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STatiana [176]
3 years ago
9

Happy Maids cleans commercial buildings. In March, Happy Maids started and completed two jobs, Job 1000 and Job 1001. The job co

st sheet for Job 1000 showed $1,200 of direct materials and 30 direct labor hours. The job cost sheet for Job 1001 showed $2,000 of direct materials and 50 direct labor hours. Overhead is applied at $7 per direct labor hour. The employees who worked on these two jobs were paid $15 per hour. What is the total cost for each of these two jobs for March?
A :
Job 1000, $1,610; Job 1001, $3,100
B :
Job 1000, $3,100; Job 1001, $1,860
C :
Job 1000, $1,860; Job 1001, $3,100
D :
Job 1248, $1,860; Job 1249, $2,750
Business
1 answer:
vodomira [7]3 years ago
5 0

Answer:

C :Job 1000, $1,860; Job 1001, $3,100

Explanation:

The computation of the total cost is shown below:

For Job 1000:

= Direct materials + Direct labor hours × wage rate per hour × Direct labor hours × overhead rate per hour

= $1,200 + 30 × $15 + 30 × $7

= $1,200 + $450 + $210

= $1,860

For Job 1001:

= Direct materials + Direct labor hours × wage rate per hour × Direct labor hours × overhead rate per hour

= $2,000 + 50 × $15 + 50 × $7

= $2,000 + $750 + $350

= $3,100

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What is the total manufacturing overhead assigned to the current order for Men's Razors if the firm uses a volume-based plant wi
Brut [27]

Answer:

$7,200

Explanation:

The computation of the total manufacturing overhead assigned is shown below:

= ($168,640 + $127,840 + $554,400 + $1,078,000) ÷ $514,368

= 375% per direct-labor dollar.

Now  

= $514,368 ÷ 8,037

= $64 per DL hour.

And,  

= $64  × 30 direct labor hours

= $1920.

So,  

Manufacturing overhead is

= 1920 × 375%

= $7,200

8 0
3 years ago
Your store has average sales of $1,680 per day. Its shrinkage rate is 3%. What will its losses be for an entire year?
Lerok [7]

Answer:

$18,396

Explanation:

Average sales of the store per day = $1,680

Number of days in a year = 365

Total sales in a year = $1,680  x 365 = $6132,200

Shrinkage rate = 3%

Losses for an entire year = 0.03 x $6132,200 = $18,396

6 0
2 years ago
Lucy Sportswear manufactures a line of specialty T-shirts using a job order costing system. In March the company incurred the fo
wlad13 [49]

Answer:

Unitary cost of goods sold= $5.95

Explanation:

Giving the following information:

direct materials= $13,200

direct labor= $4,900

Job ICU2 required 800 machine hours.

Factory overhead was applied to the job at a rate of $25 per machine hour.

The cost of goods sold is calculated using the direct material, direct labor, and applied factory overhead.

First, we need to calculate the allocated overhead:

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

Allocated MOH= 25*800= 20,000

Now, we need to calculate the cost of goods sold per unit:

Total cost= 13,200 + 4,900+ 20,000= 38,100

Unitary cost= 38,100/6,400= $5.95

Unitary cost of goods sold= $5.95

4 0
3 years ago
Delta cabinets has 13,000 shares of stock outstanding at a market price of $19 a share. the earnings per share are $1.34. the fi
Goryan [66]

After the dividend, the firm's:

a. book value per share will be $6.31.

b. price-earnings ratio will be 13.88.

c. shareholder value per share will be $18.60.

d. stock price will be $19.00.

e. earnings per share will be $.94.

The answer is : b

We calculate the ex-dividend price of a share on the day dividend is paid as follows:

Ex-dividend Price = Share price before dividend - dividend paid per share

Ex-dividend price = $18.6 ($19 - $0.40)

We can use this ex-dividend price to calculate the company's P/E ratio after dividend.

P/E = $18.6/$1.34 = 13.88059

8 0
2 years ago
Blue has forecast sales to be $429,000 in February, $559,000 in March, $599,000 in April, and $639,000 in May. The average cost
RSB [31]

Answer:

Total budgeted cash receipts fro May : $611000

Explanation:

Sales on credit is where the debtor can pay for the goods or services on a later date. In this case, it is paid at 3 different times: 50% during the month of sale, 30% during the next month and the reminder 20% the month after that.

According to the information, May collections would include sales of May as well as March and April. It would be:

50% of May sales = $639000 x 50% = $319500

30% of April sales = $599000 x 30% =

$179700

20% of March sales = $559000 x 20% = $111800

Total budgeted cash receipts for May = $319,500 + $179,700 + $111800 = $611000

8 0
3 years ago
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