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
nexus9112 [7]
3 years ago
8

Bass Boss Manufacturing Company manufactures two types of bass boats. Bass Boss provides the following data, pertinent to alloca

ting its annual overhead cost of $435,000: Bass Boss Product Boss Boss Hog Bear Units per year 15,000 20,000 Machine hours/unit 3.0 5.0 Materials cost/unit $1,500 $2,000 Labor cost/unit $ 800 $1,000 Determine the allocation rate assuming the cost driver is machine hours/unit.
Business
2 answers:
faltersainse [42]3 years ago
8 0

Answer:

the allocation rate is $3 per machine hour

Explanation:

<em>Step 1 Find the to total Machine hours</em>

Total Machine Hours

3.0×15,000   =   45,000

5.0×20,000  = 100,000

Total              = 145,000

<em>Step 2 Determine the Overhead allocation rate</em>

Overhead allocation rate = Budgeted Overheads / Total Machine Hours

                                          = $435,000/145,000

                                          =$3 per machine hour

velikii [3]3 years ago
3 0

Answer:

Allocation rate  = $3 per machine hour

Explanation:

<em>Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers. Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.</em>

Activity rate is calculated as:

Activity overhead for the period / Total cost drivers for the period

Total machine hours = (15,000 ×3hrs)  +( 20,000 × 5 hrs)

                       = 145,000 hours

Overhead rate per machine her

= $435,000/145000 hours

= $3 per hour

You might be interested in
assume a company uses the weighted average method in its processing costing august 1 balance 62000 and materials 310,000 consist
gayaneshka [121]

Answer:

see explanation

Explanation:

<em>Hi, your question is incomplete, I tried to look for it online but I could not find it. Here is an explanation on the steps to solve the problem.</em>

Step 1 : Determine the Total Materials Cost

Total Materials Cost

Opening WIP cost                                      $310,000

Costs added during the period                  $40500

Total                                                           $350,500

Step 2 : Total Equivalent units for materials

Equivalent units for materials = Completed units + Equivalent units in ending work in process inventory.

Step 3 : Unit equivalent cost for materials

Unit equivalent cost = Total Cost ÷ Total equivalent units

Step 4 : ending work in process inventory cost

Ending work in process inventory = Unit equivalent cost x equivalent units in ending work in process with respect to materials

6 0
2 years ago
Jones Manufacturing sells a part to Lear Corporation.Lear puts this part into a radio,which Lear then sells to Ford.From Ford's
AleksandrR [38]

Answer:

d)Tier 2

Explanation:

from the question we are informed about jones Manufacturing sells a part to Lear Corporation.Lear puts this part into a radio,which Lear then sells to Ford.From Ford's point of view, in this case Jones Manufacturing is tier 2. Tier 2 capital can be regarded as second layer of capital which serve as a required reserves of a bankIt contains revaluation reserves as well as hybrid capital instruments

3 0
2 years ago
the fair debt collection practices act attempts to prevent abuses by select answer . specialized select answer and select answer
allsm [11]

The fair debt collection practices act attempts to prevent abuses by  <u>collection agencies</u>. The Option C is correct.

<h3 /><h3>What Is the Fair Debt Collection Practices Act (FDCPA)?</h3>

In United States, the Fair Debt Collection Practices Act is a federal legislation that limits the actions of third-party debt collectors who are attempting to collect their debts on behalf of another person or entity.

This Act restricts the ways that these collectors can contact debtors as well as the time of day and number of times that contact can be mad; and if the legislation is violated, the debtor can sue the debt collection company as well as the individual debt collector for damages and attorney fees.

In 2021, the Consumer Financial Protection Bureau have placed the Debt Collection Rule by clarifying how debt collectors can communicate with debtors.

Read more about Fair Debt Collection Practices Act

brainly.com/question/12272732

#SPJ1

6 0
1 year ago
What is assignment?
hichkok12 [17]

Answer: The closest option is A. The rights to receive are transferred by the assignor to the assignee.

Explanation: An assignment is a term used in the area of the law of contract and of property and assets. In the legal field, assignment is the process whereby a person or a group ( the assignor) transfers his/her rights or benefits to an asset or property to another person or group (the assignee).

The whole process is documented and sealed by the signature of both parties in the presence of their lawyer.

7 0
3 years ago
The Pandemic has made chicken more expensive, in order to offset this effect to consumers, government subsidized the price of ch
Ira Lisetskai [31]

Answer:

The Pandemic has made chicken more expensive, in order to offset this effect to consumers, government subsidized the price of chickens by a per-unit subsidy. If it wants to study the substitution effect of this subsidy, the government should imposed a Lump-sum tax.

False

Explanation:

The government should have imposed a lump-sum subsidy if it really wanted to study the substitution effect of the subsidy instead of imposing a lump-sum tax.  This subsidy should be granted to chicken farmers to reduce their production costs, which will in turn reduce the cost of chicken to the consumers.  A lump-sum tax sounds like a contradictory effort to offset the high cost of chicken on the consumers.

6 0
2 years ago
Other questions:
  • A manager is requested to help whenever there is a breakdown in a firm's production line. Which primary skills does this manager
    12·1 answer
  • Molly liquidates her catering business. She is left with $20,000 after selling all the assets and settling the liabilities. In t
    6·1 answer
  • Brown Company provided services to a customer and immediately collected $1,900 cash. Show how to record the transaction to the T
    7·1 answer
  • ________ is a broad comparative concept that refers to how an organization's monetary compensation incentives compare, in genera
    8·1 answer
  • All of the following are good choices to search for potential scholarships except:
    9·2 answers
  • The CPI measures the average prices paid by __________ for _________.
    14·1 answer
  • The double-declining-balance rate for calculating depreciation expense is determined by doubling the straight-line rate. Assumin
    6·1 answer
  • Bamba Corporation's cost formula for its selling and administrative expense is $47,900 per month plus $52 per unit. For the mont
    15·1 answer
  • An investment earns 10% the first year, 15% the second year and loses 12% the third year. Your total compound return over the th
    9·1 answer
  • Amounts collected by the lender and held in a trust or impound account for future payment are called what?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!