Reference no: EM13747239
The Raleigh Company is located in North Carolina and uses predetermined overhead rates to apply manufacturing overhead costs to jobs. The predetermined overhead rate is based on machine hours in Department A and direct labor costs in Department B. At the beginning of the year, the company made the following estimates:
Dept A : Direct Labor Cost : $65,000 Dept B : $40,000
Dept A : Manufacturing Overhead : $87,000 Dept B : $50,000
Dept A : Direct Labor Hours : 8,000 Dept B : 10,000
Dept A : Machine Hours : 3,000 Dept B : 12,000
Raleigh recently received an order from a company in Vermont. The expected cost of this job is :
Dept A : Direct Materials : $10,000 Dept B : Direct Materials : $700
Dept A: Direct Labor Cost : $7,000 Dept B: $3,500
Dept A : Direct Labor Hours : 500 Dept B: 600
Dept B : Machine Hours : 100 Dept B : 435
Question: What is the estimated total cost of this job?
A) 7275.00 B) 28,475.00 C) 10,500.00 D) 10,700.00
|
Inclusion would have an antidilutive effect
: In periods when we recognize a net loss, we exclude the impact of outstanding stock awards from the diluted loss per share calculation as their inclusion would have an antidilutive effect.
|
|
What is the carrying value of the asset
: Cany Company uses special strapping equipment in its packaging business. The equipment was purchased in January 2013 for $8,000,000 and had an estimated useful life of 8 years with no salvage value. At December 31, 2014, new technology was introduced..
|
|
Perform to test the correctness of pricing of raw materials
: Mt. Hood Furniture—PPS sampling problem) You have been assigned the task of testing the accuracy of the final inventory compilation for Mt. Hood Furniture. You may assume that you have separately observed the inventory and that you are satisfied that..
|
|
Bond premium and discount by the effective-interest method
: On December 31, 2010, Bible Distributing Company issues 8%, 10-year convertible bonds with a maturity value of $700,000. The semiannual interest dates are June 30 and December 31. The market interest rate is 9%, and the issue price of the bonds is 94..
|
|
Predetermined overhead rates to apply manufacturing overhead
: The Raleigh Company is located in North Carolina and uses predetermined overhead rates to apply manufacturing overhead costs to jobs. The predetermined overhead rate is based on machine hours in Department A and direct labor costs in Department B. At..
|
|
Computing liquidity ratios
: The quick ratio is quite a bit lower than the current ratio, so inventory seems to be an important component of current assets
|
|
Marketing managers recommendation is adopted
: Bismarck Corporation has a single product whose selling price is $19. At an expected sales level of $1,840,000, the company's variable expenses are $560,000 and its fixed expenses are $300,000. The marketing manager has recommended paying a sales com..
|
|
Fixed manufacturing overhead costs
: Fixed manufacturing overhead costs are $100,000 per year. The company has received a special order request to sell an additional 8,000 units. The special order units will not incur a $2 per unit variable shipping cost that is associated with regular ..
|
|
What role does temperature have on fertilization
: When is the best time for a woman to get pregnant; right before or after menses? What role does temperature have on fertilization
|