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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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Answer:

The expected return on Bo's complete portfolio will be "10.32%".

Explanation:

The given question is incomplete. Please find attachment of the complete question.

According to the question, the given values are:

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T-bill's expected return,

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T-bill's weight,

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Now,

The Bo's complete portfolio's expected return will be:

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⇒  10.32 \ percent

Note: percent = %

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Answer:

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