Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department’s predetermined overhead rate is based on machine-hours and the Customizing Department’s predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:
Casting Customizing
Machine-hours 15,600 13,600
Direct labor-hours 5,600 6,800
Total fixed manufacturing overhead cost $95,160 $58,480
Variable manufacturing overhead per machine-hour $2.30
Variable manufacturing overhead per direct labor-hour $4.50
During the current month the company started and finished Job T138. The following data were recorded for this job:
Job T138: Casting Customizing
Machine-hours 100 30
Direct labor-hours 12 80
The amount of overhead applied in the Customizing Department to Job T138 is closest to: (Round your intermediate calculations to 2 decimal places.)
a) $264.00
b) $1,048.00
c) $528.00
d) $89,080.00
Answers: 1
Business, 22.06.2019 12:40
Which of the following tasks would be a line cook's main responsibility? oa. frying french fries ob. chopping onions oc. taking inventory of stocked dry goods od. paying invoices
Answers: 2
Business, 22.06.2019 20:40
Consider an economy where the government's budget is initially balanced. the production function, consumption function and investment function can be represented as follows y equals k to the power of alpha l to the power of 1 minus alpha end exponent c equals c subscript 0 plus b left parenthesis y minus t right parenthesis i equals i subscript 0 minus d r suppose that taxes increase. what happens to the equilibrium level of output?
Answers: 1
Business, 23.06.2019 00:00
Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.
Answers: 1
Business, 23.06.2019 00:40
In 2017, "a public university was awarded a federal reimbursement grant" of $18 million to carry out research. of this, $12 million was intended to cover direct costs and $6 million to cover overhead. in a particular year, the university incurred $4 million in allowable direct costs and received $3.4 million from the federal government. it expected to incur the remaining costs and collect the remaining balance in 2018. for 2017 it should recognize revenues from the grant of
Answers: 3
Mahon Corporation has two production departments, Casting and Customizing. The company uses a job-or...
World Languages, 31.07.2021 04:00
English, 31.07.2021 04:00
Mathematics, 31.07.2021 04:00
Mathematics, 31.07.2021 04:00
Computers and Technology, 31.07.2021 04:00
History, 31.07.2021 04:00
Mathematics, 31.07.2021 04:00
Mathematics, 31.07.2021 04:00
Physics, 31.07.2021 04:00
Mathematics, 31.07.2021 04:00
Mathematics, 31.07.2021 04:00
Biology, 31.07.2021 04:00
Chemistry, 31.07.2021 04:00