Business, 23.05.2020 04:57 ester32152

Wallace's Wrench Company manufactures socket wrenches.

1. For next month, the vice president of production plans on producing 4,000 wrenches per day.
2. The company can produce as many as 6,000 wrenches per day, but is more likely to produce 5,500 per day.
3. The demand for wrenches for the next three years is expected to average 4,150 wrenches per day.
4. Fixed manufacturing costs per month total $360,000.
5. The company works 20 days a month.
6. Fixed manufacturing overhead is charged on a per-wrench basis.

Required:
a. What is the theoretical fixed manufacturing overhead rate per wrench for the next month?
b. What is the practical fixed manufacturing overhead rate per wrench for the next month?
c. What is the normal fixed manufacturing overhead rate per wrench for the next month?
d. What is the master-budget fixed manufacturing overhead rate per wrench for the next month?

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 20:50

Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?

Answers: 2

Answer

Business, 22.06.2019 00:20

Suppose an economy consists of three sectors: energy (e), manufacturing (m), and agriculture (a). sector e sells 70% of its output to m and 30% to a. sector m sells 30% of its output to e, 50% to a, and retains the rest. sector a sells 15% of its output to e, 30% to m, and retains the rest.

Answers: 1

Answer

Business, 22.06.2019 09:30

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.

Answers: 1

Answer

Business, 22.06.2019 17:30

What is the sequence of events that could lead to trade surplus

Answers: 3

Answer

You know the right answer?

Wallace's Wrench Company manufactures socket wrenches.

1. For next month, the vice pres...

Questions