Delta Manufacturing has total manufacturing overhead costs of $24,000 and total direct labor costs of $80,000. Calculate the overhead rate as a percentage. Options: (a) 20% (b) 30% (c) 40% (d) 35%
Q: provide correct answer
A: To calculate the percentage change in operating cash flows, we use the formula:Percentage Change in…
Q: Need correct answer general accounting question
A: Step 1: Define Cash-Based Cost of Goods SoldCash-based COGS represents the actual cash paid for…
Q: Calculate income under absorption costing
A: Step 1:The difference between the absorption and variable costing is the treatment of fixed…
Q: Help
A: Step 1: Materials price variance Materials price variance = Actual material cost - (Standard price x…
Q: Z is a standard item stocked in a company WCU's inventory. Each year the firm, on a random basis,…
A: Approach to solving the question: The Economic Order Quantity (EOQ) formula is given by:EOQ =…
Q: Need ans financial accounting question
A: Step 1: Define Plantwide Overhead RateA plantwide overhead rate is a single rate used to allocate…
Q: Do fast answer of this general accounting question
A: Step 1: Definition of Book Value of LiabilityThe book value of a liability represents the net amount…
Q: General Accounting question
A: Step 1:The current liabilities include the liability that is due to be paid within 12 months also…
Q: How much was the unit cost per service?
A: Step 1: IntroductionTo find the unit cost per service, we aim to determine how much it costs the…
Q: Financial accounting question
A: Step 1: The non-interest-bearing note is issued at a discount so the proceeds amount from the issue…
Q: Please provide answer the following requirements a and b on these financial accounting question
A: Step 1: Definition of WACC and After-Tax Cost of DebtWACC (Weighted Average Cost of Capital) is the…
Q: MCQ
A: Days Sales in Inventory (DSI) measures how many days, on average, a company takes to sell its…
Q: Need answer with steps
A: Step 1: Materials price variance Materials price variance = Actual material cost - (Standard price x…
Q: hello teacher please solve questions
A: Step 1: Definition of Cost-Volume-Profit (CVP) AnalysisCost-Volume-Profit (CVP) analysis helps…
Q: Solve this financial accounting problem
A: Explanation of Price-to-Earnings (P/E) Ratio:The Price-to-Earnings (P/E) Ratio is a financial metric…
Q: What is the unit variable cost?
A: Step 1: Definition of Unit Variable CostThe unit variable cost represents the cost incurred for…
Q: General Accounting question
A: Step 1: Define Overallocated vs. Underallocated OverheadOverallocated overhead occurs when applied…
Q: Need solution
A: Concept of AssetsAssets are the resources owned by a company that have economic value and can…
Q: Daisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs…
A: Approach to solving the question: Detailed explanation: To determine the selling price per unit, we…
Q: Want your help with problem
A: Concept of Gross ProfitThe Gross Profit is the difference between Sales Revenue and Cost of Goods…
Q: I want to this question answer general Accounting
A: Step 1: Definition of Net IncomeNet income is the amount of profit a company earns after deducting…
Q: Summit Gear has an accounts receivable
A: Concept of Accounts ReceivableAccounts receivable refers to the amount of money a business is owed…
Q: help this answer.
A: Step 1: Analysis of information givenNet Income = $81,000Net Sales = $800,000Other information given…
Q: How much will you have to pay at the end of one year on these financial accounting question?
A: Step 1: Define Simple InterestSimple interest is the interest calculated only on the principal…
Q: General accounting question
A: Step 1: Define Return on Equity (ROE)Return on Equity (ROE) measures a company's profitability in…
Q: Help
A: Step 1: Definition of Estimated Ending Merchandise InventoryEstimated ending merchandise inventory…
Q: correct answer please
A: Approach to solving the question:Freeform Detailed explanation: To determine the price per unit that…
Q: need help this questions general account
A: Step 1: Definition of Warranty ExpenseWarranty expense is the estimated cost a company expects to…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Net IncomeNet income is the total profit of a business after deducting all…
Q: Solve this financial accounting problem
A: Explanation of Profit Margin: Profit margin is a financial ratio that measures the percentage of…
Q: need this account subjects solutions
A: To calculate net income, we use the Return on Equity (ROE) formula: ROE=EquityNet Income Step 1:…
Q: need help this questions
A: Step 1: Definition of Contribution Margin and Target Sales VolumeContribution Margin (CM) per unit…
Q: Step by step answer
A: Problem 1.1: Cost of Goods Manufactured (COGM)The cost of goods manufactured (COGM) is…
Q: Aspire Manufacturing
A: Step 1: Introduction to factory overheadFactory overheads are defined as indirect costs that are not…
Q: Financial Accounting
A: To calculate the expected return on the stock, we use the Capital Asset Pricing Model (CAPM)…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Absorption CostingAbsorption costing includes all manufacturing costs (direct…
Q: Gross profit percentage for this period?
A: Step 1: Definition of Gross Profit PercentageGross Profit Percentage measures how much profit a…
Q: What is the amount of cash paid?
A: Explanation of Wages Payable: This is a liability account that represents the amount of wages a…
Q: Question:25
A: Change in long term debt = Long term debt in 2021-Long term debt 2020Change in long term debt = 5.1…
Q: Give me correct answer
A: Solution: Determining the Addition to Retained Earnings for 2023 To determine the amount added to…
Q: Provide correct answer this general accounting question
A: Step 1: Define Markup Percentage Using Variable-Cost PricingMarkup percentage in variable-cost…
Q: Daisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs…
A: Approach to solving the question:Identify the given information:Desired Profit: 25,000Variable Cost…
Q: Kelly Company purchased a bulldozer at a cost of $200,000. The bulldozer has an estimated salvage…
A: Explanation of Straight-Line Depreciation:Straight-line depreciation is a method of allocating the…
Q: hi expert please help me answer
A: Approach to solving the question:Freeform Detailed explanation: To determine Everest Corp.'s…
Q: Need help with this financial accounting question not use ai and chatgpt
A: Step 1: Definition of Rate of ReturnThe rate of return is the percentage gain or loss on an…
Q: Determine the pension asset/liability ....
A: Step 1: Pension Asset/Liability can be calculated by subtracting the Projected Benefit Obligation…
Q: Variable manufacturing overhead:2.80, fixed manufacturing overhead:5
A: Explanation of Contribution Margin: Contribution margin is the difference between selling price per…
Q: General accounting question
A: Step 1: Analysis of information givenFace value of bond = $15,000Duration of bond = 60 daysDiscount…
Q: Need help with this question solution general accounting
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) measures a company's…
Q: Compute the applied manufacturing overhead.....
A: Step 1: Definition of Applied Overhead and Over/Underapplied OverheadApplied Overhead refers to the…
i want to this question answer general accounting
Step by step
Solved in 2 steps
- 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?Summersville Production Company had the following projected information for the current year: Selling price per unit $150 Variable cost per unit $90 Total fixed costs $300,000 What is the contribution margin ratio? a.0.600 b.2.500 c.0.400 d.1.667A firm expects to sell 25,000 units of its product at $11 per unit. Pretax income is predicted to be $60,000. If the variable costs per unit are $5, total fixed costs must be:
- Total fixed costs for Randolph Manufacturing are $804,000. Total costs, including both fixed and variable, are $1,040,000 if 160,000 units are produced. The fixed cost per unit at 188,500 units would be closest to A. $5.03/unit. B. $4.27/unit. C. $1.25/unit. D. $5.52/unitTotal fixed costs for Randolph Manufacturing are $784,000. Total costs, including both fixed and variable, are $1,050,000 if 160,000 units are produced. The fixed cost per unit at 228,500 units would be closest to A. $3.43/unit. B. $1.16/unit O C. $4.60/unit O D. $4.90/unitWhen 20,000 units are produced, fixed costs are s16 per unit. Therefore, when 40,000 units are produced fixed costs will: Select one: a. total $640,000 b. decrease to $8 per unit C. remain at $16 per unit d. increase to $32 per unit,
- A company has sales of $125,000, variable costs of $45,000 and fixed costs of $30,000. The contribution margin ratio isWhen 20,000 units are produced, fixed costs are $16 per unit. Therefore, when 40,000 units are produced fixed costs will: Select one: a. remain at $16 per unit b. total $640,000 C. increase to $32 per unit d. decrease to $8 per unit Previous page Next pa Jump to... Return to: GeneralTotal costs for Locke & Company at 140,000 units are $289,000, while total fixed costs are $165,000. The total variable costs at a level of 280,000 units would be (Round intermediate calculations to the nearest cent and the final answer to the nearest dollar.) O A. $249,200 B. $330,000 C. $578,000 O D. $144,500