How does pay structure affect company strategy ?

Markup on job cost 75%

Arlecino [84]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Markup on job cost 75%

Milling Assembly

Machine-hours 60,000 3,000

Direct labor-hours 8,000 80,000

Total fixed manufacturing overhead cost $ 390,000 $500,000

Variable manufacturing overhead per machine-hour $2.00

Variable manufacturing overhead per direct labor-hour $3.75

Job 407:

Milling Assembly

Machine-hours 90 4

Direct labor-hours 5 20

Direct materials $800 $370

Direct labor cost $70 $280

1) We need to calculate the total overhead costs:

Milling= 390,000 + 2*60,000 + 3.75*8,000= $540,000

Assembly= 500,000 + 2*3,000 + 3.75*80,000= $806,000

2) Now, the predetermined overhead rate per department:

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

For Milling we will use machine hours as allocation base:

Milling= 540,000/60,000= $9 per machine hour

For Assembly, we will use direct labor hours:

Assembly= 806,000/80,000= $10.075 per direct labor hour

3) We need to allocate overhead to Job 407

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

Milling= 9*90= $810

Assembly= 10.075*20= $201.5

Total overhead= $1,011.5

4) Total cost= (800 + 370) + (70 + 280) + 1,011.5

Total cost= $2,531.5

5) Finally, the selling price:

Selling price= 2,531.5*1.75= $4,430.125

8 0

3 years ago

In a process called _______, a customer visits a store to touch, feel, and even discuss a product's features with a sales associ

ivanzaharov [21]

Answer:

showrooming

Explanation:

In showrooming, a customer visits a store to touch, feel, and even discuss a product's features with a sales associate, and then instantly compares the prices online to see whether a better deal is available.

6 0

3 years ago

Read 2 more answers

Based on a cost of $200,000 in year 0, and benefits of $600,000 for years 1 through 4, use the financial benefits calculator spr

natta225 [31]

200,000 + 600,000 = 800,000 is totally answer

4 0

3 years ago

a stock broker allocated $100,000 to an account earning 4% per year compounded continuously. if no withdrawals are made, how muc

Lisa [10]

$100,000 was allocated by a stockbroker to a portfolio yielding 4% annually compounded. If no withdrawals are taken, there will be $117,352 left in the account after four years.

Given a certain rate of return, present value (PV) is the current value of a future financial asset or stream of cash flows. A discount rate or the interest rate that could be obtained through investment is applied to the future value to get the present value.

According to the continuously compounded interest formula,

FV = PV $e^{it}$

Here,

Present Investment Value, or PV

the interest rate, I

T = time in years

So,

In light of the specified

PV = $ 100,000

I = 4% = 0.04

t = 4 years

Hence

FV stands for "Final Investment Value"

Then,

FV = 100,000 * e⁰.⁰⁴ˣ⁴

FV = 100,000*e⁰.¹⁶

FV = 100,000 * 1.173510871

FV = 117351.0871

FV = 117351

Hence

The balance in the account after four years was = $117,352

To know more about Present Value, refer to this link:

brainly.com/question/1212987

#SPJ4

7 0

1 year ago

The formula to compute cash receipts or cash payments for operating cash flows using the direct method is?

labwork [276]

Answer:

[>>>>>>>..............................

8 0

2 years ago