Answer:
$348,000
Explanation:
Opportunity cost = Market value of land + Market value of the equipment
= $209,500 + $139,000
= $348,000
Therefore, the opportunity cost to be incurred in the initial cost is $348,000. Note: $7,500 is idea for this project, so it is not an opportunity cost
Answer:
$44,268
Explanation:
Calculation for What is the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-hours
First step is to calculate the Plant-wide Overhead Rate using this formula
Plant-wide Overhead Rate = Total Overhead / Total Direct Labor Hours
Let plug in the formula
Plant-wide Overhead Rate = $632,400 / 4,800 hours
Plant-wide Overhead Rate = $131.75
Now let calculate the total manufacturing overhead for the current product order
Using this formula
Current product order Total Manufacturing Overhead = Plant-wide Overhead Rate * Direct Labor Hours
Let plug in the formula
Current product order Total Manufacturing overhead= $131.75 *336 hours
Current product order Total Manufacturing overhead= $44,268
Therefore the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-hours will be $44,268
Answer:
The answer is: $100,000
Explanation:
Under LIFO (last in, first out) costing method, we use the oldest costs are used to determine the ending inventory:
We were given the following data:
- Jan. 1: 8,000 purchased at $11 per unit
- June 19: 13,000 purchased at $12 per unit
- Nov. 8: 5,000 purchased at $13 per unit
If the ending inventory had 9,000 units, then its total cost is:
Ending inventory = (8,000 units x $11 per unit) + (1,000 units x $12 per unit)
Ending inventory = $88,000 + $12,000 = $100,000
Keys to preventing a fall from a ladder include:
- choosing the right ladder for the job
- tying the top and bottom of the ladder to fixed points.
- <u>keeping your hands free of carrying tools or other materials when climbing a ladder
</u>
<h2 /><h2>Further Explanation
</h2>
Ladder is a useful tool specifically in the construction industry. However when it is used incorrectly it can cause injuries and even death. According to OSHA falls from ladders are one of the major causes of occupational injuries and death. The good news is falls can be prevented by planning, providing the right equipment and by training the workers of proper set up and safe use of equipment.
Safety while climbing
One of the goal of the training given for workers for proper set up and safe use of equipment is ensuring the safety of the worker while climbing. The following are some of the safety measures in climbing a ladder:
- The three-point rule: When climbing a ladder, always maintain three points of contact when ascending and descending a ladder (two feet, one hand or two hands, one foot)
- The OSHA standard does not include portable ladders in the six-foot tie-off requirements, but that has not stopped a lot of companies from including it in their best practices. In fact, some companies require tying off when as low as four feet off the ground.
- Never climb a ladder while carrying tools or equipment. Use a rope to raise and lower tools after you have climbed to the desired height.
- Lashing: If one ladder is good, then two is not better. Lashing is when two ladders are tied together to reach greater heights. Never do this.
- Belt buckle rule: Never overextend. Workers always should keep the center of their bodies (belt buckle) between the side rails of the ladder. If they can't safely reach something, they need to climb down, move the ladder and climb back up.
- Face the ladder: Always climb facing the ladder, wear proper foot wear and make sure all spreader bars and latches are fully locked.
<h2>
Learn more: </h2>
- Safety Data Sheet (SDSs) and Labels brainly.com/question/5400978
- Needlestick Safety and Prevention Act brainly.com/question/8348153
- Ergonomic hazards brainly.com/question/1027618
<h2>
</h2>
Keywords: ladder, OSHA, safety, occupational safety
Answer:
$66,800
Explanation:
The computation of the amount of production cost assigned to product A but before that first we have to calculate the overhead rate which is shown below:
Overhead rate = Overhead Cost ÷ Total Labor Cost
= $60,000 ÷ ($30,000 + $16,000)
= $1.30
Now
Overhead Cost assigned to product A is
= $1.30 × $16,000
= $20,800
So, the Production costs assigned to product A is
= Direct Materials cost + Direct Labor cost + Overhead Cost
= $30,000 + $16,000 + $20,800
= $66,800
