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kupik [55]
3 years ago
13

Grib Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The pred

etermined overhead rates for the year are 200% of direct labor cost for Department A and 50% of direct labor cost for Department B. Job 436, started and completed during the year, was charged with the following costs: Department A Department B Direct materials $50,000 $10,000 Direct labor ? $60,000Manufacturing overhead $80,000 ?The total manufacturing cost assigned to Job 436 was:_________A) $360,000B) $390,000C) $270,000D) $480,000
Business
1 answer:
gregori [183]3 years ago
8 0

Answer:

$270,000

Explanation:

Calculation of total manufacturing cost assigned to Job 436

Direct Materials

Dept A                                                   $50,000

Dept B                                                    $10,000

Direct Labor

Dept A      ($80,000 x 1/2)                   $40,000

Dept B                                                   $60,000

Manufacturing Overheads

Dept A                                                   $80,000

Dept B   ($60,000 x 50%)                    $30,000

Total                                                     $270,000

Therefore,

The total manufacturing cost assigned to Job 436 was $270,000.

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Suppose that the demand and price for a wrist watch are related by the following equation:
Natasha2012 [34]

Answer:

a. $28

b. $19

c. 800 watches

Explanation:

The equation is

p = D(q) = 28 - 2.25

The equation of the demand would be

P = 28 - 2.25q

a. The price would be

= $28 - 2.25 × 0

= $28 - 0

= $28

b. The price would be

= $28 - 2.25 × 4

= $28 - 9

= $19

The quantity demanded is come in hundreds so we take only 4

c. The quantity woul dbe

$10 = $28 - 2.25q

$10 - $28 = -$2.25q

-$18 = -$2.25q

So q would be

= 800 watches

4 0
3 years ago
A company has budgeted direct materials purchases of $300,000 in July and $480,000 in August. Past experience indicates that the
enyata [817]

Answer: $696,000

Explanation:

Given the following;

JULY direct material purchase = $300,000

AUGUST BUDGET

direct material purchase =$480,000

Selling and administrative expenses = $48,000

Depreciation expense = $36,000

Purchase of office equipment = $72,000

Wages expenses = $150,000

Only 70% of the amount of purchases made in a month being paid that month. The remaining 30% paid the next month

Therefore, total Budgeted cash disbursement for the month of August will include ;

30% of July purchase

0.3 × $300,000 = $90,000

70% of August direct material

0.7 × $480,000 = $336,000

Wage expense = $150,000

Office equipment purchase =$72, 000

Selling and administration expenses = $48,000

= $(90,000 + 336,000+ 150,000+72,000+ 48,000) = $696,000.

3 0
3 years ago
Joe Keller and Ed Keller are brothers and both are lawyers. They start a personal injury law firm. Over the course of six months
dlinn [17]

Answer:

<h2>They are bankrupt.</h2>

Explanation:

Bankrupt is a stage given by a legal court, that is legally assigned when they are able to demonstrate that they can't pay the debts. So, the court could order the relief of their debts or part.

7 0
3 years ago
You own a portfolio that has $2,600 invested in Stock A and $3,600 invested in Stock B. If the expected returns on these stocks
Sav [38]

Answer:

the  expected return on the portfolio is $7,052

Explanation:

The computation of the expected return on the portfolio is shown below:

Stock A return = $2,600 + 12% of 2600 = $2,912

And,  

Stock B return = $3,600 + 15% of 3600 = $4,140

So,  

Expected return on portfolio is

= $2,912 + $4,140

= $7,052

hence, the  expected return on the portfolio is $7,052

7 0
2 years ago
"The big white house on the hill clearly" was different from any of the other homes in the subdivision. It had more rooms, a dou
Helen [10]

Answer: Functional Obsolescence

Explanation:

Functional Obsolescence could be described as when a product is undervalued than what is expected due it's composed of outdated features.

Most very old homes are usually outdated. Innovation spring forth every day, especially in the area g homes, homes that are commercially rented are portable and have recent designs, but for homes that are not they may not be valued for what they should or what the seller expects. This is the scenario with homeowner.

4 0
3 years ago
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