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lbvjy [14]
3 years ago
15

RedEx Shipping determined the rate to apply overhead based on direct labor hours would be $5.40, and based on machine hours woul

d be $4.20. Job 664 used $26.00 of direct materials, 2.5 machine hours, and 4 hours of direct labor at a cost of $14 per hour. How much is the manufacturing cost of job 664 if RedEx Shipping applies overhead based on machine hours?
a. $92.50
b. $10.50
c. $21.60
d. $103.60
Business
1 answer:
Vlad [161]3 years ago
6 0

Answer:

Manufacturing cost= $92.5

Explanation:

Giving the following information:

Predetermined overhead rate= $4.2 per machine hour

Job 664:

2.5 machine hours

$26.00 of direct materials

4 hours of direct labor for $14 per hour.

<u>To allocate overhead, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 4.2*2.5= $10.5

<u>Now, the manufacturing cost:</u>

Manufacturing cost= 10.5 + 26 + 4*14

Manufacturing cost= $92.5

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Jordan issued 10-year, 11% bonds with a par value of $110,000. Interest is paid semiannually. The market rate on the issue date
liubo4ka [24]

Answer:

$110,000 on maturity

Interest of $6,050 semiannually

Explanation:

Jordan will pay $110,000 at maturity date with 20 payments of  $6050 as interest

11% bonds at par value = $110,000

Interest paid = Semiannually

Market rate = 10%

At maturity, the par value will be paid as the par value of Jordan issued bonds is 110,000, therefore, Jordan will pay 110,000 on the maturity date.

As the bonds are issued for 10 years with semiannual payments that will be like 20 payments of $6,050 (110,000 x 10% x 6/12)

3 0
4 years ago
which of the following financial statements report(s) the financial position of a business over a period of time? (check all tha
Tomtit [17]

The financial statement that report the financial position of a business over a period of time is the balance sheet.

<h3>What is a balance sheet?</h3>

At the end of each accounting period, a balance sheet—a financial statement—is produced. It computes the financial condition at a particular time by listing all the assets and liabilities. The difference between total assets and total liabilities is known as equity.

The balance sheet of a corporation, commonly referred to as the statement of financial position, provides information on the company's book value. The three sections of the balance sheet consist of the corporation's assets, liabilities, and shareholder's equity as of a specific date.

learn more about balance sheet on:

brainly.com/question/1113933

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which of the following financial statements report(s) the financial position of a business over a period of time? (check all that apply.)

Balance sheet

Profit and loss account

Asset

Debt

8 0
1 year ago
An example of a business which would have no beginning or ending inventory but which could use process costing to compute unit c
kodGreya [7K]

Answer:D

Explanation:

4 0
3 years ago
Sunburn Sunscreen has a zero coupon bond issue outstanding with a $11,000 face value that matures in one year. The current marke
7nadin3 [17]

Answer:

1. a) EQUITY = $ 5,036.68

b) DEBT = $ 10,263.32

2. a) EQUITY = $ 4,852.29

b) DEBT = $ 12,247.79

3. PROJECT A

4. Yes

Explanation:

Current market value of the firm’s assets = $13,800

Total Value of Firm = $13800 a-1 NPV of Project A = $1,500 Total Value of Firm if selects Project A = Current Value + NPV of the new Project = $13800 + $1500 = $15,300 Value of debt = $12000 Value of Equity= Value of Firm -Value of Debt = $15300 - $12000 = $3300 a-2 NPV of Project B = $2300 Total Value of firm if selects project B = Current Value + NPV of the new Project = $13800 + $2300 = $16100 Value of Debt = $12000 Value of Equity = Value of Firm -Value of Debt = $16100 - $12000 = $4,100

Therefore,

1. a) EQUITY = $ 5,036.68

b) DEBT = $ 10,263.32

2. a) EQUITY = $ 4,852.29

b) DEBT = $ 12,247.79

3. PROJECT A

4. Yes

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4 years ago
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What is the dilemma K to 12 graduates face when applying for a job?
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