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A plumbing company charges a fixed price of $100 per job and $25 per hour or...
2. Suppose that an electric company charges consumers $.10 per kilowatt hour for electricity for the...
2. Suppose that an electric company charges consumers $.10 per kilowatt hour for electricity for the first 1,000 kilowatt hours used in a month but $.15 for each extra kilowatt hour after that. Draw the budget constraint for a consumer facing this price schedule, and discuss why many individuals may choose to consume exactly 1,000 kilowatt hours.
$18 per hour. old ght ost tes on Fixed cost information: The painting company charges $1200...
$18 per hour. old ght ost tes on Fixed cost information: The painting company charges $1200 per job to cover travel expenses, clothing, cloths, thinner, administration, and soon. ing 2-46 You want a mountain cabin built for weekend trips, A vacations, to host family, and perhaps eventually to retire in. After discussing the project with a local contractor, you receive an estimate that the total con- struction cost of your 2000-ft2 lodge will be $250,000. The percentage of costs is...
If a company has a selling price of $25, variable costs of $10 per unit, and...
If a company has a selling price of $25, variable costs of $10 per unit, and fixed costs of $25,000. Contribution margin is $75,000. How many units did they sell?
Zoe is trying to decide how to divide her time between her job as a wedding photographer, which pays $22 per hour for a...
Zoe is trying to decide how to divide her time between her job as a wedding photographer, which pays $22 per hour for as many hours as she chooses to work, and as a fossil collector, in which her pay depends on both the price of fossils and the number of fossils she finds. Earnings aside, Zoe is indifferent between the two tasks, and the number of fossils she can find depends on the number of hours a day she...
53 Selling price of Job 407 ?? 1 Chapter 2: Applying Excel 3 Data 4 Markup...
53 Selling price of Job 407
??
1 Chapter 2: Applying Excel 3 Data 4 Markup on job cost 75% 7 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 Variable manufacturing overhead per direct labor-hour Department Milling Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 13 14 Cost summary for Job 407 15 Department Milling Assembly 90 20 16 Machine-hours 17 Direct labor-hours 18 Direct materials 19 Direct labor...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Mon...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Mon Fabrication Total 2,500 1,500 4,000 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job P $13,000 $21,000 Job o $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 500 2,300 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate...
Total direct labor-hours:101,000 Total fixed manufacturing overhead cost: $595,900 Variable manufacturing overhead per direct labor-hour: $3.00...
Total direct labor-hours:101,000 Total fixed manufacturing
overhead cost: $595,900 Variable manufacturing overhead per direct
labor-hour: $3.00
loughamy waketech edu My Turbo Tax Login Signint x f Me 2019 Connect Required: Ch 2 Quiz Saved Help Save & Exit Submit Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: points Total direct labor-hours Total fixed manufacturing overhead...
Every ? mark needs a formula, Thanks! 53 Selling price of Job 407 1 Chapter 2:...
Every ? mark needs a formula, Thanks!
53 Selling price of Job 407
1 Chapter 2: Applying Excel 3 Data 4 Markup on job cost 75% 7 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 Variable manufacturing overhead per direct labor-hour Department Milling Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 13 14 Cost summary for Job 407 15 Department Milling Assembly 90 20 16 Machine-hours 17 Direct labor-hours...
A company produces and sells three products. Product 1 Product 2 Product 3 Selling price per...
A company produces and sells three products. Product 1 Product 2 Product 3 Selling price per unit $70 $100 $200 Variable cost per unit $20 $43 $120 Fixed cost per unit $10 $14 $25 Machine hours per unit 5 5 20 This company has enough machine hours to make as many units as it can sell of its two most profitable products. If the company has the opportunity to rent more machine hours, what is the most it would be...
Overhead cost looks to be $25 per machine hour based on March's details XLS 4-27 Job...
Overhead cost looks to be $25 per machine hour based on March's
details
XLS 4-27 Job order costing (LO 5) E. Cain, Ltd. produces decorative lamps in sev styles and finishes. The company uses a job order costing system to accumulate product costs. Because much of the production process is automated, E. Cain, Ltd. has selected machine hours as its overhead application base. In April, E. Cain, Ltd. worked on four jobs. Jobs 78 and 79 were started in March...
2. Suppose that an electric company charges consumers $.10 per kilowatt hour for electricity for the first 1,000 kilowatt hours used in a month but $.15 for each extra kilowatt hour after that. Draw the budget constraint for a consumer facing this price schedule, and discuss why many individuals may choose to consume exactly 1,000 kilowatt hours.
$18 per hour. old ght ost tes on Fixed cost information: The painting company charges $1200 per job to cover travel expenses, clothing, cloths, thinner, administration, and soon. ing 2-46 You want a mountain cabin built for weekend trips, A vacations, to host family, and perhaps eventually to retire in. After discussing the project with a local contractor, you receive an estimate that the total con- struction cost of your 2000-ft2 lodge will be $250,000. The percentage of costs is...
Zoe is trying to decide how to divide her time between her job as a wedding photographer, which pays $22 per hour for as many hours as she chooses to work, and as a fossil collector, in which her pay depends on both the price of fossils and the number of fossils she finds. Earnings aside, Zoe is indifferent between the two tasks, and the number of fossils she can find depends on the number of hours a day she...
53 Selling price of Job 407
??
1 Chapter 2: Applying Excel 3 Data 4 Markup on job cost 75% 7 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 Variable manufacturing overhead per direct labor-hour Department Milling Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 13 14 Cost summary for Job 407 15 Department Milling Assembly 90 20 16 Machine-hours 17 Direct labor-hours 18 Direct materials 19 Direct labor...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Mon Fabrication Total 2,500 1,500 4,000 $10,000 $15,000 $25,000 $ 1.40 $ 2.20 Job P $13,000 $21,000 Job o $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 500 2,300 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate...
Total direct labor-hours:101,000 Total fixed manufacturing
overhead cost: $595,900 Variable manufacturing overhead per direct
labor-hour: $3.00
loughamy waketech edu My Turbo Tax Login Signint x f Me 2019 Connect Required: Ch 2 Quiz Saved Help Save & Exit Submit Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: points Total direct labor-hours Total fixed manufacturing overhead...
Every ? mark needs a formula, Thanks!
53 Selling price of Job 407
1 Chapter 2: Applying Excel 3 Data 4 Markup on job cost 75% 7 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 Variable manufacturing overhead per direct labor-hour Department Milling Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 13 14 Cost summary for Job 407 15 Department Milling Assembly 90 20 16 Machine-hours 17 Direct labor-hours...
Overhead cost looks to be $25 per machine hour based on March's
details
XLS 4-27 Job order costing (LO 5) E. Cain, Ltd. produces decorative lamps in sev styles and finishes. The company uses a job order costing system to accumulate product costs. Because much of the production process is automated, E. Cain, Ltd. has selected machine hours as its overhead application base. In April, E. Cain, Ltd. worked on four jobs. Jobs 78 and 79 were started in March...
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