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victus00 [196]
3 years ago
13

Arabica Manufacturing Company uses a predetermined manufacturing overhead rate based on a percentage of direct labor cost. At th

e beginning of 2012, they estimated total manufacturing overhead costs at $1,050,000, and they estimated total direct labor costs at $840,000. In June, 2012, Arabica completed job number 511. Job stats are as follows:
Direct materials cost $27,500
Direct labor cost$13,000
Direct labor hours400 hours
Units of product produced: 200 crates


How much was the total job cost?

A) $40,500
B) $56,750
C) $50,900
D) $74,875
Business
1 answer:
Natalija [7]3 years ago
8 0

Answer:

B) $56,750

Explanation:

Direct materials cost $27,500

Direct labor cost$13,000

As manufacturing overhead rate is  based on a percentage of direct labor cost so dividing the manufacturing overheads by direct labor costs we get =$1,050,000,/$840,000= 1.25

Multiplying this rate with the actual overheads we get 1.25* 13000 = $16250

The total job cost would be = Direct materials cost+Direct labor cost + budgeted Overheads =  $27,500 +$13,000+$16250= $56,750

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Answer:

$15,960

Explanation:

The total profit on units sold for the consignor:

= Sales Value - Cost of Goods Sold - Shipping Expenses - Commission - Advertising Expenses - Installation and setup costs

= (40 × $720) - (40 × $220) - [$1,850 × (40/50)] - ($28,800 × 5%) - $470 - $650

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= $15,960

5 0
3 years ago
Due to budget restrictions, a business school could afford to hire only one new faculty member for the next academic year. Howev
kakasveta [241]

The correct answer would be, Compromise.

After a lengthy discussion, it was decided that the budget would be hired for the next year. In this situation, Compromise strategy of conflict management is used.  

Explanation:

In simple words, Conflict Management is the management of Conflict between two parties, or between two issues. In this process, the negative aspects of the issue are lowered while positive aspects are being highlighted.

Compromise is that strategy of Conflict Management in which a settlement is made below the desired standards in order to resolve the conflict.

So when temporary faculty is hired in the school instead of the need of permanent faculty, due to the shortage of budget, Compromise Strategy of Conflict Management is being used.

Learn more about Conflict Management at:

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3 0
3 years ago
Channel members can help producers by identifying customer complaints, customer preferences, and new competitors in the market.
butalik [34]

Answer:

communication

Explanation:

communication function of channel intermediaries.

Channel intermediaries are responsible for making sure that the product is available at the appropriate quantities, at the right time and place for end user consumption. They also serve as a means of communication between the consumer and producer concerning such issues as product quality.

5 0
3 years ago
Which of the following are criteria for determining whether to record an asset as a fixed asset? a.must be short-lived and tangi
Brut [27]

Answer:

The correct answer is letter "D": must be long-lived and used by the company in its normal operations.

Explanation:

Fixed assets are tangible resources used by a corporation to produce profits. To qualify as a fixed asset, the item can not be consumed or sold in less than one year and be part of the daily operations of the business. Fixed assets are listed on the balance sheet of the company and are subject to depreciation.

Examples of fixed assets include <em>buildings, factories, leasehold improvements, computers, electronic hardware, furniture, automobiles, </em>and <em>construction equipment.</em>

5 0
3 years ago
Technician a says that wheel concentricity problems may simulate a tire that is out of balance. technician b says that tire conc
AlekseyPX
<span>In order to assess who is correct the exact nature of the tire needs to be seen in more detail. If the tire has been damaged by driving, a crash or some other method, than Technician B would be correct because the tire would need to repaired. However, if tires is moving funny as a result of a bump or some other impact to it, then it could be that the weights have become mis-aligned and then Technician A would be correct in that re-balancing solves the problem.</span>
7 0
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