Answer: the total number of budgeted direct labor hours for the year. - 600 DLH
the single plantwide factory overhead rate- $100 per DLH
the factory overhead allocated per unit for each product using the single plantwide factory overhead rate. Speedboats $ per unit Bass boats $ per unit--- For Both Products $1,200
Explanation:
Answer:
“Should” or “should not” depend on the cost rate of the option and the risk appetite of investors.
Explanation:
An option is a contract that allows investors to buy or sell instruments such as security, Exchanged Traded Fund or an index at a pre-determined price over a certain period of time.
If the option will cost the investor an additional $10,000 and it is the cost for an option of $10 million investment, then it cost only 0.1% additionally, but it can secure the position of this investment; then the investor should buy this option.
Vice versa, if the additional $10,000 is much more than expected profit, and even lower but significantly drop down the total profit of an investment; and the investor always wish to have a high profit regardless high risk; then he shouldn’t buy this option.
Answer:
d. 234,000 lbs. of A; e. 39,000 lbs. of B
Explanation:
For computing the number of pounds first we have to find out the production units which is shown below:
Production units = Sales units + ending inventory units - beginning inventory units
= 76,000 units + 10,500 units - 8,500 units
= 78,000 units
Now number of material pounds required is
Direct material A B
One unit requires 3 lbs 1 ÷ 2 lbs
Multiply 78000 unit requires 234,000 39,000
We simply multiplied the production units with the required unit of each material i.e A and B so that the accurate number of pounds could arrive
Answer:
raw materials 197900
accounts payable 197900
WIP 161830
factory overhead 5270
raw materials 167100
WIP 85500
factory overhead 7600
wages payables 93100
factory overhead 53000
accounts payable 53000
factory overhead 17150
acc. Dep-equipment 17150
dep expense* 14800
acc. Dep- Off Building 14800
WIP** 70965
factory overhead 70965
Finished Goods*** 251747
WIP inventory 251747
Explanation:
* as the building is not related to the manufacturing process we cannot capitalized through inventory We will record as cost ofo the period therefore, depreciation expense
** the aplied overhead will be the amount of direct labor added during the period time 83%
85,500 x 83% = 85,500 * 0.83 = 70,965
*** we will have to add up the jobs cost to detemrinate how much of the work in process inventory becomes finished good
Job Materials // Labor // Overhead
A20 $ 37,740 $ 19,200 + 19,200 x 0.83
A21 $ 44,320 $ 23,600 + 23,600 x 0.83
A23 $ 41,770 $ 27,100 + 27,100 x 0.83
Total 251,747
<span>If Part i51 is used in
one of pries corporation's products and the company makes 18,000 units of this
part each year, then the company's accounting department reports the following
costs of producing the part at this level of activity that an outside supplier
created an offer to produce and create a selling process to the company.</span>
