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mr_godi [17]
3 years ago
11

Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou

rs. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 85,000 Total fixed manufacturing overhead cost $ 306,000 Variable manufacturing overhead per direct labor-hour $ 6.00 Recently, Job P951 was completed with the following characteristics: Number of units in the job 25 Total direct labor-hours 100 Direct materials $ 700 Direct labor cost $ 8,500 The total job cost for Job P951 is closest to:
Business
1 answer:
topjm [15]3 years ago
7 0

Answer:

Total job cost  $10,160

Explanation:

The computation of the total job cost is shown below:

Predetermined fixed overhead rate

= total fixed manufacturing overhead expense ÷ total direct labor hours

= $306,000 ÷ $85000

= $3.60 Per hour

Now  

<u>Particulars Cost </u>

direct materials $700

Direct labor cost $8500

Fixed manufacturing overhead cost (100 × 3.60) $360

Variable manufacturing overhead cost (100 × 6.00) $600

Total job cost  $10,160

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The United States does not allow oranges from Brazil (the world's largest producer of oranges) to enter the United States. If Br
Nina [5.8K]

Answer:

The statement is True

If Brazilian oranges entered the United States, the number of oranges in the market would be higher, and if the quantity demanded remained more or less stable, the oranges prices would fall.

Changes in supply are those produced by anything other than price, thus, in this example we can see a change in supply, because the higher number of oranges has come from the market entry of new competitors : the brazilian orange providers.

5 0
3 years ago
Clay’s Forging at Canal Fulton wants to determine its inventory management performance during its past year of operations. Refer
Tatiana [17]

Answer:

days on inventory 57 + collection cycle 163- payment cycle 63

CCCT = 157 days

Explanation:

The cash-to-cash measures the times from the company paid his good from the time it collect from the customer:

days inventory outstanding + collection cycle - payment cycle

<u>days inventory outstanding:</u>

\frac{365}{Inventory TO} = $Days on Inventory

Where:

\frac{COGS}{Average Inventory} = $Inventory Turnover

​where:

$$Average Inventory=(Beginning Inventory + Ending Inventory)/2

COGS                         $ 1,790,000

Beginning Inventory: $    273,000

Ending Inventory:      $   290,000

Average Inventory:   $     281,500

\frac{1790000}{281500} = $Inventory Turnover

Inventory TO 6.358792185

\frac{365}{6.35879218472469} = $Days on Inventory

Days on Inventory 57

<u>Collection cycle:</u>

\frac{Sales}{Average AP} = $AP Turnover

​where:

$$Average AP=(Beginning AP+ Ending AP)/2

Purchases:      1,575,000

Beginning AP:   227,500

Ending AP:         316,200

Average AP:      271,850

\frac{1575000}{271850} = $AP Turnover

\frac{365}{AP TO} = $payment cycle

AP TO 5.793636196

payment cycle 63

<u>Collection cycle</u>

\frac{Sales}{Average AR} = $AR Turnover

Sales 102,000

Average AR 45,500

\frac{102000}{45500} = $AR Turnover

\frac{365}{AR TO} = $collection cycle

AR TO 2.241758242

\frac{365}{2.24175824175824} = $collection cycle

collection cycle 163

5 0
3 years ago
When a person is unable to make a decision because they have no way to process and weigh the risks and rewards in front of them,
lesya [120]
The answer is Analysis Paralysis.  <span />
8 0
3 years ago
Read 2 more answers
An economy's standard of living can be at its highest if:
Natasha2012 [34]
Whats the answer options you get

8 0
3 years ago
A company issued 5-year, 7% bonds with a par value of $500,000. The market rate when the bonds were issued was 6.5%. The company
san4es73 [151]

Answer:

The correct answer is $17,000.

Explanation:

According to the scenario, the given data are as follows:

Bonds percent = 7%

Par value of bonds = $500,000

Market rate = 6.5%

Cash received = $505,000

So, we can calculate the amount of recorded interest for semiannual interest period by using following formula:

First we calculate the premium on bonds,

So, Premium on bonds = Cash received - Par value of bonds

= $505,000 - $500,000

= $5,000

So, straight line amortization = Premium on bonds ÷ years

= $5,000 ÷ 5

= $1,000

So, Amount of interest expense for first semiannual is as follows:

Amount of interest = ( Par value of bonds × Bonds percent ) ÷ 2 - (straight line amortization ÷ 2)

= ( $500,000 × 7% ) ÷ 2 - ( $1,000 ÷ 2 )

=  $17,500 - $500

= $17,000.

4 0
2 years ago
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