answer.
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
Mila [183]
1 year ago
5

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 31,400
Total fixed manufacturing overhead cost $ 219,800
Variable manufacturing overhead per machine-hour $ 4
Recently, Job T687 was completed with the following characteristics:

Number of units in the job 10
Total machine-hours 20
Direct materials $ 580
Direct labor cost $ 1,160

The unit product cost for Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)


a.$196.00

b.$98.00

c.$80.00

d.$174.00
Business
2 answers:
Pani-rosa [81]1 year ago
6 0

Answer:

Unit Cost = $196

Explanation:

As per the data given in the question,

Total variable overhead estimated = 4×31,400 = $125,600

Total overhead estimated = $125,600+$219,800 = $345,400

Predetermined overhead rate = $345,400÷31,400 = $11 per hour

Total overhead applied = $11×20 = $220

Hence, Total job cost = Direct material + Direct Labor + Total overhead

= $580 + $1,160 + $220

= $1,960

So, Unit cost = $1,960 ÷ 10 = $196

castortr0y [4]1 year ago
5 0

Answer:

Option (a) is the correct answer to this question.

Explanation:

Complete overhead vector estimated=(4 * 31400)=$125600

Total overhead estimated= Total overhead variable estimated Total overhead fixed estimated

=$125600+219800=$345400

Normal overhead rate=$345400/31400=$11 per system hour.

Complete overhead applied=(11 * 20)=$220

Hence total job cost=Direct material+Direct labor+Total overhead

=(580+1160+220)

=$1960.

The final answer is $196.00

You might be interested in
Suppose the following information (in thousands of dollars) is available for H.J. Heinz Company—famous for ketchup and other fin
Katena32 [7]

Answer:

Explanation:

The classified balance sheet comprises of the assets, liabilities, and stockholder equity.  With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.

The assets are further divided into current assets, fixed assets, and intangible assets. Similarly, the liabilities are also further divided but they do not have any intangible liabilities.

The preparation of the partial balance sheet is presented in the spreadsheet. Kindly find the attachment below:

4 0
2 years ago
Troy filed a good faith complaint of discriminatory harassment against his supervisor, Cynthia. One day after receiving notice o
Paraphin [41]

Answer:

Of course this is a retaliatory action. Troy filed a complaint for discriminatory harassment against Cinthia and she answers back by discriminating against Troy even more. All she needed to do was stop discriminating against Troy, she wasn't supposed to increase discrimination against him. This is an example of what shouldn't happen.

Explanation:

5 0
1 year ago
A delivery service is buying 600 tires for its fleet of vehicles. One supplier offers to supply the tires for $ 80 per​ tire, pa
nignag [31]

Answer:

$4,372.71

Explanation:

Here for reaching the difference in PV between the first and the second offer first we need to follow some steps which is shown below:-

Step 1

Total payment due = Per tire × Bought tires

= $80 × 600

= $48,000

Step 2

Present value factor of 8.4% for 1 year = 1 ÷ (1 + Rate of interest)^Number of years

= 1 ÷ (1 + 8.4%)^1

= 1 ÷ (1 + 0.084)^1

= 1 ÷ 1.084

= 0.92251

Step 3

First offer

Present value = Total payment due × Present value factor of 8.4% for 1 year

= $48,000 × 0.92251

= $44,280.48

Step 4

Second offer

One year payment = Bought tires × Per tire

= 600 × $45

= $27,000

Step 5

Present value = One year payment × Present value factor of 8.4% for 1 year

= 27,000 × 0.92251

= $24,907.77

Step 6

Total present value = Present value of second offer + Tires cost

= $24,907.77 + $15,000

= $39,907.77

Here we can see that first offer is higher than second offer

So,

The difference between the first and the second offer = First offer - Second offer

= $44,280.48 - $39,907.77

= $4,372.71

7 0
2 years ago
Concerning the allocation of the publication budget among various journals, Select one: a. the cost-per-thousand calculation sho
natulia [17]

Answer:

adgggrg

Explanation:

4 0
1 year ago
One of the biggest challenges of business process design is​ ________.
Bogdan [553]
The biggest challenges of business process design are how a business could engage people from getting to work in a way of working new ways or techniques and even following procedures that are different and that they are not known to be of.
3 0
2 years ago
Other questions:
  • What is the marginal benefit of the 4th fried peanut butter and banana sandwich?
    13·1 answer
  • When watching an infomercial offering the latest and greatest in laundry soap products the pitchman continually asks how much yo
    8·1 answer
  • A lender might investigate a borrower’s personal assets if that borrower was part of which of the following organizations?
    8·1 answer
  • REI has a 100% satisfaction guarantee on its items. It allows customers to return products up to one year after purchase. This i
    8·1 answer
  • The economy of Elmendyn contains 900 $1 bills. If people hold all money as currency, the quantity of money is $ . If people hold
    5·1 answer
  • Human service organizations can adopt this concept of a _________________who zealously works to spread a successful project thro
    13·1 answer
  • Your father has $500,000 invested at 8%, and he now wants to retire. He wants to withdraw $50,000 at the end of each year, begin
    11·1 answer
  • A buyer is getting a fully amortized loan for $220,000. The bank will give the buyer the loan for 15 years at 5 1/2% or for 30 y
    9·1 answer
  • This morning I ordered my standard coffee refill from the Global Cafe for $1.09 (it is a lot cheaper if you are bringing your ow
    12·1 answer
  • Which is the main reason why IT professionals need to pursue continuing education and self-directed learning?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!