Answer:
Yosko Company
Sales Budget
Two month ended January 31 and February 28
January February
Budgeted luggage sets to be sold 2,050 2,400
Sales price per set $280 $280
Total sales $574,000 $672,000
Answer:
324,000 Applied Overhead Regular Widget
Explanation:
<u>Remember:</u> the overhead rate is calculated by distributing the overhead cost with a cost driver
675,000/300,000 = 2.25
deluxe 3 labor hours x 2.25 = 6.75 per unit
regular 2 labor hours x 2.25 = 4.50 per unit
Allocate Ovehead Regular widget
72,000 x 4.50 per unit = 324,000 Applied Overhead Regular Widget
Answer:
a. 65 in 1972 and 156 today
Explanation:
The relationship between CPI should be the same as the prices:
price today / price 1972 = CPI today / CPI 1972
6 / 2.50 = 2.4
Now we divide the given CPI and look for the correct answer:
<em>a) 156/65 = 2.4</em>
b) 145.8 / 90 = 1.62
c) 160/75 = 2.1333333
d) 150/60 = 2.5
the first option matches the relationship between prices thus, is the correct one.
