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3 years ago

Required information

Business

1 answer:

Bezzdna [24]3 years ago

8 0

Answer:

Total allocated costs= $19

Explanation:

First, we need to calculate the predetermined manufacturing overhead rate for each department:

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

Assembly= 390,000 / 390,000= $1 per machine hour

Finishing= 581,100 / 149,000= $3.9 per direct labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Assembly= 1*3.4= $3.4

Finishing= 3.9*4= $15.6

Total allocated costs= $19

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Casey Electronics has a piece of machinery that costs $300,000 and is expected to have a useful life of 6 years or 40,000 hours.

kozerog [31]

Answer:

None of the given options.

Depreciation expense for year 1 would be $37,500.

Explanation:

Cost = $400,000

Residual value = $50,000

Expected hours = 40,000

Working hours (year 1) = 6,000 hours

Now,

Depreciation per hour = $\frac{Cost-Residual Value}{Expected hours}$

Depreciation per hour = $\frac{300,000 - 50,000}{40,000}$

Depreciation per hour = $\frac{250,000}{40,000}$

Depreciation per hour = $6.25

Depreciation expense (year 1) = Depreciation per hour × Working hours (year 1)

Depreciation expense (year 1) = $6.25 × 6,000

Depreciation expense (year 1) = $37,500

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3 years ago

the change from traditional manufacturing to service and high-tech manufacturing requires highly job skills.

valentina_108 [34]

Answer:

Technical

Explanation:

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2 years ago

Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 30,000 shares authorized, 15,0

Natasha_Volkova [10]

Answer:

Dr Retained Earnings $6,000

Cr Common Dividends Payable $6,000

Explanation:

Preparation of the journal entry to record the dividend declaration

Based on the information given we were told that the Corporation declared the amount of $0.50 per share cash dividend on common shares in which 12,000 shares of the common stock are outstanding, hence The journal entry to record the dividend declaration is:

Dr Retained Earnings $6,000

Cr Common Dividends Payable $6,000

(12,000*$0.50)

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3 years ago

Uli produces stereo speakers. The selling price per pair of speakers is $1,930. There is no beginning inventory. Costs involved

blondinia [14]

Answer:

Ending inventory= $240,840

Explanation:

Giving the following information:

Total variable manufacturing costs per unit $470

Fixed manufacturing overhead per year $679,420

During the year, Uli produces 1,610 pairs of speakers and sells 1,340 pairs.

The full costing method (absorption costing) includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. 

First, we need to calculate the total production cost:

Total cost= 1,610*470 + 679,420

Total cost= $1,436,120

Now, the unitary cost and ending inventory cost:

Unitary cost= 1,436,120/1,610= $892

Ending inventory= $892*270 units

Ending inventory= $240,840

7 0

3 years ago

Calculate the loan balance for each of the six months. The loan balance is calculated as the additional cash needed for a given

alexandr402 [8]

Answer:

The closing balance from the excel sheet is $5,000.00

Explanation:

Solution

Given that:

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Now

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D34 = SUM(D31-D33,C34)

The same formula is used to get the values for E34 to I34.

Kindly find an attached copy of the updated excel sheet after applying above formula which is a part of the solution is as follows:

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3 years ago