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NeX [460]
3 years ago
7

Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated

annual overhead cost for each activity is $205,900, $265,100, and $78,400, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,900, machine hours 24,100, and number of inspections 1,600. Compute the overhead rate for each activity.
Business
1 answer:
LUCKY_DIMON [66]3 years ago
3 0

Answer:

Overhead cost per set-up =$71

Overhead cost per machine hour =$11

Overhead cost per inspection=$49

Explanation:

<em>Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers. Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.</em>

Activity rate is calculated as:

Activity cost for the period / Total cost drivers for the period

So, we can apply this formula as follows:

Overhead cost per set-up = $205,900/2,900 set-ups=$71

Overhead cost per machine hour = $265,100/24,100 hours=$11

Overhead cost per inspection = $78,400/1,600 inspection=$49

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The law of diminishing marginal returns holds for a situation in which some inputs are variable and some inputs are fixed.

<h3>What is the law of diminishing marginal returns?</h3>

The law of diminishing marginal returns states that after some optimal level of capacity is reached in a production process, an additional factor of production would result in a lessening of output (quantity of production).

In this context, we can infer and logically deduce that the law of diminishing marginal returns would only hold for an economic situation in which some inputs are variable and some inputs are fixed.

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3 0
2 years ago
Two 1000 dollar face value bonds are both redeemable at par, with the first having a redemption date 3 years prior to the redemp
finlep [7]

Answer:

$ 915.71  

Explanation:

In order to determine the second bond price we need to determine the number of years to maturity of the first bond using nper formula in excel.

=nper(rate,pmt.-pv,fv)

rate is the semiannual interest rate of 6% (12%*6/12)

pmt is the semiannual interest=$1000*8.3%*6/12=$41.50  

pv is the current price at $813.04

fv is the face value of $1000

=nper(6%,41.50,-813.04,1000)= 16.00  

The years to maturity=16/2=8 years

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price of second bond=-pv(rate,nper,pmt,fv)

rate is 6%

nper is 11 years multiplied by 2= 22

pmt =5.3%*$1000=$53

fv is $1000

=-pv(6%,22,53,1000)=$915.71  

5 0
3 years ago
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