A company calculated the predetermined overhead based on an estimated overhead of $70,000, and the activity for the cost driver was estimated as 2,500 hours. If Product A utilized 1,350 hours and Product B utilized 1,100 hours, what was the amount of overhead assigned to the products

Answers

Answer 1

Answer:

$68,600

Explanation:

Activity Based Overhead Rates = Estimated Overhead / Expected Use of Cost Drivers per Activity (Hours)

Activity Based Overhead Rates = $70,000 / 2,500

Activity Based Overhead Rates = $28

Overhead Assigned = Overhead Rate * Hours Utilized

Product A Overhead Assigned = $28 * 1,350 hours

Product A Overhead Assigned = $37,800

Product B Overhead Assigned = $28 * 1,100 hours

Product B Overhead Assigned = $30,800

Total Overhead Assigned = Product A Overhead Assigned + Product B Overhead Assigned

Total Overhead Assigned = $37,800 + $30,800

Total Overhead Assigned = $68,600


Related Questions

The term value chain refers to the idea that a company is: Group of answer choices The producer of a series of customer-valued products that are linked together. A series of activities that transform inputs into products that customers value. A collection of various products and their attributes. One of a series of economic functions.

Answers

Answer:

A series of activities that transform inputs into products that customers value.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, etc.

The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.

Hence, the term that refers to the first level of a product, which depends on the customer value it generates is generally referred to as a core benefit. For example, a hotel provides a comfortable and convenient bed to spend the night (sleep) when you travel for a vacation.

On a related note, a value chain refers to the idea that a company is a series of activities that transform inputs into products that customers value.

An electronics store located in Los Angeles, California, purchases electronics from an electronics corporation located in San Antonio, Texas. On January 19, the electronics store mailed to the corporation an order for $200,000 worth of electronics, specifying that delivery was to be no later than February 25, F.O.B. South Texas Railroad Depot, San Antonio, Texas. The corporation delivered the electronics to the railroad depot on February 15 and notified the electronics store by fax that its order was scheduled to arrive at the Southern Pacific Railroad Depot in Los Angeles on February 20. On February 17, the corporation learned that the electronics store was insolvent. The corporation demands immediate payment in cash for the electronics. Is this demand permissible

Answers

Answer: Yes because the electronics store is insolvent.

Explanation:

Since the corporation learned that the electronics store was insolvent, and the corporation demands immediate payment in cash for the electronics, the demand is permissible because the electronics store is insolvent.

In this case, the electronic store is insolvent and therefore, unable to pay the debts that are owed and therefore, the demand is permissible in this case.

The Learner Company uses the weighted average method. Learner's beginning work in process consists of 6,600 units (100% complete with respect to materials and 60% complete with respect to conversion costs). The number of units completed during the period is 126,000. The ending work in process consists of 10,500 units (100% complete with respect to materials and 30% complete with respect to conversion costs). What are the equivalent units of production with respect to conversion costs

Answers

Answer: 129150

Explanation:

Based on the information given in the question, the equivalent units of production with respect to conversion cost will be calculated thus:

Equivalent Units = Units Completed + Units in EWIP × Fraction of conversion cost

= 126,000 + (10,500 × 0.30)

= 126,000 + 3150

= 129,150 units

Therefore, the equivalent units of production with respect to conversion costs is 129150 units

Suppose that eight workers can manufacture 70 radios per day and that nine workers can manufacture 90 radios per day. If radios can be sold for $20 each, the value of marginal product of the ninth worker is a. $200. b. 20 radios. c. 90 radios. d. $400.

Answers

Answer:

d. $400.

Explanation:

The computation of the  value of marginal product of the ninth worker is given below:

= (90 radios × $20) - (70 radios × $20)

= $1,800 - $1,400

= $400

Hence, the value of marginal product of the ninth worker is $400

Therefore the option d is correct

What is the difference between productive and service oriented professions Explain with examples​

Answers

Answer:

Explanation:

Product vs Service Business

While it may seem to go against traditional thinking, in some ways there is very little difference between product based and service based companies. In actuality, both sell a product. The distinction between the two is that the product business sells a physical, tangible product, while the service business owner sells his skills as the primary product. In the service-based business, customers purchase the skills of a service provider or owner, such as a plumber or lawyer, This type of business has a strong emphasis on the client relationship and makes the customer's user experience very important. Product-based businesses, on the other hand, deliver physical products that are reasonably consistent in quality for each customer, making the customer experience fairly predictable.

Local or Global Consumer Markets

In general, when consumers are looking for new solutions they try to distinguish the different services/products of business and industry in the locality where they reside. As such, businesses need to target their product and service based businesses to the appropriate markets. Consumers located anywhere in the global market can purchase a product via the internet as long as they can have their purchase delivered locally and cost effectively. However, most service businesses can only provide services to customers within their local target market. For example, while a computer store can ship computers all over the world, a hairstylist will only attract clients within a reasonable driving distance from her home or business. As a result, businesses need to consider how their customer base will influence their marketing efforts.

pl. make it as brainliest if it's helpful to you...!!

Mutt and Jeff each have a 50% interest in Keni Partnership. The partnership and the individuals file on a calendar-year basis. For its Year 4 tax year, Keni had a $30,000 loss. Mutt's adjusted basis in the partnership interest on January 1, Year 4, was $8,000. In Year 5, Keni partnership had a profit of $28,000. Assuming that there were no other adjustments to Mutt's basis in the partnership in Year 4 and Year 5, what amount of partnership income (loss) would Mutt show on his Year 4 and Year 5 individual income tax returns

Answers

Answer:

A partner's distributive share of partnership loss is allowed only to the extent of the adjusted basis of the partner's partnership interest:

Computation:

Year 4 Year 5

Mutt's share of profit(loss) at 50% ($15,000) $14,000

Basis 8,000 0

Unallowed loss (carryover) ($ 7,000) ($ 7,000)

Taxable income(loss) allowed ($ 8,000) $ 7,000

acc 450 Anderson embezzled $20,000 from her company's account in Bank X. At year-end, she hid the shortage by making a deposit on December 31 in Bank X, drawn on Bank Y. She has not recorded the transaction on the books. This is an example of:

Answers

It is an example of kiting.

The following information should be related to kiting:

Kiting is an act that is to be done intentionally while writing a check for the amount i.e. more than the account balance in one bank as compared with the other account in other banks.It is to be done in the case when there is no sufficient balance in the bank having the second check that covers up the inexistence funds from the first account in the bank.

Therefore we can conclude that it is an example of kiting.

Learn more about the deposit here: brainly.com/question/2507231

Which of the following should be included in the acquisition cost of a piece of equipment?

Answers

Answer: All of these choices are correct.

Explanation:

You didn't give the options to the question. The options include:

testing costs prior to placing the equipment into production

transportation costs

installation costs

All of these choices are correct.

Acquisition cost, is the total cost that is recognized by a company on its books for the purchase of an asset. These costs include the transportation cost, installation cost, shipping cost, testing costs, sales taxes, customs fees, etc.

Therefore, based on the explanation, the correct option is All of the choices are correct.

3. A fine-dining restaurant has been making every- thing from scratch for the five years it has been open; it is the only operation in the area known for scratch- cooking. The management hires a new chef who does a make–buy analysis only to discover that she can get much better pricing on many of her products if she buys them premade. After a tasting comparison, she discovers that the premade products are of high quality and taste only slightly different from her own. Should she switch to the premade products? Would your answer be different if this decision took place when the restaurant first opened?

Answers

Answer:

No

Explanation:

The premade products could have been contaminated with any type of disease because she doesn't know what went inside whereas making it from scratch means she is able to monitor and remove and contaminated product.

:)

The United States has accused China of Multiple Choice contributing to the skyrocketing price of aluminum. reducing barriers in the financial sector, but not in the steel industry. facilitating its own textile industry at the expense of the United States exacerbating the global glut of steel by investing in additional production. encouraging cloud computing firms to export their services to China but not to invest.

Answers

Answer:

exacerbating the global glut of steel by investing in additional production.

Explanation:

The United States Government under President Trump accused China of promoting overcapacity in production of steel and aluminium (that is industrial overcapacity).

This over-production of steel has distorted the global market by facilitating excess exports.

However China has been taking steps to reduce excess steel production although such efforts have been inadequate.

Even less has been done about the overproduction in the aluminium industry

Explain the tradeoffs involved in setting an ideal level of inventory for a
particular product. What are the costs if too much is maintained? What are
the costs if too little is maintained?

Answers

Too much inventory ties up capital which could otherwise be used for purposes such as research and development, marketing and sales, stockholder dividends, salary increases, etc.

The more inventory a company holds, the more space is needed, and space costs money

Too little? Less money and less product being sold.

Johnson- Schmitt gave several dogs to Dispenza to find good homes for them. Dispenza did not find good homes for them, but rather kept them on his property in such deplorable conditions that they were eventually seized by the sheriff, turned over to the local SPCA, and adopted out to other families. Johnson- Schmitt later sued the county claiming unlawful conversion of her property( the dogs). Did Johnson- Schmitt have any property right in the dogs at the time they were seized?

Answers

Answer:

John-Schmitt had property right in the dogs at the time they were seized.

She had the right to dispose of her private property (dogs) and also to delegate Dispenza to dispose of her property (dogs).  She was still in this right of disposition to her property before they were seized.  Therefore, she could sue the country (right to property right enforcement) for unlawful conversion of her dogs.

Explanation:

The right of disposition or transferability is one of the property rights, including the right of possession, the right of control, the right of exclusion, the right of enforcement, and the right to derive income from the property.  The right of transferability means that property rights should be transferable from one owner to another in a voluntary exchange.  She can enforce her property rights.

Suppose Jim goes door-to-door selling vacuum cleaners at an amazing discount. To obtain the discount, customers must pay immediately, and the vacuum cleaner will be delivered to them in three to five business days. However, Jim possesses no vacuum cleaners and does not plan to deliver any. Jim has committed the crime of

Answers

Answer:

false pretense

Explanation:

In criminal law the crime of false pretense is committed when a person get a property or cash through falsehood. In false pretense this money or property is gotten through fraud by misrepresentation.

For example, this salesperson promises to provide vacuum cleaners as an amazing discount. After the customers pay him, we see that he intentionally fails to deliver because he had no vacuum cleaners in the first place.

Alvez Company reports net income of $305,000 for the year ended December 31. It also reports $93,700 depreciation expense and a $10,000 loss on the sale of equipment. Its comparative balance sheet reveals a $40,200 increase in accounts receivable, a $10,200 decrease in prepaid expenses, a $15,200 increase in accounts payable, a $12,500 decrease in wages payable, and a $100,000 decrease in notes payable. Calculate the cash provided (used) in operating activities using the indirect method\

Answers

Answer:

$381,400

Explanation:

Net income for the year                   305,000  

Adjustments to reconcile net income    

Depreciation expense for the year   93,700  

loss on sale of the equipment    10,000  

increase in accounts receivable           -40,200  

Decrease in prepaid expense    10,200  

Increase in accounts payable    15,200  

decrease In wages payable            -12,500  

net cash provided by operating activities            $ 381,400

Evelyn paid a $700 annual premium for a business overhead expense policy that paid a monthly benefit of up to $4,000 for a benefit period of 6 months. When Evelyn became disabled she used the entire benefit for 3 months, which covered $8,000 of employee salaries, as well as $3,000 in rent and utilities. This means that the amount of the benefits which was reported as income equaled ______________.

Answers

Answer:

$12,000

Explanation:

Calculation to determine the benefits which was reported as income

Using this formula

Benefit reported as Net income=Overhead expense policy Monthly benefit

+Entire benefit for 3 months Employee Salaries

Let plug in the formula

Benefit reported as Net income=$4,000+$8,000

Benefit reported as Net income=$12,000

Therefore This means that the amount of the benefits which was reported as income equaled $12,000

A company issued 6,000 shares of stock at $10 each, with a par value of $2.

What amount is debited as Cash?

A. $6,000

B. $66,000

C. $30,000

D. $72,000

Answers

The answer is c $30,000

Answer:

A. 6,000

Explanation:

trust

ABC Enterprises is worth $300,000. There are 3 shareholders and each shareholder is an equal owner of the company. If they establish an entity buy-sell agreement, the entity would have to buy policies in the amount of $____________ on each of the owners.

Answers

Answer:

$100,000 per each owner

Explanation:

Divided by 3. Seems fair

A travel company sells tours in Costa Rica on its website. Instead of designing the website themselves, the company hired an outside software development company to design, run, and manage the website for them. This is an example of Multiple choice question. accessing capabilities through a collaborative partnership. matching organizational structure to strategy. acquiring capabilities through mergers and acquisitions. internal development.

Answers

This would be considered a collaborative partnership since they got help from another software team

what will happen to trade if business is flourishing?​

Answers

Answer:

if the business is florishing, as an example Medical sectors during pandemic they are going to grow till they are in a high demand


1. Give two examples of how life Insurance premiums would be determined based on ageand gender. Explain which type of life Insurance you would
recommend for each situation.

Answers

Answer:

Life insurance is designed to pay out a death benefit to the person or persons you name as beneficiaries when you pass away. In exchange for this coverage, you pay a premium to the life insurance company. In the case of term life insurance, you'd pay these premiums for a set term prescribed by the policy. With permanent life insurance coverage, premiums are due as long as the policy remains in effect

List the steps of the segmenting and targeting process (put the first step on top). Instructions Choice 1 of 5. Select target markets toggle button Select target markets Choice 2 of 5. Group potential buyers into segments toggle button Group potential buyers into segments Choice 3 of 5. Develop a market-product grid and estimate the size of markets. toggle button Develop a market-product grid and estimate the size of markets. Choice 4 of 5. Group products to be sold into categories toggle button Group products to be sold into categories Choice 5 of 5. Take marketing actions to reach target markets toggle button Take marketing actions to reach target markets

Answers

Answer:

1. Group potential buyers into segments.  

2. Group products to be sold into categories.  

3. Develop a market-product grid and estimate the size of markets.  

4. Select target markets.  

5. Take marketing actions to reach target markets.

A subject property has a swimming pool (worth $5,000) and a three-car garage (worth $4,500). Comp property A has a pool only and sold for $452,500. Comp property B has a three-car garage only and sold for $446,000. What adjusted prices should you use for these two comps in a CMA

Answers

Answer and Explanation:

The calculation of the adjusted price that could use for these two comps in a CMA is given below:

For Comp property A, the value of the garage should be

= $452,500 + $4,500

= $457,000

And, for comp property B, the value of the pool should be

= $446,000 + $5,000

= $451,000

In this way, it should be considered

Bob and Sally were recently married. They are currently working on their estate plan. As their Financial Planner, they tell you that Sally is not a citizen of the United States. She is originally from Japan. When you are looking at their estate plan, what type of trust should you include

Answers

What are the choices

Tomorrow is my interview in Lucknow Public School for admission for 9th standard. Can anyone help me by giving some tips and tricks for passing my interview ​

Answers

Just be yourself make sure everyone question you answer is in complete and if they ask you if you have any questions you should ask them bc it makes them know that you're interested

What is Sheil , ????​

Answers

Answer:

1. a pasture or grazing ground. 2. a shepherd's or herdsman's hut or rough shelter on or near a grazing ground. Also: shealing, shiel.

Explanation:

Which of the following is not a form of business combination?: (A) Acquisition. (B) S Corporation. (C) Conglomerate. (D) Merger.

Answers

Answer:

b.corporation is answer

A clearinghouse scam involves a victim receiving: a. a letter that claims he or she has inherited a significant amount of money. b. mail from a known party who claims to have access to large sums of money or assets. c. a letter that falsely claims the writer represents a foreign bank. d. an email containing their Social Security number and/or credit information.

Answers

Answer:

c. a letter that falsely claims the writer represents a foreign bank.

Explanation:

A clearing house is a financial institution that should be created for exchanging the payments, securities, or transactions related to derivates. It stands between the two clearing firms. Its motive is to decrease the member risk that failed to honor the trade settlement liabilities

So the clearing house scam includes the victim that collect the letter in which there is false claims where the writer shows the foreign bank

I need a 7 sentence summary on professional appearance

Answers

Answer:

what does this mean

Explanation:

A monopoly exists when:
(A) A company is larger than all the other companies in the industry combined.
(B) A company produces greater quantities of an item than any other firm.
(C) A company charges higher prices than anyone else for a product.
(D) There is only one supplier of a particular good or service.

Answers

A monopoly exists when a company produces greater quantities of an item than any other firm. Hence, option B is correct.

What is monopoly?

Monopoly is the single seller in the market. Monopoly enjoys the freedom of price variation, as there is no other seller for competition.

The monopoly case is viewed as the polar opposite of perfect competition in conventional economic analysis.

Thus, option B is correct.

For more details about Monopoly, click here:

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Lavanya is a startup founder who is working on the design of a smart bracelet. She needs to sketch out some ideas with a designer who lives in another country and wants to try using an online collaborative whiteboarding program for their design session. Lavanya is nervous about their design ideas being lost or getting into the wrong hands, however. Which of these is not a way that the whiteboarding data could be lost or stolen

Answers

Answer:

Wow design is sweet on the bracelet

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