Reference no: EM132531838
Question - A company reported the following information for the production and sale of 600,000 gallons of oil:
Sales $2,100,000
Production costs:
Direct materials $500,000
Direct labor 800,000
Applied overhead (using ABC)
Overhead based on number of gallons 390,000
Overhead based on number of batches 150,000
Overhead based on number of machine hours 270,000
Total Production costs 2,110,000
Gross profit ($ 10,000)
Overhead was applied based on the following predetermined overhead rates:
$0.65 per gallon
$400 per batch
$90 per machine hours
Required - What would be the gross profit if the company increased the selling price per gallon by $0.15?
|
What is the islam and deegan article about
: What is the Islam and Deegan (2010) article about? Now what to do with that knowledge or understanding? So what does it mean?
|
|
Work involved in the digital forensics world
: The Physical Model was based on the idea that people did not really understand the work involved in the digital forensics world
|
|
Value sensitive design of complex product systems
: Value Sensitive Design of Complex Product Systems: According to Ligtvoet, van de Kaa, Fens, van Beers, Herder, and van den Hoven,
|
|
Why do companies ever need to do a physical count
: Morrow Snowboards implemented, If a perpetual system keeps track of inventory on a daily basis, why do companies ever need to do a physical count?
|
|
What would be the gross profit
: Overhead was applied based on the following predetermined overhead rates: What would be the gross profit if the company increased the selling price
|
|
Find what is the coupon rate on the bond
: 15 years to maturity and is currently valued at $980.50. Investors annual required rate of return is 9%. What is the coupon rate on this bond?
|
|
Letter of bank guarantee with all its 8 provisions
: Could you make me a letter of Bank Guarantee with all its 8 provisions
|
|
What steps companies take to avoid such serious disruption
: JIT (Just-in-time) can save a company a lot of money, What steps might companies take to avoid such a serious disruption in the future?
|
|
What is Owls diluted earnings per share
: On April 30, 2020, Owl issued its only dilutive security, $2,000,000, 6%, 9-year bonds at par, What is Owl's 2020 diluted earnings per share
|