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
Elodia [21]
3 years ago
10

Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and comp

utes a predetermined overhead rate in each production department. The Milling Department’s predetermined overhead rate is based on machine-hours and the Customizing Department’s predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:
Milling Customizing
Machine-hours 26,000 29,000
Direct labor-hours 11,000 5,000
Total fixed manufacturing overhead cost $153,400 $18,500
Variable manufacturing overhead per machine-hour $1.30
Variable manufacturing overhead per direct labor-hour $5.00
During the current month the company started and finished Job A319. The following data were recorded for this job:
Job A319: Milling Customizing
Machine-hours 70 30
Direct labor-hours 50 60
Direct materials $450 $190
Direct labor cost $580 $570
If the company marks up its manufacturing costs by 20% then the selling price for Job A319 would be closest to:_____.
a. $563.
b. $2,816.
c. $3,379.
d. $4,055.
Business
1 answer:
8_murik_8 [283]3 years ago
5 0

Answer:

Selling price= $3,379.2

Explanation:

<u>First, we need to calculate the predetermined overhead rate for each department:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Milling= (153,400/26,000) + 1.3= $7.2 per machine hour

Customizing= (18,500/5,000) + 5= $8.7 per direct labor hour

<u>Now, we can allocate overhead and calculate the total cost:</u>

<u></u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Milling= 7.2*70= $504

Customizing= 8.7*60= $522

Total cost= (450 + 190) + (580 + 570) + (504 + 522)

Total cost= $2,816

<u>Finally, the selling price:</u>

Selling price= 2,816*1.2= $3,379.2

You might be interested in
Employee a. who executes orders to buy and sell for clients of his or her brokerage firm. b. individual who trades on the floor
LUCKY_DIMON [66]

Answer:

In the given context, the correct definition for an employee, would be that of an individual who executes orders to buy and sell for clients of his or her brokerage firm.

Explanation:

An employee is a person who is hired by an employer to execute functions that are necessary to his organization's full operation. In the context of the stockmarket, an employee of a company would not trade for his or her account, but for his employer's account, following their policies and intentions. Therefore,  an employee is an individual who executes orders to buy and sell for clients of his or her brokerage firm.

8 0
3 years ago
A manager with _______ skills has the ability to deal effectively with people inside and outside the organization.
dezoksy [38]
I whould say cumunication skills hope this helps
8 0
3 years ago
Read 2 more answers
The goal of expansionary fiscal policy with respect to output is to: Multiple Choice increase spending and shift aggregate deman
soldier1979 [14.2K]

Answer:

Increase spending and shift aggregate demand to the right in an effort to reach full employment output.

Explanation:

The goal of expansionary fiscal policy with respect to output is to reduce the problem of unemployment. In order to let this work, the government must increase its spending or Decrease the tax rate. This will make the Aggregate Demand Curve to the right which is a proof of increasing real Gross Domestic Product (GDP) as well as gradual reduction of unemployment.

8 0
3 years ago
The demand for ben &amp; jerry's ice cream will likely be ________ the demand for dessert.
kotykmax [81]

The demand for ben & jerry's ice cream will likely be more price elastic than the demand for dessert.

<h3>What is the elasticity of Demand?</h3>

When all other conditions are equal, the elasticity of demand is a concept in economics that quantifies how responsive consumers are to shifts in the quantity desired as a result of a price adjustment. In other words, it demonstrates the number of things consumers are willing to buy as the cost of those products rises or falls.

By dividing the percentage change in quantity by the percentage change in price during a specific period, the elasticity of the demand formula is computed. It appears as follows:

Elasticity is defined as % change in quantity / % change in price.

The quantity demanded as a result of a percentage change in a product's price is hence the measure of demand elasticity. Demand can be elastic or inelastic depending on whether products' demand is more responsive to price fluctuations. When a product's demand is flexible, the desired quality is extremely responsive to price variations. When a product's demand is rigid, the desired quality does not adapt well to price variations.

Therefore, The demand for ben & jerry's ice cream will likely be more elastic than the demand for dessert.

For more information on the elasticity of demand, refer to the following link:

brainly.com/question/23301086

#SPJ4

7 0
1 year ago
Nivan Co. issued $500,000 of 5 percent, 10-year, callable bonds on January 1, Year 1, at their face value. The call premium was
Sav [38]

Answer and Explanation:

The journal entries are shown below:

On Jan 1

Cash $500,000

          To Bond Payable  $500,000

(Being the issuance of the bond is recorded)

On Dec 31

Bond Payable $500,000

Loss on redemption $15,000    ($500,000 × 3%)

          To Cash    ($500,000 × 103%)  $515,000

(Being the redemption of the bond is recorded and the remaining balance or we can say balancing figure is debited to loss on redemption)

8 0
3 years ago
Other questions:
  • Select all that apply:
    9·2 answers
  • Explain the meaning and importance of advertising
    15·2 answers
  • At Nanclet, a market research firm, whenever a particular team needs to hire people, the human resource (HR) department conducts
    12·1 answer
  • The application of moral and ethical analysis to a situation is usually called ethical. Ethics is rooted in the idea that every
    10·1 answer
  • The perfectly competitive firm produces that quantity at which a.marginal revenue is greater than marginal cost. b.the largest g
    11·1 answer
  • ____ 24. the banking system currently has $50 billion of reserves, none of which are excess. people hold only deposits and no cu
    10·1 answer
  • The annual demand for a product has been projected at 2000 units. This demand is assumed to be constant throughout the year. The
    15·1 answer
  • You owe $5,000 on your credit card and you can pay the following monthly payments:
    8·1 answer
  • List 10 effective methods used to maintain employment. 
    7·1 answer
  • The Heidelberg Company began the period with a balance of $13,000 in its Work in Process (WIP) account. During the period the
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!