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ra1l [238]
2 years ago
9

Crane Fabrication allocates manufacturing overhead to each job using departmental overhead rates.​ Crane's operations are divide

d into a metal casting department and a metal finishing department. The casting department uses a departmental overhead rate of​ $51 per machine​ hour, while the finishing department uses a departmental overhead rate of​ $25 per direct labor hour. Job A216 used the following direct labor hours and machine hours in the two​ departments: Actual results Casting Department Finishing Department Direct labor hours used 8 14 Machine hours used 3 6 The cost for direct labor is​ $42 per direct labor hour and the cost of the direct materials used by Job A216 is​ $2,000. What was the total cost of Job A216 if Crane Fabrication used the departmental overhead rates to allocate manufacturing​ overhead?
Business
1 answer:
IRINA_888 [86]2 years ago
4 0

Answer:

Total Cost 3,682

Explanation:

We must use for each department their overhead rate.

Then, we will add the overhead applied in the two department.

JOB A216

Casting overhead Machine hours 3

51 per machine hour casting department

Applied overhead

3 x 51 = <em>408</em>

Finishing overhead Labour hours 14

25 direct labour finishing department

Applied overhead

14 x 25 = <em>350</em>

Total overhead 350 Casting + 408 Finishing = 758

Next, we move to the other two cost components.

Direct Labor (8 casting + 14 finishing )*42 = 22*42=924

Direct Materials 2,000

Total Cost 3,682

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Answer:

Nissan's all-electric car, the Leaf

PV cost of Leaf Purchase =   $16,529

PV cost of Leasing =             $12,944.78

The company should lease the car.

Explanation:

a) Costs incurred to purchase the Leaf:

Base price                    $32,780

less Federal tax credit ($7,500)

Charging station             2,200

less 50% tax credit         (1,100)

Cash paid                  $26,380

Sales value after 3 yrs (9,851) ( $26,380 - 40% of base discounted to PV)

Net PV Investment    $16,529

b) Calculation of Discounted Present Values of Payments under Leasing, using online financial calculator:

PV (Present Value) $12,944.78

N (Number of Periods) 3.000

I/Y (Interest Rate) 10.000%

PMT (Periodic Payment)   $4,200.00

Starting Investment $2,500.00

Total Principal $15,100.00

Total Interest $2,129.50

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Which probability distribution is commonly used to model the inherent variability of activity time estimates in project manageme
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It should be noted that Beta distribution probability is commonly used to model the inherent variability of activity time estimates in project management

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Indicate what components of GDP (if any) each of the following transactions would affect. a. Your parents buy a new house from a
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Answer:

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b. consumption spending

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d. investment

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Items not included in the calculation off GDP includes:  

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3. illegal activities

4. sale or purchase of used or old products

5. sale or purchase of intermediate products

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Purchase of a house

Purchase of a mustang

Purchase of an air conditioner

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expenditure by the government or state are included in government spending

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