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Shtirlitz [24]
3 years ago
9

Longview Manufacturing Company manufactures two products (I and II). The overhead costs ($60,500) have been divided into three c

ost pools that use the following activity drivers:
Number of Labor
Product Number of Orders Transactions Labor Hours
I 15 50 500
II 10 150 2,000
Cost per pool $12,500 $8,000 $40,000
If the number of labor hours is used to assign labor costs from the cost pool, determine the amount of overhead cost to be assigned to Product I.
a. $8,000.
b. $58,000.
c. $9,600.
d. $32,000.
Business
1 answer:
Mila [183]3 years ago
7 0

Answer:

a. $8,000.

Explanation:

The computation of the amount of overhead cost assigned to the product I is shown below:

= $40,000 ÷ 2,500 × $500

= $8,000

Hence, the amount of overhead cost assigned to the product I is $8,000

Therefore the correct option is a.

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John worked 40 hours this week. His rate of pay is $12.50 per hour. What is his gross pay? $425 $500 $475 $505
Leni [432]

Answer: $500

Explanation: 12.50 * 40 = 500

5 0
3 years ago
Read 2 more answers
The futures price of gold is $1,000. Futures contracts are for 100 ounces of gold, and the margin requirement is $3,000 a contra
Dmitry [639]

Answer:

a. The initial remittance is the same as the initial margin requirement of $3,000.

b. The profit is;

= 100 ounces * ( 1,005 - 1,000)

= $500

Return is;

= Profit/ Margin

= 500/3,000

= 16.67%

c. The loss is;

= 100 * ( 1,000 - 998)

= -$200

d. If the futures price declines to $984, what must the speculator do?

Depends on if the maintenance requirement is still below the balance.

= 3,000 - 100 * (1,000 - 984)

= $1,400

This is below the maintenance margin of $1,500 and so the speculator will have to deposit an amount that will take it back to the original margin requirement.

= 3,000 - 1,400

= $1,600

Speculator should deposit $1,600.

e. = 3,000 - 100 (1,000 - 982)

= $1,200

8 0
3 years ago
A bond had a price of $1,946.61 at the beginning of the year and a price of $1,982.79 at the end of the year. The bond's par val
julsineya [31]

Answer:

The percentage return on the bond is 8.02%

Explanation:

The return on the bond comprises of the increase or decrease in bond's price plus the coupon earned by investors on the bond in the year.

The difference in market price is considered that is the amount could be sold for in the market price at that point in time.

The return on the bond is computed thus:

closing price minus opening price ($1,982.79-$1,946.61)=$36.18

plus coupon received($2000*6%)                                    =$120

total return                                                                             $156.18

% return =total return/opening price

               =$156.18/$1946.61

                =8.02%

4 0
4 years ago
Read 2 more answers
What is an accurate definition of experience?
sasho [114]

Answer: A)the collection of things a person has done

Explanation: just answered it EDGE 2021

7 0
3 years ago
Read 2 more answers
According to the model of mass-mediated communication, which of the following statements is not true?
Maslowich

Answer:

The correct answer is D. All of these.

Explanation:

Mass media are the media received simultaneously by a large audience. Mass communication is the name that receives the interaction between a single broadcaster (or communicator) and a massive receiver (or audience), a large group of people who simultaneously meet three conditions: being large, being heterogeneous and being anonymous. The mass media are only instruments of mass communication and not the communicative act itself.

3 0
3 years ago
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