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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

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For each example, determine how the market for the good in bolded text will respond to the described change. Due to increases in
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Answer:

Explanation:

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3 years ago
Whose art influenced the federal government to include a photographic unit in the farm securities administration?
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8 0
3 years ago
Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures Direc
grigory [225]

Answer:

Results are below.

Explanation:

<u>To calculate the direct material price and quantity variance, we need to use the following formulas:</u>

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Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (3 - 2.95)*92,000

Direct material price variance= $4,600 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (10*9,000 - 92,000)*3

Direct material quantity variance= $6,000 unfavorable

<u>To calculate the direct labor efficiency and rate variance, we need to use the following formulas:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (2*9,000 - 18,800)*12

Direct labor time (efficiency) variance= $9,600 unfavorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

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8 0
3 years ago
Suppose that a young couple has just had their first baby and they wish to insure that enough money will be available to pay for
tankabanditka [31]

Answer:

$97,331.30

Explanation:

To calculate the amount available on the daughter's 18th birthday the following should be taken into cognisance

First, the yearly deposit increases by 5% every year, therefore year one is $2,000 but year 2 is $2,000 x1.05= $2,100 and continuing like that.

Secondly, the total deposit pre year is calculated as annual deposit for the year (1+interest rate)∧year on a descending basis.

It is therefore as follows;

Years Annual deposit    Total value of deposit including interest

1           $2,000.00            $2,000(1+0.07)∧17= $6,317.63

2           $2,100.00            $2,100(1+0.07)∧16= $6,199.54

3           $2,205.00            $2,205(1+0.07)∧15=$6,083.66

4           $2,315.25            $2,315.25(1+0.07)∧14=$5,969.95

5           $2,431.01            $2,431.01(1+0.07)∧13=$5,858.36

6           $2,552.56            $2,552.56(1+0.07)∧12=$5,748.86

7           $2,680.19            $2,680.19(1+0.07)∧11=$5,641.41

8           $2,814.20            $2,814.20(1+0.07)∧10=$5,535.96

9           $2,954.91            $2,954.91(1+0.07)∧9=$5,432.48

10           $3,102.66            $3,102.66(1+0.07)∧8=$5,330.94

11           $3,257.79            $3,257.79(1+0.07)∧7=$5,231.30

12           $3,420.68            $3,420.68(1+0.07)∧6=$5,133.52

13            $3,591.71            $3,591.71(1+0.07)∧5=$5,037.56

14            $3,771.30            $3,771.30(1+0.07)∧4=$4,943.40

15            $3,959.86            $3,959.86(1+0.07)∧3=$4,851.00

16            $4,157.86            $4,157.86(1+0.07)∧2=$4,760.33

17            $4,365.75            $4,365.75(1+0.07)∧1=$4,671.35

18            $4,584.04            $4,584.04(1+0.07)∧0=$4,584.04

Total     $56,264.77                                                $97,331.30

5 0
3 years ago
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