Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:
Total machine-hours
Total fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour 31,400 $219,800 4
Recently. Job T687 was completed with the following characteristics:
Number of units in the job 10
Total machine-hours
Direct materials
Direct labor cost $ 580 $1,160
The total job cost for Job T687 is closest to: (Round your intermediate calculation to 2 decimal places)

Answers

Answer 1

Answer:

$1960

Explanation:

The computation of the total cost is shown below:

Total variable overhead estimated is

= (4 × 31400)

= $125600

Now

total overhead estimated is

= Total variable overhead estimated + Total fixed overhead estimated

= $125600 + 219800

= $345400

Now predetermined overhead rate is

= $345400 ÷ 31400

= $11 per machine hour

Now total overhead applied is

= (11 × 20)

= $220

So,  total job cost is

= Direct material + Direct labor + Total overhead

= (580+1160+220)

 = $1960


Related Questions

in a printing job, the cost of producing a thousand brochures was GH3500.The publisher decided to sell these brochures at 125% gross profit.How much shall he sell each brochure

Answers

1000 Brochures making cost = GH3500

Profit = 125%

= 125/100×3500

= 4375

Profit = 875

Each brochures = 4375/1000

= 4.375

Therefore each brochures will be sold at GH 4.375

Must click thanks and mark brainliest


Year
2016
2017
2018
2019
Cow
P
$300
$350
$370
$380
Q
1000
1050
1100
1200
Bicycle
P
$120
$130
$140
$150
Q
1200
1300
1500
1600

1. Calculate nominal GDP for each year
2. Calculate real GDP for each year
3. Calculate GDP deflator and inflation rate

Answers

Consumer sentiment suddenly crashes below early-pandemic levels in the US #accelerationism

What happens in the foreign exchange market when a surplus of dollars​ exists? When there is a surplus of dollars in the foreign exchange​ market, _______.

Answers

Answer:

prices will decrease

Explanation:

The forex market is balanced when there exists when the quantity supply of any currency is equal to the quantity demanded. If the market has a surplus or shortages the rates will adjust accordingly.

Of all the promotional tools we looked at, which one is the most effective in getting your attention and interesting you in a product? Conversely, which of the tools is something that has a slim to zero chance of reaching you, much less interesting you?

Answers

Answer:

There are basically four tools of promotion namely, Advertisement, public relations, sales promotions, and direct marketing.

Of these, direct marketing will be most effective in capturing my attention while public relations will be less effective to me.

Explanation:

Direct marketing involves establishing direct communication with the potential buyer. It allows for a personal relationship with the buyer. Media such as telemarketing, direct mails, and face-to-face marketing are used to sell the goods. I will be easily convinced because I can easily relate with the person selling the goods and ask questions about the product.

Public relations refers to ways the company formally promotes its image to maintain its customer base. Press release is a measure employed by these companies. I will not be captivated by this because of the formality involved. I believe that through these measures, the company only lets out information they will like you t know.

Carpet Renewal dyes carpets for residential customers. The company is interested in estimating fixed and variable costs. The following data are available for the month of June when 420 carpets were dyed:
Office rent $ 1,250
Depreciation - equipment 900
Cleaning supplies 5,140
Hourly wages 11,000
Transportation (variable) 3,600
Owner’s salary 3,100
Total $24,990
Using account analysis, how much is estimated variable cost per carpet?
a. $59.50
b. $52.12
c. $47.00
d. $38.43

Answers

Answer: c. $47 per carpet

Explanation:

Total variable costs are:

= Cleaning supplies + Hourly wages  + Transportation

= 5,140 + 11,000 + 3,600

= $19,740

The variable cost per carpet is:

= Total variable cost / Number of carpets dyed

= 19,740 / 420

= $47 per carpet

A share of stock sells for $53 today. The beta of the stock is .7 and the expected return on the market is 16 percent. The stock is expected to pay a dividend of $1.00 in one year. If the risk-free rate is 5.2 percent, what should the share price be in one year?

Answers

Answerueueyehrgrgr

Explanation:

The three key pieces of information that are stated on a bond certificate are the: A. stated interest rate, the face value of the bond, and the maturity date. B. market interest rate, the price of the bond, and the maturity date. C. interest payment, the face value of the bond, and the credit rating of the company. D. interest payment, the issue price of the bond, and the credit rating of the company.

Answers

A bond certificate should contain stated interest rate, the face value of the bond, and the maturity date.

A bond certificate simply refers to a certificate of debt which is usually issued either by the government or a corporation. The main idea behind the issuing of a bond certificate is to raise money.  

The bond certificate states the bond details e.g. the bond par value, interest rate, maturity date etc.

In conclusion, the correct option is A.

Read related link on:

https://brainly.com/question/18691234

in partnership businesses.if one partner withdraws part of his salary. How to record it in appropriation account and Current account.??Accounts​

Answers

Answer:

it can be to be and so

Explanation:

The Treaty of Maastricht and the Treaty of Lisbon were indications of __________ within the European Union (EU).
a. a shift toward common external policies.
b. greater political union.
c. increased sovereignty for member countries.
d. a harmonized trade system.
e. less economic structure.

Answers

Answer:

Option B

Explanation:

In simple words, The Lisbon Treaty, often known as the Treaty of Lisbon, revised European Union laws by providing a more centralized administration as well as foreign relations, a suitable mechanism for nations wishing to exit the Community, and a simplified method for implementing new legislation.

Thus, from the above we can conclude that the correct option is B.

The Treaty of Maastricht and the Treaty of Lisbon were indications of within the European Union (EU) is :

B) Greater political union.

European Union

The Treaty of Maastricht and the Treaty of Lisbon were indications of  Greater political union within the European Union (EU) .

The Lisbon Treaty is changed European Union laws by giving a more centralized organization as well as remote relations, a appropriate instrument for countries wishing to exit the Community, and a disentangled strategy for actualizing unused legislation.

Thus, the correct option is B.

Learn more about "Economic Union" :

https://brainly.com/question/7782783?referrer=searchResults

out line four roles played by entrepreneurs in Kenya​

Answers

Answer:

To be a successful entrepreneur it is necessary for the individual to develop essential communication skills, creativity, innovation and the ability to deal with the risks inherent in the business.

A well-positioned and competitive business is one that manages to create value for consumers by offering products and services that satisfy their wants and needs.

In Kenya, entrepreneurship has stood out as a means for citizens to seek employment and income opportunities, especially in opening up trade in products and services.

Entrepreneurship helps a country to develop by moving the economy and improving the population's quality of life, so it is necessary to have government incentives and information available on the subject.

At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $267,000 and Total Liabilities of $103,000. During the year, the company reported total revenues of $314,000 and expenses of $243,000. Also, owner withdrawals during the year totaled $64,000. Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be:

Answers

Answer:

171000

Explanation:

Assets.               267000

-Liabilities.           103000

=owners equity.   164000

+revenues.           314000

-expenses.           243000

-withdrawal.           64000

=ending equity.     171000

Klear Manufacturing sells its plant with a cost of $1.2 million to Burt Company for $1.4 million and immediately leases it back for a 15-year term. The transaction does not meet the revenue recognition criteria under ASC Topic 606. At the inception of the sale and leaseback, Klear should debit cash and credit
a. notes payable.
b. sales revenue.
c. lease liability.
d. the asset.

Answers

Answer:

Klear Manufacturing

At the inception of the sale and leaseback, Klear should debit cash and credit

c. lease liability.

Explanation:

a) Data and Calculations:

Debit Cash $1.4 million Lease Liability $1.4 million

Debit ROU asset $1.4 million Credit Plant $1.2 million Credit Gain from Sale $0.2 million

b) The sale and leaseback creates a right of use asset as well as a lease liability.  Therefore, the Cash account is debited for the cash receipts from the transaction and the Lease Liability is credited.  Also debited is the right of use asset with corresponding credits to the Asset account and Gain from Sale.

Sellograph Corporation reports sales of $10 million for Year 2, with a gross profit margin of 40%. 20% of Sellograph's sales are on credit. Year 1 Year 2 Accounts receivable $ 150,000 $ 170,000 Inventory 900,000 1,000,000 Accounts payable 1,100,000 1,200,000
Accounts receivable days outstanding at the end of Year 2 is closest to:___________
a. 30.6 days.
b. 26.0 days.
c. 27.0 days.
d. 6.1 days.

Answers

Answer: b.

Explanation:

Doanh nghiệp được trích trước tiền lương nghỉ phép của toàn bộ người lao động trong công ty. Đung hay sai

Answers

Answer:

sai

Explanation:

Answer:

Explanation:

Đúng

Tell me about time when you made a mistake how did you find it and what did you do to correct it

Answers

Answer:

Briefly explain what the mistake was, but don't dwell on it.

Quickly switch over to what you learned or how you improved, after making that mistake.

You might also explain the steps you took to make sure that the mistake never happened again.

The primary responsibility for establishing and maintaining internal control rests with
А
The controller
В.
The internal auditor
С
The treasurer
D
Management

Answers

Answer:

D

Explanation:

Management is responsible for establishing and maintaining internal control to achieve the objectives of effective and efficient operations, reliable financial reporting, and compliance with applicable laws and regulations.

A controller b authorities

of $3.00 per unit. The variable cost to manufacture is $2.00 per unit. The monthly fixed costs are $8000. Its current sales are 29,000 units per month. If the company wants to increase its operating income by 20%, how many additional units must it sell

Answers

Answer: 33,200 units

Explanation:

Current operating income = Sales - Variable costs - fixed costs

= (29,000 * 3) - (29,000 * 2) - 8,000

= $21,000

An increase of 20% would be:

= 21,000 * 1.20

= $25,200

The number of units that must be sold is:

= (Fixed costs + Required profit) / Contribution margin

Contribution margin = Selling price - Variable cost

= 3 - 2

= $1

Number of units to be sold is:

= (8,000 + 25,200) / 1

= 33,200 units

g is considering eliminating the fruit product line. If this line is eliminated, Orange Company will be able to eliminate $74,000 of total fixed costs. By how much would this business decision increase operating income

Answers

The business decision increase the operating income by $16,000

Calculation of impact of net operating income:

The following formula should be used:

= Contribution margin lost + fixed cost savings

= -$58,000 + $74,000

= $16,000

Since fruit product contributed $58,000 so here we eliminated it due to this it has a loss of $58,000 for the orange company

Therefore we can conclude that that the business decision increase the operating income by $16,000

Learn more about the: operating income here: brainly.com/question/13872434

Assume that a firm had shareholders' equity on the balance sheet at a book value of $1,500 at the end of 2010.During 2011 the firm earns net income of $1,900,pays dividends to shareholders of $200,and issues new stock to raise $500 of capital.The book value of shareholders equity at the end of 2011 is:_______.
A) $2,750
B) $250
C) $1,450
D) $3,700

Answers

Answer:

The book value of shareholders equity at the end of 2011 is:_______.

D) $3,700.

Explanation:

a) Data and Calculations:

Beginning shareholders equity book value = $1,500

Net income during 2011 =                                   1,900

Dividends paid to shareholders                          (200)

Issuance of new stock                                          500

Ending shareholders equity book value =     $3,700

b) The book value of equity at the end of 2011 is equal to the book value at the beginning of 2011 plus net income generated during 2011, issuance of new stock, minus dividends paid to shareholders.

MC Qu. 98 Garcia Corporation's April sales forecast... Garcia Corporation's April sales forecast projects that 6,100 units will sell at a price of $10.60 per unit. The desired ending inventory is 10% higher than the beginning inventory, which was 1,100 units. Budgeted purchases of units in April would be:

Answers

Answer:

Total budgeted purchases = $65,826

Explanation:

Budgeted purchases

Sales forecast = 6,100 units

Ending inventory 1,100 * 110% = 1,210 units

Required units = 7,310

- Beginning inventory = 1,100 units

Units to be purchased = 6,210

Cost per unit = $10.60

Total budgeted purchases = $65,826

Nichols Company uses the percentage of receivables method for recording bad debts expense. The month-end accounts receivable balance is $250,000 and credit sales during the month were $1,000,000. Management estimates that 4% of accounts receivable will be uncollectible. The Allowance for Doubtful Accounts has a credit balance of $2,500 before adjustment. The adjusting entry that Nichols must make includes: a. a credit to the allowance for $7,500. b. a credit to the allowance for $30,000. c. a debit to bad debt expense for $10,000. d. a debit to bad debt expense for $40,000.

Answers

Answer: a. a credit to the allowance for $7,500

Explanation:

Estimated Bad Debt = Balance on Account receivable  x bad Debt loss rate =  $250,000 x 4% = $10,000

Allowance for doubtful accounts with  a credit balance of  $2,500  

Allowance for Bad debts expense =Estimated Bad Debt -  Credit balance Allowance for doubtful accounts = $10,000 - $2,500 = $7,500

Account titles and explanation         Debit              Credit

Bad Debt Expense                         $7,500

Allowance for Doubtful Accounts                        $7,500

Data collection tool of a qualitative research

Answers

Answer:

The methods of qualitative data collection most commonly used in health research are document study, observations, semi-structured interviews and focus groups.

Suppose that XYZ Company hires labor and capital in competitive input markets. Assume that labor costs $200 per day and that a unit of capital costs $150 per day. At the current level of production, labor's marginal product is 40 units of output produced per day and capital's marginal product is 30 units of output per day.
a) Given the information provided, is the firm minimizing the cost of current production? Explain why or why not.
b) If the daily wages were to increase, explain the long run adjustments that the firm would likely make in response to the wage increase.

Answers

Answer:

a) Yes, the firm is minimizing the cost of current production. This is because MRPL / w = MRPC / r = 0.20.

b) The long run adjustments that the firm would likely make in response to the wage increase is to use more labor and less capital until MRPL / w = MRPC / r, which is the condition for the cost minimization of a firm.

Explanation:

a) Given the information provided, is the firm minimizing the cost of current production? Explain why or why not.

The condition for the cost minimization of a firm is as follows:

MRPL / w = MRPC / r ……………………………. (1)

Where:

MRPL = Labor's marginal product = 40

w = Cost of labour = $200

MRPC = Capital's marginal product = 30

r = Cost of capital = 150

Therefore, we have:

MRPL / w = 40 / 200 = 0.20

MRPC / r = 30 / 150 = 0.20

Since MRPL / w = MRPC / r = 0.20, this implies that these conditions are consistent with equation (1). Therefore, the firm is minimizing the cost of current production.

b) If the daily wages were to increase, explain the long run adjustments that the firm would likely make in response to the wage increase.

If the daily wages were to increase, the MRPL / w in equation (1) in part a above will fall and we will have:

MRPL / w < MRPC / r …………………… (2)

Since equation (2) is no longer consistent with equation (1), the firm is NOT minimizing the cost of current production.

Therefore, the long run adjustments that the firm would likely make in response to the wage increase is to use more labor and less capital until MRPL / w = MRPC / r, which is the condition for the cost minimization of a firm.

CONCILIACIONES BANCARIAS

Answers

Answer:

ehejejeuywnfwwjwjwhwjegegjshshstehshstejeheteyejuw7yo was a member in its first two seasons of its own and the first team in its history to win the world series 65in 2of 2in 3733333inches the world cup is in its second season as a team that

Question 9 Bond A is zero-coupon bond paying $100 one year from now. Bond B is a zero-coupon bond paying $100 two years from now. Bond C is a 10% coupon bond that pays $10 one year from now and $10 plus the $100 principal two years from now. The yield to maturity on bond A is 10%, and the price of bond B is $84.18. Assuming annual compounding, what is the price of Bond A?

Answers

The price of bond A is $90.91

The computation of the price of bond A is as follows:

= Paying amount × (1 + rate)^-1

= $100 × (1 + 0.10)^-1

= $100 × 1.1^-1

= $90.91

Therefore we can conclude that the price of bond A is $90.91

Learn more about the coupon rate here: brainly.com/question/16913107

In 2012, Wingen Inc. sold 325,000 units at $8 each .Sales volume is expected to increase by 15 percent in 2013 while the price of each unit is expected to decrease by 15 percent. the expected sales revenue for 2013 is a. $373,750 b.$2,541,500 c.$1,878,500 d.$2,990,000

Answers

Answer:

$2541500

Explanation:

Given :

2012 :

Units sold = 325,000

Price per unit = $8

2013 :

Projected increase in volume = 15%

Projected decrease in price = 15%

Expected revenue = sales price * volume sold

Volume in 2013:

Projected Unit sold in 2013 = (1 + 0.15) * 325000 = 373750

units

Projected Price in 2013 = (1 - 0.15) * Price in 2012 = (1 - 0.15) * $8 = $6.80

Expected revenue = $6.80 * 373750 = $2541500

Break-Even Units: Units for Target Profit Jay-Zee Company makes an in-car navigation system. Next year, Jay-Zee plans to sell 16,000 units at a price of $320 each. Product costs include: Direct materials $68
Direct labor $40
Variable overhead $12
Total fixed factory overhead $500,000
Variable selling expense is a commission of 5 percent of price; fixed selling and administrative expenses total $116,400.
Required:
1. Calculate the sales commission per unit sold. Calculate the contribution margin per unit.
2. How many units must Jay-Zee Company sell to break even? Prepare an income statement for the calculated number of units.
3. Calculate the number of units Jay-Zee Company must sell to achieve target operating income (profit) of $333,408.
4. What if the Jay-Zee Company wanted to achieve a target operating income of $322,000? Would the number of units needed increase or decrease compared to your answer in Requirement 3? Compute the number of units needed for the new target operating income.

Answers

Answer:

Jay-Zee Company

1. Sales commission per unit sold is:

= $16.

The Contribution margin per unit is:

= $184.

2. Break-even units are:

= 3,350 units

Income Statement for 3,350 units:

Sales revenue                  $1,072,000 ($320 * 3,350)

Variable cost of goods sold 455,600 ($136 * 3,350)

Contribution margin           $616,400 ($184 * 3,350)

Fixed costs:

Factory overhead              $500,000

Selling and administrative     116,400

Total fixed costs                 $616,400

Net operating income        $0

3. Units to sell to achieve income of $333,408 are:

= 5,162 units

4. The number of units needed would decrease.

The number of units needed for the new target operating income is:

= 5,100 units.

Explanation:

a) Data and Calculations:

Planned sales unit for the next year = 16,000

Sales price per unit = $320

Product costs:

Direct materials      $68

Direct labor             $40

Variable overhead  $12

Total fixed factory overhead $500,000

Variable selling expense = $16 ($320 * 5%)

Fixed selling and administrative expenses = $116,400

Total variable costs per unit = $136

Contribution margin per unit = $184 ($320 - $136)

Total fixed costs = $616,400 ($500,000 + $116,400)

To break-even, units to sell = $616,400/$184 = 3,350 units

Units to sell to achieve a profit target of $333,408:

= $616,400+ $333,408/$184

= 5,162 units

Units to sell to achieve a profit target of $333,408:

= $616,400+ $322,000/$184

= 5,100 units

The following costs were incurred in May:

Direct materials $39,400
Direct labor $34,000
Manufacturing overhead $21,600
Selling expenses $19,700
Administrative expenses $38,600

Conversion costs during the month totaled: ______________

a. $61,000
b. $153,300
c. $73,400
d. $55,600

Answers

Answer:

d. $55,600

Explanation:

Direct Labor = $34,000

Manufacturing Overhead Cost = $21,600

Conversion Cost = Direct Labor + Manufacturing Overhead Cost

Conversion Cost = $34,000 + $21,600

Conversion Cost = $55,600

So, the conversion costs during the month totaled $55,600.

_______ applications allow you to perform tasks on your computer.
Question 5 options:

Desktop

Laptop

Mobile

None of the above

Answers

Answer:

none of the above

Explanation:

cause I think the answer is software applications which isnt on the options.

I hope this helps

Payback Period Payson Manufacturing is considering an investment in a new automated manufacturing system. The new system requires an investment of $1,200,000 and either has: Even cash flows of $800,000 per year or The following expected annual cash flows: $150,000, $150,000, $400,000, $400,000, and $100,000.

Required:
Calculate the payback period for each case.

Answers

Answer:

Assuming cashflows of $800,000 a year:

Payback period = Investment / Stable cashflow

= 1,200,000 / 800,000

= 1.5 years

Assuming uneven cashflows:

Payback period = Number of years before payback year + Cash remaining to be paid / Cashflow in payback period

= 150,000 + 150,000 + 400,000 + 400,000

= $1,100,000

Years before payback year = 4 years

Cash remaining to be paid back = Investment - Cashflow so far

= 1,200,000 - 1,100,000

= $100,000

Payback period = 4 + 100,000 / 100,000

= 5 years

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He soon got his 10 first opportunity at 16 years old,when he wrote music for a movie called Nightbeast. In college, Abrams co-wrote and sold a screenplay to a Hollywoodproduction company. He started gaining popularity for his work, and his next two dramas-Regarding Henry and Forever 15 Young-were hit movies. Abrams continued to write and produce screenplays throughout his 20s, the biggest being Armageddon. But Abrams never lost his passion for the mysterious and wanted to create shows like the ones he enjoyed as a child. His next move was into television in 1998, when he helped create the popular TVseries Felicity. Some of his shows became huge hits, 20 like the spy drama Alias and the Emmy-winningmystery thriller Lost. Abrams made his movie directing debut almost a decade later in 2006, with Mission: Impossible III. He then went on to direct the science fictionmovie Star Trek in 2009. His movie success caught the attention of top filmmaker Steven Spielberg.Together,they created the monster movie Super 8, named for the camera both men experimented with when 25 they were young. The Super 8 camera has proved to be very influential in Abrams' life, but there is another special gift that has helpedAbrams becomewho he is today.Notlongafter the camera, Abrams' grandfather gave him a box of magictricks. Abrams calls it a "mystery box,"because he never opened it. He says he wants to preserve the mystery, and remind 30 himself to create unexpected stories. Tohim, the box "represents infinitel possibility. It represents hope. It represents potential." Abrams has even used the box metaphor to describe movie theaters. "What's a bigger mystery box than a movie theater? Yougoto the theater, you're just so excited to see anything ...mystery boxes are everywhere in what I do."The box remains a source of 35 inspiration for Abrams, and he keeps it on a shelf in his office. At a dinner party in 1994, Abrams met a woman named Katie McGrath and they got married soon after. Today,the couple and their three children live near LosAngeles, California, where Abrams runs his own production company called Bad Robot.He keeps busy, usually working on many projects at once,and is always lookingto create 40 more and more mystery boxes. Read the following sentences. Write true (T) or false (F). 1 F.Abrams mostly wrote screenplays in his 20s. 2 .Abrams compares the movie theater to his Super 8 camera. 3 .Steven Spielberg has worked with Abrams since Abrams' television days. 4 .Abrams works for his wife's production company, Bad Robot. 5 .Abrams likes to work on more than one project at a time. If the premiums are not paid on a Traditional Whole Life policy that has been in force for decades with no loan outstanding, what happens if A={1,2,3} and B={a,b,c} find AB and BA. Also show both of them in arrow diagram. I need for exam find the distance between the points (7,23) and (3,-3), rounded to the hundredths place Read the excerpt from The Odyssey.Now Zeus the lord of cloud roused in the northa storm against the ships, and driving veilsof squall moved down like night on land and sea.The bows went plunging at the gust; sailscracked and lashed out strips in the big wind.We saw death in that fury, dropped the yards,unshipped the oars, and pulled for the nearest lee:then two long days and nights we lay offshoreworn out and sick at heart, tasting our grief,until a third Dawn came with ringlets shining.Which key details should be included in a paraphrase of this passage? Check all that apply.The storm was a direct result of Zeuss fury at the men. For two days and nights, Zeus created a storm at sea.Odysseus and his men feared greatly for their lives.The sails on the ship cracked in the heavy winds.The men felt grief as they lay offshore and waited Please write out, step-by-step, how you obtained the correct answer for this math problem.Jose and Zola want to purchase their first home. Jose makes $23.50 an hour and works 40 hours per week. Zola makes $21.50 an hour and works 40 hours of regular time and 5 hours of overtime a week. They have two car payments totaling $500 a month and one credit card with a minimum payment of $50 a month. What is their combined gross monthly income?(HINT: Remember to assume that overtime is always time and a half unless otherwise specified!!)