At April 30, Marigold Corp. has the following bank information: Cash balance per bank $5400 Outstanding checks $330 Deposits in
1 answer:
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Answer:
a) Standard WIP 75,000 debit
factory overhead 75,000 credit
b) applied to deluxe model 28 setups x $ 400 = $ 11,200
c) total overhead to deluxe: 35,200
Explanation:
expected overhead: 120,000
total labor hours: 375 + 22 = 600
overhead rate: 120,000 / 600 = 200
applied to Standard model: 375 hours x $ 200 = 75,000
overhead cost for setups: $ 20,000
total setups (cost driver) 22 + 28
activity rate: $ 20,000 / 50 setups = $ 400
applied to deluxe model 28 setups x $ 400 = $ 11,200
overhead cost for component: $40,000
total components: 8 + 12 = 20
activity rate: 40,000 / 20= 2,000
applied to deluxe model: 12 x 2,000 = 24,000
<u>Overhead cost into deluxe model under ABC:</u>
setup overhead applied to deluxe model 28 setups x $ 400 = $ 11,200
component overhead applied to deluxe model: 12 x 2,000 = 24,000
Total: 35,200
1) let P represent Price, and since the dependency is linear, the supply equation will take the following form:
A) Y- =
⇒ Y - 1,000 =
⇒ Y - 1,000 =
⇒ Y =
⇒ Y = , therefore,
P =
B) When Y = 1,130, the price would be:
⇒P =
⇒ P =
Therefore:
P = $194
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