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
bulgar [2K]
3 years ago
6

Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou

rs. The company based its predetermined overhead rate for the current year on 48,000 direct labor-hours, total fixed manufacturing overhead cost of $307,200, and a variable manufacturing overhead rate of $2.80 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data:
Total direct labor-hours 300
Direct materials $600
Direct labor cost $6,400

Required:
Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%.
Business
1 answer:
BlackZzzverrR [31]3 years ago
4 0

Answer:

$234.24 per unit

Explanation:

The computation of the selling price for Job X941 is shown below:

But before that following calculations need to be determined

The Predetermined overhead rate is

= Variable overhead per DLH + Fixed overhead per DLH

= $2.80 + ($307,200 ÷ 48,000)

= $9.2 per DLH

Now the Total cost of Job X941 is

= Direct materials + Direct labor + Overhead applied

= $600 + $6,400 + (300 × $10)

= $9,760

 And, finally

The Selling price per unit of Job X941 is

= Unit product costs × 120%

= ($9,760 ÷ 50) × 120%

= $234.24 per unit

You might be interested in
The following transactions occurred during March 2016 for the Wainwright Corporation. The company owns and operates a wholesale
Triss [41]

Answer:

1. Financing Activity : $300,000

2.Investing Activity : $10,000 and Non-cash Financing and Investing Activity : $30,000

3.Operating Activity : - $90,000

4.Operating Activity :   $50,000

5.Operating Activity :  -$5,000

6.Operating Activity :  -$6,000

7.Operating Activity :  -$70,000

8.Operating Activity :   $55,000

9.Operating Activity :   $1,000

Explanation:

Operating Activities involves the entity`s trading operation in ordinary course of business.

Investing Activities involves the entity`s sale or purchase of Investments.

Financing Activities involves the entity`s acquisition and sale of funds.  

6 0
3 years ago
________ is a competitive strategy for creating brand loyalty by developing new and unique products and services that are not ea
boyakko [2]

Answer: PRODUCT DIFFERENTIATION

Explanation:

This is a marketing strategy that some companies employ whereby they aim to distinguish their products from that of competitors by giving it certain features that expound on its strength in the market.

This strategy can create a competitive advantage for goods that will ensure that the company maintains a dominant place in the market.

7 0
3 years ago
All economic questions and problems arise from ____.
Fiesta28 [93]
All economic questions and problems arise from <span>C. scarcity. scarcity is defined as the lack of resources and is the opposite of abundance. If scarcity such as famine is experienced by a country or nation, there arise questions why such state happened</span>
3 0
3 years ago
Read 2 more answers
Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2021: Operating income
stepan [7]

Answer:

$63,750 and $80,500, respectively.

Explanation:

Operating income : 255,000 x 0.25   =  63,750

Discontinued:   67,000 x   0.25 =    16,750

The Operation Income will be disclosure the pre-tax incoem tax expense adn after-tax result

While, the discontinued operation will be disclosure after-tax therefore it will not be stated in the income statement their amount of income tax

However, the company will have to pay those taxes the total income tax will be the sum of both.

7 0
3 years ago
Monetarists reject using discretionary monetary policy as an effective stabilization tool because they believe:_____.
WINSTONCH [101]

Monetarists reject using discretionary monetary policy as an effective stabilization tool because they believe the Fed will miss its money supply targets and make the economy worse.

Monetary policy is the macroeconomic policy set by the central bank. It involves the management of the money supply and interest rates, and is the demand-side economic policy adopted by national governments to achieve macroeconomic goals such as inflation, consumption, growth and liquidity.

Monetary policy is the action and communication of the central bank that controls the money supply. Central banks use monetary policy to prevent inflation, reduce unemployment, and promote moderate long-term interest rates.

Monetary policy refers to the measures taken by a country's central bank to control the money supply in order to stabilize the economy.

Learn more about monetary policy here:brainly.com/question/13926715
#SPJ4

3 0
1 year ago
Other questions:
  • Teagan Company uses Departmental Overhead allocation to allocate its manufacturing overhead costs. It has identified two​ depart
    5·1 answer
  • The going concern assumption of GAAP implies that the firm: __________
    11·1 answer
  • What are the two main outcomes of a debt-for-nature swap?
    15·1 answer
  • Which of the following is a correct statement regarding the nature and timing of communications between an accounting firm perfo
    14·1 answer
  • Luxury Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States includin
    15·1 answer
  • Assume bonds payable are amortized using the straight-line amortization method unless stated otherwise.
    6·1 answer
  • A work-at-home opportunity is available in which you will receive 2 percent of the sales for customers you refer to the company.
    15·1 answer
  • [The following information applies to the questions displayed below.]
    9·1 answer
  • When the price of Nike tennis shoes goes from $100 to $80, the quantity demanded increases from 20 to 30 million. Over this pric
    6·1 answer
  • g Shanken Corp. issued a 30-year, 6.2 percent semiannual bond 7 years ago. The bond currently sells for 108 percent of its face
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!