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
kumpel [21]
3 years ago
14

Street Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs a

nd expenses for the coming period are as follows:
Engine parts $740,000
Shop direct labor 500,000
Shop and repair equipment depreciation 40,000
Shop supervisor salaries 133,000
Shop property taxes 22,000
Shop supplies 10,000
Advertising expense 20,000
Administrative office salaries 71,400
Administrative office depreciation expense 6,000
Total costs and expenses $1,542,400
The average shop direct labor rate is $20 per hour.
Determine the predetermined shop overhead rate per direct labor hour.
Business
1 answer:
KiRa [710]3 years ago
5 0

Answer:

$8.20/Direct Labor hours

Explanation:

Cost of performing engine repair work = Shop and repair equipment depreciation + Shop supervisor salaries + Shop property taxes + Shop supplies

Cost of performing engine repair work = $40,000 + $133,000  + $22,000 + $10,000

Cost of performing engine repair work = $205,000

Direct Labor Hours = Direct Labor/Direct Labor rate

Direct Labor Hours = 500,000/$20 per hour

Direct Labor Hours = 25,000 hours

Predetermined shop overhead rate per direct labor hour = $205,000 / 25,000 Hours = $8.20/Direct Labor hours

You might be interested in
Identify which of the factors below are better short-range predictors and which are better long-range predictors of movements in
alina1380 [7]

Answer:

Short range predictors:

c. Nominal interest rate differential

d. Psychological effects

e. Investor expectations

f. Bandwagon effect

Long range predictors:

a. Relative monetary growth

b. Relative inflation rates

Explanation:

Nominal rate, the real rate, and inflation. long term predictors of an economic theory in which a relationship between inflation, nominal interest rate and real interest rate is identified. It defines that real interest rate is equal to inflation minus nominal interest rate.

Bandwagon effect is a short range predictor because it is effect of uptake when people follow others. They take decisions what other do and its their belief that other people have taken the right decision so we too. This is just a short term hop based on beliefs regardless of any underlying evidence.

8 0
3 years ago
An investor buys a call at a price of $4. 50 with an exercise price of $40. at what stock price will the investor break even on
Maksim231197 [3]

Break-even price of call option = Exercise price + Premium Paid

So,

Break-even Stock Price = 40 + 4.50 = $44.50

A stock market, stock market, or stock market, is a collection of buyers and sellers of shares (also called stocks) that represent ownership of a company. This includes securities listed on public stock exchanges and stocks that trade only privately. B. Private company shares are sold to investors through equity crowdfunding platforms. Investments are typically made with an investment strategy in mind.

shares can be classified according to the country in which the company is located. For example, Nestlé and Novartis are based in Switzerland and traded on the SIX Swiss Exchange, so they can be considered part of the Swiss stock market. ) on the U.S. Stock Exchange.

Learn more about Stock here: brainly.com/question/1166179

#SPJ4

4 0
11 months ago
As part of an advertising campaign, a plane flew over the beach in Ocean City trailing a banner that read: "Boardwalk Bistro wil
bogdanovich [222]
Bistro's first banner was a form of a unilateral contract. This means that the banner was a legally enforceable promise between two parties where one party will perform the requirement and the other (Bistro) would pay.

For the given situation, Daisy substantially performed the required task and therefore, Bistro is not allowed to revoke the offer.

Based on the above, the statement that <span>best describes Daisy's and Bistro's rights in this situation is:
</span><span>Bistro cannot revoke the offer because Daisy has substantially performed the requested action.</span>
3 0
3 years ago
Which product-market combination has the greatest potential?
Sauron [17]

The product-market combination that has the greatest potential is B. Fashion items to the younger segment.

It should be noted that the potential of a particular product can be determined based on the people that the product is designed for.

In such a case, a product that's designed for the younger generations will attract more customers since younger people generally like things that are trendy.

Therefore, in this case, the fashion items for the younger segment have more potential.

In conclusion, the correct option is B.

Read related link on:

brainly.com/question/25038448

7 0
2 years ago
Refer to the following lease amortization schedule. The 10 payments are made annually starting with the beginning of the lease.
Troyanec [42]
1. C 2.d 3.a that is answer
8 0
3 years ago
Other questions:
  • Wind damage occurs to your car costing $800 to repair. If you have a $500 deductible for collision and full coverage for compreh
    5·2 answers
  • You are the brand manager for a new line of ready-to-drink coffee line from Pepsi cola. Which opinion leaders or reference group
    7·1 answer
  • Zahara Smith is wondering how she can make her check stretch enough to afford her monthly cable, water, grocery, and cell phone
    14·2 answers
  • Assume there are currently five firms producing and selling computer chips in the European market. Also assume that the product
    15·2 answers
  • In November 2006, Citigroup's stock (NYSE: C) was trading at $49.59. Following the credit crisis of 2007-2008 and by the end of
    10·1 answer
  • What is the major reason(s) for consumer default on loans?
    12·1 answer
  • Miller Mining, a calendar-year corporation, purchased the rights to a copper mine on July 1, Year 1. Of the total purchase price
    5·1 answer
  • Ether Inc., an electronics manufacturer, offers free T-shirts with the company's logo on them free of charge to its customers. E
    15·1 answer
  • What is work?
    7·2 answers
  • A stock index spot price is $1,287. the zero coupon interest rate is 3.8%. what is the potential arbitrage profit if the 6-month
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!