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maxonik [38]
3 years ago
13

Decorte Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-ho

urs. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 10,000 Total fixed manufacturing overhead cost $ 33,000 Variable manufacturing overhead per direct labor-hour $ 2.50 Recently, Job K332 was completed with the following characteristics: Number of units in the job 70 Total direct labor-hours 140 Direct materials $ 455 Direct labor cost $ 5,320 The unit product cost for Job K332 is closest to: (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
Airida [17]3 years ago
3 0

Answer:

$94.10 per unit

Explanation:

Total direct labor-hours 10,000

Total fixed manufacturing overhead cost $33,000

Variable manufacturing overhead per direct labor-hour $2.50

Job K332:

Number of units in the job 70

Total direct labor-hours 140

Direct materials $455

Direct labor cost $5,320

total variable overhead = $2.50 x 140 = $350

prorated fixed overhead = (total fixed overhead / total direct labor hours) x direct labor hours used = ($33,000 / 10,000) x 140 = $462

total product cost = direct labor + direct materials + variable overhead + prorated fixed overhead = $5,320 + $455 + $350 + $462 = $6,587

product cost per unit = $6,587 / 70 units = $94.10 per unit

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In the contracting process, a licensee must be careful to:__________
olasank [31]

Answer:

c. drafting a contract illegally.

Explanation:

In the contracting process, a licensee must be careful to drafting a contract illegally. The licensee can be defined as an individual or group of people holding a license given to them by an authority or authorized agencies, to engage legally in an activity.

Hence, it is required by law that whatever the licensee does after the acquisition of a license must be legal and not a violation of standard rules, and policies of the state or society. Licensee are to abide by the terms and conditions of the license.

7 0
3 years ago
An investment had a nominal return of 9.7 percent last year. The inflation rate was 2.7 percent. What was the real return on the
lana [24]

Answer:

6.816%

Explanation:

The real rate of return is nominal rate of return less inflation rate

(1 + nominal rate ) = (1 + real rate ) x (1 + inflation rate)

= 1.097 = real rate x 1.027 = 1.06816 - 1 = 0.06816 = 6.816%

I hope my answer helps you

4 0
3 years ago
You are bullish on Telecom stock. The current market price is $40 per share, and you have $8,000 of your own to invest. You borr
Marrrta [24]

The rate of return if the price of Telecom stock goes up by 6% during the next year is 8.00%

What is rate of return?

The rate of return on the bullish strategy is the return on the stock minus the interest on the borrowing.

The share price increase of 6% means the total amount invested would increase by 6%

new value of investment=$16000*(1+6%)

new value of investment=$16,960

interest on borrowing=4%*$8000

interest on borrowing=$320

Gain on investment=new value of investment-initial investment-interest on borrowing

Gain on investment=$16,960-$16,000-$320

Gain on investment=$640

rate of return=gain on investment/equity investment

rate of return=$640/$8000

rate of return=8.00%

Find out more about rate of return on:brainly.com/question/18716615

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7 0
1 year ago
Which of the following is a lasting impact resulting from 20th-century banking reforms in the United States
tresset_1 [31]

The lasting impact resulting from 20th-century banking reforms in the United States is "the reforms approved the Board to determine reserve requirements and interest rates for deposits at member bank."

The banking reforms made in the 20th century in the United States are many, and many of these reforms are still applicable today.

Some of the lasting effects of these reforms include the following:

The Board of Governors to determine the monetary policy.

The reforms established the Federal Deposit Insurance Corporation.

The reforms also separate commercial banks from investment banks.

Hence, in this case, it is concluded that the many banking reforms made in the 20th century still exist today.

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7 0
2 years ago
Partner A has a smaller capital balance than Partner L. Partner A, however, has a higher profit-and-loss-sharing percentage than
mixer [17]

Answer:

(C) Partner A will have a smaller loss absorption potential than L

6 0
3 years ago
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