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
rewona [7]
1 year ago
8

Collingsworth, Inc. produces 3 products: AKM, BWT, and CPQ. Product AKM requires 700 purchase orders, Product BWT requires 1,080

purchase orders, and Product CPQ requires 1,720 purchase orders. The company has identified an ordering and receiving activity cost pool with allocated overhead of $504,000 for which the cost driver is purchase orders. How much ordering and receiving overhead is assigned to Product AKM
Business
1 answer:
marusya05 [52]1 year ago
5 0

Answer:

Allocated MOH= $100,800

Explanation:

<u>First, we need to calculate the predetermined allocation rate for ordering and receiving:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Ordering and receiving= 504,000 / (700 + 1,080 + 1,720)

Ordering and receiving= $144 per order

<u>Now, we allocate to product AKM:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 144*700

Allocated MOH= $100,800

You might be interested in
Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for
frozen [14]

Answer:

A

Explanation:

3 0
2 years ago
Read 2 more answers
Which of the following most accurately describes a podcast?​ a. ​A multiplayer, competitive activity b. ​An interactive version
Pepsi [2]
C. A podcast is a prerecorded usually audio about someone discussing a subject.
5 0
2 years ago
g The budgeted production of​ Capricorn, Inc. is 15 comma 000 units per month. Each unit requires 30 minutes of direct labor to
Bond [772]

Answer:

D. $525,000

Explanation:

budgeted production = 15,000 units/month

unit production time required = 30 minutes => 0.5 hours

direct labor rate = $70 per hour

Budgeted cost of direct labor for the month = 15,000 * 0.5 * 70

= $525,000

8 0
2 years ago
The next two questions refer to the following fictional financial statement from Katie's Kicks: Revenue: $500,000 Shoes: $250,00
balu736 [363]

Answer:

502

Explanation:

In this question, we are asked to calculate the number of additional shoes to be sold to cover a $25,000 investment in advertising whilst also maintaining current contribution to the company.

Firstly, we calculate the sum of variable expenses;

This is the sum of shoe boxes and shoes = 1,000 + 250,000 = 251,000

Now, we proceed to get the contribution margin.

Mathematically, contribution margin = Revenue - Total variable expenses = 500,000 - 249,000 = 251,000

The contribution margin per part can be calculated as ;

Contribution Margin/currently selling pairs of shoes= 249,000/5000 = 49.8

The additional parts to be sold = Investment in advertising/contribution margin per shoes

= 25,000/49.8

= 502

4 0
3 years ago
Juan purchased shares in ABC company for​ $5,000 three years ago. During these three years he received​ $600 in dividends. He ju
7nadin3 [17]

Answer:

B) –2%

Explanation:

The total return on an investment is calculated by,

Total Return = Capital gains ÷ Initial Investment x 100

First we will have to calculate capital gains of his investment,

He got 600 in dividends and 4,300 after selling the stock against the initial investment of $5,000.

So capital gains,

= 600 + 4,300 - 5,000

= -100

Total Return would be,

= -100 / 5,000 x 100

= -2% is the total return on his investment.

7 0
2 years ago
Other questions:
  • ________ computers, such as univac, can be characterized by their use of vacuum tubes to store individual bits of data.
    10·1 answer
  • Janet bought a share of stock for​ $47.50 that paid a dividend of​ $.72 and sold one year later for​ $51.38. What was her dollar
    6·1 answer
  • Sue hired an attorney to help her draft a purchase and sale agreement for her new home. The home is an example of a product that
    15·1 answer
  • Cherries on Top, a national ice cream shop, is struggling financially to keep up with the bigger chains. The top executives have
    5·1 answer
  • Marina Lyon works as a reservation executive at a travel and tourism company. Though her job requires her only to efficiently bo
    15·1 answer
  • Bensen Co. paid a dividend of $5.25 on its common stock yesterday. The company's dividends are expected to grow at a constant ra
    7·1 answer
  • If I have the only telephone in town, it is essentially worthless. Then other people in town get telephones and I can call them.
    13·1 answer
  • Which of the following is not a good example of how accountants might use data analytics to help evaluate estimates used to valu
    15·1 answer
  • Halibut Company purchased merchandise on account from a supplier for $18,600, terms 2/10, n/30. Halibut Company returned $5,000
    15·1 answer
  • Which statement best describes one way businesses participate in the
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!