Hultquist Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates:
Forming Customizing Total
Estimated total machine-hours (MHs) 7,000 3,000 10,000
Estimated total fixed manufacturing/cost $25,900 $7,200 $33,100
Estimated variable manufacturing/cost per MH $2.50 $5.00
During the period, the company started and completed two jobs--Job C and Job L. Data concerning those two jobs follow:
Job C Job L
Direct materials $ 16,900 $ 10,300
Direct labor cost $ 23,600 $ 10,600
Forming machine-hours 1,250 2,000
Customizing machine-hours 1,250 500
Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The amount of manufacturing overhead applied to Job C is closest to: (Round your intermediate calculations to 2 decimal places.)
Answers: 3
Business, 21.06.2019 19:10
If we know that a firm has a net profit margin of 4.6 %, total asset turnover of 0.62, and a financial leverage multiplier of 1.54, what is its roe? what is the advantage to using the dupont system to calculate roe over the direct calculation of earnings available for common stockholders divided by common stock equity?
Answers: 2
Business, 21.06.2019 20:50
Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.
Answers: 3
Business, 22.06.2019 04:30
What is the second step in communication planning? determine the purpose of the message outline the communication for delivery determine the best channel of communication clarify objectives identify the audience
Answers: 2
Business, 22.06.2019 22:30
Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.
Answers: 1
Hultquist Corporation has two manufacturing departments--Forming and Customizing. The company used t...
Biology, 24.02.2022 01:00
World Languages, 24.02.2022 01:00
SAT, 24.02.2022 01:00
History, 24.02.2022 01:00
Computers and Technology, 24.02.2022 01:00
Mathematics, 24.02.2022 01:00
English, 24.02.2022 01:00
Business, 24.02.2022 01:00
History, 24.02.2022 01:00
Computers and Technology, 24.02.2022 01:00
SAT, 24.02.2022 01:00
Business, 24.02.2022 01:00