Aberge Company's manufacturing overhead is 43% of its total conversion costs. If direct labor is $98,000 and if direct materials are $25,000, the manufacturing overhead is __.
Q: Financial Accounting MCQ
A: Concept of Control PremiumThe control premium refers to the additional amount an acquiring company…
Q: Please given correct option general accounting
A: Step 1: Definition of Total Overhead VarianceThe total overhead variance is the difference between…
Q: Answer? ? Financial accounting question
A: Step 1: Define LiabilitiesThe liabilities a company has are all the obligations that it has to pay.…
Q: Crane Paints manufactures artists' oil paints. Each 40 ml tube of paint requires 5 minutes of direct…
A: To calculate the Direct Labor Rate Variance, the formula is: Direct Labor Rate Variance = (Actual…
Q: I want to correct answer general accounting question
A: To estimate the value of the stock, you can use the forward price-to-earnings (P/E) ratio formula:…
Q: I need this question answer general Accounting
A: Step 1: Define Net Profit MarginThe net profit margin of a company is the amount of income earned by…
Q: Jackson Inspiration Inc is mer...
A: Explanation of Cost of Goods Available for Sale: Cost of Goods Available for Sale represents the…
Q: Best Electronics offers trade discounts of 30%, 20%, and 10% in sequence. If the list price of an…
A: The question requires the determination of the final price after a series of trade discounts.A…
Q: Hello tutor provide answer this general accounting question
A: Here's the reasoning:Original purchase cost: $40,000Accumulated depreciation: $30,000Book value…
Q: A company has the following costs of production for making 2,500 widgets in June: Total (2,500…
A: Step 1:Under absorption costing production cost per unit includes Direct materials, Direct labor,…
Q: kindly help me with accounting question
A: Step 1: Definition of Overhead ApplicationOverhead application is the process of assigning factory…
Q: Hi expert please give me answer general accounting question
A: Given:Owner's equity = $80,000Additional owner investment = $95,000Expenses = $325,000Drawings =…
Q: Financial Account
A: Given:Direct Materials Usage Variance = $21,600 (unfavorable)Actual Quantity Used = 39,000…
Q: Profit margin ratio?
A: Net Sales = Sales - Sales Returns and Allowances - Sales DiscountsNet…
Q: Provide answer
A: Explanation of Contra Revenues: Contra revenues are accounts that reduce gross sales to arrive at…
Q: Sub, GENERAL ACCOUNT
A: Workers' compensation for an injury received while working: Workers' compensation benefits are…
Q: Need help with this financial accounting question
A: Step 1: Define Target CostTarget cost is the maximum allowable cost for a product that ensures a…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of High-Low MethodThe high-low method is a cost accounting technique used to…
Q: Cost accounting
A: Explanation: Conversion costs are calculated by adding the direct labor costs and manufacturing…
Q: GENERAL ACCOUNT SOLUTION NEED
A: A decrease in the actual quantity of raw materials purchased, despite the expected quantity being…
Q: General Account = Calculate the debt ratio based on the following information: cash = $14,870;…
A: To calculate the debt ratio, use the formula: Debt Ratio=Total AssetsTotal Liabilities Step 1:…
Q: Accounting services had the following accounts
A: Explanation of Net Income:Net income refers to the profit a business earns after subtracting all…
Q: Financial information is presented below: Operating expenses $ 57,000 Sales returns and allowances…
A: We calculate the Gross Profit by using the formula: Gross Profit=Net Sales−Cost of Goods Sold…
Q: Sub: general accounting
A: Explanation of Economic Order Quantity (EOQ): Economic Order Quantity is a calculation that…
Q: No ai for this general accounting q
A: 1. Calculate the Book Value of the Asset:Book Value = Cost - Accumulated DepreciationBook Value =…
Q: Answer? ? Financial accounting
A: Step 1: Define Overhead AllocationOverhead Allocation is the process of distributing indirect costs…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Price/Earnings (P/E) RatioThe price/earnings (P/E) ratio measures a company's…
Q: Need this question answer general Accounting
A: Step 1: Define Total Asset Turnover RatioThe Total Asset Turnover Ratio measures how efficiently a…
Q: Safe Bank's loan agreement specifies: principal $50,000, annual interest rate 8%, term 3 months.…
A: To calculate the total interest payable for the loan period, we can use the simple interest…
Q: None
A: To solve the problem, we use the loan payoff formula: N=log(1/(1−Pr/M)) / log(1+r) where:P=2000…
Q: 3 POINTS
A: Option a: This option 1 is correct because, a purchase commitment refers to a firm obligation to buy…
Q: Fill in the missing amounts which correspond with a letter. Pure Air Beginning: Assets $ 98…
A: Step-by-step solution1. Determine A (Retained Earnings at the Beginning):Using the accounting…
Q: Blue sky trading
A: Step 1: Definition of Total AssetsTotal Assets represent the sum of all resources owned by a…
Q: 1.4.67 general accounting
A: Step 1:The selling Price per unit can be calculated by putting the values of fixed cost and other…
Q: Solve this. accounting
A: The correct answer is:c. Both sales discounts and sales returns and allowances Explanation:To…
Q: Calculate the business return on assets? General accounting
A: The Return on Assets (ROA) is calculated using the formula: ROA = (Net Income / Total Assets) × 100…
Q: Calculate the predetermined overhead allocation rate on these general accounting question
A: Step 1: Define Predetermined Overhead RateThe predetermined overhead rate is a rate used to allocate…
Q: hi teacher help me this question answer general accounting
A: To calculate Solar Technologies Inc.'s cost of equity capital, we use the **Capital Asset Pricing…
Q: general accounting
A: Step 1: Calculate the expected EPS for next yearExpected EPS for next year = $2.75 Step 2: Calculate…
Q: What is summits net income for the year?
A: The return on assets (ROA) formula is: ROA = Net Income / Average Total Assets Rearranging the…
Q: Answer?
A: To calculate the firm's net income, we use the formula for Return on Equity (ROE)…
Q: What amount should be debited to the patent account? General accounting
A: Step 1: Definition of PatentsA patent is an intangible asset that grants the holder exclusive rights…
Q: Can you solve this general accounting question?
A: Step 1: Definition of Labor Rate Variance and Labor Efficiency VarianceLabor Rate Variance measures…
Q: True or False?
A: Step 1: Book value Book value = Original cost - Accumulated depreciationBook value = $29,400 -…
Q: Financial accounting
A: Explanation of Contribution Margin Ratio:The Contribution Margin Ratio is the percentage of sales…
Q: Rolles Company has a contribution margin ratio of 27%. The company is considering a proposal that…
A: To calculate the increase in profit, we use the following formula: Increase in Profit = Increase in…
Q: general account
A: To determine the total actual costs incurred, we adjust the standard costs by accounting for the…
Q: What is Clark's rate of return? General accounting
A: To calculate Clark's rate of return, we can use the formula: Rate of Return = (Ending Value -…
Q: Cost accounting
A: A $5 million reduction in COGS would increase the before-tax profit by $5,000,000 because COGS is…
Q: Accounting problem 4.9
A: Concept of Economic Order Quantity (EOQ)Economic Order Quantity (EOQ) is a formula used in inventory…
Aberge Company's manufacturing
Step by step
Solved in 2 steps
- The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?Cool Pool has these costs associated with production of 20,000 units of accessory products: direct materials, $70; direct labor, $110; variable manufacturing overhead, $45; total fixed manufacturing overhead, $800,000. What is the cost per unit under both the variable and absorption methods?Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
- A firm has 100,000 in direct materials costs, 50,000 in direct labor costs, and 80,000 in overhead. Which of the following is true? a. Prime costs are 150,000; conversion costs are 180,000. b. Prime costs are 130,000; conversion costs are 150,000. c. Prime costs are 150,000; conversion costs are 130,000. d. Prime costs are 180,000; conversion costs are 150,000.Crystal Pools estimates overhead will utilize 250,000 machine hours and cost $750,000. It takes 2 machine hours per unit, direct material cost of $14 per unit, and direct labor of $20 per unit. What is the cost of each unit produced?Boarders estimates overhead will utilize 160,000 machine hours and cost $80,000. It takes 4 machine hours per unit, direct material cost of $5 per unit, and direct labor of $5 per unit. What is the cost of each unit produced?
- The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor hours costing $2,500,000 in labor and utilizing 12,500 machine hours. Calculate the predetermined overhead rate using: A. Direct labor hours B. Direct labor dollars C. Machine hoursColonels uses a traditional cost system and estimates next years overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours. It manufactures three products and estimates these costs: If the labor rate is $25 per hour, what is the per-unit cost of each product?
- Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven by the estimated 25,000 direct labor hours. It manufactures three products and estimates the following costs: If the labor rate is $30 per hour, what is the per-unit cost of each product?Wyandotte Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 256,900, direct labor cost was 176,000, and overhead cost was 308,400. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 6.62 is direct materials and 7.71 is overhead. What is the prime cost per unit? Conversion cost per unit?Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500 machine hours. The cost to make Job 416 is $95 in neon, 15 hours of labor at $13 per hour, and five machine hours. During the month, it incurs $95 in indirect material cost, $130 in administrative labor, $320 in utilities, and $350 in depreciation expense. What is the predetermined overhead rate if machine hours are considered the cost driver? What is the cost of Job 416? What is the overhead incurred during the month?
