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NISA [10]
2 years ago
11

Kearney Inc. has a factory with the following characteristics: direct labor of $82056, direct materials of $52432 fixed overhead

of $156141, variable overhead of $146362, 11453 units produced, and 408 shipments made. One of its products is LQ6. LQ6 used 162 hours of labor. The factory made 1272 units of LQ6 at a materials cost of $3.36 per unit. LQ6 also requires 56 shipments. All of the factory's labor costs $27 per hour. Kearney's cost allocation system uses two cost pools. Pool A includes all variable overhead and uses direct labor as the allocation base. Pool B includes all fixed overhead and uses direct materials as the allocation base. How much cost from Pool A is allocated to LQ6? (round to whole number of $)
Business
1 answer:
frutty [35]2 years ago
4 0

Answer:

The amount of cost from Pool A that is allocated to LQ6 is $7,802.

Explanation:

Since Pool A includes all variable overhead and uses direct labor as the allocation base, we can obtain the following from the question:

Direct labor = $82,056

Variable overhead = $146,362

Number of labor hours used by LQ6 = 162

Factory's labor costs per hour = $27

Therefore, we have:

Factory's labor cost of LQ6 = Number of labor hours used by LQ6 * Factory's labor costs per hour = 162 * $27 = $4,374

Variable over allocated to LQ6 from Pool A = (Factory's labor cost of LQ6 / Direct labor) * Variable overhead = ($4,374 / $82,056) * $146,362 = $7,801.83518572682

Rounding to whole number of $ as required, we have:

Variable over allocated to LQ6 from Pool A = $7,802

Therefore, the amount of cost from Pool A that is allocated to LQ6 is $7,802.

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Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the
storchak [24]

Answer: 29.4 gallons

Explanation:

The Safety Stock that should be held by the company to have a Service Level of 99.0% will be:

= Z × σ × ✓LT

Z = 2.326

σ = Standard deviation = 8

LT = Lead time = 2.50

Safety stock = = Z × σ × ✓LT

= 2.326 × 8 × ✓2.50

= 2.326 × 8 × 1.58

= 29.4 gallons

The safety stock is 29.4 gallons.

3 0
3 years ago
Emerging markets are _______. Question 1 options: A. developing economies where goods and services are directly exchanged for ot
sergey [27]

Answer:

C. low-income countries characterized by limited industrialization and stagnant economies

Explanation:

Emerging markets are economies of developing countries. They are traditional economies based on the export of raw material and subsistence agriculture. Emerging markets are trying to move away from these types of economies by investing in manufacturing and adopting mixed economy models.  Emerging markets are transitioning from low income and less developed to industrialized economies with higher standards of living.

Lower than average per capita income characterizes emerging markets. They also experience moderate economic growth compared to the developed economy.  However,  emerging markets are presenting investors with an opportunity for high returns due to their rapid growth.  

6 0
3 years ago
ou want to buy a new sports car from Muscle Motors for $76,000. The contract is in the form of a 60-month annuity due at an APR
Len [333]

Answer:

$1510.28

Explanation:

The monthly on the purchase of new sports car can be  computed using the pmt excel function as shown below:

=pmt(rate,nper,-pv,fv)

rate is APR of 7.15% expressed in monthly terms i.e 7.15%/12

nper is the number of months that payments would last i.e 60 months

pv is the cost of the new sports car i.e $76000

fv is the balance owed after the 60th payment i.e $0

=pmt(7.15%/12,60,-76000,0)=$1510.28

8 0
3 years ago
Snoke Inc's current price is $100 and the price is expected to rise to $110 in one year. The dividends are paid annually and the
postnew [5]

Answer:

Expected stock Return = 16%

Explanation:

The return of a stock is calculated by subtracting ending stock price to ending stock price and add adding and income distributions made during the period and divide by the stock price at beginning

Current stock price = $100

Expected stock price = $110

Dividends = $6

So in Snoke Inc's the only income distributions are dividends

Return = Ending stock price - Current stock price + dividends/Current stock             price

=110-100+6/100

=0.16/16%

7 0
3 years ago
Scarcity exists when there are _______ resources available to satisfy all the competing uses.
tamaranim1 [39]

Scarcity exists when there are limited resources available to satisfy all the competing uses.

<h3>What is scarcity?</h3>

When the demand for a resource or a product is more than its actual supply in the market, such a condition in the market is regarded as scarcity.  For example, in deserted regions there is a scarcity of water.

Hence, the significance of scarcity is aforementioned.

Learn more about scarcity here:

brainly.com/question/13186252

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6 0
2 years ago
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