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vaieri [72.5K]
3 years ago
9

Smarty Pants Corporation manufactures high end custom batches of designer pant suits. The company allocates manufacturing overhe

ad based on machine hours. Selected data for costs incurred for Job 612 are as​ follows: Direct materials used $ 5 comma 500 Direct labor hours worked 380 Machine hours used 500 Direct labor rate per hour $ 23 Predetermined overhead rate based on machine hours $ 15 What amount of manufacturing overhead would be allocated to Job​ 612?
Business
1 answer:
mario62 [17]3 years ago
6 0

Answer:

The amount of manufacturing overhead would be allocated to Job​ 612 is $7,500

Explanation:

The computation of the allocated manufacturing overhead is shown below:

=  Predetermined overhead rate ×  Machine hours used

= $15 × 500 machine hours

= $7,500

Since in the question, it is mentioned that the  Predetermined overhead rate based on machine hours so we multiply both the items for computing the allocated manufacturing overhead

Moreover, the formula to compute the predetermined overhead rate is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

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What is the formula for the receivables turnover ratio?.
SOVA2 [1]

The formula for the receivables turnover ratio is net credit sales divided by average accounts receivable.

<h3>What is receivable turnover ratio?</h3>

The receivable turnover ratio is what measure the number of times over a given period that a company collects its average account.

It is the number of times per year that a business collects its average accounts receivable.

Hence, the formula for the receivables turnover ratio is net credit sales divided by average accounts receivable.

Learn more about receivables turnover ratio here : brainly.com/question/24849094

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2 years ago
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8 0
3 years ago
2. Meatball Corporation, a merchandising company, reported the following results for June. Number of units sold 6,700 Selling pr
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Answer:

See below

Explanation:

Preparation of traditional income statement

Sales $600 × 6,700. $40,20,000

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7 0
3 years ago
Nanometrics, Inc. has a beta of 3.15. If the market return is expected to be 10 percent and the risk-free rate is 3.5 percent, w
OLga [1]

Answer:

23.975%

Explanation:

Calculation for Nanometrics required return

Using this formula

Required return = Risk free rate + (Beta*(Market rate - Risk free rate))

Where,

Risk free rate =3.5%

Beta=3.15%

Market rate =10%

Let plug in the formula

Required return = 3.5% +(3.15*(10%-3.5%)

Required return = 3.5% +(3.15*6.5%)

Required return = 3.5% + 20.475%

Required return = 23.975%

Therefore Nanometrics required return will be 23.975%

3 0
3 years ago
Which of the following is a problem associated with the rational method of developing questionnaire items?
7nadin3 [17]

Answer:

2. Participants might give socially desirable or false answers rather than honest ones because the questions are transparent.

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A questionnaire comprises of questions in open-ended or closed-ended formats used to effectively get informations from a selected sample size in a specific period of time. When designed correctly or properly, questionnaires can be used to gather user data(thoughts, views, opinions) in a short period of time.

The problem associated with the rational method of developing questionnaire items is that participants might give socially desirable or false answers rather than honest ones because the questions are transparent.

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3 years ago
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