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3 years ago

6

If a firm borrowed money on a six-month bank loan, the firm's working capital immediately after obtaining the loan, relative to

its working capital just prior to the loan, would be:

1 answer:

vfiekz [6]3 years ago

8 0

Answer:

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Explanation

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3 years ago

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3 years ago

PLEASE ANSWER THESE QUESTIONS!

Tomtit [17]

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3 years ago

Read 2 more answers

Julio produces two types of calculator, standard and deluxe. The company is currently using a traditional costing system with ma

Julli [10]

Answer:

Results are below.

Explanation:

a)

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 313,020 / 58,000

Predetermined manufacturing overhead rate= $5.4 per machine hour

<u>Now, we can allocate overhead:</u>

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

Standard= 5.4*26,500= $143,100

Deluxe= 5.4*31,500= $170,100

b)

<u>First, we need to calculate the allocation rates:</u>

Material handling= 183,750 / 1,550= $118.55 per material moves

Setup= 179,180 / 660= $271.48 per setup

<u>Now, we can allocate overhead:</u>

Standard= 118.55*625 + 271.48*85= $97,169.55

Deluxe= 118.55*925 + 271.48*575= $265,759.75

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3 years ago

Newhard Company assigns overhead cost to jobs on the basis of 111% of direct labor cost. The job cost sheet for Job 313 includes

tekilochka [14]

Answer:

a. The total manufacturing cost assigned to Job 313 is $49,600

b. The unit product cost for Job 313 is $32

Explanation:

a. The computation of the total manufacturing cost is shown below:

= Direct materials cost + direct labor cost + overhead cost

= $27,656 + $10,400 + 111% of direct labor cost

= $27,656 + $10,400 + $11,544

= $49,600

b. The formula to be used for calculating the unit product cost which is shown below

= Total manufacturing cost ÷ number of units produced

= $49,600 ÷ 1,550 units

= $32

3 0

3 years ago