Calculate the selling price for 4 hair clips at $20 each given a cash discount of 2%

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

777dan777 [17]

Answer:

Selling price= $10,632

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (307,200/48,000) + 2.8

Predetermined manufacturing overhead rate= $9.2 per direct labor hour

Job X941:

Total direct labor-hours 300

Direct materials $ 600

Direct labor cost $ 5,500

Now, we can determine the total cost of Job X941:

Total cost= 600 + 5,500 + 300*9.2

Total cost= $8,860

Finally, the selling price:

Selling price= 8,860*1.2

Selling price= $10,632

7 0

4 years ago

Inventory costing methods place primary reliance on assumptions about the flow of.

kvv77 [185]

Inventory costing methods rely heavily on assumptions about the flow of costs. The most widely used inventory valuation method is the FIFO method.

FIFO (First-In, First-Out), LIFO (Last-In, First-Out), Specific Identification, and Weighted Average Cost are the 4 major Inventory costing methods. If your inventory costs are steady or increasing, LIFO is the better option. Businesses with bigger inventories and rising costs appreciate how LIFO reduces profits and taxes while increasing cash flow. If your inventory costs are decreasing, FIFO is the better option.

Learn more on Inventory costing methods-

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#SPJ4

3 0

1 year ago

What is the duration of a two-year bond that pays an annual coupon of 10 percent and whose current yield to maturity is 11 perce

mojhsa [17]

Answer:

(a) 1.91 years

(b). $987.96

Explanation:

According to the scenario, computation of the given data are as follow:-

a).

Year Cash flow PVF 11% PVF 11% discount time P.V. cashflow×time

1 $100 0.901 $90.1 1 $90.1

2 $1,100 0.812 $893.2 2 $1,786.4

Total 983.3 $1,879.5

Bond price = $983.3

Bond duration = 1,879.5 ÷ 983.3 = 1.91 year

b).

1st year cash flow = $1,000 × 10÷100 = $100

2nd year cash flow = $1000 + $100 = $1,100

If interest rate are decreased by 0.3%

11% - 0.3% = 10.7%

PVF = cash flow ÷ (1+rate)

Year Cash flow($) divide PVF 10.7% PVF 11% discount ($)

1 100 ÷ 1.107(1+.107) 90.33

2 1,100 ÷ 1.225449(1+.107)^2 897.630

Total 987.96

Price of bond will be $987.96 at 10.7%.

7 0

3 years ago

One way to make it easier to track your progress toward success is A. offer stock to the public. B. improve your product. C. to

jok3333 [9.3K]

The correct option is D.
To progress in life and to achieve one's desires one has to set short and long term achievable goals which will drive one toward one's desires.
The goals should be very specific and it must has a time frame, it must be an achievable goal whose achievement will drive you towards achieving a greater one.

7 0

4 years ago

Read 2 more answers

The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,395,000, $139,000 in the common stock account,

TiliK225 [7]

= Cash flow from assets - change in net working capital + net capital spending

= - $ 247,500 - $ 124,000 + $ 950,000

= $ 578,500

6 0

3 years ago