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Nonamiya [84]
3 years ago
9

West Company estimates that overhead costs for the next year will be $3,800,000 for indirect labor and $970,000 for factory util

ities. The company uses machine hours as its overhead allocation base. If 106,000 machine hours are planned for this next year, what is the company's plantwide overhead rate?
Business
1 answer:
nalin [4]3 years ago
3 0

Answer: $45 per machine hour

Explanation:

Company uses machine hours as its overhead allocation base and there were 106,000 machine hours planned.

The overheads are $3,800,000 for indirect labor and $970,000 for factory utilities.

The rate will therefore be;

= Total Overhead / Machine hours

= (3,800,000 + 970,000) / 106,000

= $45 per machine hour

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Which of the following was not an effect of the Norris LaGuardia Act?
Katena32 [7]
U didn’t put like half the question luv
7 0
3 years ago
Sun Co. was constructing fixed assets that qualified for interest capitalization. Sun had the following outstanding debt issuanc
inessss [21]

Answer:

the interest rate that should be determined the capitalized interest is 8.57%

Explanation:

The computation of the interest rate that should be determined the capitalized interest is shown below;

= $6,000,000 ÷ ($6,000,000 + $8,000,000) × 0.08 + $8,000,000 ÷  ($6,000,000 + $8,000,000) × 0.09

= 0.0857

= 8.57%

Hence, the interest rate that should be determined the capitalized interest is 8.57%

The same would be considered

7 0
2 years ago
On December 31, 2017, Ball Company leased a machine from Cook for a 10-year period, expiring December 30, 2027. Annual payments
puteri [66]

Answer:

Explanation:

A capital lease is a lease arrangement in which the lessor agrees to transfer the ownership of an asset to the lessee at the completion of the lease period. During the leasing contract , the lease is treated like an asset in the company's balance sheet

Lease liability at inception =                             676,000

Annual payment  made on December 2017 =(100,000)

Balance lease liability on 2017                        = 576,000

Lease liability on December 2018

Balance on 2017                                                =576,000

Factor in 10% discount on lease payment

100,000 - (576,000*10%)= 100,000-57,600 =   (42,400)

Balance on lease liability =                                  533,600

The current liability portion =

Factoring in the 10% discount =

100,000 - (533,600*10%) = 100,000 - 53,360 =  46,640

7 0
3 years ago
g Salmont Corporation uses the FIFO method in its process costing system. The company reported 28,000 equivalent units of produc
aliina [53]

Answer:

25,150 units

Explanation:

The question is to determine the number of production units that were started during the month.

Note that the company uses the First In First Out method for Process costing

<u>Description                          Units in Process</u>   <u>completion (%)</u>   Equivalent    

                                                                                                     <u>completed (units)                               </u>

The Equivalent Units             28,000                     100              28,000

Subtract:

Opening Work-in- progress    7,500                       60                 4,500

Closing Work in Progress       5,500                        70                3,850

Equivalent Units Started and Completed                                  19,650

Step 2: Equivalent Units Started

= Eqivalent Units started and completed +  Total Ending Units    

= 19,650 + 5,500 =     25,150 units

           

5 0
3 years ago
ABC sells 28 units for $50 each on December 15. Of the units sold, 14 are from the December 7 purchase and 14 are from the Decem
LekaFEV [45]

Answer:

Closing inventory based on Specific IDENTIFICATION

7 Dec purchase ( 20-16) = 4 * $16 = $64

14 Dec purchase ( 35 -14) = 21*$24 = $504

21 Dec purchase            30*$29 = $870

                    closing inventory  31 Dec                                 <u>= $1438</u>

Explanation:

The question is incomplete but here is a complete one

Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 30 units for $40 each.

 

Purchases on December 7 20 units @ $16.00 cost  

Purchases on December 14 35 units @ $24.00 cost

Purchases on December 21 30 units @ $29.00 cost

Required:

Monson sells 30 units for $40 each on December 15. Of the units sold, 16 are from the December 7 purchase and 14 are from the December 14 purchase. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on specific identification.

5 0
3 years ago
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