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dimaraw [331]
2 years ago
6

Swifty Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each produc

t line, the controller, Robert Hermann, has developed the following information.
Car Truck
Estimated wheels produced 40,000 10,000
Direct labor hours per wheel 1 3
Total estimated overhead costs for the two product lines are $742,000.
Calculate overhead rate. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rate $ per direct labor hour.
Business
1 answer:
Katen [24]2 years ago
8 0

Answer:

$10.60 per direct labor hour

Explanation:

Calculation for the overhead rate

First step is to calculate the Direct labor hours for car wheels using this formula

Direct labor hours for car wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for car wheels= 40,000 * 1

Direct labor hours for car wheels= 40,000 hours

Second step is to calculate Direct labor hours for Truck wheels using this formula

Direct labor hours for Truck wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for Truck wheels= 10,000 * 3

Direct labor hours for Truck wheels= 30,000 hours

Third step is to calculate the Total direct labor hours

Total direct labor hours = 40,000 + 30,000

Total direct labor hours=70,000 hours

Now let calculate the Overhead rate using this formula

Overhead rate = Total estimated overhead costs / Total direct labor hours

Overhead rate= $742,000 / 70,000 hours

Overhead rate= $10.60 per direct labor hour

Therefore Overhead rate is $10.60 per direct labor hour

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Imagine that to preserve the traditional way of life in small fishing villages, a government decides to impose a price floor tha
cestrela7 [59]

Answer:

As a result of the price floor, price would increase. As a result, quantity demanded will decrease and the quantity supplied would increase.

Supply would exceed demand and as a result there would be an excess supply of fish.  

As an alternative to the price floor, the government can subsidise the cost of fishing. This would reduce the cost of producing fish

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

6 0
3 years ago
U.s lifestyle shifts have expanded which of the following careers
alexdok [17]
US lifestyle shifts have expanded the careers for "daycare providers", since many more women have joined the work force in the past two decades--meaning that they can't be at home with their children. 
6 0
2 years ago
WILL GIVE HIGHEST RATING!!!!
deff fn [24]

Id say its A, because entrepreneurs start a business to make a profit.

5 0
3 years ago
Assuming equivalent units of conversion costs is 7,000 units (note this is not the answer for the above question) at the end of
monitta

Answer:

$157 per equivalent unit

Explanation:

Note: <em>The full question is attached as picture below</em>

<em />

Conversion cost per equivalent unit = Conversion costs added during February / Equivalent units of conversion costs

Conversion cost per equivalent unit = $1,100,000 / 7000 units

Conversion cost per equivalent unit = $157.14286

Conversion cost per equivalent unit = $157 per equivalent unit

6 0
2 years ago
buying products produced in another country is known as multiple choice importing. trade protectionism. comparative advantage. e
lina2011 [118]

Buying products produced in another country is known as importing.

Exporting is selling products done in the country abroad.

Trade protectionism is a State's disposition that interferes with free trade in order to protect and encourage local production.  It consists of barriers to importation, like heavy duties or prohibition of importing certain products.

Comparative advantage is the specialization in the production of a certain good that has lower opportunity costs of production than competitors. For example, a country with plains and grasslands has a comparative advantage for specialization in agriculture.

As you can see, importing is the correct answer, because it consists of buying goods and services abroad for consumption in one's country.

Learn more in the link below:

brainly.com/question/4126723

#SPJ4

5 0
2 years ago
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