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2 years ago

A job cost sheet of Sandoval Company is given below.

Business

1 answer:

OLEGan [10]2 years ago

8 0

Answer:

A. Direct materials-Materials requisition slips

Direct labor-Time tickets

Manufacturing overhead- Predetermined overhead rate

B. 125%

C. Total cost $7,760

Unit cost $3.104

Explanation:

1. Based on the information given the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job are :

Direct materials-Materials requisition slips

Direct labor-Time tickets

Manufacturing overhead- Predetermined overhead rate

2. Calculation to determine the predetermined manufacturing overhead rate

Predetermined overhead rate=$550/$440*100

Predetermined overhead rate=125%

Therefore the predetermined manufacturing overhead rate is 125%

3. Calculation to determine the total cost and the unit cost of the completed job

TOTAL COST

Direct Material $4, 700

($700 + $900 + $1,600 + $1,500)

Add Direct Labor $1,360

($440 + $380 + $540)

Add Manufacturing Overhead $1,700

($550 + $475 + $675)

Total Cost $7,760

UNIT COST

Unit cost= $7,760/ 2,500

Unit cost=$3.104

Therefore the total cost is $7,760 and the unit cost of the completed job is $3.104

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3 years ago

Which of the following is not a disadvantage to inflation targeting?

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Answer:

D is the correct option

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3 years ago

Drag the tiles to the correct boxes to complete the pairs.

vagabundo [1.1K]

Answer:

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3 years ago

XYZ Corp owns a 3-year $10 million par floating rate bond. The coupons on the bond are 12-month LIBOR. XYZ would like to hedge a

malfutka [58]

Answer:

2.45%

Explanation:

The computation of the fixed rate is shown below:

Years to maturity Zero coupon bond price YTM Forward rate

1 0.99 1.01%

2 0.97 1.53% 2.06%

3 0.93 2.45% 4.30%

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3 years ago

Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,200. Budgeted cash receip

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Answer:

$13,400

Explanation:

The movement in cash balance over a period is as a result of receipts and disbursements over the period. This may be expressed mathematically as

Opening balance + receipts - disbursements = closing balance

If the company wants to maintain a desired closing balance, the amount to be borrowed would form part of the receipts

$19,200 + receipts - $190,400 = $31,200

Receipts = $190,400 + $31,200 - $19,200

= $202,400

Given Budgeted cash receipts total $189,000 then amount to be borrowed

= $202,400 - $189,000

= $13,400

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3 years ago