Activity Cost Pool Total Cost Total Activity Activity Rate Machine setups $ 20,000 200 setups $ 100 per setup Special processing $ 150,000 10,000 MHs $ 15 per machine-hour General factory $ 200,000 20,000 direct labour-hours $ 10 per direct labour-hour Total overhead costs $ 370,000 What is the total overhead cost assigned to Product A, if Product A used 100 setups, no special processing and 10,000 direct labor-hours? $10,000 $1,000 $110,000 $100,000
Answers
Answer:
total overhead cost = $110,000
so correct option is c. $110,000
Explanation:
given data
used = 100 setups
direct labor-hours = 1000
to find out
What is the total overhead cost assigned to Product A
solution
we get total overhead cost that is express as
total overhead cost = [ $100 per machine setup × 100 setups ] + [ $15 per machine-hours × 0 special processing ] + [ 10 per direct labor-hour × 10,000 direct labor-hours ]
so
total overhead cost = $10,000 + $0 + $100,000
total overhead cost = $110,000
so correct option is c. $110,000
Related Questions
Lanning Company sells 160,000 units at $45 per unit. Variable costs are $27 per unit, and fixed costs are $975,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio % b. Unit contribution margin $ per unit c. Income from operations
Revise the following wordy, unorganized paragraphs. Include an introductory statement followed by a bulleted or numbered list. Look for ways to eliminate unnecessary wording.Because all casual clothing is not suitable for the office, these guidelines will help you determine what is appropriate to wear to work. Slacks that are similar to Dockers and other makers of cotton or synthetic material pants, wool pants, flannel pants, and attractive dress synthetic pants are acceptable. Casual dresses and skirts hemmed at the knee and lower or slits at or below the knee are acceptable. Dress and skirt length should be at a length at which you can sit comfortably in public. Casual shirts and blouses, dress shirts and blouses, sweaters, tops, golf-type shirts, tunics, and turtlenecks are acceptable attire for work. Most suit jackets or sport jackets are also acceptable attire for the office. Conservative athletic or walking shoes, loafers, clogs, sneakers, boots, flats, dress heels, and leather deck-type shoes are acceptable for work.
Through self-guided internet research, the intellectually curious mind can find many examples of potential rewards in business. Add two (2) or more examples of Business Rewards to this list.
Kincaid Company provided consulting service of $2,500 to a customer who paid $1,300 and promised to pay the remainder next month. Which of the following journal entries correctly records this transaction? a. Cash1,300 ,Accounts payable1,200, Consulting revenue 2,500b. Cash1,300, Accounts receivable1,200, Consulting revenue2,500c. Cash1,300, Consulting revenue1,300, Consulting revenue2,50d. Cash1,300, Accounts receivable1,200
a) slow; fast
b) slow; standard
c) standard; slow
d) standard; fast
Answers
Answer:
d) standard; fast
Explanation:
Standard cycle market is defined as a market where a company's products (competitive advantage) are shielded from imitation. This is seen in the given scenario as multi-year contracts with artists and sold copyright-protected music through established distribution channels.
Fast cycle market on the other hand occurs when the competitive advantage of a company is not shielded from imitation. The imitation occurs regularly. In the given scenario this is exemplified by a shift to the digital format and the rise of Internet technology have resulted in the sharing of music over peer-to-peer networks, a practice the industry calls "piracy
Answers
Answer:
Price of stock=$ 77.88
Explanation:
The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.
The price of the stock will the sum of the present value of the growing annuity and the growing perpetuity
Present value of dividend from year 1 to 8
The PV of the growing annuity = A/r-g) ( 1- (1+g)/(1+r)^n )
A- dividend payable now , r- required of return, g-growth rate, number of years
PV = (2.30×1.23)/(0.15-0.23)× (1- (1.23/1.15)^8) = 25.199
PV of Dividend from year 9 and beyond:
P = D× g/(r-g)
This will be done in two steps:
Step 1: PV(in year 8)of dividend = 2.30× 1.23^8×1.07/(0.15-0.07) = 161.16
Step 2 : PV in year 0 = 161.16× 1.15^(-8)= 52.684
PV of Dividend from year 9 and beyond = 52.684
Price of stock = 25.19 + 52.68= 77.88
Price of stock=$ 77.88
Answers
Answer:
the amount of money that must be invested now is $21068.87
Explanation:
Given that:
Nominal interest = 10%
Annuity = 7000
n = 8 years
The Effective interest rate is calculated by using the formula:
Effective interest rate =
Effective interest rate =
Effective interest rate = 0.1045
Effective interest rate = 10.45 %
Thus ; the the amount of money that must be invested now is the present value with the annuity of $7, 000 per year for 12 years, starting eight years from now.
PV = 7000 × 6.666056912 × 0.4515171371
PV = $21068.87
Thus; the amount of money that must be invested now is $21068.87
Final answer:
To determine the required investment, the present value of the annuity starting 8 years from now should be calculated first and then its present value is computed today. This involves understanding the principles of simple and compound interest and applying their formulas accordingly.
Explanation:
In order to determine the amount of money that must be invested now at 10% nominal interest, compounded monthly, to provide an annuity of $7,000 per year for 12 years starting eight years from now, first, we have to calculate the present value of the annuity 8 years from now. We achieve this by using the formula for the present value of an annuity.
Later, we calculate the present value of that amount today. Then we employ the formula of present value in a situation where the compound interest is involved. Compound interest is an interest rate calculation on the amount deposited plus the accumulated interest so far.
This can be generally calculated by determining the difference between the future value and the present value of the amount deposited. In essence, the two major factors in this calculation are the understanding of the simple interest and compound interest, and using the formulae properly.
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b. reveals whether a company is competitively stronger than its closest rivals.
c. is a tool for benchmarking whether a firm's strategy is closely matched to industry key success factors.
Answers
Answer:
The correct answer is letter "B": reveals whether a company is competitively stronger than its closest rivals.
Explanation:
The SWOT analysis is composed of a company's four (4) factors: Strengths, Weaknesses, Opportunities, and Threats. Strengths and weaknesses are inner factors of the entity while opportunities and threats are external factors that could influence the operations of the business.
The first layer of the SWOT analysis involves the strengths of the firm which could be optimal employees attitude towards work, efficient and effective customer service or low-cost manufacturing. These are components make companies stronger than their competitors.
Final answer:
A SWOT analysis helps in crafting a strategy that aligns with a company's internal dynamics and its external environment. It is a broad diagnostic tool rather than a mechanism for direct benchmarking against competitors or industry standards.
Explanation:
A SWOT analysis is a strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats associated with a company or project. Its purpose is to craft a strategy that capitalizes on the company's strengths, mitigates its weaknesses, leverages opportunities and protects against threats.
An effective SWOT analysis:
- Does not directly measure whether a company's value chain is longer or shorter than those of key rivals. Instead, it may highlight areas within the value chain that represent strengths or weaknesses.
- May reveal if a company has competitive strengths or weaknesses relative to its closest rivals, but it does not quantify competitive strength.
- Helps to determine whether a firm's strategy is aligned with industry key success factors, although it is more of a general tool rather than a specific benchmarking mechanism.
The correct answer to the student's question is option c, as it closely aligns with the intent of SWOT analysis to ensure a firm's strategy is in tune with the key success factors of its industry. However, it's worth noting that a SWOT analysis is a broad diagnostic tool and may not necessarily be used for benchmarking in a strict sense.
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Answers
Answer:
Abel Corp is engaged in maximizing profits.
Explanation:
By different reasons (trade barriers, exchange rate fluctuations, a shift in preferences in Britain increasing demand of Global Electric goods type), there is a market opportunity to increase profits per unit sold faster in Britain than France. IF Abel Corp is not bound by a commercial agreement with Global Electric to sell its products only in France, Global Electric cannot make a complaint about selling its products in another market.
Answers
Answer:
Structural policy
Explanation:
This is an example of what is known as structural policy.
There are times where the problem of an economy get to be more and also last longer than inadequate demand. This problem can be caused by government policies or sometimes private practices that cause an impediment on the efficient production of goods and Also services. In other to fix a problem such as this, changes have to be made to the economy. Such changes is what is regarded as structural policy.