Answer:
Overhead Cost - S1 = $30201
Explanation:
To assign Overhead costs to S1, we first need to calculate the Overhead Absorption rate for Machining and Order filling.
The Overhead Absorption rate for Machining is calculated by dividing the Machining Overheads by the number of Machine hours to calculate $ Overhead per Machine Hour.
- Total Machining Hours = 11500 + 3600 = 15100
- Machining = $11325 / 15100 Hours = $0.75 / Machine Hour
Now we do the same calculation for Order Filling Overheads and divide them by Number of Orders.
- Total Number of Orders = 270 + 1240 = 1510
- Order Filling = 26274 / 1510 = $17.4 per order
Now we allocate the Overheads to S1 on the basis of Machine Hours and Number of orders relating to S1.
- S1 Overheads = 0.75 × 11500 + 17.4 × 1240 = $30201
Answer:
Break-even point (dollars)= $574,000
Explanation:
Giving the following information:
Selling price per unit $ 200.00
Variable expense per unit $ 58.00
Fixed expense per month $ 407,540
<u>To calculate the break-even point in dollars, we need to use the following formula:</u>
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 407,540 / [(200 - 58)/200]
Break-even point (dollars)= $574,000
Answer:
$134,300
Explanation:
From the question above, we are required to total amount of indirect manufacturing costs that was incurred by Norred corporation with the information that was provided
The first step is to calculate the total variable manufacturing overhead costs
= Variable manufacturing overhead × Units produced
= $1.60 per unit × 8,000 units
= $12,800
Therefore, the total amount of indirect manufacturing costs can be calculated as follows
= Total variable manufacturing costs + Fixed manufacturing overhead
= $12,800 + $121,500
= $134,300
Hence the total amount of indirect manufacturing costs is closest to $134,300
Answer:
The answer is 20073.38
Explanation:
FV = A * (1+ i)^n
FV = $15,000 * (1.06)^5= 20073.38
20073.38 will be withdrawn from the account in 5 years
