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nataly862011 [7]
3 years ago
11

For​ 2018, Winters Manufacturing uses machineminushours as the only overhead costminusallocation base. The direct cost rate is $

2 per unit. The selling price of the product is $ 27. The estimated manufacturing overhead costs are $ 220 comma 000 and estimated 20 comma 000 machine hours. The actual manufacturing overhead costs are $ 225 comma 000 and actual machine hours are 25 comma 000. What is the profit margin earned if each unit requires two machineminus​hours?
Business
1 answer:
valina [46]3 years ago
5 0

Answer:

Profit margin  =  $3 per unit

Explanation:

<em>The profit margin earned is the difference between selling price and the manufacturing cost</em>

Manufacturing cost per unit = variable cost + fixed overhead cost per unit

overhead absorption rate = estimated overhead/estimated machine hours

                                             =$220,000/20,000 machine hours

                                           = $11 per hour

Manufacturing cost per unit = 2 + (11 × 2) = $24 per  unit

Profit margin  = 27 - 24

                        = $3 per unit

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<h3>What is a true assumption?</h3>

If a person make an assumption that something is said to be true or will take place, the person need to accept that it is true or that it will occur, often without any kind of proof.

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4 0
1 year ago
Pension data for David Emerson Enterprises include the following:
iragen [17]

Answer:

$159

Explanation:

Calculation to determine the service cost component of pension expense for the year ended December 31.

Projected benefit obligation, December 31 555

Add Benefit payments to retirees, December 31

Less Interest cost $54

(12%*450)

Less Projected benefit obligation, January 1 $450

service cost $159

7 0
2 years ago
_____________ is when a product is included inside a TV show or movie. A. Product placement B. A commercial C. Promotion D. Inst
Zigmanuir [339]

Answer: A. Product placement

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3 0
2 years ago
Kirby just inherited $250,000. He would like to hire a financial advisor to provide financial advice and to manage the inheritan
Blababa [14]

Answer:

The answer is A.

Explanation:

According to the details given in the question on the two financial advisor's approach, the first advisor does not request a payment but a commission on the funds purchased with the inheritance money. The second advisor does request payment for the job and also a share on the assets managed with the inheritance money.

If Kirby wants to minimize the upfront expenses which can be described as the sum that is paid before a service or a job is done, then the first advisor is the better option. So the answer is A.

I hope this answer helps.

5 0
3 years ago
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Lynna [10]

Answer:

Ending inventory : $868

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FIFO (First-In-First-Out) is a method of inventory valuation where the inventory that is received first is sold first. In other words, the earliest inventory is used first. This is common for perishable inventory such as fruits and vegetables which if not used fast, will be wasted.

01/01/21 : Beginning Inventory : 200 units x $5 = $1000

01/15/21 : Purchases : 100 units x $5.3 = $530

01/28/21 : Purchases : 100 units x $5.5 = $550

Total units = 200 + 100 + 100 = 400 units

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COGS:

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Ending inventory:

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Ending inventory : $318 + $550 = $868

6 0
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