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maxonik [38]
3 years ago
10

The Sawtooth Leather Company manufactures leather handbags and moccasins. For simplicity, the company has decided to use a singl

e plantwide factory overhead rate method to allocate factory overhead. Handbags = 60,000 units, 2 hours of direct labor Moccasins = 40,000 units, 3 hours of direct labor Total budgeted factory overhead cost = $360,000 Calculate the amount of factory overhead to be allocated to each unit using direct labor hours. Round your answers to two decimal places, if
Business
1 answer:
Svet_ta [14]3 years ago
4 0

Answer:

$3; $4.5

Explanation:

Total direct labor hour:

= Handbags + Moccasins

= (60,000 × 2) + (40,000 × 3)

= 120,000 + 120,000

= 240,000 direct labor hours

Total Overheads = $360,000

Overhead rate per direct labor hour:

= Total Overheads ÷ Direct labor hour

= $360,000 ÷ 240,000

= $1.5

Total OH cost per unit for handbags:

= OH rate per DLH × DLH per unit

= $1.5 × 2

= $3

Total OH cost per unit for Moccasins:

= OH rate per DLH × DLH per unit

= $1.5 × 3

= $4.5

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On January 1, 2018, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truc
Norma-Jean [14]

Answer:

option (D) loss, $3,000

Explanation:

Given:

price of the truck = $48,000

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Exchange price of the truck = $60,000

Trade allowance = $35,000

Since, straight line depreciation is given, thus,

Total depreciation = \frac{\textup{48,000−8,000}}{\textup{8}}

or

Total depreciation = $5,000 per year

Therefore,

the book value after two years

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or

= $48,000 − ($5,000 × 2 years)

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Now,

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therefore a loss is recorded

The amount of loss = (Book value - trade allowance received)

or

The amount of loss =  $38,000 - $35,000 = $3,000

Hence, correct answer is option (D) loss, $3,000

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3 years ago
The president is responsible for the communication and ongoing relationship between America and other nations of the world. This
Natalka [10]

Answer:

B. Diplomatic Relations

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8 0
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The shifting balance from tangible goods to intangible services has marketing leaders adopting​ ________ as a guiding principle
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<h3>What is ​service-dominant logic?</h3>

This logic refers to a perspective which introduces a new method for articulating an alternative view of exchange and value creation in the markets.

In conclusion, sometimes, a marketing leaders adopts a ​service-dominant logic as guiding principle when there is shift in balance from tangible goods to intangible services.

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7 0
2 years ago
Suppose a decrease in the supply of bottled water resulted in a decrease in revenue. This indicates that A. the demand for bottl
Flauer [41]

Answer:

D. the demand for bottled water is price elastic in the price range considered.

Explanation:

  • <u>Demand elasticity</u> can be express as the sensibility of change in the demanded quantity when prices change.
  • Mathematically , can be written as \eta=\frac{\triangle Q\%}{\triangle P\%}  =\frac{\partial{Q^d}}{\partial{P}} \times{\frac{P}{Q} }, where P is the price and Q is the quantity demanded. This means that elasticity reflects what is the percentage change in quantity \triangle Q\% in the presence of a percentage change \triangle P\% in prices.
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3 years ago
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