Suppose that the allowance factor for a job is 0.12, and the normal time is 6.5 hours. What is the standard time?
Q: Amount will be debited and factory overhead will be credited
A: Step 1: Predetermined overhead rate Predetermined overhead rate = Estimated total factory overhead…
Q: What is the cost of goods sold?
A: Explanation of Perpetual Inventory System: This is a method of continuously tracking inventory…
Q: Get correct solution this financial accounting question
A: Step 1: Definition of the Units-of-Activity Depreciation MethodThe Units-of-Activity Depreciation…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Overhead Cost ReductionOverhead costs include expenses that are not directly…
Q: Given true answer financial accounting
A: Step 1: Define Dividend YieldThe dividend yield is a component of the required rate of return on…
Q: Provide answer general accounting
A: To determine how many board feet of wood Cedar Furniture should purchase in August, we need to…
Q: I want to correct answer general accounting question
A: Step 1: Identify the Projected Benefit Obligation (PBO) at the end of 2024From the data given, the…
Q: 4 POINTS
A: Explanation of Revenue on Account: This refers to income earned by providing goods or services to…
Q: I want to correct answer general accounting question
A: Step 1: Definition of TurnoverTurnover, also known as the Asset Turnover Ratio, measures how…
Q: Provide answer general accounting
A: Step 1: Define Underfunded Pension ObligationThe underfunded pension obligation occurs when the…
Q: Kindly help me with accounting questions
A: 1. Concise Calculation:Net Income: ($725,000 - $98,000) - $188,100 = $438,900EPS: $438,900 / 80,000…
Q: abc general accounting
A: Step 1: Definition of the High-Low MethodThe high-low method is a technique used to separate fixed…
Q: Improvement that have been made to the asset?
A: Explanation of Adjusted Basis:The adjusted basis of an asset represents its original cost, adjusted…
Q: Accounting problem with correct solution
A: Step 1: Definition of Interest PayableInterest payable is the amount of interest that has accrued…
Q: What is the company's plantwide overhead rate?
A: Explanation of Indirect Labor: Indirect labor represents the cost of factory workers who support…
Q: General Accounting
A: Step 1: Define Average Collection PeriodThe Average Collection Period measures the number of days a…
Q: Can you help me with accounting questions
A: Step 1: Definition of Price-to-Earnings (P/E) RatioThe Price-to-Earnings (P/E) ratio is a valuation…
Q: Question
A: Calculations:Given:Profit Margin = 7.6% = 0.076Total Asset Turnover = 3.9ROE = 32.55% =…
Q: How many machine hours does the company expect in department 2 ?
A: Step 1: Definition of Machine Hours CalculationMachine hours (MH) are used as an allocation base for…
Q: What is the division's margin of this financial accounting question?
A: Step 1: Definition of MarginThe margin is a profitability metric that measures how much of a…
Q: Need answer
A: Detailed explanation:Given:Purchased price of the equipment $ 25000Freight charges $ 1200Useful life…
Q: Vihat Tech is considering a project that will produce incremental annual sales of $250,000 and…
A: Apply the Top-Down Formula OCF=250,000−160,000−4,000 OCF=86,000 The Operating Cash Flow (OCF) using…
Q: Please help me with this question general Accounting
A: To calculate the dividend yield, we'll use the following formula:Dividend Yield = (Total Dividend…
Q: Tutor please provide answer
A: Explanation of Sales Revenue:Sales revenue represents the total amount a company earns from selling…
Q: Can you please give me correct answer this financial accounting question?
A: Profit Margin= (Income from Operations / Sales) * 100After plugging in the given values we get=…
Q: A company’s fixed monthly expenses are $35,000, and its contribution margin ratio is 62%. Assuming…
A: Explanation of Net Operating Income:The net operating income (NOI) represents the profit a company…
Q: Need step by step answer
A: Explanation of Revenue:Revenue refers to the total earnings a company generates from selling goods…
Q: ans
A: Step 1: Definition of High-Low MethodThe High-Low Method is a cost estimation technique used to…
Q: Need help with this general accounting question
A: Step 1: Define Predetermined Overhead Rate (POHR)The Predetermined Overhead Rate (POHR) is a rate…
Q: General Accounting
A: Step 1: Define Total Land CostThe Total Land Cost includes all expenditures necessary to acquire the…
Q: Financial Accounting
A: 1. Book Value of Equity- Concept: Represents the net worth of a company based on accounting records-…
Q: hello teacher please solve questions
A: Step 1: Definition of Profit MarginProfit margin is one of the most popular profitability ratios…
Q: provide correct answer plz
A: Step 1: Definition of Capital GainIf a capital asset is sold at a higher price then the gain on the…
Q: Financial Accounting: At an output level of 53,000 units, you calculate that the degree of operating…
A: Concept of Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL) measures how a…
Q: MCQ
A: Concept of Leasehold ImprovementsLeasehold improvements refer to modifications or enhancements made…
Q: Accurate answer
A: Step 1: Journal Entry to apply the Factory overhead for the year included the Debit to Work in…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Recognized GainRecognized gain refers to the taxable portion of proceeds…
Q: Kindly help me with accounting questions
A: Step 1:First, calculate the record price of machinery, par value of common stock, and additional…
Q: Can you help me with accounting questions
A: Step 1: Definition of Total Asset Turnover RatioThe total asset turnover ratio measures how…
Q: What price should the preferred stock sell for this financial accounting question?
A: Step 1:First, calculate the preferred dividend amount: Preferred dividend = Par value * Dividend…
Q: General Accounting
A: Step 1: Definition of Net IncomeNet Income is the amount of profit a company earns after deducting…
Q: None
A: To determine the target share price of Summit Corp. five years from now, we need to follow these…
Q: hello teacher please solve questions
A: Step 1: Definition of Sales ReturnsA Sales Return is a reduction in revenue when customers return…
Q: Pasadena Candle Inc
A: Concept of Direct LaborDirect labor refers to the wages paid to workers who are directly involved in…
Q: Kendall Company has sales of 1,990 units at $63 a unit. Variable expenses are 42% of the selling…
A: Degree of Operating Leverage (DOL)The Degree of Operating Leverage is a measure of how sensitive a…
Q: can you please solve this ans
A: To determine the firm's price-earnings (P/E) ratio, we first calculated the book value of equity…
Q: Answer this Question
A: Concept of Net SalesNet Sales represents the actual revenue a company earns after deducting sales…
Q: None
A: Step 1:Assets turnover ratio indicates that how efficiently a company is using its assets in…
Q: Accurate answer
A: Explanation of Consolidated Net Income:Consolidated net income represents the combined net income of…
Q: Accounting question
A: Step 1: Define Recognized Gain or LossRecognized gain or loss is the amount realized from the sale…
Suppose that the allowance factor for a job is 0.12, and the normal time is 6.5 hours. What is the standard time?
Step by step
Solved in 2 steps
- What is the gross annual household income if Person A works a minimum of 3 shifts for 4 hours a month, with a hourly wage of $15.00, and Person B annual salary is $20820.51?Why might a company claim that the total cost of employing a person is $15.30 per hour when the employee's wage rate is $10.50 per hour? How should this difference be classified and why?If Bryson worked 98 hours in two week time period how many overtime hours would he have?
- Perrin Company designs industrial prototypes for outside companies. Budgeted overhead for the year was $225,000, and budgeted direct labor hours were 18,000. The average wage rate for direct labor is expected to be $25 per hour. During June, Perrin Company worked on four jobs. Data relating to these four jobs follow: Beginning balance Materials requisitioned Direct labor cost Job 39 $26,600 20,700 11,800 Job 40 $34,200 20,000 17,100 Job 41 $17,700 10,100 4,750 Job 42 $1,100 15,900 6,800 Overhead is assigned as a percentage of direct labor cost. During June, Jobs 39 and 40 were completed; Job 39 was sold at 125 percent of cost. Job 40 is the only job in Finished Goods Inventory and will remain there until the customer accepts delivery and pays. Jobs 41 and 42 remain unfinished at the end of the month.If D = 8,400 per month, S = $43 per order, and H = $1.50 per unit per month, a) What is the economic order quantity? The EOQ is units (round your response to the nearest whole number).A worker is paid the day-work rate if she earns less than 100% incentive premium. The standard is 75 units per hour, and the operator completes 140 good parts in 1.4 hours. The wage rate is $25/hour. Find the piece rate. What are the earnings and labor efficiency?
- The standard labor rate is $8 per hour. Standard labor allowed per unit is 0.6 hours. The actual cost per labor hour is $7.5 and the actual labor hour per unit is 0.7 hours. What is the standard labor cost per output unit? a. $4.8 b. $5.6 c. $4.5 d. $5.25Jason Wood earns $800 per week for a five-day week, and he is entitled to 12 paid holidays and four weeks of paid vacation. Over how many weeks should the holiday pay and vacation pay be expensed? Principles of Cost Accounting, Chapter 3, 17e1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3. If the third decimal place is less than 5, drop the third decimal place. Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. Refer to Instruction 2-1. Kendra earns $12.30 per hour and has earned a production bonus this week of $37.10. If Kendra worked 44 hours this week, her gross pay is __________.