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True [87]
3 years ago
15

Company Dept. A Dept B. Predetermined overhead rate per direct labor hour $2.10 $2.40 $1.80 Direct labor hours hours worked on J

ob ABC 30 17 13 Based on this information, the overhead applied to Job ABC using multiple predetermined overhead rates is ______.
Business
1 answer:
marta [7]3 years ago
5 0

Answer:

Total applied overhead= $64.2

Explanation:

Giving the following information:

Dept. A Dept B.

Predetermined overhead rate per direct labor hour $2.40 $1.80

Job ABC:

Direct labor hours Dept A= 17

Direct labor hours Dept B= 13

<u>We need to use the departmental predetermined overhead rates.</u>

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

<u></u>

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

Dept A= 2.4*17= $40.8

Dept B= 1.8*13= $23.4

Total applied overhead= $64.2

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For the firm below, give a classification of which market structure it most accurately fits. Briefly justify your classification
poizon [28]

Answer: Perfect competition

Explanation:

The market structure for a small scale corn farmer is perfect competition. The characteristics of perfect competition include:

1. Large Number of Sellers and Buyers: In a perfect competition, there are large number of buyers and sellers in the market. Producers are price takers and the seller cannot influence the price. There are numerous people on the market that sells corn and no seller can influence price.

2. Homogenous Products: The products are identical. Corn looks thesame and cannot be differentiated.

3. Perfect information. There is perfect information about the prices of products and other necessary information regarding the products. There's a perfect information regarding the corns that are sold.

(4) Free entry and exit: There's free entry and exit as new sellers are free to come into the market. There's no obstacle in the market.

6 0
3 years ago
Warren, Inc. purchased a $400,000 life insurance policy on the company president on January 1, 2017. The premium that was paid o
stealth61 [152]

Answer: $10,400

Explanation:

4 0
4 years ago
Is used to record and accumulate all the costs assigned to a specific job.
Mashutka [201]
The Correct Answer is Option D. (Job-Cost record)
6 0
3 years ago
I need asap please
andreev551 [17]

Glow plugs should have high resistance when warm and lower resistance when cold

3 0
3 years ago
uzio Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selli
anygoal [31]

Answer:

Result : Incremental profit of $2,280

Explanation:

Consider the incremental costs and revenues resulting from the $5,000 increase in the monthly advertising budget.

<u>Analysis of incremental costs and revenue</u>

Sales (140×$ 130)                                  18,200

Less Variable expenses (140×$ 78)   (10,920)

Contribution                                            7,280

Less Fixed Costs

Advertising                                            (5,000)

Net Operating Income / (Loss)              2,280

Result : Incremental profit of $2,280

4 0
3 years ago
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