Perdon Corporation manufactures safes-large mobile safes, and large walk-in stationary bank safes. As part of its annual budgeting
process, Perdon is analyzing the profitability of its two products. Part of this analysis involves estimating the amount of overhead to be
allocated to each product line. The information shown below relates to overhead.
Mobile Safes Walk-in Safes
200
50
300
200
Units planned for production
Material moves per product line
Purchase orders per product line
Direct labor hours per product line
450
350
800
1,700
(a)
* Your answer is incorrect.
The total estimated manufacturing overhead was $280,000. Under traditional costing (which assigns overhead on the basis of
direct labor hours), what amount of manufacturing overhead costs are assigned to: (Round answers to 2 decimal places, eg. 12.25.)
(1)
One mobile safe
$
350
per unit
(2)
One walk-in safe
$
1647
per unit
Answers
Under the traditional costing method (which assigns overhead on the basis of direct labor hours), the amount of manufacturing overhead costs assigned to the following by Perdon Corporation are:
1) One mobile safe $448 per unit
2) One walk-in safe $3,808 per unit
What is a predetermined overhead rate?A predetermined overhead rate is used by the traditional costing method, unlike the Activity-based costing system (ABC), which uses activity drivers and cost pools.
The traditional costing method assigns overhead costs based on a companywide cost driver, for example, direct labor hours.
Data and Calculations:Total overhead = $280,000
Mobile Safes Walk-in Safes Total
Units planned for production 200 50 250
Material moves per product line 300 200 500
Purchase orders per product line 450 350 800
Direct labor hours per product line 800 1,700 2,500
Predetermined overhead rate per direct labor hour = $112 ($280,000/2,500).
Total overhead costs assigned to $89,600 $190,400
($112 x 800) ($112 x 1,700)
Overhead per unit $448 $3,808
($89,600/200) ($190,400/50)
Thus, under the traditional costing method, the amount of manufacturing overhead costs assigned are $448 per unit of Mobile Safe and $3,808 per unit of Mobile Safe.
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Related Questions
In a company's first year in operation, it made an annual profit of \$379,000$379,000. The profit of the company increased at a constant 27% per year each year. How much total profit would the company make over the course of its first 16 years of operation, to the nearest whole number
Answers
The amount of total profit that the company would make over the course of its first 16 years of operation is $62,885,046.
What is future value?The future value of the profits earned over 16 years can be computed as the first year's profit of $379,000 multiplied by the future value annuity factor at 27% for 16 years.
Alternatively, the future value can be computed using an online finance calculator as below.
Data and Calculations:N (# of periods) = 16 years
I/Y (constant increase in profit per year) = 27%
PV (Present Value) = $0
PMT (Periodic Payment or Annual profit in the first year) = $379,000
Results:FV = $62,885,046.22 ($6,064,000 + $56,821,046.22)
Sum of all periodic payments = $6,064,000 ($379,000 x 16)
Constant increase in profit = $56,821,046.22
Thus, the amount of total profit that the company would make over the course of its first 16 years of operation is $62,885,046.
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Gathering testimonials when preparing for a sales presentation can be helpful in overcoming customer
Answers
Answer:
objections
Explanation:
salespeople should
know the product's benefits
making a presentation around what the customer wants
gathering customer reviews
quizletcom250953849mgmtchapter16learnsmartflashcards
What kind of bonds are issued by businesses as a source of long-term funding?
Answers
Corporate bonds are issued by companies.
general obligation bondsrevenue bondsconduit bondsExplanation
Corporate bonds are debt securities issued by private and public corporations.
Describe and evaluate the elements of the carrying cost of inventory and how it relates to inventory levels and capital investment. How does ABC inventory stratification affect the carrying cost equation
Answers
1. The elements of the carrying cost of inventory include the following:
Capital costInventory service costInventory risk costStorage space cost.2. The relationship between the carrying cost of inventory and the inventory levels and capital investment is shown by the Economic Order Quantity (EOQ) Model.
The EOQ model defines that there will be an increased carrying cost of inventory when the inventory order is above the EOQ level, which also results in increased capital investment for the purchase of inventory that is kept in stock for a long period.
Thus, the carrying cost of inventory and the inventory levels and capital investment have a linear relationship. When one element increases, the other two elements will also increase.
3. ABC Inventory stratification helps management to reduce the carrying cost equation since it divides the inventory into many classifications to ensure the matching of inventory levels based on their annual requirements or demand.
What is inventory?Inventory refers to the stock of goods that a company holds at the end of the trading period because it has remained unsold to outside parties.
Inventory is one of the current assets used in determining the current ratio.
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In the project initiation phase, which document contains high-level details of the proposed project? A. project plan B. project proposal C. business justification D. proposal summar
Answers
In the project initiation phase, the project proposal is known to contains high-level details of the proposed project.
What is a project proposal?This is a project document that is known to carry all of the details that the project is supposed to have.
The proposal is known to have an outline of all that the stakeholders need to know about the work that is to be done.
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Answer:
The answer is B. project proposal
Explanation:
Dividends
Question 3 Attached
Answers
What button is used to format table text to make it interesting
Answers
Answer:
The table style 'Shading' button.
Match Panel B with Panel A.
Panel A
1-Private sector
2-incorporated business
3-unincorporated business
4-sued
5-legal person
6-Types of businesses
Panel B
A. Private business
B. Sector of businesses set up by individuals or
groups of individuals.
C. Business organization types
D. Public company or corporation.
E. Responsibility and liability as a person.
F. Taken to court or can be accused.
Answers
Answer:
1,D2,A3B4C5,E6F the answer of this question is this
In the state of Texas, an additional license is required for barber instructors.
True
False
Answers
Individuals are no longer required to have instructor licenses to teach courses in licensed barber or cosmetology schools in Texas. Individuals teaching courses at a licensed barber or cosmetology school in Texas must have a TDLR barbering or cosmetology license in the specialty area they will be teaching.
Based on what you see in the Employee Complaint Log, what type of culture has HyrdoHealth been exhibiting?
Answers
Answer:
organization has a team oriented culture because it is collaborative and values teamwork and cooperation among employees.
Explanation:
hope this helps if not please let me know
_____ requires that employees actually learn the content of the training program and that the necessary conditions are in place for employees to apply what they learned.
Answers
The requirement that employees actually learn what they are trained on and can apply that training is known as Transfer of training.
What is transfer of training?This is a factor in human resource management that calls for employees to be able to transfer what they learnt in training, to their actual jobs.
For this to happen, the employees need to actually learn the content of training programs as well as operate in conditions that are necessary for them to apply what they learned.
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In case of futures, the counterparty guarantee provided by the exchange.(True/False)
Answers
(True)
Hace a nice day and i hope it helps!!
Simplify by combining like terms. (a) 6x+8x
Answers
Answer:
14x
Explanation:
6+8=14
6x+8x=14x
In a market economy, which of the following is NOT an accepted role of government?
A
protecting consumers
B
enforcing property rights
C
controlling production and consumption
D
providing for national defense
Answers
Answer:
providing for national defense
Explanation:
yes
When a corporation issues bonds, the price that investors are willing to pay for the bonds depends on all of the following EXCEPT
the periodic interest to be paid on the bonds.
the call price of the bonds.
the face amount of the bonds.
the market rate of interest.
Answers
When a corporation issues bonds, the price that investors are willing to pay for the bonds depends on all the following except the call price of the bonds. Thus, option second is correct.
What is bonds?A bond is a debt made by an investor to a borrower, such as a corporation or the government. The borrower utilizes the funds to support company activities, while the investor earns interest on his or her investment. A bond's market value might fluctuate over time.
Supply and demand, time to maturity, and credit quality are the three key effects on bond price on the open market. Bonds with lower prices have greater yields. Investors should also be mindful of how a call feature affects bond pricing.
The call price (sometimes known as the "redemption price") is the price at which an issuer has the right to purchase back a callable instrument from an investor or creditor. Call prices are frequently seen in callable bonds or callable preferred stock. Hence, option second is correct.
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Mention the things should be considered while selection of profession and formation of plan.
Answers
There are several factors that must be considered when choosing a profession and forming a career plan, such as the personality and interests of the individual.
How to choose the ideal profession?It is essential that the student does in-depth research on the fields of greatest interest, seeking support from sources that explain the professional area, responsibilities and development. It is also helpful to ask yourself a few questions, such as:
What are your interests?What are your skills?How is your personality?What academic training is required?Therefore, the choice of the appropriate profession must be personal and conducted in a consistent manner, as this choice will impact on different areas of the individual's personal and professional life.
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Economic significance of the stages of production
Answers
Stage two is the period where marginal returns start to decrease.
In stage three, marginal returns start to turn negative.
Entries for Factory Costs and Jobs Completed
Entrepreneurial Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $2,740 of indirect materials and $33,140 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form:
Job 301 Job 302
Direct materials $28,340 Direct materials $13,250
Direct labor 10,900 Direct labor 5,600
Factory overhead 5,995 Factory overhead 3,080
Total $45,235 Total $21,930
Job 303 Job 304
Direct materials $40,370 Direct materials $8,160
Direct labor 12,000 Direct labor 1,600
Factory overhead — Factory overhead —
Journalize the summary entry to record each of the following operations for January (one entry for each operation):
Question Content Area
a. Direct and indirect materials used. If an amount box does not require an entry, leave it blank.
Work in Process
Work in Process
Factory Overhead
Factory Overhead
Materials
Materials
Feedback Area
Feedback
a. Record direct materials costs in the work in process account, and indirect materials costs in the factory overhead account.
Question Content Area
b. Direct and indirect labor used. If an amount box does not require an entry, leave it blank.
Work in Process
Work in Process
Factory Overhead
Factory Overhead
Wages Payable
Wages Payable
Feedback Area
Feedback
b. Record direct labor costs in the work in process account, and indirect labor costs in the factory overhead account.
Question Content Area
c. Determine the factory overhead applied to Jobs 303 and 304 (a single overhead rate is used based on direct labor cost).
Job 303 $
fill in the blank 632c6b093053fda_1
Job 304 $
fill in the blank 632c6b093053fda_2
Feedback Area
Feedback
Incorrect
Question Content Area
d. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost). If an amount box does not require an entry, leave it blank.
Work in Process
Work in Process
Factory Overhead
Factory Overhead
Feedback Area
Feedback
d. Apply factory overhead based on direct labor costs.
Question Content Area
e. Completion of Jobs 301 and 302. If an amount box does not require an entry, leave it blank.
Finished Goods
Finished Goods
Work in Process
Work in Process
Feedback Area
Feedback
Question Content Area
f. Determine the balance of the work in process account on January 31.
Answers
The entry to record the operations for January is: Debit Work in Process $90,120; Debit Factory Overhead $2,740; Credit Materials $87,380.
Journal entriesa. Debit Work in Process $90,120
($28,340+$13,250+$40,370+$8,160)
Debit Factory Overhead $2,740
Credit Materials $87,380
($90,120-$2,740)
b. Debit Work in Process $30,100
($10,900+$5,600+$12,000+$1,600)
Debit Factory Overhead $33,140
Credit Wages Payable $63,240
($30,100+$33,140)
c. Debit nWork in Process $16,555
(30,100×55%)
Credit Factory Overhead $16,555
Predetermined overhead rate:
Job 301: $5995/$10,900 =55%
Job 302: $3080/$5600=55%
Direct Labour Cost=(10,900 +5600+12000+1600)
Direct Labour Cost=$30,100
d. Debit Finished Goods $67,165
($45,235+$21,930)
Credit Work in Process $67,165
Inconclusion the entry to record the operations for January is: Debit Work in Process $90,120; Debit Factory Overhead $2,740; Credit Materials $87,380.
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Is Starbucks bucking the trend of other food-service stores?
Answers
The role of central bank lending to banks in financial distress is called?
Answers
When the central bank lends to banks in financial distress, this role is known as being the lender of last resort.
What does the Central bank do?The central bank has several duties in the financial system and being the lender of last resort is one of them.
This role calls for them to bail out banks that are going through financial distress by loaning them money. Because they only step in to bail out when things are really bad, they are called the last resort lender.
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As a member of the
organization, you'll have two goals: build
your real-world business skills and develop your problem-solving abilities.
w
National Honor Society
Kiwanis Key Club
DECA
Business Professionals of America
Answers
As a member of the Business Professionals, you'll have to build your real-world business skills and develop your problem-solving abilities.
What is a Social Club?This refers to the gathering of like minds who are together to achieve a set target or goal which is in line with their value system.
Hence, we can see that Business Professionals of America is an example of a social club who trains its members to build real-world business skills and develop their problem-solving abilities.
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What are the main goals of Fiscal Policy?
Answers
Answer:
In economics and political science fiscal policy is the use of government revenue collection and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorized that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation and to increase employment. Additionally, it is designed to try to keep GDP growth at 2%–3% and the unemployment rate near the natural unemployment rate of 4%–5%.This implies that fiscal policy is used to stabilize the economy over the course of the business cycle.
Explanation:
hope this helps if not please let me know
The main goals of fiscal policy are it is the use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty.
What is fiscal policy?Fiscal policy is defined as the policy under which the government uses the instrument of taxation, public spending and public borrowing to achieve various objectives of economic policy. Simply put, it is the policy of government spending and taxation to achieve sustainable growth.
Fiscal policy is often contrasted with monetary policy which is regulated by the central bank. It is largely inspired by the ideas of British economist John Maynard Keynes whose theories were developed in the response to the Great Depression and were hugely influential in the formulation of the New Deal in the U.S. that aimed at huge spending for public projects and social welfare development.
When policymakers want to influence the economy, they mainly have two tools at their disposal, Monetary policy and Fiscal policy.
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Financial accounting
Answers
Answer:
What is the radius if the diameter is 12 meter
Suppose the government has determined that the socially optimal quantity of chemical pollution is 175 million tons per day. One way governments can charge firms for pollution rights is by imposing a per-unit tax on emissions. A tax (or price in this case) of $45 per ton of chemicals emitted will achieve the desired level of pollution. Now suppose the U.S. government does not know the demand curve for pollution and, therefore, cannot determine the optimal tax to achieve the desired level of pollution. Instead, it auctions off tradable pollution permits. Each permit entitles its owner to emit one ton of chemicals per day. To achieve the socially optimal quantity of pollution, the government auctions off 175 million pollution permits. Given this quantity of permits, the price for each permit in the market for pollution rights will be
Answers
Given this quantity of permits, the price for each permit in the market that the U.S government should charge for pollution rights will be $45 as this ensures the socially optimal quantity of pollution, which could have been imposed as a tax.
What are pollution rights?Pollution rights are the rights given to firms in an economy to buy and sell government-issued licenses or permits.
Pollution rights or permits grant the holders the right to create and release a certain amount of pollution that achieves the socially optimal quantity.
Thus, given the number of permits, the price for each permit in the market that the U.S government should charge for pollution rights will be $45.
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Which of the following prints money to
be used in the U.S. market?
A. Member Banks
B. Federal Reserve Banks
C. Federal Open Market Committee
D. National Bank
Answers
Answer: The answer is C
Answer:
C. Federal Open Market Committee
Growland is a country that trades only with Canada. Last year, the value of exports from Growland to Canada was $200 million. Growland also
imported $600 million worth of goods from Canada. Based on this information, which of these statements is true?
Answers
Answer:
growling imports 400million good in trade than Canada
If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding? Why? (3-6 sentences. 2.0 points)
Answers
Answer:it is B
Explanation:its the mosr resonable
Which of the following best describes how a condominium is owned?
O A. A group of partners own the building and rent each apartment to
the residents.
O B. The residents of a condominium are shareholders in a corporation
that owns the building.
C. A condominium is an apartment that is owned by the resident
rather than a landlord.
O D. Condominiums are apartments owned by a landlord who charges
rent to the residents.
Answers
Answer: A condominium is an apartment that is owned by the resident rather than a landlord.
so it would be O. A
Question 1
Which of these is a main feature of the market economy?
A. Restricted resource use
B. The profit motive
C. Governmental regulation
D. Lack of private ownership of resources
Answers
Answer:
B
Explanation:
What is the final answer
Answers
Answer:
renewable resources = resources that can be replenished
nonrenewable resources = resources that are gone once they are used
producer = person who makes goods or provides services
consumer = person whose wants are satisfied by using goods and services
allocate = distribute
choice = option
