Quality control is a system maintaining standards in manufacturing products by testing a sample of the output against the specification.
Quality control is used to meet or exceed customer requirements and is vital in the manufacturing part of businesses.
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Answer:
Estimated manufacturing overhead rate= $15 per direct labor hour
Explanation:
Giving the following information:
Overhead is allocated to each job based on the number of direct labor hours spent on that job.
The estimated overhead= $61,500.
Estimated direct labor hours= 4,100
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 61,500/4,100= $15 per direct tlabor hour
hey there!:
1)
a) Amount of credit the company would receive against the FUTA tax for its SUTA contributions = 2896.21
(56900*3.1%*90%)+(56900*(5.4%-3.1%)) = 2896.21
b) Amount that Peroni Company would pay to the federal government for its FUTA tax = 517.79
(56900*6%)-2896.21 = 517.79
c) Amount that the company lost because of its late payments = 176.39
=517.79-(3414-1763.9-1308.7) = 176.39
Hope that helps!
Answer:
$140,000 and $195,000
Explanation:
The computations are shown below:
Accounting cost would be
= Jill salary + material and other labor costs + Insurance and mortgage payment
= $40,000 + $80,000 + $20,000
= $140,000
The economic cost would be
= Accounting cost + investment left + loss in salary + loss in rent
= $140,000 + $5,000 + $30,000 + $20,000
= $195,000
The loss in salary would be
= $70,000 - $40,000
= $30,000
The loss in rent would be
= $40,000 - $20,000
= $20,000
