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
Lubov Fominskaja [6]
2 years ago
5

Jones Company allocates manufacturing overhead based on machine hours. Each chair produced should require 3 machine hours. Accor

ding to the static budget, the following is expected to incur: 1,200 machine hours per month (400 chairs x 3 hours per chair) $6,000 in variable manufacturing overhead costs $8,400 in fixed manufacturing overhead costs During January, Jones Company actually used 1,100 machine hours to make 410 chairs. The company spent $5,800 in variable manufacturing overhead costs and $8,100 in fixed manufacturing overhead costs. What is the fixed manufacturing overhead allocation rate (to the nearest cent)
Business
1 answer:
mars1129 [50]2 years ago
6 0

Answer:

the fixed manufacturing overhead allocation rate is $7 per hour

Explanation:

The computation of the fixed manufacturing overhead allocation rate is shown below;

Fixed manufacturing overhead allocation rate is

= Budgeted Fixed overhead  ÷ Budgeted allocation base

= $8,400 ÷ 1,200 budgeted machine hours

= $7.00 per hour

Hence, the fixed manufacturing overhead allocation rate is $7 per hour

You might be interested in
Which crop saved jamestown by making money for the settlement’s investors?
Rasek [7]

Answer:

Tobacco

Explanation:

No explanation needed.

3 0
2 years ago
Suppose all banks are subject to a uniform reserve requirement of 20 percent and that the union bank has no excess reserves. if
ahrayia [7]
The answer is 40,000
3 0
3 years ago
Entry for Issuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 201 A
Svetradugi [14.3K]

Answer:

The journal entry is as follows:

Work in process A/c                 Dr. $158,700

Manufacturing overhead A/c   Dr. $2,250

To Raw material inventory                               $160,950      

(To record the issuance of materials)

Workings:

  • Work in process is debited with direct material:

        =  88,700 + 27,600 + 3,650 + 38,750

        = $158,700

  • Manufacturing overhead debited with indirect material cost = $2,250

5 0
3 years ago
Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. T
Dmitry_Shevchenko [17]

Answer:

Explanation:

A common sized income statement is a method of financial statement that express every line item on a financial statement as a percentage of sale for the ease of financial analysis

                             Tannenhill's              %        Industry average

Revenue               2,480,000             100                  100%

Cost of Goods      1,587,200                64                    70

Gross profit           892,800                  36                  30

Selling expenses    545600                 22                    17

Admin expenses     198400                  8                       7

Total ope. Expe.       744000                30                    24

Ope. Income             148600                 6                      6

Other Revenue          49600                  2                      2

                                   198400                 8                      8

Other Expenses         24800                  1                        1

PBIT                             173600                7                       7

Income Tax                  74400                 3                       5

Net Income                  99200                4                       2

7 0
2 years ago
The process of writing SMART goals is carried out at which stage of the personal financial management pyramid?
gogolik [260]
It is carried out on every stage

Yw.
5 0
3 years ago
Other questions:
  • XYZ Inc. has the following net income before any application of any net operating losses: 2016 $9,000 Net income 2017 $12,000 Ne
    11·1 answer
  • Duverger’s Law states that a) proportional representation systems result in two-party systems. b) one-party systems are the resu
    8·1 answer
  • Esquire Comic Book Company had income before tax of $1,700,000 in 2016 before considering the following material items: 1. Esqui
    12·1 answer
  • Most people report higher levels of personal satisfaction by giving of their time rather than giving money to a charity
    15·1 answer
  • Qualities like hope or friendly service are examples of which of the following?
    8·2 answers
  • Statement of Cost of Goods Manufactured for a Manufacturing Company
    9·1 answer
  • Which of the following would be categorized as an opportunity cost?
    6·1 answer
  • An example of capital is?
    15·1 answer
  • Corporation is considering a capital budgeting project that would require an initial investment of $350,000. The investment woul
    14·1 answer
  • Doing something without being told; willingness to get things done and taking responsibility; taking action when necessary is ca
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!