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eduard
1 year ago
5

Computing Pre-determined Overhead Rates and Job Costs [LO2-1, LO2-2, LO2-3]

Business
1 answer:
Anuta_ua [19.1K]1 year ago
7 0

Answer and Explanation:

1. The computation of plantwide predetermined overhead rate is shown below:-

(Fixed manufacturing overhead cost ÷ Machine-hours) + Variable manufacturing overhead cost per machine-hour

= ($651,000 ÷ 159,000) + $4.60

= $8.69

2. The total manufacturing cost assigned to Job 400 is shown below:-

Total manufacturing cost assigned to Job 400 = Direct material + Direct labor + Manufacturing overhead

= $370 + $300 + (34 × $8.69)

= $370 + $300 + $295.46

= $965.46

3. The unit product cost is shown below:-

Unit product cost = Total manufacturing cost assigned to Job 400 ÷ Number of units

= $965.46 ÷ 60

= $16

4. The selling price per unit is shown below:-

Selling price per unit = Unit product cost + (Unit product cost × markup percentage)

= $16 + ($16 × 120%)

= $16 + $19.2

= $35.2 per unit

5. As the absorption costing method is chosen so it also considered the fixed also it fails to generate the good analysis for variable costing

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The expected rate of return on a constant growth stock is equal to the ____ plus its _____. Select one: a. risk-free rate; infla
belka [17]

Answer:

The correct answer is letter "D": dividend yield; expected growth rate.

Explanation:

Constant growth stocks are dividends expected to provide a constant rate for long, undetermined periods. This implies the stock's dividend yield and projected capital gains are constant. Under these parameters, <em>the expected rate of return of this type of stock is calculated by adding the expected dividend yield to the expected growth rate</em>.

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1 year ago
JJ was recently promoted to manager. Although he used to take advice from his peers, he seems no longer willing to listen to any
stich3 [128]

Answer:

B. An oversized ego.

Explanation:

An oversized ego basically depicts that JJ inability to listen to his peers, and he is no longer willing listen to his boss, and that proves he is too full of himself.

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2 years ago
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Telly, age 38, has a $125,800 IRA with Blue Mutual Fund. He has read good things about the management of Green Mutual Fund, so h
algol13

Answer: $125,800

Explanation:

Telly would receive the full amount from the Blue Mutual Fund because he is transferring from one IRA to another.

Taxpayers are allowed to transfer or perform a distribution rollover once a year and this is what he is taking advantage of. No amount will be withheld as well should this be the case.

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1 year ago
Whispering Corporation had income from continuing operations of $10,775,400 in 2020. During 2020, it disposed of its restaurant
pantera1 [17]

Answer:

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                             Partial income statement for 2020

Income from continuing operations                           $10,775,400

Income from discontinuing operation:

Division operated loss                             ($321,500)

Division disposal Loss                            <u> ($200,100) </u>

                                                                                    <u>($521,600)</u>

Net Income                                                                  $<u>10,253,800</u>

8 0
2 years ago
Depreciation Methods On January 2, 2018, Skyler, Inc. purchased a laser cutting machine to be used in the fabrication of a part
Studentka2010 [4]

Answer:

Part A  

1. Straight-line.    

Year   Depreciation expenses ($)  

2018  228,750  

2019  228,750  

2020  228,750  

2021  228,750  

2. Double-declining balance.  

Year   Depreciation expenses ($)  

2018  460,000  

2019  230,000  

2020  115,000  

2021  110,000  

3. Units-of-production. (Assume annual production in cuttings of 200,000; 350,000; 260,000; and 110,000.)    

Year   Depreciation expenses ($)  

2018  198,913  

2019  348,098  

2020  258,587  

2021  109,402  

Part B  

1. Straight-line.    

Year   Depreciation expenses ($)  

2018  114,375  

2019  228,750  

2020  228,750  

2021  228,750  

2022  114,375  

2. Double-declining balance.  

Year   Depreciation expenses ($)  

2018  230,000  

2019  345,000  

2020  172,500  

2021  86,250  

2022  81,250  

3. Units-of-production. (Assume annual production in cuttings of 200,000; 350,000; 260,000; and 110,000.)    

Year   Depreciation expenses ($)  

2018  99,457  

2019  273,505  

2020  303,342  

2021  183,995  

2022  54,701  

Explanation:

Note: See the calculation in the attached excel file.

Download xlsx
8 0
2 years ago
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