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rewona [7]
2 years ago
8

Collingsworth, Inc. produces 3 products: AKM, BWT, and CPQ. Product AKM requires 700 purchase orders, Product BWT requires 1,080

purchase orders, and Product CPQ requires 1,720 purchase orders. The company has identified an ordering and receiving activity cost pool with allocated overhead of $504,000 for which the cost driver is purchase orders. How much ordering and receiving overhead is assigned to Product AKM
Business
1 answer:
marusya05 [52]2 years ago
5 0

Answer:

Allocated MOH= $100,800

Explanation:

<u>First, we need to calculate the predetermined allocation rate for ordering and receiving:</u>

<u></u>

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

Ordering and receiving= 504,000 / (700 + 1,080 + 1,720)

Ordering and receiving= $144 per order

<u>Now, we allocate to product AKM:</u>

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

Allocated MOH= 144*700

Allocated MOH= $100,800

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Assume your university earns an average rate of return of 5.65 percent on its endowment funds. If a new gift permanently increas
Dennis_Churaev [7]

Answer:

The amount of the gift is 566,371.6814

Explanation:

Average rate of return = Average net profit / average investment

Average rate of return = 5.65% (5.65/100 = 0.0565)

average net profit = 32000

average investment =  unknown

to calculate the amount of the gift which is investment in this case the same formula for Average rate of return will be used i.e

Average rate of return = Average net profit / average investment

0.0565 = 32, 000/ x

cross multiply

0.0565 x = 32,000

divide both sides by 0.0565

x = 32,000/0.0565

32,000/ 0.0565 = x  

x = 566,371.6814

The amount of the gift  is 566,371.6814

6 0
2 years ago
Brendon Walsh wants to borrow $30,000 from the bank. The interest rate is 6% and the term is for 5 years.
mr_godi [17]

Answer:

38,000

explanation:

take 30,00+1,800(interest paid)=$38,000 (yearly payment)

4 0
3 years ago
In 2006, Atlanta once again hosted the Peachtree Road Race, a running event that attracts many world-caliber racers. This year r
Eduardwww [97]

Answer:

<u>The correct answer is:</u> e. a public relations strategy and resulting publicity.

Explanation:

In the scenario exemplified above, it can be considered that in terms of the promotional mix, the Iraqi Peachtree race was an example of a public relations strategy, as the function of these professionals is to promote an event, brand or company with the objective of attracting positive publicity. , which was what happened in the case of the race.

Public relations activities helped to generate publicity for the event through television media reports.

6 0
3 years ago
How are collective goods different from private goods? collective goods and private goods both offer broadly distributed benefit
Free_Kalibri [48]
Collective Goods basically mean that everything that exists (at least where it is practiced) is shared with everyone! From food to blankets and other household necessities. Whilst Private goods are goods YOU privately own and can be shared, but at your choice otherwise its just yours.
5 0
3 years ago
The Valenti Company uses flexible budgeting for cost control. Valenti produced 10,800 units of product during October, incurring
Alex Ar [27]

Answer:

$500 favorable

Explanation:

Given;

Number of units produced  = 10,800 units

Actual indirect material costs = $13,000

Reflected indirect material costs for 144,000 units  = $180,000

Now,

Per unit reflected indirect material costs = $180,000 ÷ 144,000

= $1.25 per unit

Therefore,

Budgeted indirect material cost for actual units produced

= $1.25 × 10,800

= $13,500

since,

the budgeted cost for indirect material cost for actual units produced is more than the actual indirect material cost, therefore

the indirect material costs in October is favorable

amount = Budgeted cost - Actual cost

= $13,500 - $13,000 = $500 favorable

5 0
3 years ago
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