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
natka813 [3]
3 years ago
9

The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $2,057. A

total of 37 direct labor-hours and 194 machine-hours were worked on the job. The direct labor wage rate is $24 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $33 per machine-hour. The total cost for the job on its job cost sheet would be:
Business
1 answer:
cestrela7 [59]3 years ago
3 0

Answer:

Total Manufacturing Cost = $9,347

Explanation:

Total cost for the job 450 is as follows:

Direct material =             $2,057

Direct labor =                     $888   (Note - 1)

Overhead cost =             $6,402  (Note - 2)

Total Manufacturing Cost = $9,347

<em>Note - 1: </em>Direct labor = Direct labor-hours × Direct labor wage rate

Given,

Direct labor-hours = 37 hours

Direct labor wage rate = $24 per labor-hour

Direct labor = 37 hours × $24 per labor-hour

Direct labor = $888

<em>Note - 2: </em>Overhead cost = Machine-hours × predetermined overhead rate

Given,

Machine-hours = 194 hours

predetermined overhead rate = $33

Overhead cost = 194 hours × $33 = $6,402

You might be interested in
Which environmental force did Unibic use in segmenting its market? What is this force about?
MA_775_DIABLO [31]

going home from my phone number I was so I could go back and I don't know how much we are not to mention to get to see you have been trying my

6 0
3 years ago
Walborn Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a
Sidana [21]

Answer:

The total cost of the units completed and transferred out of the department was a.$259,700

Explanation:

The Concept of Equivalent units measures the units in terms of completion percentage in their inputs

<em>Calculation of Equivalent Units in Goods Finished and Transferred out of the department:</em>

<em>It is important to note that physical units finished and transfered were 53,000 units</em>

<em>Therefore equivalent units were</em>

Materials 100%× 53,000 = 53,000

Conversion Cost 100%× 53,000 = 53,000

<em>Calculation of  total cost of the units completed and transferred out of the department</em>

Materials =53,000×$1.60 =$84,800

Conversion Cost = 53,000 ×$ 3.30 = $174,900

Total = $259,700

4 0
3 years ago
You have just received notification that you have won the $3 million first prize in the Centennial Lottery. However, the prize w
Oksanka [162]

Answer:

Present Value= $1,772.115

Explanation:

Giving the following information:

You have won the $3 million first prize in the Centennial Lottery.

However, the prize will be awarded on your 100th birthday, 78 years from now. What is the present value of your windfall if the appropriate discount rate is 10 percent.

We need to use the following formula:

PV= FV/[(1+i)^n]

PV= present value

FV= final value

PV= 3000000/(1.10^78)= $1,772.115

7 0
3 years ago
Drag the tiles to the correct boxes to complete the pairs. Match the types of agreements to their descriptions.
bagirrra123 [75]

Answer:

A will has legal impact after you have passes away and has to be filed with the court.

A living will is similar to a regular will be takes effect while you are still alive to figure out where your assets should be placed.

A trust is an agreement that allows a third party to hold the assets on behalf of a beneficiary.

A prenuptial agreement is an agreement made before a marriage that explains what should happen to their assets in the event their marriage does not last. This is common in famous people due to the amount of money they have.

Explanation:

5 0
3 years ago
Suppose the following transactions occur during the current year:
Genrish500 [490]

Answer:These transactions combines will increase the Gross Domestic Products by +2500

Explanation:

Gross domestic product is the Value of all goods and service produced within the boarders of the country over a period of time. Gross domestic product is measured in monetary terms. Gross domestic product can also be calculated as a total of all expenditures on goods and services in the economy.

we will now sow how these Transactions affect the gross domestic product

1. 50 cases of beer from a dutch distributor at $40 per case

When Dmitri (assuming he is in the United States) Purchases a 50 cases of beer abroad, Imports increase by $2000 ($40 x 50 cases)

Imports have a negative impact on the Gross domestic product, Therefore the Gross domestic product will decrease by $2000

-$2000 imports = -2000 Gross Domestic Product. ceteris pa

2.US Company sells 200 Transistors to a Spanish company at $15 per case

Exports increase Gross domestic product. When a US Company sells 200 transistors to a Spanish Company at a price of $15 per transistor, Exports will increase by $3000. When export increase Gross domestic product will also increase by -$3000 ceteris par

+$3000 export = + 3000 Gross Domestic Product.

3. Jake US Citizen pays $1500 for a laptop he orders from microell (a US company)

This transaction will increase Consumer's domestic consumption which is represent by a Variable denoted by C in the Consumption equation. When Jake pays $1500, Consumption increases by $1500 which also increases Gross domestic Product by $1500 ceteris pa

+$1500 Consumption = + $1500 Gross domestic product

Combined effect of these Transactions

Consumption + Investment + government spending + (export - import)= GDP

+$1500 + 0 + 0 + 0 + ($3000 - $2000) = + $2500        

These transactions combines will increase the Gross Domestic Products by +2500

8 0
3 years ago
Read 2 more answers
Other questions:
  • At the beginning of a recession in 2018, unemployment begins rising. Unemployment increases from 4.6% to 7.9% in 4 months. What
    7·1 answer
  • Yoko is trying to explain to one of her ticket counter associates the differences in price associated with concert tickets. She
    5·1 answer
  • If country a allocates more resources to producing capital goods than does country​ b, _________.
    7·1 answer
  • Paul believes that due to changing technology the minimum skill level that his company is requiring for technology-intensive job
    15·1 answer
  • Jacques has been asked to calculate the cost of goods manufactured for Sully Enterprises for fiscal year 2015. He has accumulate
    6·1 answer
  • Sarah borrowed $16,500 on May 23 with interest due on September 3. If the interest rate is 9%, find the interest on the loan usi
    5·2 answers
  • 2. The economic system that is found in a Communistic political system is
    12·1 answer
  • Omega Enterprises budgeted the following sales in units:​
    5·1 answer
  • managers typically monitor inventory very closely to ensure that sufficient units are available for sale and to prevent inventor
    8·1 answer
  • jameson has the following sources of income: sole proprietorship income $40,000 general partnership operating income $5,000 inte
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!