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Leto [7]
3 years ago
10

The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $2,050. A

total of 39 direct labor-hours and 261 machine-hours were worked on the job. The direct labor wage rate is $20 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $22 per machine-hour. The total cost for the job on its job cost sheet would be:
Business
1 answer:
charle [14.2K]3 years ago
6 0

Answer:

Total cost= $8,572

Explanation:

<u>First, we need to calculate the direct labor and allocated overhead:</u>

Direct labor cost= 39*20= $780

Allocated overhead= 22*261= $5,742

<u>Now, we can determine the total cost:</u>

Total cost= direct material + direct labor + allocated overhead

Total cost= 2,050 + 780 + 5,742

Total cost= $8,572

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Product ABC has a contribution margin per unit of $10.00. Each unit of ABC requires 5 minutes of machine time. Product XYZ has a
lys-0071 [83]

Answer:

Product ABC

Explanation:

Calculation to determine the maximize profit, they should first fill the demand for if the company's constraint is machine hours.

Product ABC's CM per unit= $10/5 minutes

Product ABC's CM per unit=$2 per minute of machine time

Product XYZ's CM per unit=$15/10 minutes

Product XYZ's CM per unit= $1.50 per minute of machine time

Therefore If the company's constraint is machine hours, to maximize profit, they should first fill the demand for PRODUCT ABC because it has the HIGHEST CM PER UNIT.

6 0
3 years ago
Suppose the market for cantaloupes is unregulated. That is, cantaloupe prices are free to adjust based on the forces of supply a
riadik2000 [5.3K]

Answer:

higher

buyers to offer higher prices

Explanation:

When there's a shortage in the market, demand exceeds supply. A shortage can be caused either by an increase in demand or a fall in supply. When there's a shortage prices rise.

To curb the shortage, buyers would offer an higher price. This would either increase supply or decrease demand and equilibrium would be restored.

I hope my answer helps you.

6 0
3 years ago
Read 2 more answers
Mark has two job offers when he graduates from college. mark views the offers as​ identical, except for the salary terms. the fi
Naily [24]
<span>The first Job has a 100% chance for Mark to earn $50,000. While the second Job Has a possible 50% chance for Mark to earn $20,000 and another possible 50% chance for him to earn $80,000 ($20,000 + $60,000) If mark is risk neutral (Meaning that he is insensitive as regards to risk taking) and he wants to maximize his expected utility then Mark will go for the 100% chance of earning $50,000.</span>
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4 years ago
When buying an existing business, the potential buyer should remember that:?
Ne4ueva [31]
Is this a good location.Does it need repairs. Will I make profit back from this purchase.
8 0
3 years ago
reducing the price of laptop computers is considered a (one word) incentive since the opportunity cost decreases when the price
prohojiy [21]

Reducing the price of laptop computers is considered a - Positive incentive since the opportunity cost decreases when the price falls.

Answer is - Positive

Positive incentive

A positive incentive degree is an monetary, legal or institutional measure designed to inspire beneficial sports. wonderful incentive measures encompass for example incentive payments for natural farming, agricultural land set-apart schemes as well as public or supply-aided land purchases or conservation easements.

What are examples of positive incentive?

Positive incentives reward effective work conduct which includes collaboration among personnel and assembly deadlines. high-quality incentives can include reward, bonuses, profession advancements, incomes extra holiday days, present certificates and other monetary rewards.

What's Positive incentive in psychology?

Positive-incentive price is the predicted satisfaction involved inside the overall performance of a selected conduct, consisting of ingesting a selected food or consuming a selected beverage. it is a key element of the high quality-incentive theories of hunger.

Learn more about Positive incentive here :- brainly.com/question/25225649

#SPJ4

6 0
2 years ago
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