1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
arlik [135]
3 years ago
9

Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity co

st pools is provided below for the year 2020. Activity Cost Pools Estimated Overhead Estimated Use of Cost Drivers per Activity Ordering and receiving $89,886 14,200 orders Food processing 474,925 60,500 machine hours Packaging 1,574,540 421,000 labor hours For 2020, the company had 11,400 orders and used 50,300 machine hours, and labor hours totaled 506,000. Calculate the overhead rates for each activity. (Round answers to 2 decimal places, e.g. 12.25.) Overhead Rates Ordering and receiving $ per order Food processing $ per machine hour Packaging $ per labor hour What is the total overhead applied? Total overhead applied $ Click if you would like to Show Work for this question
Business
1 answer:
zavuch27 [327]3 years ago
7 0

Answer:

Overhead Rates

Ordering and receiving $ 6.33 per order

Food processing $   7.85 per machine hour

Packaging $  3.73  per labor hour

Total overhead applied $ 2354055

Explanation:

              Activity              Estimated                          Estimated Use of

             Cost Pools        Overhead                   Cost Drivers per Activity

Ordering and receiving $89,886                    14,200 orders

Food processing          474,925                    60,500 machine hours

Packaging                   1,574,540                   421,000 labor hours

For 2020, the company had 11,400 orders and used 50,300 machine hours, and labor hours totaled 506,000

Overhead Rates

Ordering and receiving $89,886/14,200  order = $ 6.33 per order

Food processing $   474,925 / 60,500 machine hour = $7.85 per machine hour

Packaging $  1,574,540/ 421,000  labor hour= $ 3.73  per labor hour

Total overhead applied $ 2354055

Ordering and receiving= 11,400* $ 6.33=$ 71820

Food processing  =50,300 *$7.85= $ 394855

Packaging = 506,000* 3.73=  $ 1887830

You might be interested in
career cluster consisting of six pathways: management; business financial management and accounting; human resources; business a
Nata [24]

The six career tracks that make up the business management and administration career cluster are general management, business information management, human resources management, operations management, accounting, and administrative support.

<h3>What is business management and Business administration?</h3>

Business administration, which is sometimes focused on certain industries, concentrations, or job titles within a corporation, is the study of business as it relates to operations and leadership. Students can prepare for a range of jobs within a company by earning a degree in business administration, which provides leadership and analytical skills essential to the current corporate world. Concentrations on a particular industry or job, such human resource management or healthcare, are available for some business administration degrees.

Business management is the process of setting up and overseeing a company's resources, such as its employees, finances, and information. The core function of business management is to oversee both small- and big-project teams.

To know more about business administration and management visit:

brainly.com/question/15249057

#SPJ4

5 0
2 years ago
PLEASE ANSWER ASAP! Which of the following statements are true about brokerage firms? (Select all that apply.)
Zepler [3.9K]

Answer:

C and E.

Explanation:

Brokerage Firms are those firms that acts an a middlemen between the buyer and a seller to expedite a transaction. It is a financial institutions that ease the buying and selling of securities. These companies also charge a amount of fee or compensation on the completion of transactions. A brokerage firm is also known as brokerage company or brokerage.

There are three types of brokerage firms. They are:

  1. Full-service brokerage
  2. Discount brokerage
  3. Robo-advisors.

The discount brokerage provides less comprehensive services than the traditional one or the full-service brokerage. These services are provided via online as well by discount brokerage.

So, from the given options the correct options are C and E.

6 0
3 years ago
The ________ documents the portion of work to be purchased, in enough detail so potential suppliers can decide if they feel they
anyanavicka [17]

The <u>procurement</u><u> statement of work</u> documents the portion of work to be purchased in enough detail, so as to help potential suppliers decide whether they're interested and capable of providing it.

<h3>What is procurement?</h3>

Procurement can be defined as a terminology that is used to connote the purchase of raw materials, items or resources from suppliers, which are used by business firms for the manufacturing of other finished goods and services.

Basically, the <u>procurement</u><u> statement of work</u> is typically used to document the portion of work to be purchased by an entrepreneur or business firm in enough detail, so as to help potential suppliers decide whether they're interested and capable of providing it.

Read more on procurement here: brainly.com/question/26101126

5 0
2 years ago
_____ is abroad declaration of an organization's purpose that identifies the organization's products and customers and distingui
fgiga [73]
A mission is abroad declaration of an organization's purpose that identifies the organization's products and customers and distinguishes the organization from its competitors.

Sometimes this is confused with vision. The vision is where the organization wants to be 5 - 10 years from now.
5 0
3 years ago
in the U.S. cash takes which forms? bills and coins /bonds and treasuries /dollars and Euros/reserves and treasuries
Eva8 [605]
I believe it is Bills and Coins.
7 0
3 years ago
Other questions:
  • A sequence of frames or panels that depict a tv commercial in still form is called a(n) _____.
    15·1 answer
  • A craftsman named William Barnes builds two kinds of​ birdhouses, one for wrens and a second for bluebirds. Each wren birdhouse
    13·1 answer
  • What step can an organization take to improve its culture?
    5·1 answer
  • What is the first step to take when trying to solve a problem?
    7·2 answers
  • When working with a group or a family, it is important to stress a. The importance of discussing about what goes on within the g
    5·1 answer
  • For a perfectly competitive market to function properly, which of the following must buyers and sellers have access to? adequate
    6·2 answers
  • Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of $5
    15·1 answer
  • After saving money in his piggy bank for three years, Omar decided to deposit $2,500 of the money in the local bank. If the bank
    14·1 answer
  • What does it mean if your net assets increase
    12·2 answers
  • Michael works as a financial advisor in a doctors office. The two organizations that Michael most likely belongs to are the..
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!