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3 years ago

Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.

1 answer:

4 0

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Jobs, Inc. has recently started the manufacture of Tri-Robo, a three-wheeled robot that can scan a home for fires and gas leaks

Tems11 [23]

Answer:

case 1: when $405,000 fixed overhead cost can be avoided

make buy net income

direct material

994700 0 994700

direct labor 832300 0 832300

variable overhead 101500 0 101500

fixed overhead 600000 195000 405000

purchase price 0 2314200 (2314200)

total 2528500 2509200 19300

YES,jobs should accept the offer because it results in saving of $19300

CASE 2: when no fixed overhead can be avoided

make buy net income

direct material 994700 0 994700

direct labour 832300 0 832300

variable overhead 101500 0 101500

fixed overhead 600000 600000 0

opportunity cost 375000 0 375000

purchase price 0 2314200 (2314200)

total cost 2903500 2914200 (10700)

NO, jobs shold not accept the offer because it results in loss of $10700

4 0

3 years ago

Stine Company uses a job order cost system. On May 1, the company has a balance in Work in Process Inventory of $3,770 and two j

maxonik [38]

Answer:

Explanation:

WORK IN PROCESS INVENTORY

May 1 balance 3770 May 31 Finished Goods 9234

31-May Material 11470

31-May labour 13870

31-May Overheads 9431.6

may 31 Balance 29307.6

JOB COST SHEET

Job no. Beg. WIP Material Labour Overheads Total

430 1340 3850 3400 2312 10902

431 0 4680 8170 5555.6 18405.6

TOTAL 1340 8530 11570 7867.6 29307.6

Note: Total cost of Job 429 transferred to Finished goods:

Beginning cost 2430

Add: Material 2940

Add: Labour 2300

Add: Overheads (2300*68%) 1564

Total cost of Job 429 9234

4 0

3 years ago

EB8.

Stolb23 [73]

Answer:

The fixed costs per unit when 20,000 units are produced are $6.05 per unit.

Explanation:

Fixed costs per unit can be determined by using the following formula:

Fixed costs per unit = Total fixed costs/ number of units are produced

In a company, Total fixed costs do not depend on the level of activity (Fixed costs do not change).

In the company, Total fixed cost = $11 x 11,000 = $121,000

When 20,000 units are produced, Fixed costs per unit = $121,000/20,000 = $6.05 per unit.

3 0

3 years ago

If you make a false statement or commit a forgery about your motor vehicle insurance you can be guilty of a ________ degree misd

Vinil7 [7]

<span>If you make a false statement or commit a forgery about your motor vehicle insurance you can be guilty of a Second Degree Misdemeanor
From the different classes of misdemeanor, a second degree misdemeanor is considered less serious compared to the first degree. The punishment for second-degree misdemeanor will be no more than 2 years</span>

6 0

3 years ago

Read 2 more answers

Vino Winery is considering the purchase of a state-of-the-art bottling machine. The new machine will cost $20,790 and will have

jolli1 [7]

Answer:

the internal rate of return is 6%

Explanation:

The computation of the internal rate of return is shown below;

Given that

Years Cash flows

0 -$20,790

1 $6,000

2 $6,000

3 $6,000

4 $6,000

Now apply the following formula i.e..

= IRR()

After applying the above formula, the internal rate of return is 6%

6 0

3 years ago