Please answer the question quickly

Ashton Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materi

Dimas [21]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

In December 2016, Ashton budgeted 2017 assembly-support costs to be $8,300,000 and 2017 direct labor-hours to be 166,000.

With this information, we can calculate the budgeted indirect cost rate. However, we can't calculate the actual indirect cost rate. I will provide the formula for both and a small example of the actual indirect cost rate.

To calculate the budgeted indirect cost rate, we need to use the following formula:

Budgeted indirect cost rate= total estimated indirect costs for the period/ total amount of allocation base

Budgeted indirect cost rate= 8,300,000/166,000= $50 per direct labor hour.

Let's suppose that actual indirect cost was of 8,000,000 and actual direct labor hours of 175,000:

Actual indirect cost rate= total actual indirect costs for the period/ total amount of allocation base

Actual indirect cost rate= 8,000,000/175,000= $45.71 per direct labor hour

7 0

3 years ago

Sanyo Corporation manufactures a popular model of business calculators in a suburb of Seoul, South Korea. The production process

Elden [556K]

Question a)

The sum of the Total assets plus total fixed assets results in total assets.

Question b)

The division of Net sales over total assets results in Asset Turnover

Question c)

The subtraction of the cost of good sold from net sales is equal to the gross margin

Question d)

The subtraction of Operating expenses from gross margin results in the Net Operating profits, before the taxes.

Question e)

The subtraction of Taxes from Net Profit before tax results in Net profit after taxes

Question f)

The division of Net profit after tax over the Net saves gives you the Net profit margin percentage.

Question g)

The division of Net profit Margin percent over the asset turnover results in a return on assets.

5 0

3 years ago

Place the steps in order to perform a quick sort.

Margaret [11]

What’s the quesitos asking? Like I know it’s a quick sort but like about what?

7 0

3 years ago

George Washburn had earnings from his salary of $34,000, interest on savings of $800, a contribution to a traditional individual

elena-s [515]

Answer:

$33,900 (none of the options given in the question are correct).

Explanation:

George's adjusted gross income (AGI) will include his personal earnings from his salary, the interest that he has earned from savings, and the dividends that he got from mutual funds, but it will not include his contribution to his individual retirement account, because individual retirement accounts are not included in AGI.

Therefore, George's AGI is equal to:

$34,000 + $800 + $600 - $1,500 = $33.900

4 0

3 years ago

Last year, Richmon Company produced 10,000 units and sold 6,000 units at a price of $20. Costs for the last year were as follows

Goshia [24]

Answer:

The correct answer is B: $46,400

Explanation:

The difference between absorption and variable costing is that the first one includes fixed manufacturing overhead in the manufacturing cost.

Giving the following information:

Absorption costing:

Direct materials= 30,000

Direct labor= 38,000

Variable factory overhead= 8,000

Fixed factory overhead= 40,000

Total= $116,000

Unitary cost= 116000/10000= $11.6

Ending finished inventory= 4000*11.6= $46,400

5 0

3 years ago