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Elena-2011 [213]
3 years ago
10

Ma Barker Company has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply man

ufacturing overhead to jobs. Manufacturing overhead cost and direct labor hours were estimated at $100,000 and 40,000 hours, respectively, for the year. In July, Job #334 was completed at a cost of $5,000 in direct materials and $2,400 in direct labor. The labor rate is $6 per hour. If Job #334 contained 200 units, the unit product cost on the completed job cost sheet would be:
Business
1 answer:
Sophie [7]3 years ago
7 0

Answer:

Job 334 total cost:    $  8,400

Unit cost: 8,400 / 200 = $  42

Explanation:

Total cost: Material + Labor + Overhead

Material: 5,000

Labor:     2,400

<u></u>

<u>Overhead:</u>

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

We distribute the expected cost over the expected base:

expected cost: 100,000

cost driver: 40,000 labor hours

cost per hour: 100,000 / 40,000 = <u>2.5 predetermined overhead</u>

Now we multiply this rate by the hours of the job to know Applied Overhead:

job labor hours x overhead rate:

Job #334 had 2,400 labor cost / $6 rate per hour = 400 hours

400 x 2.5 = 1,000

Total cost: 5,000 + 2,400 + 1,000 = 8,400

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SSSSS [86.1K]

Answer:

C. moral hazard.

Explanation:

Moral hazard -

It is the condition , where the person take more risk , as he or she is aware that someone else need to bear the risk , is known as moral hazard .

In this case , one of the party can change the damage of  other after any type of monetary transaction has occurred .

Hence , from the question ,

The statement given in the question , is about Moral hazard .

3 0
3 years ago
If the marginal propensity to consume is equal to 0.85, then a $500 increase in disposable income leads to a:
AlekseyPX

The question is incomplete. The complete question is stated below.

If the marginal propensity to consume is equal to 0.85, then a $500 increase in disposable income leads to a:

a. $400 increase in consumption spending

b. $75 increase in consumption spending

c. $425 increase in personal saving

d. $75 increase in personal saving

Answer:

If a $500 increase causes an increase of $425 in consumer spending, the rest of $75 is the increase in personal saving. Thus, option D is the correct answer.

Explanation:

The marginal propensity to consume or MPC is the percentage of the additional income that will be used for consumption spending. It is a concept that is used to calculate how much of an increase in income will be used in consumption and saving. The formula to calculate MPC is,

MPC = Change in consumer spending / Change in income

0.85 = Change in consumer spending / 500

500 * 0.85 = Change in consumer spending

Change in consumer spending = $425

If a $500 increase causes an increase of $425 in consumer spending, the rest of $75 is the increase in personal saving.

8 0
3 years ago
Which example best describes reducing risky behavior?
Vaselesa [24]

Answer:

deciding not to buy a car

8 0
3 years ago
Every T account has two sides, credit and credit side.<br><br>True<br>False​
ioda

Answer:

False

Explanation:

The two sides are DEBIT and credit.

3 0
3 years ago
One reason to buy a home instead of rent a home is:
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Less money up front equals it to be better than renting an appartment
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3 years ago
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