1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mart [117]
3 years ago
11

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The

company based its predetermined overhead rate for the current year on the following data: Total machine-hours 31,800 Total fixed manufacturing overhead cost $159,000 Variable manufacturing overhead per machine-hour $2 Recently, Job T687 was completed with the following characteristics:
Total machine-hours 32,000
Total fixed manufacturing overhead cost $352,000
Variable manufacturing overhead per machine-hour $3.00

Recently, Job T687 was completed with the following characteristics:

Number of units in the job 10
Total machine-hours 30
Direct materials $660
Direct labor cost $1,320

If the company marks up its unit product costs by 40% then the selling price for a unit in Job T687 is closest to:_________

a. $283.50
b. $103.40
c. $361.90
d. $546.00
Business
1 answer:
nirvana33 [79]3 years ago
7 0

Answer:

See below

Explanation:

We will first determine the overhead rate

= cost of manufacturing overhead / cost driver

We will distribute the cost driver which is machine hours

$159,000/32,000 = $4.97

$4.97 fixed + $3 = $8 predetermined overhead rate

We will now apply this to job machine hours

Job machine hours 30

Overhead: machine hours x

Predetermined rate = 30 × 8 = $240

Total cost $1,320 + $660 direct material + $240 overhead = $2,220

Then,

Unit cost = Total cost/ unit

= $2,220/10

= $222

Selling price

= cost + 40% cost

= $222 + $88.8

= $283.50

You might be interested in
Land is purchased for $256,000. Additional costs include a $15,300 fee to a broker, a survey fee of $2,400, $1,750 to construct
KonstantinChe [14]

Answer:

The answer is $282,200

Explanation:

The cost of an asset includes the purchase price (cost of acquisition) and the cost neccessary to bring it usage.

For example, for cost of acquiring a machinery, the purchase price minus any trade discount plus cost of transportation, plus any tax paid on acquisition plus cost of installation etc.

But for the acquisition of land, all the cost except the cost of fence of the land will be considered.

So we have:

Purchase price. $256,000

Broker's fee. $15,300

Survey fee. $2,400

Legal fee $8,500

Cost of the land. $282,200

7 0
4 years ago
Which of the following is likely to INCREASE your monthly payment? Taking advantage of any special offers the dealership is prom
Elden [556K]

Answer:

b

Explanation:

4 0
4 years ago
You are analyzing the cost of capital for a firm that is financed with 65 percent equity and 35 percent debt. The cost of debt c
ExtremeBDS [4]

Answer:

c. 15.8%

Explanation:

The cost of equity is the WACC (weighted average cost of equity)

WACC formula = wE*rE + wD*rD(1-tax) , whereby

wE = weight of equity = 65%

rE = cost of equity = 20%

wD = weight of debt=35%

rD(1-tax ) = after tax cost of debt =8%

WACC = (0.65 *0.20) + (0.35*0.08)

= 0.13 + 0.028

= 0.158 or 15.8%

Therefore, the overall cost of capital is 15.8%

8 0
3 years ago
A barrier to entry is defined as any factor that makes it difficult for a new firm to enter a market.
Akimi4 [234]
A barrier to entry is defined as any factor that makes it difficult for a new firm center to enter a market is true :)
6 0
3 years ago
Which example below best describes a longitudinal design in a descriptive research project? A. A panel that consists of househol
adoni [48]

Answer:

A. A panel that consists of households that provide purchasing information at specified intervals over an extended period

Explanation:

Longitudinal design in research is a method that involves repeated examination of the same variables over a short or long term to see if there is any changes that occur.

A fixed sample is measured repeatedly to gain information.

A panel that consists of households that provide purchasing information at specified intervals over an extended period, is an example of longitudinal design.

The fixed sample is the panel of households, and they repeatedly provide purchasing information.

So the same sample is measured continuously over a period of time

4 0
3 years ago
Other questions:
  • The sales of a brand of sneakers rose from $3 million to $3.6 million. find the percent of increase to the ne
    15·1 answer
  • Marigold Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. Bu
    9·1 answer
  • About half of logisticians work in what industries or fields?
    14·1 answer
  • Lots of points!!!! The table summarizes the education of four applicants for positions in the STEM career cluster.
    9·1 answer
  • Written Inc. has outstanding 600,000 shares of $2 par common stock and 120,000 shares of no-par 6% preferred stock with a stated
    7·1 answer
  • Saul and Pepper have been friends since kindergarten. Both Saul and Pepper have good part-time jobs. Pepper deposits a portion o
    13·1 answer
  • Which spreadsheet type will determine how well a business has done over the past year?
    11·1 answer
  • Fire Chief McGuire could see the problem from a mile away. Flames were leaping out of the old barn, blown by a west wind. Arrivi
    12·1 answer
  • Difference between owners funds and borrowed funds​
    6·1 answer
  • What is sub-optimization and what organizational characteristics tend to lead to larger sub-optimization problems?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!