The following are two of the jobs completed during the year

Assignment Help Accounting Basics
Reference no: EM131020701

Leo Company has identified the following overhead costs and cost drivers for next year:

Overhead Item

Expected Costs

Cost Driver

Maximum Quantity

Setup costs

$1,152,000

Number of setups

4,800

Ordering costs

320,000

Number of orders

40,000

Maintenance

1,600,000

Machine-hours

64,000

Power

160,000

Kilowatt-hours

400,000

The following are two of the jobs completed during the year:

 

Job 201

Job 202

Direct materials

$18,000

$20,000

Direct labor

$24,000

15,000

Units completed

750

600

Direct labor-hours

180

220

Number of setups

12

15

Number of orders

16

30

Machine-hours

360

300

Kilowatt-hours

180

240

Determine the unit cost for each job using the four cost drivers. (Round amounts to 2 decimal places.)

Reference no: EM131020701

Questions Cloud

Calculate the future value of this ordinary annuity : You decide to begin saving towards the purchase of a new car in 5 years. If you put $1,000 at the end of each of the next 5 years in a savings account paying 6% compounded annually, how much will you accumulate after 5 years? Calculate the future val..
Compute expected share price-the projected beta of the firm : Suppose the dividends for the Seger Corporation over the past six years were $1.21, $1.29, $1.38, $1.46, $1.56, and $1.61, respectively. Compute the expected share price at the end of 2014 using the perpetual growth method. Assume the market risk pre..
What are the costs of visit from the perspective of society : A practice uses $40 worth of a dentist’s time, $30 worth of a hygienist’s time, $10 worth of supplies, and $15 worth of a billing clerk’s time to produce a visit. The practice charges a patient $25 and charges her insurer $70. The insurer spends an a..
Calculate the best-case and worst-case npv figures : We are evaluating a project that costs $924,000, has an eight-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 75,000 units per year. Price per unit is $46, va..
The following are two of the jobs completed during the year : Leo Company has identified the following overhead costs and cost drivers for next year:
What must the liquidating dividend be : JJ Industries will pay a regular dividend of $0.75 per share for each of the next four years. At the end of four years, the company will also pay out a liquidating dividend. If the discount rate is 12 percent, and the current share price is $75, what..
What is the duration of this bond : A bond currently sells for $1,030, which gives it a yield to maturity of 6%. Suppose that if the yield increases by 30 basis points, the price of the bond falls to $990. What is the duration of this bond?
Zero coupon bond-what was your total return for past year : You purchased a zero coupon bond one year ago for $173.85. The market interest rate is now 9 percent. If the bond had 20 years to maturity when you originally purchased it, what was your total return for the past year? Assume semiannual compounding. ..
Bountiful company had the following functional : Bountiful Company had the following functional income statement for the month of May, 2011:

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd