Fiscal policy is the tax and spending decisions made by the president and

Sheridan Publishing identified the following overhead activities, their respective costs, and their cost drivers to produce the

Ber [7]

Answer:

Deluxe= $4.25 per book

Moderate= $4.25 per book

Economy= $4.25 per book

Explanation:

Giving the following information:

Activity (Cost) Cost Driver Delux Moderate Economy

Machine maintenance ($330,000) machine hours 250 750 1,000

Setups ($630,000)

Packing ($166,000)

Photo development ($574,000)

First, we need to calculate the total overhead cost:

Total overhead= 330,000 + 630,000 + 166,000 + 574,000= 1,700,000

Now, we can calculate the estimated manufacturing overhead rate to allocate overhead to each book type.

The allocation base is machine-hours.

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

Estimated manufacturing overhead rate= 1,700,000/ 2,000= $850 per machine hour.

Now, we can allocate overhead to each book:

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

Deluxe= $850*250hours= $212,500

Moderate= $850*750hours= $637,500

Economy= $850*1,000= $850,000

Based on the number of units, we can calculate the unitary overhead:

Deluxe= $212,500/50,000= $4.25 per book

Moderate= $637,500/150,000= $4.25 per book

Economy= $850,000/200,000= $4.25 per book

4 0

3 years ago

Manufacturing overhead $ 364,000 $ 416,000 $ 93,600 $ 873,600 Direct labor $ 208,000 $ 104,000 $ 312,000 $ 624,000 Jobs require

Hoochie [10]

Answer:

manufacturing overhead is allocated based on direct labor:

fabricating machining assembling total

Direct labor $208,000 $104,000 $312,000 $624,000

Man. overhead $364,000 $416,000 $93,600 $873,600

overhead rate 1.75 4 0.30 1.4

Koopers job: using departmental overhead rates

fabricating machining assembling total

Direct materials $3,800 $400 $2,200 $6,400

Direct labor $4,400 $700 $7,000 $12,100

overhead rate 1.75 4 0.30

Man. overhead $7,700 $2,800 $2,100 $12,600

total cost $15,900 $3,900 $11,300 $31,100

bid price (150% of total manufacturing cost) = $46,650

Koopers job: using plantwide overhead rate

fabricating machining assembling total

Direct materials $3,800 $400 $2,200 $6,400

Direct labor $4,400 $700 $7,000 $12,100

overhead rate 1.4

Man. overhead $16,940

total cost $35,440

bid price (150% of total manufacturing cost) = $53,160

3 0

2 years ago

At the end of the year, a company reports a balance in its Allowance for Uncollectible Accounts of $1,700 (debit) before any yea

iren2701 [21]

Answer:

Bad debt expense $11,320 ($283,000 × 4%)

To Allowance for doubtful debts $11,320

(being the bad debt expense is recorded)

Explanation:

The journal entry is shown below:

Bad debt expense $11,320 ($283,000 × 4%)

To Allowance for doubtful debts $11,320

(being the bad debt expense is recorded)

For recording this given transaction, we debited the bad debt expense as it increases the expenses account and at the same time it decreases the account receivable so the allowance would be credited so that the proper posting could be done

7 0

3 years ago

The difference between market demand and aggregate demand is that:

svetoff [14.1K]

Answer:

d. aggregate demand applies to all goods and market demand applies to a specific good.

Explanation:

Market demand is to the quantities of a good or service that customers are able and willing to buy at a given period at a specific price. The focus is on a single product.

Market demand is in the microeconomics category. It addresses the quantities of a product that customers are willing to buy from the market at a specific price. In determining market demand, price is a critical consideration.

Aggregate demand is the total spending by the economy on goods and services at alternative prices over a given period. The consideration is for the entire country.

Aggregate demand represents the macroeconomic conditions of the country. In the long run, aggregate demand is the GDP of an economy. GDP is the total amount of goods and services produced in a country, while Aggregate demand is the demand for those goods and services.

.

3 0

3 years ago

Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars).

Shalnov [3]

Answer:

The answer is

1. -$96 million

2. 0.52:1

Explanation:

1. Working capital = total current assets - total current liabilities

Current assets:

Cash. $ 31.9 million

Accounts receivable $21.0 million

Inventory $28.1 million

Other current assets. $23.0 milllion

Total current assets $104.0 million

And current liabilities is$200.0 million

Therefore, working capital is:

$104 - $200

= -$96 million

2. Current ratio = current assets/current liabilities

$104 million / 200 miliion

=0.52:1

3 0

3 years ago