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
Ne4ueva [31]
2 years ago
13

Gradwell, Inc., manufactures and sells two products: Product K8 and Product I4. Data concerning the expected production of each

product and the expected total direct labor-hours (DLHs) required to produce that output appear below:
Expected Direct labor hours Total direct labor hours
production per unit
product K8 300 5.0 1,500
product I4 900 3.0 2,700
total direct labor hours 4,200
The direct labor rate is $17.20 per DLH. The direct materials cost per unit for each product is given below:
Direct materials
cost per unit
product K8 $150.20
product I4 $243.70
The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Estimated Expected activity
Activity Cost Pools Activity Measures Overhead
Cost Product K8 Product I4 Total
labor related DLHs $176,064 1,500 2,700 4,200
machine setups setups 71,290 400 600 1,000
order size MHs 121,396 4,300 4,600 8,900
$368,750
The overhead applied to each unit of Product I4 under activity-based costing is closest to:_______.
a. $543.49 per unit.
b. $675.20 per unit.
c. $736.36 per unit.
d. $431.71 per unit.
Business
1 answer:
lisabon 2012 [21]2 years ago
4 0

Answer:

Gradwell, Inc.

The overhead applied to each unit of Product I4 under activity-based costing is closest to:_______.

$243.00 per unit.

Explanation:

a) Data and Calculations:

production per unit                       DL rate   Total Labor Cost

product K8    300    5.0     1,500   $17.20       $25,800

product I4     900     3.0   2,700    $17.20        $46,440

total direct labor hours    4,200   $17.20        $72,240

production per unit       Direct Materials   Total Material Cost

product K8    300          $150.20                   $45,060

product I4     900          $243.70                    219,330

Total direct materials costs =                      $264,390

Estimated Expected activity

Activity Cost Pools Activity Measures  Overhead  Product  Product  Total          

                                                                   Cost          K8           I4

labor related            DLHs                 $176,064       1,500       2,700   4,200

machine setups       setups                   71,290         400          600    1,000

order size                MHs                      121,396      4,300       4,600   8,900

Total                                                  $368,750

Overhead  Cost Allocation  Product    Product    Total          

                                                K8             I4

Labor cost                         $62,880    $113,184  $176,064

Machine setups                   28,516      42,774       71,290

Order size                           58,652     62,744      121,396

Total                                $150,048  $218,702  $368,750

Quantity                                300          900

Overhead per unit          $500.16    $243.00

You might be interested in
Two power plants provide power to Chapel Hill residents: plant UNC and plant Duke. Both plants burn coal to produce electricity,
Sveta_85 [38]

Answer:

a. The socially efficient levels of abatement for UNC power plant is 10.

Explanation:

Note: See the attached Microsoft word file for the calculations of the anwers above.

7 0
3 years ago
Cashiers at the supermarket are allowed to adjust the price of an item up to a maximum of​ $5.0 without getting the​ manager's a
Alekssandra [29.7K]
I didn't even read it
8 0
3 years ago
Problem 5-24 (Algorithmic) (LO. 1, 4) At the start of the current year, Blue Corporation (a calendar year taxpayer) has accumula
Nitella [24]

Answer:

Explanation:

Pam and Jon's dividend income of $134,500 each [($185,000 Accumulated E&P + $111,000 current E&P) / 2],

Statement of distribution for shareholders for tax purpose :-

                                  Pam      Jon

Total distribution $185,000 $185,000

less: Dividend income $134,500 $134,500

<em>                                      $50,500 $50,500</em>

less : Stock basis $25,900 $103,600

Capital gain          $24,600 $0

Pam has a taxable gain of $24,600 which reduces the stock basis to $0, whereas Jon has not any taxable gain but the stock basis has reduced to $53,100 [$103,600- $50,500]

5 0
3 years ago
A constant-cost industry is one in which_______
tiny-mole [99]

Answer:

b.if 100 units can be produced for $100, then 150 can be produced for $150, 200 for $200, and so forth.

Explanation:

Constant-cost means the cost of producing one unit of product does not change no matter how many products each firm in the industry decide to produce.

If the cost of production is $100 for 100 units, $150 for 150 units, $200 for 200 units and so forth, it means the unit production cost is a constant $1 regardless of the quantity to be produced.

4 0
2 years ago
What do you hope to gain from the course of economic development?​
Slav-nsk [51]

Explanation:

An economics degree gives you a high level of mathematical and statistical skills and the ability to apply economic principles and models to problems in business, finance and the public sector. ... numeracy - handling complex data and techniques of mathematical and statistical analysis. problem-solving. analytical skills

8 0
2 years ago
Other questions:
  • Julie is developing a budget for her firm's IMC program. First she sets objectives. Then she chooses media, and finally she dete
    6·1 answer
  • In developed economies such as the United States, the _______ sector dominates the economy. Examples include legal firms,_______
    10·2 answers
  • Lydia finds a car that costs $13,000, and she has $2,500 saved for a down payment. If she qualifies for a 5% interest rate, how
    9·1 answer
  • Which of the following is an example of comparative advantage​? A. Michael Jordan is an American basketball player. B. The Unite
    12·1 answer
  • What is the expected return if a firm has a payout ratio of 0.4, a return on equity of 25%, and a dividend yield of 6%
    15·1 answer
  • At December 31, Hawke Company reports the following results for its calendar year.
    13·1 answer
  • The following units of a particular item were available for sale during the calendar year:
    10·1 answer
  • quantum mechanics shop sells a bicycle to reniel, a costumer who uses a local card(a national credit card, but not issued by an
    13·1 answer
  • g Distinguish between the total U.S. debt and the debt held by the public. Why is the debt as a percentage of GDP more relevant
    8·1 answer
  • The product cost that is most difficult to associate with a product is:.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!