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skad [1K]
3 years ago
10

Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expe

nses for the coming period are as follows:
Engine parts $760,400
Shop direct labor 555,000
Shop and repair equipment depreciation 57,000
Shop supervisor salaries 158,500
Shop property taxes 28,800
Shop supplies 22,100
Advertising expense 15,200
Administrative office salaries 65,400
Administrative office depreciation expense 8,400
Total costs and expenses $1,670,800

The average shop direct labor rate is $15.00 per hour.

Required:
Determine the predetermined shop overhead rate per direct labor hour.
Business
1 answer:
yulyashka [42]3 years ago
3 0

Answer:

See bekow

Explanation:

Number of direct labor hours = 555,000 / 15 = 37,000

Overhead cost = $57,000 + $158,500 + $28,800 + $22,100

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The City of San Diego is about to replace an old fire truck with a new vehicle in an effort to save maintenance and other operat
marin [14]

Answer:

B. Purchase Price of the Old Vehicle

Explanation:

Step 1: Consider the relevant transaction from the old vehicle

The Purchase price of the old vehicle is considered a historical cost and in most situations, especially for accounting purposes, this amount has undergone depreciation from the very first year the old vehicle was bought.

Instead of concentrating on the purchase price of the old vehicle, the only transaction from that old vehicle that is worth considering is the Proceeds from its disposal which can serve as part of the payment for the new fire truck to be purchased.

Step 2: Consider the relevant transactions for the new vehicle

One of the very first transactions that are relevant for the new vehicle is the purchase price. A very expensive new fire truck can cancel out the benefits of its acquisition since the main essence of acquisition is to save cost.

Step 3: Consider the Expected Operating Expenses that can be saved by the new truck

This the main reason advanced by the CIty of San Diego to get a new fire truck. Hence, a fire truck that tends to increase maintenance and operating cos will not fit into the decision.

Based on these explanations, therefore, the only transaction that is not relevant to this decision is the purchase price of the old vehicle

6 0
4 years ago
True or false: Researchers suggest that the one factor accounting for many of the failures of global teams is ineffective reward
Neporo4naja [7]

This is true. Researchers suggest that  ineffective reward and recognition strategies are factors responsible for the failures.

<h3>What are global teams?</h3>

These are also referred to as the multinational teams. They are the specific type of team that is found in a workforce where the members may be people that are from different places.

By different places, we mean they are from different nations and their cultural backgrounds differ.

Read more on global teams here: brainly.com/question/5392895

7 0
3 years ago
If a company can use 100% of its
juin [17]

Answer:

to use 100% of its resources to produce timber

Explanation:

I did the test. Trust mate

5 0
2 years ago
Assume that the average firm in your company's industry is expected to grow at a constant rate of 5% and that its dividend yield
Galina-37 [17]

Answer:

required return on the company's stock = 11%

Value of each share =$88.51

Explanation:

The constant growth model states that P_0=\frac{D_1}{k_e-g}. If ke is made subject of formular, k_e=\frac{D_1}{P_0}+g.

This implies that ke= dividend yield plus growth rate = 6%+5%=11%. Therefore the required return on the company's stock = 11%

Values of each share = \frac{D1}{(1+ke)^1}+\frac{D2}{(1+ke)^2}+\frac{D3}{(1+ke)^3}+\frac{P3}{(1+ke)^3}.

where D_1= D_0*(1+g)=3(1.5)

and P3= \frac{D4}{ke-g}

Value of each share = \frac{3(1.5)}{(1+0.11)^1}+\frac{3(1.5)(1.25)}{(1+0.11)^2}+\frac{3(1.5)(1.25)(1.05)}{(1+0.11)^3}+\frac{3(1.5)(1.25)(1.05)^2}{(0.11-0.05)(1+0.11)^3} = 88.51

8 0
3 years ago
How is distribution and selling connected?
olganol [36]

Answer:

Manufacturers produce or make products. They typically sell them to wholesalers or distributors that have expertise in getting products to retailers. Retailers then hold inventory and market the goods to consumers that purchase them for personal or family consumption.

5 0
3 years ago
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