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kupik [55]
2 years ago
8

Mcniff Corporation makes a range of products. The company's predetermined overhead rate is $19 per direct labor-hour, which was

calculated using the following budgeted data: Variable manufacturing overhead $ 32,000 Fixed manufacturing overhead $ 272,000 Direct labor-hours 16,000 Management is considering a special order for 730 units of product O96S at $67 each. The normal selling price of product O96S is $78 and the unit product cost is determined as follows: Direct materials $ 40.00 Direct labor 15.00 Manufacturing overhead applied 19.00 Unit product cost $ 74.00 If the special order were accepted, normal sales of this and other products would not be affected. The company has ample excess capacity to produce the additional units. Assume that direct labor is a variable cost, variable manufacturing overhead is really driven by direct labor-hours, and total fixed manufacturing overhead would not be affected by the special order. Required: The financial advantage (disadvantage) for the company as a result of accepting this special order would be:
Business
1 answer:
stiv31 [10]2 years ago
5 0
Babe if ur reading this I am dead bc it took me a lifetime to read this now if you excuse me I have to start from the top again bc I lost my place bc it’s so much words
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Anne LLC purchased computer equipment (five-year property) on August 29 for $30,000 and used the half-year convention to depreci
notsponge [240]

Answer:

$1,728

Explanation:

To reach maximum depreciation expense we simply first compute the depreciation which is shown below:-

Depreciation = Purchased computer × Depreciation Rate

= $30,000 × 11.52%

= $3,456

Refer to the MACRS Table 1

Maximum depreciation expense = Depreciation × Half year convention

= $3,456 × 50%

= $1,728

Here we considered half year convention of equipment.

6 0
3 years ago
Grouper Inc. is involved in a lawsuit at December 31, 2020. Prepare the December 31 entry assuming it is probable that Grouper w
goldenfox [79]

Answer:

Grouper Inc. is involved in a lawsuit at December 31, 2020

It is given that Grouper will be liable for $863,600 as a result of this suit. Therefore, the journal entry for this situation is as follows;

On December 31, 2020

Lawsuit loss  A/c  Dr. $863,600

       To Lawsuit liability               $863,600

(To record the lawsuit loss of the Grouper Inc.)

8 0
3 years ago
Bluefield Corp. has two product lines, A and B. Bluefield has identified the following information about its overhead and potent
Triss [41]

Answer:

Overhead assigned to product  labour hours

Product A =  $36.5  per hour ×  76%×  1900= 52,706.0  

Product B =  $36.5  per hour ×  24%×  1900= 16,644.0

Overhead assigned to product using machine hours

Product A =  $1.54 × 17,700= $27,258

Product B =  $1.54   × 27,300 =$42,042

Explanation:

Under the traditional absorption costing system, overhead is assigned to units produced using the direct labour hours or machine hours basis.

Overhead absorption rate = Budgeted overhead for the period/Budgeted labour hours

OAR = $69,300 /1,900 hours  

= $36.5  per hour

Overhead assigned to product

Product A =  $36.5  per hour ×  76%×  1900= 52,706.0  

Product B =  $36.5  per hour ×  24%×  1900= 16,644.0

Overhead absorption rate = Budgeted overhead for the period/Budgeted machine hours

OAR = $69,300 /45,000 hours= $1.54 per hour

Overhead assigned to product

Product A =  $1.54 × 17,700= $27,258

Product B =  $1.54   × 27,300 =$42,042

4 0
3 years ago
What is a debit adjustment on a credit card?
Mnenie [13.5K]
It is a modification is started by the acquirer to redress a preparing mistake. The mistake could be a duplication of an exchange or the consequence of a cardholder question. The acquirer charges or credits the dealer DDA represent the dollar measure of the modification.
3 0
3 years ago
In which situation is it acceptable for an it professional to access corporate secrets?
NNADVOKAT [17]

Answer:

the answer you have now is correct.

3 0
3 years ago
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