Homework Answers
Answer is as follows:
1. Margin of safety will increase
Increase in sales volume will lead to increase in revenue which is used to cover break even costs and leads to increase in profits.
Margin of Safety is the excess sales over break even sales. Increase in sales volume leads to increase in Margin of Safety sales.
2. The details about the following are recorded in Job order costing:
Direct Materials, Direct Labour and Factory Overheads
From the given options, the purchase of direct materials and the payment of fire insurance on factory building(factory overhead) are recorded.
3. Predetermined Overhead rate = Estimated Overheads / Estimated labour hours
= $775800 / 36000 hours
= $21.55 per labour hour
Add Answer to:
Sived If sales volume increases and all other factors remain constant, then the Multiple Choice 50:39...
Longobardi Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year....
Longobardi Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor hours for the upcoming year at 30,700 labor-hours. The estimated variable manufacturing overhead was $5.09 per labor-hour and the estimated total fixed manufacturing overhead was $724,827. The actual labor hours for the year turned out to be 27,300 labor-hours. The predetermined overhead rate for the recently completed year was closest...
Longobardi Corporation bases its predetermined overhead rate on the estimated tabor-hours for the upcoming year. At...
Longobardi Corporation bases its predetermined overhead rate on the estimated tabor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 33,500 lobor-hours. The estimated variable manufacturing overhead was $6.37 per labor hour and the estimated total fixed manufacturing overhead was $850,900. The actual labor. hours for the year turned out to be 30,100 labor-hours. The predetermined overhead rate for the recently completed year was closest to:...
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on...
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: Total direct labor-hours 96,000 Total fixed manufacturing overhead cost $499,200 Variable manufacturing overhead per direct labor-hour $ 2.00 Recently, Job P951 was completed with the following characteristics: Number of units in the job Total direct labor-hours Direct materials Direct labor cost 100 100 $ 640 $9,600 The...
TB MC Qu. 2-37 Longobardi Corporation bases its predetermined overhead Longobardi Corporation bases its predetermined overhead...
TB MC Qu. 2-37 Longobardi Corporation bases its predetermined overhead Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 33,500 labor-hours. The estimated variable manufacturing overhead was $6.37 per labor- hour and the estimated total fixed manufacturing overhead was $850,900. The actual labor-hours for the year turned out to be 30,100 labor-hours. The predetermined overhead...
Help Save & Exit Submit A company bases its predetermined overhead rate on the estimated labor-hours...
Help Save & Exit Submit A company bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 30,600 labor-hours. The estimated variable manufacturing overhead was $6.18 per labor-hour and the estimated total fixed manufacturing overhead was $626,076. The actual labor-hours for the year turned out to be 27100 labor-hours. The predetermined overhead rate for the recently completed year...
Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data...
Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead 72,200 $ 3.10 per machine-hour $838,750 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $8.61 per machine-hour $679 per machine-hour $9.30 per machine-hour $1472 per machine-hour Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based...
TB MC Qu. 2-39 (Algo) Brothern Corporation bases its predetermined... Brother Corporation bases its predetermined overhead...
TB MC Qu. 2-39 (Algo) Brothern Corporation bases its predetermined... Brother Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below. Estimates made at the beginning of the year, Estimated machine-hours 31,400 Estimated variable manufacturing overhead $5.66 per machine-hour Estimated total fixed manufacturing overhead $639,618 Actual machine-hours for the year 27,500 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $20.37 per...
1 At a sales volume of 44,500 units, Choice Corporation's sales commissions (a cost that is...
1 At a sales volume of 44,500 units, Choice Corporation's sales commissions (a cost that is variable with respect to sales volume) total $640,800. To the nearest whole cent, what should be the average sales commission per unit at a sales volume of 45,500 units? (Assume that this sales volume is within the relevant range.) 2. Job 910 was recently completed. The following data have been recorded on its job cost sheet: Direct materials $ 2,430 Direct labor-hours 70 labor-hours...
Henkes Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year....
Henkes Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 75,000 labor hours. The estimated variable manufacturing overhead was $10.70 per labor-hour and the estimated total fixed manufacturing overhead was $1.237.500. The actual labor-hours for the year turned out to be 78,100 labor hours. Required: Compute the company's predetermined overhead rate for the recently completed...
Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At...
Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year at 45.900 machine-hours. The estimated variable manufacturing overhead was $7.53 per machine-hour and the estimated total fed manufacturing overhead was $1290,708. The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $35.65 per machine-hour $7.53 per machine-hour $34.65 per machine-hour O $28.12 per...
Longobardi Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor hours for the upcoming year at 30,700 labor-hours. The estimated variable manufacturing overhead was $5.09 per labor-hour and the estimated total fixed manufacturing overhead was $724,827. The actual labor hours for the year turned out to be 27,300 labor-hours. The predetermined overhead rate for the recently completed year was closest...
Longobardi Corporation bases its predetermined overhead rate on the estimated tabor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 33,500 lobor-hours. The estimated variable manufacturing overhead was $6.37 per labor hour and the estimated total fixed manufacturing overhead was $850,900. The actual labor. hours for the year turned out to be 30,100 labor-hours. The predetermined overhead rate for the recently completed year was closest to:...
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: Total direct labor-hours 96,000 Total fixed manufacturing overhead cost $499,200 Variable manufacturing overhead per direct labor-hour $ 2.00 Recently, Job P951 was completed with the following characteristics: Number of units in the job Total direct labor-hours Direct materials Direct labor cost 100 100 $ 640 $9,600 The...
TB MC Qu. 2-37 Longobardi Corporation bases its predetermined overhead Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 33,500 labor-hours. The estimated variable manufacturing overhead was $6.37 per labor- hour and the estimated total fixed manufacturing overhead was $850,900. The actual labor-hours for the year turned out to be 30,100 labor-hours. The predetermined overhead...
Help Save & Exit Submit A company bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 30,600 labor-hours. The estimated variable manufacturing overhead was $6.18 per labor-hour and the estimated total fixed manufacturing overhead was $626,076. The actual labor-hours for the year turned out to be 27100 labor-hours. The predetermined overhead rate for the recently completed year...
Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead 72,200 $ 3.10 per machine-hour $838,750 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $8.61 per machine-hour $679 per machine-hour $9.30 per machine-hour $1472 per machine-hour Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based...
TB MC Qu. 2-39 (Algo) Brothern Corporation bases its predetermined... Brother Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below. Estimates made at the beginning of the year, Estimated machine-hours 31,400 Estimated variable manufacturing overhead $5.66 per machine-hour Estimated total fixed manufacturing overhead $639,618 Actual machine-hours for the year 27,500 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $20.37 per...
Henkes Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 75,000 labor hours. The estimated variable manufacturing overhead was $10.70 per labor-hour and the estimated total fixed manufacturing overhead was $1.237.500. The actual labor-hours for the year turned out to be 78,100 labor hours. Required: Compute the company's predetermined overhead rate for the recently completed...
Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year at 45.900 machine-hours. The estimated variable manufacturing overhead was $7.53 per machine-hour and the estimated total fed manufacturing overhead was $1290,708. The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $35.65 per machine-hour $7.53 per machine-hour $34.65 per machine-hour O $28.12 per...
Most questions answered within 3 hours.
-
Please help me with FLOWCHART and UML diagram for class,
thank you!
#include <iostream>
#include <fstream>...
asked 9 minutes ago -
3. Describe the “logic circuit” of the Lac operon. Which
proteins are bound or not to...
asked 10 minutes ago -
Ayesha’s adjusted gross income is $60,000 in 2019. She donated a
piece of artwork with a...
asked 16 minutes ago -
For Dijkstra’s shortest path algorithm:
a. Give the Big-O time for Dijkstra’s shortest path algorithm
and...
asked 28 minutes ago -
Phosphorus violates the 'octet rule' in biological molecules,
forming more covalent bonds than expected based on...
asked 32 minutes ago -
A 1.3 eV electron has a 10-4 probability of tunneling
through a 2.4 eV potential barrier....
asked 50 minutes ago -
What is the one ingredient that is common to being successful
with all stakeholders?
profit
trust...
asked 49 minutes ago -
Write an assembly language 32 bit program that reads in lines of
text by a .txt...
asked 52 minutes ago -
what is the density ( in g/L) of hydrogen gas at 29 degrees C and a...
asked 1 hour ago -
5-6. You are considering three investment alternatives for some
spare cash: Old Reliable Corporation stock (A1),...
asked 52 minutes ago -
Problem 16-02
Receivables Investment
Medwig Corporation has a DSO of 45 days. The company averages
$7,250...
asked 1 hour ago -
Mr. Brown hired Lowe's Maintenance Services Limited to repair
and paint the exterior wall of his...
asked 1 hour ago