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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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Answer:

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Explanation:

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In this case, the coverage provided by newspapers and television is not advertisement, it is part of a public relations efforts designed to make the public aware of the channel's environmental approach.

5 0
2 years ago
On May 30, 2018, Jane purchased a factory building to use for her business. In August 2019, Jane paid $300,000 for improvements
PilotLPTM [1.2K]

Answer:

$2,889

Explanation:

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3 0
3 years ago
Explain in your own words why in the short run a firm may continue to produce even at a loss provided the price is more than the
GenaCL600 [577]

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Explanation:

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8 0
2 years ago
What is the difference between a point inside and a point on a PPC?
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Answer:

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Explanation:

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