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anygoal [31]
2 years ago
8

Midwest Corporation has provided the following data concerning manufacturing overhead for 2020: Two jobs were worked on during t

he year: Job A-101 and Job A-102. The number of direct labor-hours spent on Job A-101 and Job A-102 were 1,360 and 4,200, respectively. The actual manufacturing overhead was $72,200. What is the predetermined manufacturing overhead rate per direct labor hour for the year
Business
1 answer:
olganol [36]2 years ago
4 0

Answer:

$16.00

Explanation:

Predetermined manufacturing overhead rate = Budgeted Overheads ÷ Budgeted Activity

therefore,

Predetermined manufacturing overhead rate = $32,320 ÷ 2,020

                                                                            = $16.00

Applied overheads = Predetermined manufacturing overhead rate x Actual activity

therefore,

Applied overheads = $16.00 x 2,410 = $38,560

Conclusion :

Under-applied overheads = $72,200 -  $38,560

                                           = $33,640

the predetermined manufacturing overhead rate per direct labor hour for the year is  $16.00

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Answer: Financial Notes and Supplementary Schedules

Explanation:

The Financial Notes and Supplementary Schedules is also known as footnotes.

The notes discloses-

a. Assumptions used in the preparation of the financial statements.

b. Discloses accounting policies used in the preparation of the financial statements.

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I hope this answers your questions.

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8 0
3 years ago
George’s t-shirt shop produces 5,000 custom printed t-shirts per month. george’s fixed costs are $15,000 per month. the marginal
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Answer: Price is $7 when sale is 5000 and $6 when sale is 7,500 units.  

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George will breakeven when his price is just sufficient to cost the total cost.  

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If George sells 50% more, then his sales is 7,500 units.  

Total cost of George = Fixed cost + Variable Cost = $15,000 + $4 (Units produced)  = $15,000 + $4(7,500) $15,000 + $30,000 = $45,000


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Break even = Profit = 0 Total revenue - Total cost = 0 P*Q - $45,000 = 0 P*7500 = $45000 P= $45,000/7,500 P=$6

When sales is 5000 units price is $7. When sales is 7,500 units price is $6.

8 0
3 years ago
paul was a district manager in san francisco. when a district manager position opened up in boston, he was approached about taki
mylen [45]
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1 year ago
Waterway Co. purchased land as a factory site for $536,000. The process of tearing down two old buildings on the site and constr
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Answer

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5 0
2 years ago
Milkshakes for $5.24. The cost of 1 hamburger
Korolek [52]

Answer:

Cost of 1 hamburger and 1 shake is​ $1.89

Explanation:

Assume:

Cost of hamburgers = h

Cost of milkshakes = m

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Eq1 + Eq2

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Cost of 1 hamburger and 1 shake is​ $1.89

4 0
3 years ago
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