1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Georgia [21]
2 years ago
4

Ed was working on a custom-made workbench for a customer. The job, TB0414, was begun in November. At the end of November, the jo

b cost sheet for TB0414 showed direct materials of $215, direct labor of 14 hours at $18 per hour, and overhead of 50% of direct labor cost. During December, Ed’s time ticket showed 15 hours on Job TB0414, 25 hours on Job TB0614, 10 hours of maintenance on the lathe, and 40 hours on a new job, DR1014. What is the total amount of overhead applied to TBO414?
Business
1 answer:
shtirl [24]2 years ago
5 0

Answer:

Allocated MOH= $261

Explanation:

Giving the following information:

Predetermined overhead rate= 50% of direct labor cost

<u>To allocate overhead to Job TB0414, we need to use the following formula:</u>

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

<u>First, we need to determine the total labor cost:</u>

<u></u>

TB0414:

Direct labor hours= 14 + 15 = 29

Total direct labor cost= 29*18= $522

<u>Now, the allocated overhead:</u>

Allocated MOH= 522*0.5

Allocated MOH= $261

You might be interested in
Worker Corporation allocates its single support department to its operating departments based on the single rate method using ma
Firlakuza [10]

Answer:

$85 per machine hour

Explanation:

                                                                Actual           Budgeted

Fixed costs                                           $50,000          $47,960

Machine hours – Assembly                   1,900               1,976

Variable costs – Assembly                 $121,000         $120,000

since the single rate method does not distinguish between fixed or variable costs, in order to determine the cost allocation rate we must add the fixed allocation rate and the variable allocation rate:

  • variable allocation rate = $120,000 / 1976 machine hours = $60.73
  • fixed allocation rate = $47,960 / 1976 = $24.27

total = $60.73 + $24.27 = $85 per machine hour

7 0
3 years ago
On January 1, Year 1, the Starshina Company paid $25,000 for a photocopier with an estimated useful life of 4 years, and an esti
maksim [4K]

Answer: The amount of depreciation expense for Year 3 is $3,125.

Explanation: The double-declining method is otherwise known as the reducing balance method and is given by the formula below:

Double declining method = 2 X SLDP X BV

SLDP = straight-line depreciation percentage

BV = Book value

Under straight-line method, depreciation expense is (cost - residual value) / No of years = ($25,000 - $5,000) / 4 years = $5,000 yearly depreciation expense.

Under the double-declining method, 100%/4years = 25%, then 25% multiplied by 2 to give 50%

At Year 1, 50% X $25,000 = $12,500

At Year 2, 50% X $12,500 ($25,000 - $12,500) = $6,250

At Year 3, 50% X $6,250 ($12,500 - $6,250) = $3,125 (the depreciation expense would stop at this stage since the amount falls below the residual value).

7 0
3 years ago
A decline in the Index of Supplier Deliveries is typically an indicator of a future _____ in economic production, and a narrowin
Umnica [9.8K]

Answer:

D. slowdown; slowdown

Explanation:

Based on the scenario been described in the question, a decline in the index of supplier deliveries will definitely slowdown economic production because it will lead to delay in delivery and also it is an indicator that future production will be slow. Also, the narrowing of the interest rate spread between 10years treasury note the three months bill is clearly an indicator that future economic production will be slow

4 0
3 years ago
X-Mart purchased $300 of merchandise and paid immediately. Demonstrate the journal entry to record this transaction, assuming th
Troyanec [42]

Answer:

Debit Merchandise Inventory $300; credit Cash $300

Explanation:

The journal entry to record the given transaction is shown below:

Merchandise inventory Dr $300

    To Cash $300

(being cash paid is recorded)

Here the merchandise inventory is debited as it increased the assets and credited the cash as it decreased the assets

5 0
3 years ago
Bakker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year,
alexira [117]

Answer:

Allocated MOH= $92,625

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

<u></u>

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

Predetermined manufacturing overhead rate= 97,500 / 3,000

Predetermined manufacturing overhead rate= $32.5 per direct labor hour

<u>Now, we can allocate overhead:</u>

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

Allocated MOH= 32.5*2,850

Allocated MOH= $92,625

8 0
3 years ago
Other questions:
  • Jennifer's family always celebrates Christmas with decorated tree and stockings hung on the fireplace. These holiday decorations
    8·1 answer
  • Waterway Surplus made cash sales during the month of October of $395000. The sales are subject to a 6% sales tax that was also c
    8·1 answer
  • 5. Meredith is stuck in the airport on a long layover while traveling for work. She sees two Wi-Fi’s she can log onto: one says
    10·2 answers
  • What is payroll withholding?
    6·2 answers
  • Ski Park Company purchased a gondola for $440,000 (no residual value) at the beginning of 2015. The gondola was being depreciate
    8·2 answers
  • _____ signs tell you how to drive safely in work zones.
    12·1 answer
  • The U.S. Treasury bill is yielding 3.0 percent and the market has an expected return of 11.6 percent. What is the Treynor ratio
    13·1 answer
  • When is the corona gonna finish
    7·2 answers
  • Pop-Quiz/12 points!!
    7·1 answer
  • What is the difference between national and enterprise.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!