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Tju [1.3M]
3 years ago
9

Rafner Manufacturing identified the following budgeted data in its two production departments. Assembly Finishing Manufacturing

overhead costs $ 1,112,500 $ 500,000 Direct labor hours 11,000 DLH 19,000 DLH Machine hours 5,000 MH 15,000 MH
Required: 1. What is the company's single plantwide overhead rate based on direct labor hours? 2. What is the company's single plantwide overhead rate based on machine hours?
Business
2 answers:
Helen [10]3 years ago
6 0

Answer:

DL rate:  $  53.75

MH rate: $  80.625‬

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

we haveto divide the expected overhead cost over the cost driver chose:

1,112,500 + 500,000 = 1,612,500 total overhead cost

11,000 + 19,000 = 30,000 direct labor hours

5,000 + 15,000 = 20,000 machien hours

DL rate: 1,612,500 / 30,000 =  53.75

MH rate: 1,612,500 / 20,000 =  80.625‬

miss Akunina [59]3 years ago
3 0

Answer:

1. $53.75 per direct labor hour

2. $80.625 per machine hour

Explanation:

Total manufacturing overhead costs= $1112500+$500000  = $1612500

Total direct labor hours= 11000+19000=30000

Total machine hours= 5000+15000=20000

1.       Company’s single plantwide overhead rate based on direct labor hours

= Estimated overhead costs/Estimated direct labor hours

=$1612500/30000 =$53.75 per direct labor hour

2.       Company’s single plantwide overhead rate based on machine hours

= Estimated overhead costs/Estimated Machine hours

=$1612500/20000 =$80.625 per machine hour

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Answer:

Allison can maximize her tax benefits by taking the Lifetime Learning Credit which results in a $300 tax credit.

Explanation:

Education credit:

Allison doesn't qualify for the American Opportunity Tax Credit (AOTC) since that only covers the first four years of college and even if she never attended college before, she would need to be enrolled at least half time.

She qualifies for the Lifetime Learning Credit (LLC) but it only covers 20% of the first $10,000 of expenses, in this case = $1,500 x 20% = $300 benefit

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8 0
3 years ago
Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year:
antiseptic1488 [7]

Answer:

Option (c) is correct.

Explanation:

Given that,

Work in Process, January 1 = $51,600

Work in Process, December 31 = 37,800

Direct materials used = $13,300

Total factory overhead = 6,300

Direct labor used = 27,300

Therefore,

Total manufacturing cost:

= Direct material + Direct labor + Factory overhead

= $13,300 + $27,300 + $6,300

= $46,900.

8 0
3 years ago
6. Grammar and Mechanics - Apostrophes and Other Punctuation Punctuation marks such as apostrophes, parentheses, dashes, and quo
Vsevolod [243]

Answer:

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Explanation:

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Thus, the noun "coworker" in its singular form shows possession in the phrase:

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3 0
3 years ago
Explain the key function of the marketing manager..
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Marketing manager has to perform various responsibilities, they are as follows-

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<u>Launch attractive product</u>

A marketing manager always try to produce new product that would attractive to the consumers and try to satisfy the demand of the consumers.

<u>Create a good market plan</u>

A marketing manager always has to make a good plan. A manager has to focus on which product need to be produced, how the packaging should be done, how to improve the storage, what will be the strategy for advertisement.

5 0
3 years ago
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Harlamova29_29 [7]

Answer:

Pegged exchange rate system

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In the pegged exchange rate system, a country ties its currency exchange price to that of a more widely used currency at a fixed rate. The US dollar is the most accepted currency for international trade. Countries that use the fixed exchange system peg their currency price to the US dollar.   The government will set a  fix the exchange rate of its currency relative to the US dollar value.

A pegged exchange rate is also known as a fixed exchange rate. A pegged or fixed exchange rate keeps the currency value within a narrow range. It gives certainty to exporters and importers and helps the government to keep inflation low.

4 0
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Read 2 more answers
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