Wings Co. Budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing overhead:
Overhead Cost Pool Budgeted Overhead Cost Budgeted Level for Cost Driver Overhead Cost Driver
Materials handling $160,000 3,200 pounds Weight of materials
Machine setup 13,200 390 setups Number of setups
Machine repair 1,380 30,000 machine hours Machine hours
Inspections 10,560 160 inspections Number of inspections
Requirements for Job #971 which manufactured 4 units of product:
Direct labor 20 hours
Direct materials 130 pounds
Machine setup 30 setups
Machine hours 15,000 machine hours
Inspections 15 inspections
If Wings uses a volume-based overhead rate based on direct labor hours, the manufacturing overhead for Job #971 is:
a. $1,020.
b. $990.
c. $6,400.
d. $3,460.
e. $1,600.
Can you explain what volume based costing is? Is it another name for traditional costing? What are formulas I need to know for ABC and Volume based costing?
Answers
Volume-based costing, also known as traditional costing, is a costing method that assigns indirect costs to products based on a single volume-based cost driver, such as direct labor hours, machine hours, or direct material costs. It assumes that the volume-based cost driver is the main cause of the indirect costs incurred in production. The formula for volume-based overhead rate is:
Volume-based overhead rate = Total estimated manufacturing overhead cost ÷ Total estimated volume-based cost driver
On the other hand, activity-based costing (ABC) is a costing method that assigns indirect costs to products based on multiple cost drivers that represent the activities required to produce the products. It recognizes that different activities consume different resources and cost drivers, and thus, more accurately reflects the true costs of production. The formula for ABC overhead rate is:
ABC overhead rate = Total estimated cost of each activity ÷ Total estimated cost driver of each activity
To calculate the overhead cost for a specific job using volume-based costing, you need to first calculate the overhead rate using the total estimated manufacturing overhead cost and the total estimated volume-based cost driver. Then, you multiply the overhead rate by the actual volume-based cost driver for the specific job. In this case, the volume-based cost driver is direct labor hours. The formula is:
Overhead cost for a job = Volume-based overhead rate x Actual direct labor hours for the job
Using the data provided, the volume-based overhead rate is calculated as follows:
Total estimated manufacturing overhead cost = $160,000 + $13,200 + $1,380 + $10,560 = $185,140
Total estimated direct labor hours = 2,315
Volume-based overhead rate = $185,140 ÷ 2,315 = $79.96 per direct labor hour
To calculate the manufacturing overhead for Job #971, you multiply the actual direct labor hours for the job (20) by the overhead rate:
Manufacturing overhead for Job #971 = $79.96 per direct labor hour x 20 direct labor hours = $1,599.20
Therefore, the closest answer to the manufacturing overhead for Job #971 using volume-based costing is option e, $1,600.
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Related Questions
Bonita Corporation has income from continuing operations of $266,000 for the year ended December 31,2022 . Italso has the following items (before considering income taxes). 1. An unrealized loss of $76,000 on available-for:-5ale securities. 2. A gain of $35.000 on the discontinuance of a division (comprised of a $12,000 loss from operations and a $47,000gain on disposal). Assume allitems are subject to income taxes at a 15% tax rate.
Answers
There is no immediate tax impact for this item.2.
the income tax impact for bonita corporation is as follows:1. unrealized loss on available-for-sale securities: since it is an unrealized loss, there is no immediate tax impact.
2. gain on the discontinuance of a division: the gain of $35,000 is subject to income taxes at a 15% tax rate.
tax on the gain: $35,000 × 15% = $5,250
for bonita corporation, the income from continuing operations is $266,000 for the year 2022. there are two additional items to consider for income tax purposes.
1. unrealized loss on available-for-sale securities: this represents a loss of $76,000. since it is an unrealized loss, it means the securities have decreased in value, but they have not been sold. gain on the discontinuance of a division: the gain of $35,000 consists of a $12,000 loss from operations and a $47,000 gain on disposal. the $35,000 gain is subject to income taxes at a 15% tax rate. to calculate the tax on the gain, we multiply the gain by the tax rate: $35,000 × 15% = $5,250.
in summary, for income tax purposes, bonita corporation would have a tax impact of $5,250 for the gain on the discontinuance of a division. the unrealized loss on available-for-sale securities does not have an immediate tax impact.
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What are some of the steps that led to creating eHarmony?
What advantages did eHarmony have because it was not the first entrant into the online dating market space?
What disadvantages might there be as a late entrant into a market? Did eHarmony experience any or all of these? Which?
Why did Greg Forgatch believe that eHarmony’s first radio ad worked so well?
What key advertising concepts has eHarmony applied?
Answers
Answer and Explanation:
1. Eharmony was born out of Neil Clark Warren's(clinical psychologist and marriage counselor) research work on the psychology of satisfactory relationships through weighing compatibility by certain notable characteristics in individuals. It was on this basis that he set up eharmony which matches people based on principles from his research
2. Eharmony matches people using Neil's principles and this sets him apart from other dating sites
3. It worked so well because there was evidence that it Neil's matching couples model works because real couples were involved in the ad
4. Key advertising concepts was the involvement of real couples who started their relationship through eharmony showing that it actually works
Question 19 (4 points) Listen The Dollar to Euro spot exchange rate is $1.5123/€1.00, the Dollar to Yen spot exchange rate is $0.009615/¥1.00, and the Euro to Yen spot exchange rate is €0.006256/1.00. Determine the triangular arbitrage profit that is possible if you have $9,000,000. $144,198 $30,231 $29,314 $146,546 $254,989
Answers
The triangular arbitrage profit that is possible if you have $9,000,000 is $29,314. Option C ($29,314) is the correct answer.
The Triangular arbitrage can be defined as a process where a difference in exchange rates produces a profit. In general, triangular arbitrage occurs when a currency pair has a difference in exchange rates. The following formula can be used to calculate the arbitrage profit:
Where CF = Cross rate for the two currency pairs
T1 = Transaction 1
T2 = Transaction 2
T3 = Transaction 3
We have the following information from the question:
USD/EUR = $1.5123/€
1USD/YEN = $0.009615/¥
1EUR/YEN = €0.006256/¥1$9,000,000 * €1/$1.5123 * ¥1141.62/€1 * $0.009615/¥1
= $11,029,651.54$9,000,000 * ¥1/$0.009615 * €0.006256/¥1 * $1.5123/€1
= $10,708,337.21
Triangular Arbitrage Profit = $11,029,651.54 – $9,000,000 – $10,708,337.21
= $321,314.33
Therefore, the profit possible is $29,314. Option C is correct.
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Which sentence in the given text describes an element of the marketing mix that could help
John with sales?
John was working with his team on a product launch. He did some market research and
found some similarities between his product and those of the competitors.
(A) He knew that his product offered personalized service as part of the product
package, which was already done by some of his competitors
(B) The market was quite saturated and customers had plenty of options. The
advertising options that the competitors had were much more extensive than what
John could afford
(C) He knew that his cost of production was lower than that of his competitors, so he
could pass on some of those savings to his customers
(D) He chose to launch his product and display it at the same place where his
competitors sold their products
OB
ОА
OD
Answers
The sentence in the given text describes an element of the marketing mix that could help John with sale is He knew that his cost of production was lower than that of his competitors, so he could pass on some of those savings to his customers. Thus option C is correct.
What is marketing Mix?The marketing mix refers to the technique or model of any bsuiness that highlights important elements such as product, price, place, and promotion to make any business achieve its desired objective and seek growth.
These factors are affected any business growth so these factors are determined based on the needs and requirements of customers. In the given factors promotional mix plays a significant role as it influences customers to buy any product.
This marketing mix helps to identify customers' needs and to plan strategies to develop better customer reach. In the given option, all options provide elements of the marketing mix.
Option C helps john to improve his sales as it tells how to retain customers by engaging them effectively with the product and the brand offered.
Therefore, option C is appropriate.
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john a supervisor at the local factory revicea freuesnt requests from workers on how to fix the machine they use what shoud, john do
Answers
Morgan is working on the compensation package for bank tellers. Bank customers like to see the same faces in the bank when they come in to talk about their money. Therefore, Morgan needs to find a way to reduce turnover among the tellers. Adopting a(n) ______ organizational philosophy on compensation might be a good idea. a. pay-for-performance b. below-the-market c. at-the-market d. pay-for-longevity
Answers
Morgan is working on the compensation package for bank tellers. Therefore, Adopting a pay for longevity organizational philosophy on compensation might be a good idea.
What do you mean by a bank?A bank refers to a financial institution that provides financial services to its customers.
As Morgan is working on the compensation package for bank tellers, bank customers like to see the same faces in the bank when they come in to talk about their money. Adopting a pay for longevity organizational philosophy on compensation might be a good idea.
Therefore, D is the correct option.
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Who would best benefit from counseling?
A person with a debt-to-income ratio of 29%
A person with a debt-to-income ratio of 8%
A person with a debt-to-income ratio of 12%
A person with a debt-to-income ratio of 25%
Answers
Answer:
It's A. A person with a debt-to-income ratio of 29%
Explanation:
A person with a debt-to-income ratio of 29% would best benefit from counseling. Hence, option A is correct.
What is debt-to-income ratio?People debt-to-income ratio (DTI) evaluates how much of your monthly income is going toward paying down your debts. It specifically refers to the percentage of your gross monthly income that is used to settle debts such as rent, a mortgage, credit cards, and other commitments.
As a general rule, try to keep your total debt to income ratio at or below 43%. As a general rule, aim for a debt-to-income ratio of about 36% or less and no higher than 43%. This is how lenders frequently assess DTI: Excellent DTI of 36% or less. DTI is good at 43%.
The optimal back-end ratio, which takes into account all monthly debts, should not be more than, and the front-end ratio should not exceed, 28 percent.
Thus, option A is correct.
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Taking notes is likely to increase your
A. Enunciation
B. Focus
C. Speaking ability
D. Logic
Answers
Answer:
A. Enunciation
Explanation:
Answer:
A
Explanation:
answered
Sita and Zoya are two friends
belonging to Hindu and Muslim
religion. They start a
business of handicrafts together. They decide to
open the factory in rural area and give
employment opportunities to local residents.
a) Which form of business organisation have they
opted?
1 SEE ANSWER
Answers
They have chosen the partnership business structure:
Describe a partnership:In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership.
What is a partnership and what are its benefits?If there are less than 20 people involved and restricted liability is not required, think about forming a partnership. One benefit of a cooperation is that: Two or more heads are preferable to one. Your company is simple to launch and has modest startup expenses. The business has access to extra funding.
Briefing:In small- and medium-sized businesses, partnerships are a common type of company structure. One individual is unable to manage the growing scale of the company on their own. Therefore, a partnership between two or more people is formed to conduct business. The issue with sole proprietorships is beginning to be solved by this type of firm.
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A $100 petty cash fund has cash of $20 and receipts of $82. the journal entry to replenish the account would include a:_______
Answers
A $100 petty cash fund has cash of $20 and receipts of $82. the journal entry to replenish the account would include a debit to Cash Over and Short for $2.If a cashier or bank teller makes a mistake, such as giving too much or too little change, the business will conclude the day with "cash short" or "cash over" position.
When there is a shortage, the excess and short funds are recorded as debit. That indicates that we have given clients too much change. When there is an overage, however, excess and deficit in cash are recorded on credit.
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Plz Hurry I am timed!
A chain of coffee servers is sending a spreadsheet of projected costs and profits to some of its investors. When, Kyle, the administrator making the spreadsheet, adds an image of his company’s logo, he realizes it would fit and look best if turned to read sideways.
How can Kyle change the image to make it fit in such a way?
A) He can select the image and hold down on the green handle above it while sliding the mouse.
B) He can select the image and hold down Control while sliding the scroll bar to the right.
C) He can press the PivotTable button and select “Rotate 90 degrees” and then click OK.
D) He can click on the Pictures Tool tab and select press Artistic Effects to access the rotate option.
Answers
Answer: A) He can select the image and hold down on the green handle above it while sliding the mouse.
Explanation:
After inserting the picture, if he wants the logo to read sideways, his best bet is to rotate it. He can do this by clicking on the picture and then clicking and holding down the green handle above the image which would look like a rotating arrow.
While holding it down, he should then slide the mouse and the picture would rotate. He can stop rotating at an angle he deems appropriate.
Answer:
A
Explanation:
Just took the test
If you could choose to be anything you want, what would you choose to be and why? 2-3 paragraphs
Answers
He is the oldest rapper alive being 300 years old he also dropped the best album of this generation in 2012 he is still making music he has mutiple cars and houses he had mutiple baby moms he’s rich
Would you consider VFITX to be a good investment choice? why or why not.
Answers
A moderate and sustainable amount of current income is the goal of the investment. The fund makes at least 80% of its investment in U.S. Treasury securities, which include Treasury bills, bonds, and notes.
What are Treasury bills?Having a maturity of one year or less, a Treasury Bill (T-Bill) is a short-term obligation of the United States government backed by the Treasury Department.
Typically, $1,000 bills are available for purchase from the Treasury. However, some can place non-competitive bids up to a maximum denomination of $5 million. These securities are frequently viewed as safe and low-risk investment options.
T-Bills are sold by the Treasury Department in auctions that feature both competitive and non-competitive bidding. The price of a noncompetitive bid, sometimes referred to as a noncompetitive tender, is determined by averaging all the competitive offers that were received.
The tangible net worth of T-Bills is typically very high. T-bills are issued by the U.S. government to pay for a range of public works initiatives, including the building of roads and schools.
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When the retail price of imported products is increased for the purpose of making domestic goods more competitively prices it is called a(n) ____
A. harmonized tariff
B. specific tariff
C. revenue tariff
D. protective tariff'
Answers
When the retail price of imported products is increased for the purpose of making domestic goods more competitively priced, it is called a protective tariff.
Option D. protective tariff' is correct answer:
A protective tariff is a type of tariff that is imposed on imported goods in order to raise their retail prices to the point where domestically produced goods can compete with them competitively.
The protectionist policy is designed to help domestic industries maintain their competitive advantage in the domestic market by shielding them from foreign competition. They are typically imposed by governments in order to protect domestic industries from competition from foreign goods.
In addition, protective tariffs can also be used to generate revenue for the government by levying taxes on imported goods. This is done in order to reduce the volume of imported goods and make domestically produced goods more competitive in terms of pricing.
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On January 2, 2021, Sanborn Tobacco Inc. bought 5% of Jackson Industry’s capital stock for $105 million. Jackson Industry’s net income for the year ended December 31, 2021, was $135 million. The fair value of the shares held by Sanborn was $128 million at December 31, 2021. During 2021, Jackson declared a dividend of $70 million.
Answers
Sanborn Tobacco Inc. bought 5% of Jackson Industry's capital stock for $105 million on January 2, 2021. The fair value of the shares held by Sanborn was $128 million at December 31, 2021, which means that the value of the investment has appreciated by $23 million.
During 2021, Jackson Industry declared a dividend of $70 million. Since Sanborn owns 5% of Jackson's capital stock, Sanborn is entitled to 5% of the dividend, which amounts to $3.5 million.
Sanborn will need to report their investment in Jackson Industry in their financial statements. The initial investment of $105 million will be recorded as a debit to the investment account and a credit to the cash account.
The increase in the value of the investment of $23 million will be recorded as unrealized gain in the investment account. Sanborn will not recognize this gain until they sell the investment.
The dividend income of $3.5 million will be recorded as income in the investment account.
Overall, Sanborn Tobacco Inc. has made a profitable investment in Jackson Industry. The investment has appreciated in value, and Sanborn has also received dividend income.
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Question 16 of 20
Which of these is an example of something affected by contract law?
A. A patent
B. A license
C. A trademark
D. Due process
Answers
A license is an example of something affected by contract law. Hence, option C is correct.
What is contract law?The main goal of contract law is to connect an agreement reached between two or more parties and the realities of the outside world. It will be your responsibility to do everything in your power to protect your clients' best interests.
A contract is an agreement between parties that establishes legal duties for both parties. The fundamental components necessary for the agreement to be a valid offer and acceptance, adequate consideration, capacity, and legality are: mutual assent, expressed through a contract-compliant offer,
A contract must contain several characteristics in order to be legitimate and recognized by the common law, including an offer, acceptance, consideration, the desire to establish legal relations, authority and ability, and certainty. Without these components, a contract is not enforceable by law and cannot be relied upon.
Thus, option C is correct.
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Answer: A license
Explanation:
The answer is B. A license
If jack consumes 3 popsicles and 1 ice cream cone, then: a. He still has $5 left to spend. B. The price of ice cream must have increased to $8. C. The price of popsicles must have decreased. D. None of these are true
Answers
The most accurate answer would be option D) None of these are true as we do not have enough information to draw conclusions about the prices of popsicles and ice cream cones or Jack's remaining money.
If Jack consumes 3 popsicles and 1 ice cream cone, we cannot directly determine the changes in the prices of popsicles or ice cream cones. However, we can analyze each option:
A. If Jack still has $5 left to spend, it indicates that he has spent a certain amount on the popsicles and ice cream cone, but without knowing the initial amount of money or the prices, we cannot confirm this.
B. The price of ice cream increasing to $8 is a possibility, but we cannot conclude this solely based on the given information about Jack's consumption.
C. The price of popsicles decreasing is another possibility, but again, we cannot confirm this without knowing the initial prices and Jack's total spending.
D. Since we cannot confirm any of the previous statements, the most accurate answer would be "None of these are true," as we do not have enough information to draw conclusions about the prices of popsicles and ice cream cones or Jack's remaining money.
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Community redevelopment programs are primarily directed towards _______. a. preventing pollution in commercial and residential properties b. improving property values by eliminating blighted buildings c. establishing basic sanitation in urban environments and communities d. cleaning up abandoned, unused, and polluted properties Please select the best answer from the choices provided A B C D
Answers
Answer:
d. cleaning up abandoned, unused, and polluted properties
Explanation:
Given that Community redevelopment programs are programs established to create sufficient urban cities such that there is adequate proper housing and a suitable living environment including improvement in economic opportunities, majorly for the lower and middle class.
Hence, in this case, the correct answer is that community redevelopment programs are primarily directed towards "cleaning up abandoned, unused, and polluted properties." This will help the urban centers to have adequate housing and suitable living area.
Answer:
D. cleaning up abandoned, unused, and polluted properties
Explanation:
edge 2022 verified I just did the quiz below have a nice day :) <3
Gabriel Joseph has begun a new delivery and warehousing business. To begin his deliveries, he has leased a new truck. The 0ve-year lease arrangement provides formonthly payments based on the $35,000 cost of the truckand an a greedonrate of 1 5 percent compounded monthly.What will Mr.Joseph's lease payment be each month?
Answers
When a country has a trade deficit, the value of its exports is____ of its imports.
A. unconnected to
B. less than
C. equal to
D. more than
Answers
Answer: B. Less than
A simple example would be that the country exports say $100 worth of goods, but imports $250 worth of goods. The trade deficit would be 250-100 = 150 dollars.
(B) Less than.
Trade deficit:When a country's imports exceed its exports in value, there is a trade deficit. Imports and exports can be both physical products and services. A trade deficit simply indicates that a nation is importing more products and services than it is exporting.The difference between the monetary value of a country's exports and imports over a specific time period is known as the balance of trade, commercial balance, or net exports (often denoted as NX). A distinction between a trade balance for products and one for services is occasionally drawn. A flow of exports and imports over a specific time period is measured by the balance of trade.Therefore, the correct answer is (B) less than.
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Where in the long-term care policy must the insurer state the renewal provision?
A. In the Provisions and Exclusions section
B. In the policy appendix
C. Anywhere the insurer deems appropriate
D. On the first page
Answers
The renewal provision in the long-term care policy must be stated on the first page. (Option D)
The renewal provision is an important part of any insurance policy, including long-term care policies. It outlines the terms and conditions for renewing the policy after the initial coverage period expires. According to the question, the renewal provision must be stated on the first page of the policy.
This is to ensure that the policyholder is aware of the renewal terms before agreeing to purchase the policy. It is important for policyholders to review the renewal provision carefully to understand how the premiums may change, what benefits will be covered, and whether the insurer has the right to refuse renewal for any reason.
Option D is answer.
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A(n) blank______ model is a plan that details how a company creates, delivers, and generates revenues on the internet. multiple choice question. data ebusiness business
Answers
A blank e-business model is a plan that details how a company creates, delivers, and generates revenues on the internet.
The business strategy that enables customers to buy and sellers to sell goods and services through the internet is known as e-commerce.
It belongs to a larger sector of the economy known as electronic business or e-business.
Online transactions can be made via computers, smartphones, tablets, and other smart devices in the four main market categories of-
business to businessconsumer to consumer, business to consumer, consumer to business.Nearly all goods and services are now available to customers through e-commerce transactions in today's digital environment. When it comes to sharing data or money to continue executing a transaction, e-commerce involves multiple parties.
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Users of managerial accounting information include ______. (select all that apply) multiple select question. department managers potential investors internal revenue service the chief financial officer
Answers
The user of managerial accounting information includes:
department managersthe chief financial officerWhat is managerial accounting information?Managerial accounting information can be defined as the gathered information which managers use during decision making process.
The users of this information are department manager and the chief financial officer.
Therefore the correct option is A, D.
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Fill in the gaps using second conditional. /2
If she (know) __________ the answer, she would win the prize.
If I (be) ___________ a rich man, I would buy a Mercedes Benz.
They would stay longer, if they (has) _________ more time.
If I (understand) __________ what the teacher said, I could tell you.
plz tell hurry
Answers
Answer:
knew
were
had
understood
When does information become as liability for an organization
Answers
Answer:
after college hope it help :)
Explanation:
Answer:
when it is not managed properly
Explanation:
PLATO
Municipal Bonds tax exemption is a characteristic that made this bond attractive to investors in high marginal tax rate level Select one: True False
Answers
Municipal Bonds tax exemption is a characteristic that made this bond attractive to investors in high marginal tax rate level Select one: True.
Municipal bonds often offer tax exemptions, which is a characteristic that makes them attractive to investors in high marginal tax rate levels. The interest earned from municipal bonds is typically exempt from federal income tax, and in some cases, it may also be exempt from state and local taxes. This tax advantage allows investors to keep a larger portion of their investment returns, making municipal bonds a desirable option for those seeking tax-efficient investments. The tax exemption feature can be particularly beneficial for investors in higher income brackets who have a higher marginal tax rate and can benefit from reducing their tax liability.
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The Free enterprise system is:
A: Supply & Demand
B: Designed to protect consumers' best interests
C. Requires both sides of the story
D. Free of competition
Answers
Answer:
Free enterprise is the freedom of individuals and businesses to regulation. It enables individuals and businesses to create, produce, are able and willing, enterprising people produce goods and services for produce and sell goods and services. In this system, no one forces people they believe to be best for them.
An advantage of a corporation is that
A. owners pay fewer taxes than owners of other forms of business.
B. the business is subject to little government intervention.
C. owners have limited liability for debt.
D. owners have direct and immediate control over daily management of the business.
Answers
Answer:
C. Owners have limited liability for debt
People who often create benefits for the minority and impose the cost on the majority are called: a. Special-interest groups. B. Laissez-faire groups. C. Encounter groups. D. Fair-interest groups
Answers
People who often create benefits for the minority and impose the cost on the majority are called: Special-interest groups.
A minority group, by its original description, refers to a group of people whose practices, race, religion, race, or other characteristics are smaller in figures than the main groups of those classifications.
Absolute maturity- a seeker must gain over half of the votes cast, or 50 plus 1 vote. good maturity( QMV)- a seeker or resolution must gain further than just an absolute maturity, similar to over 60. This gives the nonage the capability to blackball a seeker or resolution.Learn more about minorities here: https://brainly.com/question/3711073
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Whether risk is present in employment
Answers
Answer:
Step by step explanation