All categories

3 years ago

The following information is available pertaining to Iris Division that uses a plantwide overhead rate based on machine hours:

Business

1 answer:

Makovka662 [10]3 years ago

7 0

Answer:

Allocated MOH= $420

Explanation:

First, we need to calculate the predetermined overhead rate:

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

Predetermined manufacturing overhead rate= 210,000 / 10,000

Predetermined manufacturing overhead rate= $21 per machine hour

Now, we can allocate overhead to Job 101:

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

Allocated MOH= 21*20

Allocated MOH= $420

You might be interested in

If the dollar buys fewer bananas in Honduras than in Guatemala, then traders could make a profit by

Serggg [28]

Answer:

The correct answer is C)

Explanation:

Given that the price for bananas is cheaper in Guatemala, suppliers will be driven to make a quick profit just by buying from the Guatemalan market to sell in the Honduras economy.

This, however, will cause the prices of bananas to rise in Guatemala. Because, according to the basic principles of economics, the higher the demand the higher the price.

Cheers!

8 0

3 years ago

XYZ Corp. applies manufacturing overhead costs to products at a budgeted indirect-cost rate of $65 per direct manufacturing labo

anzhelika [568]

Answer:

Total production costs= $57,500

Explanation:

Giving the following information:

Estimated manufacturing overhead rate= $65 per direct manufacturing labor-hour.

Direct materials of $35,000

250 direct manufacturing labor-hours at $25 per hour

First, we need to allocate overhead:

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

Allocated MOH= 65*250= $16,250

Now, the total production costs:

Total production costs= 35,000 + 25*250 + 16,250

Total production costs= $57,500

8 0

3 years ago

Maple Company purchases new equipment (7-year MACRS property) on January 10, 2020, at a cost of $430,000. Maple also purchases n

soldier1979 [14.2K]

Answer:

$720000

Explanation:

This answer is quite sole and can be obtained by simple addition.

The answer to this question can be gotten by adding the MACR property of 8byears that has a cost of $430,000 with the purchases of new machines whose cost is $290000.

= $430000 + $290000

= $720000

Therefore Maple's total MACRs deduction for the year 2020 is equal to

$720000.

Thank you!

4 0

3 years ago

Bonita Industries purchased a depreciable asset for $174500. The estimated salvage value is $14300, and the estimated useful lif

jok3333 [9.3K]

Answer:

Annual depreciation= $16,020

Explanation:

Giving the following information:

Purchase price= $174,500

Salvage value= $14,300

Useful life= 10 years

To calculate the depreciable base, we need to use the following formula:

Depreciable base= purchase price - salvage value

Depreciable base= 174,500 - 14,300

Depreciable base= $160,200

Now, we can determine the annual depreciation:

Annual depreciation= depreciable base /estimated life (years)

Annual depreciation= 160,200 / 10

Annual depreciation= $16,020

6 0

3 years ago

A person buys a used 2015 Toyota Corolla and finds that there is a problem in the drive train so that the whole set of axles mus

julia-pushkina [17]

Answer:

Safety

Explanation:

Lemon Laws were made to protect customers from defective vehicles with safety problems, or malfunction defects that affect its safety, use or value. Depending on the number of issues detected, the car reveals itself to be a "lemon". Generally, most states provide 3 attempts to solve the problem within a given period. In this case, 30 days.

Since the problem found was on the drivetrain and the axles, then it is a matter of safety after all.

4 0

4 years ago