D< >ezto.mheducation.comWeek 5- Homework #3 GSavedHelpSave & ExCheMason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturingoverhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following informationwith respect to Jobs A and B:Estimated DataManufacturing overheadDirect labor hoursMachine hourspointsMachining$ 500,00010,00050,000Assembly$ 100,00050,0005,000Total$ 600,00060,00055,000SkippedeBookJob ADirect labor hoursMachining Assembly102Total15PrintMachine hours1113ReferencesJob BDirect labor hoursMachine hoursMachining AssemblyTotal9.4123.15Required:1. If Mason Company uses a plantwide predetermined overhead rate with direct labor-hours as the allocation base, how muchmanufacturing overhead cost would be applied to Job A? Job B?2. Assume that Mason Company uses departmental predetermined overhead rates. The Machining Department is allocated based onmachine-hours and the Assembly Department is allocated based on direct labor-hours. How much manufacturing overhead cost wouldbe applied to Job A? Job B?1. Manufacturing overhead applied Job AManufacturing overhead applied Job B2. Manufacturing overhead applied Job AMcGrawHill< Prev4 of 5Next >四田自2囚阿ERESEP19étv SavedWeek 5- Homework #3 iHelpSave &Machine hours50,0005,00055,000Job ADirect labor hoursMachine hoursTotalMachining Assembly1015131011pointsSkippedJob BDirect labor hoursMachine hoursMachining Assembly Total9.4.1215eBookRequired:1. If Mason Company uses a plantwide predetermined overhead rate with direct labor-hours as the allocation base, how muchmanufacturing overhead cost would be applied to Job A? Job B?2. Assume that Mason Company uses departmental predetermined overhead rates. The Machining Department is allocated based onmachine-hours and the Assembly Department is allocated based on direct labor-hours. How much manufacturing overhead cost wouldbe applied to Job A? Job B?PrintReferences1. Manufacturing overhead applied Job AManufacturing overhead applied Job B2. Manufacturing overhead applied Job AManufacturing overhead applied Job BMcGrawHill< Prev4 of 5Next >SEP19JEPétv3....

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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1-18 Katherine D’Ann is planning to finance her college education by selling programs at the football games for State University. There is a fixed cost of $400 for printing these programs, and the variable cost is $3. There is also a $1,000 fee that is paid to the university for the right to sell these programs. If Katherine was able to sell programs for $5 each, how many would she have to sell in order to break even?
The Finger Lakes region in New York State produces wine. The climate favors white wines, but reds have been produced successfully in the past 15 years. Categorize the following costs incurred by one winery as either fixed or variable: H. the cost of the building where wine tastings take place from April to October
Three production processes - A, B, and C - have the following cost structure: the selling price is 5.26 per unit Process Fixed Cost per Year Variable Cost per Unit A 119164 2.54 B 80631 4.52 C 70617 5.27 1. What is the cost of process A for a volume of 7104 units? (round to the nearest cent).
Assume a firm has fixed costs of $80 and variable costs as indicated in the table below. Complete the cost table. Total variable Total product Total cost AFC ATC MC SO $ 80 1 110 190 2 150 230 180 * 220 300 270 350 340 440 520 660 」二|||| JI|||||
Quantity of Labor Total Product Total Revenue 1 4 $ 18 2 8 36 3 11 50 4 13 59 5 14 63 Refer to the given data. This firm's product price is A) $4.5. B) $4.25. C) $4.8. D) $18. Please explain/show your work, thank you! Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
River Girl Fly Fishing Shop applies overhead at a rate of $5 per direct labor hour. At the end of the month, the company had accumulated 7000 direct labor hours and incurred $38000 in manufacturing overhead. Manufacturing overhead was $600 underapplied. $3000 underapplied. $600 overapplied. $3000 overapplied.
2. As an employee of the Rays-R-Us Corporation (a solar panel company), you have been asked to determine the nature of their long-run cost structure. Some cost data has been collected for you and appears in the table below. Quantity of Generators Labor Costs Tools Cost $2 $4 $7 $8 $15 $24 $28 $41 $65 $80 Total Cost Long Run Average Cost $10 12 14 16 20 30 42 1 4 5 8 9 10 70 100 (a) Fill in the missing values in the table. (b) Graph the firm's long-run average cost curve below. (c) Determine the range of output levels over which there exists economies and diseconomies of scale, and mark these ranges on your graph.
Paradise Pottery had the following costs in May when production is 800 ceramic pots: materials, $8,700; labor (variable), $2,900; depreciation, $1,100; rent, $900; and other fixed costs, $1,500. If production changes to 900 units, how much will the total variable costs and total fixed costs be, respectively?
Mr. Jack is in the process of expanding his manufacturing business. He decided to open a plant in the coming year. He has four locations in mind. The costs information for these locations is in the following table. Location A B C Fixed Cost 60000 80000 130000 Variable Cost 30 20 10 Write an equation to represent the total costs for each location. Draw the total costs lines for each location on the same axes. (Use output ranges of 2000, 4000, 6000, 8000 etc. and intervals of $50,000 on the Y axis. Over what range of output is location A the most preferred location? Over what range of output is location B the most preferred location? Over what range of output is location C the most preferred location?
1,200 B TC 1,000 850 700 TVC A 500 2 3 Number of microwave ovens 6. Refer to the figure above. Based on the information shown, the average fixed costs of producing two units of output are: 500 Cost in dollars
computer system. The last run of the production cost schedule resulted in the incomplete listing shown below (listed as question numbers). From your knowledge of cost theory, solve for the values in the table to the corresponding questions below. During the last few days the Superior Company has been running into problems with its ATC AFC - MC TC TFC TVC 75 75 A 75 100 75 В 1 75 37.5 15 TC total costs, TFC = total fixed costs, TVC = total variable costs, ATC = average total costs, %3D %3D AFC = average fixed costs, AVC = average variable costs, MC = marginal costs What is the correct numerical value for C in the table? 100 37.5 O 57.5 O 20
Cost in dollars 1,200 1,000 850 700 500 0 500 B TC TVC 2 3 6 Number of microwave ovens Refer to the figure above. Based on the information shown, the average fixed costs of producing two units of output are:

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