Answer:
$3,550
Explanation:
Supplies used = Opening supplies + Purchases of Supplies - Ending Supplies
therefore,
Supplies used = $1,250 + $4,000 - $1,700
= $3,550
thus,
The cost of supplies used during the month is $3,550.
Answer:
<em>We must drive 8,553 miles to pay off the extra cost of the diesel engine</em>
Explanation:
Let's use simple logic and put the numbers in it to solve this problem. Each gallon of diesel fuel gives us 32 miles and each gallon of gasoline gives us 23 miles. On the other side, each gallon of diesel costs $3.54. That means to get 32 miles we have to spend $3.54, thus each mile costs $3.54/32=$0.11 when using diesel.
Each gallon of gasoline costs $3.69, it means each mile costs $3.69/23=$0.16 when using gasoline. The difference
$0.16-$0.11=$0.05 are the savings per mile when using diesel instead of gasoline. Since the diesel engine is $427.65 more expensive than the gasoline engine, we must drive $427,65/0.05=8,553 miles to pay off the extra cost of the diesel engine.
Answer:
$4,850 under allocated
Explanation:
Giving the following information:
Manufacturing overhead is allocated at 130% of direct labor cost.
The actual manufacturing overhead costs incurred in June amounted to $41,300.
Job No. 265:
Direct labor= $35,500
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base= 1.3*35500= $46,150
Over/under allocation= real MOH - allocated MOH= 46150 - 41300= $4,850 under allocated
So you know if the vehicle is drivable or not and also so you know what you are getting into when you inspect the car or truck
Answer:
$56,000
Explanation:
The computation of the warranty expense for the month of November is shown below:
Warranty expense = Number of printers × Estimated percentage of defectives parts × Average cost per printer
= 20,000 printers × 2% × $140
= 400 × 1460
= $56,000
We simply multiplied the number of printers with the estimated percentage and the average printer cost so that the warranty expense could come
