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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 balances in Sanchez Accounting Services' office supplies account on February 1 and February 28 were $800 and $400, respectiv
riadik2000 [5.3K]

Answer:

A. $ 600

Explanation:

Computation of office supplies purchases during February

The formula for calculating the purchases is:

Opening Inventory + Purchases - Expenses = ending inventory Supplies

$ 800 + Purchases - $ 1000 = $ 400

By solving the equation, the purchase value is calculated at $ 600

Another approach is to see that the change in supplies inventory balance is a reduction of $ 400, The expenses of $ 1000 is contributed by a reduction in supplies of $ 400 and the remaining balancing amount of $ 600 is the purchases

5 0
4 years ago
The key issue in the research on the predictive ability of ars scores was whether these scores accurately predict the magnitude
Marizza181 [45]

The key issue in the research on the predictive ability of ComScore ARS Share of Choice scores was whether these scores accurately predict the magnitude of market-share gain (or loss) the following advertising.

the qestion is incomplete .please read below to find the missing content

The key issue in the research on the predictive ability of ComScore ARS Share of Choice scores was whether these scores accurately predict the magnitude of _____ gain (or loss) in the following advertising.

Research is “creative and systematic work to increase the body of knowledge”. The information must be collected, organized, and analyzed to develop a better understanding of a topic or issue. A research project can be an extension of previous work in the field. Wikipedia

Research is a systematic research process involving the collection of data. documenting material information; analyzing and interpreting such data/information in accordance with appropriate methods established by the particular discipline and discipline;

Research is defined as creating new knowledge and/or using existing knowledge in new and creative ways to generate new concepts, methods, and insights. This may involve the synthesis and analysis of previous research to the extent that it leads to new creative results. January 5, 2020

Learn more about the research  here

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5 0
2 years ago
You put money into an account that earns an 8 percent nominal interest rate. The inflation rate is 5 percent, and your marginal
Arada [10]

Answer:

After tax real rate will be 2.2 %

So option (b) will be correct answer

Explanation:

We have given nominal interest rate = 8 %

Inflation rate = 5 %

And marginal tax = 10 %

We have to find the after tax real rate interest

After tax real rate of interest is given by

After tax real rate = nominal interest rate ( 1 - tax rate ) - inflation rate

= 8 ( 1 - 0.1 ) - 5 = 8×0.9 -5 = 7.2 - 5 = 2.2 %

So option (b) will be correct answer

4 0
4 years ago
If the fixed cost of producing seven video games is $14, and the variable cost of producing seven video games is $12, how much i
zalisa [80]
The total cost of producing seven video game is $26.
The fixed cost refers to the cost of input during production process which is constant in amount the quantity of products produced notwithstanding while variable cost refers to those costs that vary depending on the quantity of goods produced. To find the total cost of producing a product, the variable and the fixed costs have to be added together.
5 0
4 years ago
Read 2 more answers
On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at t
ss7ja [257]

Answer and Explanation:

The amortization schedule is presented below:    

Date          Cash   Interest expense    Amortization Balance

                        A              B                           C = (A - B)

January 1, Year 1                                              $58,998

                                                                                                    D

End of Year 1 $3,944     $3,717                     $227                 $58,771

                                                                                                  E = D - C

End of Year 2  $3,944    $3,702.573            $241                 $58,530

End of Year 3  $3,944     $3,687.39            $257                 $58,273

End of Year 4  $3,944     $3,671                   $273              $58,000

Working notes:

For computing the missing amount first we have to find out the interest expense rate which is

= $3,717 ÷ $58,998

= 6.30%

For year 2,

The interest expense is

= $58,771 × 6.30%

= $3,702.573

For year 3,

The interest expense is

= $58,530 × 6.30%

= $3,687.39

4 0
4 years ago
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