1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aalyn [17]
3 years ago
15

Tancredi Corporation has two manufacturing departments--Machining and Customizing. The company used the following data at the be

ginning of the year to calculate predetermined overhead rates: Machining Customizing Total Estimated total machine-hours (MHs) 5,000 5,000 10,000 Estimated total fixed manufacturing overhead cost $22,000 $11,500 $33,500 Estimated variable manufacturing overhead cost per machine-hour $ 1.80 $ 3.00 During the most recent month, the company started and completed two jobs--Job E and Job J. There were no beginning inventories. Data concerning those two jobs follow: Job E Job J Direct materials $12,800 $7,000 Direct labor cost $17,600 $7,700 Machining machine-hours 3,400 1,600 Customizing machine-hours 2,000 3,000 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. If both jobs are sold during the month, the company's cost of goods sold for the month would be closest to: (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
olganol [36]3 years ago
6 0

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Fixed overhead= 33,500

Total variable overhead= (1.8*5,000) + (3*5,000)= 24,000

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

Predetermined manufacturing overhead rate= (33,500 + 24,000) / 10,000

Predetermined manufacturing overhead rate= $5.75

<u>Now, we can determine the total cost for each Job:</u>

<u>Job E:</u>

Direct material= $12,800

Direct labor= $17,600

Allocated overhead= (3,400 + 2,000)*5.75= $31,050

Total cost= $61,450

<u>Job J:</u>

Direct material= $7,000

Direct labor= $1,600

Allocated overhead= (1,600 + 3,000)*5.75= $26,450

Total cost= $35,050

You might be interested in
According to McClelland's research, the need for achievement is
Pepsi [2]

Answer:

the need that drives a person to work and even struggle for the objective that he wants to achieve

Explanation:

4 0
2 years ago
John, an executive at a top investment firm, often gets into heated arguments with his boss over differences in work ethics. In
Westkost [7]

Answer:

John´s relation with his boss.

Explanation:

Job dissatisfaction could impact employee and employer as it divert the focus from achieving common objective of organization.

Job dissatisfaction could lead to following:

  • Lack of motivation
  • Poor productivity.
  • Absenteeism.
  • Lack of interest.

Major cause of dissatisfaction in the job are:

  • Underpaid.
  • Lack of growth advancement.
  • Poor management.
  • Unsupportive boss.
  • Overwork
  • Work and life balance.
  • Lack of recognition.

6 0
3 years ago
What are the two key questions for an operations manager in the inspection​ process? A. How to​ inspect? What to​ inspect? B. Wh
Pani-rosa [81]

Answer: Option D: What to inspect? Where to inspect? are the two key questions operated in the inspection​ process.

Explanation:

For the best output results, the products of all the firms need a check of quality control before the process of the sale. If it is not scrutinized properly, then the entire Manufacture defects can lodge into the hands of Operations Manager. For the best result, The manager needs to decide on what purpose of quality check, the inspection is required and secondly, from which weaker part of the production cycle, did He should inspect by comparing the standard of the quality with the products of other firms.

The two key questions of what and where to inspect are always inspected with the parallel effects in which all the comparisons can be noted and achieve the inference of solution. The inference of solution will chase the defective point of the product and makes them very strong and reduces the problem of cycle flow of work allotted to the Inspection process operation.

5 0
3 years ago
__________ is the set of costs associated with various issues firms face when entering foreign markets, including unfamiliar ope
FromTheMoon [43]

<u>Option c. Liability of foreignness</u> is the correct answer.

<h3>What is Liability of Foreignness?</h3>

(LOF) specifies the disadvantages that a corporation faces in a foreign country as a result of its foreign status. Because of differences between cultures, languages, conventions, rules, and market conditions, they are at a disadvantage. Foreignness liability introduces new issues for firms to comply with, costing them more fees and effort to run. Zaheer, S., created the phrase "Liability of Foreignness" in her foundational paper "Overcoming the Liability of Foreignness," published in the Academy of Management Journal in 1995.

<h3><u>Examples of LOF</u></h3>

Consider a foreign corporation starting a business in a host nation with a different culture, language, and legislation. In such a case, they must train their employees to acquire the fundamentals of the foreign language, tailor their products to meet local needs, and adjust their marketing techniques. All of them need additional fees for the company.

Therefore,<u> Liability of Foreignness</u> is the set of costs associated with various issues firms face when entering foreign markets, including unfamiliar operating environments; economic, administrative, and cultural differences; and the challenges of coordination over distances.

For more information on Liability of Foreign, refer to the following link:

brainly.com/question/23451497

#SPJ4

3 0
1 year ago
A 4.9 percent corporate coupon bond is callable in 10 years for a call premium of one year of coupon payments. Assuming a par va
NeTakaya

Answer:

$1,049

Explanation:

Data given in the question

Par value = $1,000

Interest rate = 4.9%

Time period = 10 years

So, by considering the above information, the price paid to the bond holder is

= Par value + Par value × rate of interest

= $1,000 + $1,000 × 4.9%

= $1,000 + $49

= $1,049

Hence. the price paid to the bond holder is $1,049

4 0
2 years ago
Other questions:
  • Sekelow Enterprises is a debt collection agency. It uses postcards to contact consumer debtors it is attempting to collect from
    13·1 answer
  • Primary market financial instruments include stock issues from firms allowing their equity shares to be publicly traded on the s
    5·1 answer
  • Roosevelt, the Clayton Antitrust Act, and the Federal Trade Commission kept unions under control. True False
    9·1 answer
  • The simplest circular model of the United States economy depicts the economy as a cycle in which resources flow between which tw
    7·2 answers
  • Giles lives in a society where people are expected to solve their own problems. During business meetings, leaders do not waste t
    13·1 answer
  • An important part of the official government plan for restructuring the economy was _____.
    12·1 answer
  • The liquidity trap refers to the
    14·1 answer
  • A construction firm cannot obtain the necessary permits to begin building a shopping mall until it can show it either has or wil
    14·1 answer
  • While people and societies do, indeed, respond to the opportunities and constraints of their physical environments, ________ tak
    12·1 answer
  • n 2012, alder inc. (seller) and dell, inc. (buyer) signed a long-term sales contract that provided for cashier's check payments
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!