Wilmington Company charges $50 per hour for labor and has a 35% material loading charge. A recent job required 25 hours and $1,000 of materials. Calculate the total cost of the job. A. $1,350 B. $2,600 C. $3,037.50 D. $2,250
Q: I won't to this question answer general Accounting
A: Given Data:Standard hours per tune-up = 1.90 hoursStandard rate = $6.60 per hourStandard cost per…
Q: Need help with this general accounting question provide solution
A: Step 1: Define Days' Sales UncollectedDays' sales uncollected measures how many days, on average, it…
Q: What is its ROE?
A: For this question, we must compute for the ROE. Return on equity is a financial ratio that shows how…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Percentage ChangePercentage change measures the relative change in a value…
Q: expert of general account.
A: Step 1: Given informationBeginning Inventory (WIP): 14,500 unitsUnits Transferred In: 276,500…
Q: Financial Accounting Question please solve
A: To calculate the expected return for Black Magic Cosmetics Inc. using the Capital Asset Pricing…
Q: During its first month of operation, Peter's Auto Supply Corporation, which specializes the sale of…
A: Step 1:First prepare the adjusting entries: DateAccount Titles and ExplanationDebit ($)Credit…
Q: General accounting
A: Step 1:First calculate the net purchases: Net purchases = Gross purchases - Purchase return and…
Q: Department W had 2,609 units, one-third completed at the beginning of the period, 12,776 units were…
A: Key Information:Beginning inventory: 2,609 units (one-third completed).Units transferred to…
Q: Don't use ai given answer accounting questions
A: To solve this problem, let's address each part step-by-step: a. Using the P/E ratio, compute the…
Q: None
A: Approach to solving the question:Freeform Detailed explanation: To calculate Ling Ling Inc.'s total…
Q: Which of the following formulas best describes the merchandise purchases budgets? a. Inventory to…
A: The correct answer is:d. Inventory to purchase = Budgeted ending inventory plus the budgeted cost of…
Q: Hi teacher please solve this question
A: Step 1: Definition of Recognized Gain and BasisRecognized Gain: The amount of profit or loss from…
Q: What is the consumer surplus for swimmers ??
A: First, we were provided with information about the pricing of a swimming pool in a nearby town and…
Q: Financial Account. NO AI
A: Option a: This option is correct because:$14,000 paid in cash does not impact assets because one…
Q: Material volume (quantity) variance is the difference between: a) Standard price x (Standard…
A: The correct answer is:a) Standard price x (Standard quantities - Actual quantities) Explanation:The…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Standard Direct-Material CostThe standard direct-material cost is the total…
Q: General Accounting question
A: Step 1: Define Capital GainCapital gain is an important concept in economics that refers to the…
Q: The Bottling Department of Rocky Springs Beverage Company had 7,600 ounces in beginning work in…
A: To calculate the total equivalent units for direct materials, we consider that direct materials are…
Q: Financial accounting
A: Step 1: Define DuPont Formula:The DuPont formula is a practice to analyze a firm's return on equity…
Q: Calculate the debt-to-equity ratio for Arius for
A: Concept of Total AssetsTotal assets represent everything a company owns that holds monetary value,…
Q: Hii expert please given correct answer general accounting question
A: To calculate the beta of the stock, we use the Capital Asset Pricing Model (CAPM)…
Q: General Accounting Questions
A: To calculate Darwin Company's product costs, we need to identify the costs that are directly related…
Q: Hello tutor please provide correct answer general Accounting
A: Step 1: Define Return on EquityIn the domain of finance, the return on equity financial ratio gives…
Q: The difference between the actual fixed manufacturing overhead cost and the budgeted fixed…
A: The correct answer is:a. fixed overhead spending variance. Explanation:The difference between the…
Q: Please give true answer this financial accounting question
A: Step 1: Define Earnings Per Share (EPS)Earnings per Share (EPS) is calculated by dividing the net…
Q: What is the number of workdays in an order cycle?
A: FEEL FREE TO ASK FOR CLARIFICATIONS
Q: Jensen Company's period costs are:
A: Step 1: Product vs. Period Costs.product costs - these are costs directly related to the production…
Q: Which of the following equations properly represents a derivation of the fundamental accounting…
A: The Fundamental Accounting EquationThe accounting equation is the foundation of double-entry…
Q: General accounting
A: Step 1: Definition of Inventory Turnover RatioThe Inventory Turnover Ratio measures how efficiently…
Q: Step by step answer
A: Calculate the Net Change in Assets:Net Change in Assets=Ending Assets−Beginning Assets Net Change in…
Q: General accounting
A: To calculate the Cost of Goods Sold (COGS) for Towson Manufacturing, we use the following formula:…
Q: I want to correct answer accounting questions
A: Step 1: Define LiabilitiesIn accounting, liability refers to the amount that a company is required…
Q: want general account answer
A: The Direct Materials Price Variance measures the difference between the actual price paid for…
Q: How much is reggies amount realized?
A: Step 1: Given Value for Calculation Selling Price = s = $7500Purchase Price = p = $4200Commission =…
Q: Kroeger, Inc., has current assets of $1,970, net fixed assets of $9,650, current liabilities of…
A: Shareholders' Equity using the accounting equation: Assets=Liabilities+Shareholders' Equity…
Q: Need help this question general accounting
A: Part (a) - Calculate Hunt Taxidermy's tax liabilityTaxable Income: Hunt Taxidermy's taxable income…
Q: During the current year, merchandise is sold for $589,000. The cost of merchandise sold is $266,360.…
A: Step 1: Determine the total sales revenue and cost of merchandise sold.Sales revenue$589,000Cost of…
Q: I am waiting for answer
A: The question pertains to the receivable turnover ratio.The accounts receivables turnover ratio…
Q: What is the cost of goods avaliable for sale
A: Step 1: Define Ending InventoryThe cost of ending inventory is reported on the statement of…
Q: Provide correct answer general accounting
A: Step 1: Define Gross Profit MarginA company's cost of goods sold is deducted from its net sales to…
Q: Upton Ltd is a manufacturing company that plans to make 300 chairs and 100 tables with the following…
A: Steps and explanations are as follows:In case of any doubt, please let me know. Thank you.
Q: Thompson Handyman Services has total assets for the year of $18,400 and total liabilities of…
A: Explanation of Accounting Equation:The accounting equation is a fundamental principle in accounting…
Q: Please answer the following requirements on these general accounting question
A: Step 1: Define Factory Overhead RateA factory overhead rate is used to allocate overhead costs to…
Q: Need help with this accounting questions
A: Step 1: Definition of Gross IncomeGross income includes all income received in the form of money,…
Q: First Boston Corporation acquired 80 percent of Gulfside Corporation common stock on January 1,…
A: Approach to solving the question: Detailed explanation: Data20X7 INCOMENoncontrolling…
Q: What is the day's sales in receivables ratio for 2018 ?
A: Step 1: Define Day's Sales in Accounts ReceivableDay's sales in receivables are the days taken by…
Q: The lower of cost or net realizable value rule is an application of ?(a) Matching principle (b)…
A: Concept of Conservatism PrincipleThe conservatism principle emphasizes caution in financial…
Q: For the period ending October 6, compute the following:
A: Data GivenBeginning Inventory (January 1): $140,000Purchases (January 1 to October 6): $670,000Sales…
Q: Cobalt Industries Ltd. is a company engaged in manufacturing and sale of electronic components. The…
A: Detailed Explanation of the Financial Statements: Profit and Loss StatementThe profit and loss…
I want to this question answer general Accounting
Step by step
Solved in 2 steps
- 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 hoursRulers 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?Green Bay Cheese Company estimates its overhead to be $375,000. It expects to have 125,000 direct labor hours costing $1,500,000 in labor and utilizing 15,000 machine hours. Calculate the predetermined overhead rate using: A. Direct labor hours B. Direct labor dollars C. Machine hours
- 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?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?Patterson Corporation expects to incur 70,000 of factory overhead and 60,000 of general and administrative costs next year. Direct labor costs at 5 per hour are expected to total 50,000. If factory overhead is to be applied per direct labor hour, how much overhead will be applied to a job incurring 20 hours of direct labor? a. 120 b. 260 c. 28 d. 140
- Cozy, Inc., manufactures small and large blankets. It estimates $350,000 in overhead during the manufacturing of 75,000 small blankets and 25,000 large blankets. What is the predetermined overhead rate if a small blanket takes 1 machine hour and a large blanket takes 2 machine hours?A company estimates its manufacturing overhead will be $750,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? Budgeted direct labor hours: 60,000 Budgeted direct labor expense: $1,500,000 Estimated machine hours: 100,000Baldwin Printing Company uses a job order cost system and applies overhead based on machine hours. A total of 150,000 machine hours have been budgeted for the year. During the year, an order for 1,000 units was completed and incurred the following: The accountant computed the inventory cost of this order to be 4.30 per unit. The annual budgeted overhead in dollars was: a. 577,500. b. 600,000. c. 645,000. d. 660,000.
- Mattson Construction charges each customer a price equal to the cost of direct materials, direct labor, and overhead plus 40%. Job #1845 included the following costs: Direct materials $39,000 Direct labor $67,000 Overhead $26,000 What is price charged for Job 1845? $86,000 $42,400 $106,000 $184,800 $166,154Before the start of the year a company estimated the following costs: $540,000 for factory overhead, $120,000 for selling expenses and $60,000 for administrative expenses. If the estimated number of direct labour hours is 90,000 the factory overhead rate per hour is: Group of answer choices $6.00 $8.00 $1.33 $0.67Cavy Company estimates that total factory overhead costs will be $660,000 for the year. Direct labor hours are estimated to be 100,000. a. Compute the predetermined factory overhead rate. Round your answer to the nearest cent. per direct labor hour b. Determine the amount of factory overhead applied to Job 345 if the amount of direct labor hours is 560 and to Job 777 if the amount of direct labor hours is 800. Job 345 %$4 Job 777 C. Journalize the entry to record the factory overhead applied if Jobs 345 and 777 are the only jobs for the period. If an amount box does not require an entry, leave it blank.