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
jeka57 [31]
3 years ago
14

A company uses the departmental overhead rate method. Total overhead costs are $5,000,000. Of this total, the machining departme

nt is assigned overhead costs of $4,000,000 and the assembly department is allocated the remainder. The machining department uses machine hours as their allocation base and has 80,000 machine hours. The assembly department uses direct labor hours as their allocation base and has 50,000 direct labor hours. Calculate the overhead rate for the machining department. Multiple choice question. $62.50 per machine hour $50.00 per machine hour $20.00 per direct labor hour $100.00 per direct labor hour
Business
1 answer:
AleksAgata [21]3 years ago
4 0

Answer:

Allocation rate Machining= $50 per machine hour

Explanation:

Giving the following information:

Estimated Machining cost= $4,000,000

Estimated Number of machine hours= 80,000

<u>To calculate the allocation rate for the Machining department, we need to use the following formula:</u>

Allocation rate Machining= total estimated costs for the period/ total amount of allocation base

Allocation rate Machining= 4,000,000 / 80,000

Allocation rate Machining= $50 per machine hour

You might be interested in
Qiang is ready to become a franchise owner and open one of the 50 Southwest Diners, a very successful fast food chain specializi
Karo-lina-s [1.5K]

Answer:

A

Explanation:

When we talk about franchising then it comes with high cost and fee. Firstly, the franchisee need to fulfill certain requirements like specified space, Dining capacity etc. Then franchisee needs pay franchise fee. So to fulfil the specific requirements to attain the franchise, the cost is high. Franchisor, to maintain the brand name apply certain specific requirements on number of diners, space, type of dishes etc. They all comes with high cost. Also the franchise fee will be high as written in question that its successful fast food chain.

After business starts, the franchisee needs to pay certain amount to franchisor every month in terms of ROYALITY.

So, WHen we talk about franchise it comes with high cost.

4 0
3 years ago
What type of control focuses on measuring a company’s products territories, customer groups, segments, trade channels, and order
alex41 [277]
Your answer is Profitablity
4 0
3 years ago
Botosan Factory has budgeted factory overhead for the year at $453,120, and budgeted direct labor hours for the year are 384,000
Sloan [31]

Answer: $412,292

Explanation:

First compute Overhead Absorption Rate = Budgeted Overhead divided by Budgeted Activity Level

In this question the activity level is Direct Labour Hours (DLH) which is the basis for allocating overhead.

budgeted factory overhead for the year at $453,120, and budgeted direct labor hours for the year are 384,000.

$453,120 divided by 384,000 DLH =$1.18

Overheard to be allocated for May is OAR * Actual Activity level

$1.18*349400= $412,292

This is the amount to be allocated to may

7 0
3 years ago
Read 2 more answers
This software application can be used to organize, analyze, and illustrate data.
PSYCHO15rus [73]

Answer:

its Excel :)

Explanation:

I learned abt it

4 0
3 years ago
Identify the mission and strategy of your automobile repair garage. What are the manifestations of the 10 OM decisions at the ga
Mamont248 [21]

Answer:mission and vision of the garage

Explanation: Mission — Provide excellent, on time service at a reasonable price Strategy — keep cost down by employing only the people you need Order parts when needed Advertise for business through word of mouth, fends, and referrals. 1- Goods and services design — prices are set on a per hour shop labour basis determined by a preset formula 2- Quality — certification is required to be employed at the shop Poor labour could negatively impact the reputation of the business 3- Process and capacity design — Business is laid out for the day by the shop manager, and done so on a per job basis Those jobs taking the longest will be started earliest in the morning 4- Location selection — The shop was chosen in a pre-existing building, on a busy street with lots of passing traffic for high exposure 5- Layout design — The layout of the work area is designed for easy access to tools and other necessity.

5 0
3 years ago
Other questions:
  • What unique feature do savings bonds have?
    6·2 answers
  • Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during
    6·1 answer
  • Sam closed the doors to her home-based consulting company only two years after opening because she was tired of working 80-hour
    7·1 answer
  • Given the market for illegal drugs, when the government is successful in reducing the flow of drugs into the united states,
    9·1 answer
  • Sheffield Corp. uses the composite method and its composite rate is 7.5% per year, what entry should it make when plant assets t
    6·1 answer
  • In the Baldrige assessment, _____ refers to how a company refines the approach through cycles of evaluation and improvement, enc
    6·1 answer
  • The following monthly data are available for Seasons Company which produces only one product: Selling price per unit, $42; Unit
    11·1 answer
  • A partnership can be terminated by which of the following
    9·2 answers
  • Why drill should be performed in single beat?​
    10·1 answer
  • The U.S. encourages domestic companies to export because _____________.
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!