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
Inga [223]
3 years ago
8

For 2014, Bakers Manufacturing uses machine-hours as the only overhead cost-allocation base. The direct cost rate is $3.00 per u

nit. The selling price of the product is $20.00. The estimated manufacturing overhead costs are $240,000 and estimated 40,000 machine hours. The actual manufacturing overhead costs are $300,000 and actual machine hours are 50,000.
1.) Using job costing, the 2014 actual indirect-cost rate is _____.

2.) What is the profit margin earned if each unit requires two machine-hours?

Please be detailed in explaining your solution.
Business
1 answer:
jeyben [28]3 years ago
8 0

Answer:

1. $6 per machine hour

2. $5 per unit

Explanation:

1.

Indirect cost are those cost which are not directly traceable to the product / department / project. Actual indirect cost rate is the actual incurred cost per unit of activity on which it actually based. Actual Indirect cost rate can be calculated as the Actual indirect cost divided by the Actual indirect expense. As shown below

Actual Indirect cost rate = $300,000 / 50,000 = $6 per machine hour

2.

Profit margin the the net of Selling price and all direct and indirect expenses.  Direct cost is $3 per unit, which the indirect cost is $6 per machine hour, each unit consumes two machine hours.

Selling price        $20

Less:

Direct cost    $3

Indirect cost <u>$12</u>

(2x$6)

Total cost             <u>($15)</u>

Profit Margin         $5

Profit margin earned each unit is $5

You might be interested in
How would you ensure that proper plans are installed for the creditors section which was been managed poorly in the future?
Natalija [7]
I'm not sure whether you have any options, but here are some of the ways you can ensure that proper plans are installed for the creditors section in the future:
1. Proper handing and monitoring of resources which includes systems, documentation, and procedures - this is very important, to take care of everything so that there are no mistakes
2. Finances must be reviewed correctly, either it is external or internal - unless you do this, you are facing a risk of losing yours, as well as creditors' money
3. Perform and conduct series of simulations before actual implementation - you need to know whether your changes will work before you actually introduce them
5 0
3 years ago
g The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income statement reported the fo
asambeis [7]

Answer:

$5.00

Explanation:

Preparation of the 2021 EPS presentation for the Esposito Import Company

Earnings per share:

Income from continuing operations$7.00

Less Loss from discontinued operations(2.0)

Net income $5.00

Therefore the Net income after the Preparation of the 2021 EPS presentation for the Esposito Import Company is $5.00

6 0
3 years ago
During the purchase decision process, an individual at the __________ stage will perceive differences between his or her ideal a
Dimas [21]

Answer:

"Problem recognition" is the correct answer.

Explanation:

  • An empirical investigation has said that the initial phase of the development procedure of the customer and therefore its approach to buying seems to be the acknowledgment of problems that arise when consumers realize that perhaps the problem would also have to be solved.
  • This is whenever the customer sees a requirement and is driven to rectify the conflicts.
3 0
3 years ago
What is the difference between a Chronological Resume and a Skills Resume? How are they similar, and how are they different?
erastovalidia [21]

A chronological resume lists your work experience in order of time, usually starting with the newest job and working your way backward. Skills resume lists the skills you have acquired from each job and groups them together. For instance, "leadership" may be a skill, so you would have a section entitled "Leadership" and then you would list all the leadership skills and tasks you have done.

These are similar because you will still list all your previous work history, skills, accomplishments, etc but the difference is in how you categorize and list them.

4 0
2 years ago
Which of the following are the two most important sources of contract law?
nadezda [96]

Answer:

The correct answer is B

Explanation:

Contract Law is the law or an agreement among the private parties establishing the mutual obligations which is enforceable by law. The basic or primary elements are required for the agreement or contract to be legally enforceable agreement are expressed by a acceptance and valid offer, legality, mutual assent and adequate consideration.

The two most vital sources of the contact law are Statutory Law (The Uniform Commercial Code) and the Case law.

6 0
3 years ago
Other questions:
  • What is the name of the special tab that appears on the Ribbon when part of the document is selected?
    8·2 answers
  • Explain how organizations manage the changing environment​
    14·2 answers
  • Red Mountain, Inc. has the following information from its payroll records: Salaries and wages earned by employees $ 180,000 Less
    11·1 answer
  • Accounting profits are typically
    13·1 answer
  • Price discrimination Question 29 options:
    14·1 answer
  • What is an example of a functional organizational structure?
    9·1 answer
  • Suppose the economy is in long-run equilibrium. Then because of corporate scandal, in- ternational tensions, and loss of confide
    10·1 answer
  • Charlie Corporation's adjusted trial balance included the following items (all account balances are normal): Accounts payable $6
    6·1 answer
  • The sales price, acquisition costs, and capital improvement costs (such as renovations or additions) of a property combine to ma
    15·1 answer
  • many companies view the marketing environment as a(n) __________ element to which they must react and adapt.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!