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RideAnS [48]
3 years ago
15

Burton Company uses a normal costing system. The company uses direct labor-hours as the cost-allocation base. The following info

rmation is available for the company: Budgeted manufacturing overhead costs $2,000 Budgeted labor hours 800 Actual manufacturing overhead costs $1,500 Actual labor hours 500 Calculate the allocated direct manufacturing overhead costs of Job 56 if 10 direct-labor hours were used for the job.
Business
1 answer:
densk [106]3 years ago
3 0

Answer:

the allocated direct manufacturing overhead costs of Job 56 is $25

Explanation:

Overheads in manufacturing process are allocated to jobs or products using cost drivers or surrogates.

<em><u>First Step : Determine the Pre-determined Overhead rate</u></em>

Pre-determined Overhead rate = Budgeted Overheads / Budgeted Activity

                                                    = $2,000 / 800

                                                    = $ 2.50 per labor hour

<em><u>Step 2 : Determined the Amount of Overhead allocated to Job 56 based on labor hours utilised</u></em>

Overhead for Job 56 = Pre-determined Overhead rate × Hours Used

                                     = $ 2.50 × 10

                                     = $25

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Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard). RP also experien
Rudik [331]

Answer:

Gross profit= 131,500

Explanation:

Giving the following information:

Last quarter, RP Enterprises earned $220,000 in sales revenue and had $90,000 cost of goods sold (at standard). RP also experienced these variances: Materials price: $2,400 F Materials quantity: $1,400 U Labor price: $2,000 U Labor quantity: $1,000 F Overhead: $1,500 F

To calculate the cost of goods sold, we use actaul costs and quantity of direct labor and direct materials. Therefore, the only estimated cost is overhead.

Gross profit= 220,000 - 90,000 + 1,500= 131,500

4 0
3 years ago
The statement, "You are more likely to control risks when they are identified earlier rather than later" is associated with what
yawa3891 [41]

Answer:

Risk Control

Explanation:

The statement, "You are more likely to control risks when they are identified earlier rather than later" is associated with the Risk Control Management principle.

Risk control is more effective when risk identification is undertaken early enough so that control measures are put in place to mitigate such risks, otherwise there will be a shift from 'risk control' to 'damage control' once any of those risks materializes.

7 0
3 years ago
Which examples demonstrate common Therapeutic Services workplaces and employers? Check all that apply. Reiko owns and operates h
AleksAgata [21]

Any career in the therapeutic services pathway is someone that is working hands on with a patient and is working to improve the overall health status of the patient.

<h3>Therapeutic Services workplaces </h3>

Correct options are A, C and F

"Reiko owns and operates her own private chiropractic practice, Harmony assists with surgeries in a nonprofit community hospital and Ian helps patients with basic tasks in their own homes" are the examples of demonstrate common Therapeutic Services workplaces and employers.

Careers in Therapeutic Services are focused on improving the health of patients over time through direct care, treatment, counseling or health education. Many of these careers require certification or additional education.

Learn more about workplaces, refer to the link:

brainly.com/question/24780768

6 0
2 years ago
Suppose that the average growth rate of the economy has been 3​%. Given a forecast of 2​% growth this​ year, if rational expecta
Rudik [331]

Answer and Explanation:

Forecast error is a difference between Estimated data and real data, here Estimated data is referred to as forecast data.

According to rational expectations principles, expected forecast error's average always near to be zero.

Expected forecast error may be forecast or predict in future.

So, Expected forecast error will be zero (0%)

4 0
3 years ago
Keystone predators can maintain species diversity in a community if they
Vikki [24]

Answer:

The options are given below:

A) competitively exclude other predators.

B) prey on the community's dominant species.

C) allow immigration of other predators.

D) reduce the number of disruptions in the community.

E) prey only on the least abundant species in the community.

the correct option is B

Explanation:

Keystone species refers to a predator which prevents a particular herbivorous species from wiping out the dominant plant species. If the number of prey are low, the keystone predators can be less abundant and still be effective. Keystone species have a disproportionately large effect on its environment relative to its abundance.

Therefore, by preying on a community's dominant species, keystone predators help to maintain the species diversity in the community, because they ensure that the dominant predators do not totally wipe out the various organisms present in the ecosystem.

4 0
3 years ago
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