 at the beginning of the year.

The 5% nominal interest rate means that the dollar value of savings increased at 5%.

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The real interest rate

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2 years ago
Read 2 more answers
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Answer:

24,000 units

Explanation:

Given:

Budgeted sales for January = 30,000

Budgeted sales for February = 20,000

Opening inventory in January = 7,500

Desired ending inventory = 20% of sales in February

                                        = 0.2 × 20,000

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Units required in January = 30,000 + 4,000

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Units to be produced in January = 34,000 - opening inventory

                                                   = 34,000 - 7,500

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Budgeted sales for February = 20,000

Budgeted sales for March = 40,000

Opening inventory in February is closing inventory of January = 4,000

Desired ending inventory = 20% of sales in March

                                        = 0.2 × 40,000

                                        = 8,000 units

Units required in February = 20,000 + 8,000

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Units to be produced in February = 28,000 - opening inventory

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                                                         = 24,000 units

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