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
sweet-ann [11.9K]
3 years ago
6

Cull Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The

company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $458,800, variable manufacturing overhead of $3.00 per machine-hour, and 74,000 machine-hours. The company has provided the following data concerning Job X455 which was recently completed.
Number of units in the job 10
Total machine-hours 80
Direct materials $810
Direct labor cost $1,620
If the company marks up its unit product costs by 20% then the selling price for a unit in Job X455 is closest to:______.
a. $379.92.
b. $63.32.
c. $316.60.
d. $399.92.
Business
1 answer:
V125BC [204]3 years ago
8 0

Answer:

a. $379.92

Explanation:

As per the data given in the question,

Direct material per unit = $810 ÷ 10

= $81

Direct labor per unit = $1,620 ÷ 10

= $162

Variable O/H per unit = $3.00 × 80 ÷ 10

= $24

Fixed MFG operating hours per unit = $458,800 ÷ 74,000×8

= $49.6

Total cost = $316.6

Mark up = 316.6×20%

= $63.32

Selling price = $316.6 + $63.32

= $379.92

Hence, option (a) $379.92 is correct answer

First we have to compute the total cost and then added the markup so that the selling price could come

You might be interested in
Malcolm Industries recently hired a large number of workers for the company's new construction factory in Colorado. During the h
Arturiano [62]

The complete question should have been:

Malcolm Industries recently hired a large number of workers for the company's new construction factory in Colorado. During the hiring process, the management made a clear effort to recruit physically strong individuals because the work at the factory involves manual labor. The jobs need to be performed by individuals who have the energy and physical stamina to work for long hours. Which of the following surface-level characteristics did the company most likely concentrate on when selecting the new workers?

A.) Age

B.) Values

C.) Beliefs

D.) Religion

E.) Personality

Answer: Age.

Explanation:

Malcolm Industries made use of Age as the Surface Level Characteristic that determined who would be employed. A surface level characteristics can be defined as differences that individuals possesses that easily be identified when they are seen.

8 0
3 years ago
If assets equal $95,000 and liabilities equal $40,000, then owners’equity equals _____.
Fudgin [204]
45 000 долл, это равенство владельцев.
5 0
3 years ago
Effective reading involves what four steps? Select one: a. Preparing, reading, capturing key ideas, and reviewing. b. Preparing,
lidiya [134]

Answer:

Preparing, reading, capturing key ideas, and reviewing.

Explanation:

8 0
3 years ago
Suppose the government enacts a stimulus program composed of $400 billion of new government spending and $200 billion of tax cut
LUCKY_DIMON [66]

Answer:

thank you for points I will return them to you in 2 days

5 0
3 years ago
On August 2, Jun Co. receives a $8,000, 90-day, 11.0% note from customer Ryan Albany as payment on his $8,000 account receivable
GarryVolchara [31]

Answer:

August 2    Notes Receivable                   8000 Dr

                           Accounts Receivable- Ryan         8000 Cr

October 30  Interest receivable                  220 Dr

                          Interest Revenue                          220 Cr

October 31   Cash                                        8220 Dr

                            Notes Receivable                    8000 Cr

                            Interest Receivable                   220 Cr

Explanation:

When we receive the Note against the Accounts Receivable, we will credit the Accounts Receivable to close the account of Ryan and create a new current asset account of Notes Receivable on August 2.

On October 30, 90 days period of Note is complete so we will record the interest that is receivable for us on this note.

  • Interest Receivable = 8000 * 11% * 90/360  = $220

We record this as Interest Receivable as we have not received this and credit Interest revenue as it is our income.

On 31 October, when we receive cash it will be total of Notes payable and Interest so we will debit cash by 8220 and credit the Notes payable and interest receivable.

8 0
3 years ago
Other questions:
  • The Baldwin company wants to decrease its plant utilization for Bold by 15%. How many units would need to be produced next year
    10·1 answer
  • What would casualty insurance policy cover?
    15·2 answers
  • A lease for a period of more than one year must be in writing to comply with the __________ . (a) leasehold estate (b) statute o
    5·1 answer
  • Wesley owns and operates the cheshire chicken ranch in turpid, nevada. the income from this ranch is $49,000. wesley wishes to u
    14·1 answer
  • How do i know what business i am suited for
    9·1 answer
  • Raugust-Mathwig, Inc., a corporation, was the sole general partner of a limited partnership. Calvin Raugust was the major shareh
    10·1 answer
  • List the four stages of ability development. Provide an example of a person developing a specific ability. What would each stage
    12·1 answer
  • When a business doesn't have control of all the environmental forces, it is called ________ design. For example, Acme Medical re
    13·1 answer
  • Carver Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regardi
    5·1 answer
  • Kline Construction is an all-equity firm that has projected perpetual earnings before interest and taxes of $628,000. The curren
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!