Answer:
a. $2.4
b. $10,000 under-applied
c. Cost of goods sold A/c Dr $10,000
To Manufacturing overhead $10,000
Explanation:
a. The computation of the manufacturing overhead rate is shown below:
Manufacturing overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
= $300,000 ÷ 125,000 hours
= $2.4
(B) Now we have to find the actual overhead which equals to
= Actual direct labor-hours × predetermined overhead rate
= 130,000 hours × $2.4
= $312,000
So, the ending overhead equals to
= Actual manufacturing overhead - actual overhead
= $322,000 - $312,000
= $10,000 under-applied
c. The adjusting entry is shown below:
Cost of goods sold A/c Dr $10,000
To Manufacturing overhead $10,000
(Being the under-applied overhead is adjusted)
Explanation:
An organizational culture must be based on values of integrity, ethics and reliability. Through these values, organizations achieve several benefits that directly impact the internal and external environment.
Integrity can be understood as the company's non-negotiable values, such as compliance with legal and human requirements that protect its employees and customers.
Ethics must be applied to all organizational processes and in all hierarchies, the relationship between boss and employees, as well as with suppliers and customers must be based on ethical values that promote equality, respect and security of the rights of each individual.
And reliability is achieved through good practices in society and well-established values, which demonstrate good corporate governance and socio-environmental development practices.
In a hospital, for example, it is necessary for the organizational culture to be based on excellent service, in addition to effective communication, reliable professionals, quality equipment, problem solving staff, hygiene, etc., which are values that demonstrate the values and commitment of the institution with patient health and public service.
Answer:
D) $30,000
Explanation:
To calculate the prime cost per unit we can use the following formula:
prime cost per unit = direct materials per unit + direct labor per unit = $26
We were given the total direct materials, so to determine the direct per unit we divide that by the total units produced: $100,000 / 5,000 units = $20
direct labor per unit = prime cost per unit - direct materials per unit
direct labor per unit = $26 - $20 = $6
Now to calculate the total labor cost we multiply the direct labor per unit ($6) times 5,000 units = $30,000
Answer:
31. B) 7,000 & 10,000
32. B) Alternative 2
Explanation:
Volume is 7000 tons :
Alternative 1 costs : $10,000 + (7000 * $10 ) = $80,000
Alternative 2 costs : $20,000 + (7000 * $8 ) = $76,000
Alternative 3 costs : $40,000 + (7000 * $6 ) = $82,000
Alternative 2 is the most cheapest option if the volume is between 7,000 tons to 10,000 tons.
