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gulaghasi [49]
1 year ago
15

In the month of May, Kachik Manufacturing had the following overhead costs. 1. Property taxes, $19,200 ($9,200 for offices, $10,

000 for factory) 2. Insurance, $15,720 ($3,500 for office building insurance, $8,400 for accidental injury insurance on factory workers, $3,820 for factory building insurance) 3. Utilities, $2,118 ($1,306 for factory, $812for offices) 4. Depreciation, $36,497 ($12,680 for factory equipment, $14,573 for factory building, $9,244 for office building) How much will Kachik debit their Manufacturing Overhead account on May 31, 2016?
Business
1 answer:
bija089 [108]1 year ago
6 0

Answer:

debit for 50,779

Explanation:

the actual overhead will be debited which is composed by the actual cost associate with the production department which aren't direct materials or labor.

property taxes     10,000

injury insurance     8,400

building insurance 3,820

utilities                     1,306

equipment dep      12,680

building dep           14,573

 actual overhead   50,779

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Answer:

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Explanation:

Consider the following information regarding Company WWG:

Total Current volume (CBM) = 190,000  

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Direct ship Volume (CBM) = 169,100  

Consolidation center volume = 190,000 - 169,100 = 20,900

Calculate the shipping cost of the company as shown below:  

Shipping Cost calculations

Direct ship by Container type (in Feet)  20    40  

Volume (%)                            0.21    0.79  

Volume (CBM)                169,100*0.21          169,100*0.79

                                                                          = 35,511           =133,589

Container capacity used         85%    85%

Container center by container type

Volume (%) = 100  

Volume (CBM) = 20,900

Container capacity used = 96%

Container capacity (CBM) (34)  

Container shipped = 35,511/ (34*0.85) =1,229  

Shipping Cost per container = $480

Shipping Cost by container size ($) = 1,229*480 4589,920

Container capacity (CBM) (67)      

Container shipped  = 133,589/ (0.85*67) + 20,900/ (0.96*67) = 2,671  

Shipping Cost per container = $600

Shipping Cost by container size ($) = 2,671*600 = $1,602,600

Calculate the total shipping cost as shown below:  

Total shipping cost = $589,920+$1,602,600 = $2,192,520

Calculate the consolidation center operating cost as shown below:

Number of centers = 4

Annual fixed cost per center = $75,000

Total annual fixed cost = $75,000*4 =$300,000

Variable cost per CBM = $4.9

Total annual variable cost = 20,900*$4.9 = $102,410

Total annual consolidation center costs = $300,000+$102,410= $402,410

Calculate the total cost involved in shipping containers to the Country U as shown below:

Total Cost = Total Shipping Cost + Total Annual Consolidation center Cost  

     = $2,192,520 + $402,410

     = $2,594,930

Hence, the total cost involved in shipping the containers to country U.S is $2,594,930.

4 0
1 year ago
Tatum can borrow at 6.7 percent. The company currently has no debt, and the cost of equity is 12.9 percent. The current value of
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Answer

The answer and procedures of the exercise are attached in the following archives.

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You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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1 year ago
Effective teams (1) function so well they create their own magnetism, (2) are interested in others' success as well as their own
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Answer:Only statements 1 and 2 are correct

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1 year ago
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Answer:

The adjusted bank and book balance is shown below:-

Explanation:

The computation of the adjusted bank and book balance is given below:-

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Less:        Outstanding check 4000         Error on check $810

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5 0
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Less:Cost of sales       <u> (17184)</u>

Gross Profit                   29783

<u>Less:Expenses</u>

Selling & Admin exp     (12051)

Depreciation exp           (6850)

Interest exp                  <u> (4088)  </u>

Net income before ta     6794

tax expense                 <u>(2377.9)</u>

Net Income                   <u>4416.1</u>

4 0
2 years ago
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