subject
Business, 16.12.2019 20:31 kimly47

The gilster company, a machine tooling firm, has several plants. one plant, located in st. falls, minnesota, uses a job order costing system for its batch production processes. the st. falls plant has two departments through which most jobs pass. plantwide overhead, which includes the plant manager’s salary, accounting personnel, cafeteria, and human resources, is budgeted at $200,000. during the past year, actual plantwide overhead was $195,000. each department’s overhead consists primarily of depreciation and other machine-related expenses. selected budgeted and actual data from the st. falls plant for the past year are as follows: department a department b budgeted department overhead (excludes plantwide overhead) $ 169,000 $ 504,000 actual department overhead 135,000 519,000 expected activity: direct labor hours 34,000 10,000 machine-hours 13,000 42,000 actual activity: direct labor hours 35,500 9,200 machine-hours 13,500 44,000 for the coming year, the accountants at st. falls are in the process of the sales force create bids for several jobs. projected data pertaining to job no. 110 are as follows: direct materials $ 16,000 direct labor cost: department a (2,000 hr) 37,000 department b (500 hr) 9,000 machine-hours projected: department a 130 department b 1,200 units produced 9,000 section breakcomprehensive problem 5chapter 16: management accounting: a business partnerchapter 17: job order cost systems and overhead allocationschapter 18: process costingchapter 19: costing and the value chainchapter 20: cost-volume-profit analysischapter 21: incremental analysis1.comprehensive problem 5 part aa.1 assume the st. falls plant uses a single plantwide overhead rate to assign all overhead (plantwide and department) costs to jobs. find the overhead rate by using expected direct labor hours. (round your answer to 2 decimal places. omit the "$" sign in your response.) overhead rate $ per direct labor houra.2 determine the projected amount of total manufacturing costs per unit for the units in job no. 110. (round your answer to 2 decimal places. omit the "$" sign in your response.) manufacturing costs for job 110 $ per unit2.comprehensive problem 5 part bb.1 calculate plantwide overhead rate using machine hours on projected manufacturing costs for job no. 110. (round your answer to 2 decimal places. omit the "$" sign in your response.) plantwide overhead rate $ per machine hourb.2 calculate two separate department overhead rates using machine hours on projected manufacturing costs for job no. 110. (round your answers to 1 decimal place. omit the "$" sign in your response.) overhead rate—department a $ per machine hour overhead rate—department b $ per machine hourb.3 recalculate the projected manufacturing costs for job no. 110 using three separate rates: one rate for plantwide overhead and two separate department overhead rates, all based on machine-hours. (round your intermediate calculations and final answer to 2 decimal places. omit the "$" sign in your response.) total cost $ per unit3.comprehensive problem 5 part cc.1 the sales policy at st. falls dictates that job bids be calculated by adding 22 percent to total manufacturing costs. what would be the bid for job no. 110 using the overhead rate from part a ? (round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount. omit the "$" sign in your response.) bid price $c.2 the sales policy at st. falls dictates that job bids be calculated by adding 22 percent to total manufacturing costs. what would be the bid for job no. 110 using the overhead rate from part b ? (round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount. omit the "$" sign in your response.) bid price $c.3 which of the overhead allocation methods would you recommend ? overhead rate by direct labor hoursoverhead rate by machine hours4.comprehensive problem 5 part dd. using the allocation rates in part b, compute the under- or overapplied overhead for the st. falls plant for the year. (round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount. omit the "$" sign in your response.)

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
The market price of cheeseburgers in a college town increased recently, and the students in an economics class are debating the cause of the price increase. some students suggest that the price increased because the price of beef, an important ingredient for making cheeseburgers, has increased. other students attribute the increase in the price of cheeseburgers to a recent increase in college student enrollment.1. the first group of students thinks the increase in the price of cheeseburgers is due to the fact that the price of beef, an important ingredient for making cheeseburgers, has increased. (what happened to demand and supply, shift to the right or left)2. the second group of students attributes the increase in the price of cheeseburgers to the increase in college student enrollment. (what happens to demand and supply, shift to the right or left)3. suppose that both of the events you analyzed above are partly responsible for the increase in the price of cheeseburgers. based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of cheeseburgers? (choose a, b,c, or d)a)if the price increase was small, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.b)if the equilibrium quantity of cheeseburgers decreases, then the demand shift in the market for cheeseburgers must have been larger than the supply shift.c)if the equilibrium quantity of cheeseburgers decreases, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.d)whichever change occurred first must have been the primary cause of the change in the price of cheeseburgers.
Answers: 2
question
Business, 21.06.2019 23:00
Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.
Answers: 3
question
Business, 22.06.2019 11:00
Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?
Answers: 1
question
Business, 22.06.2019 11:30
1.     regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool. student c   incorrect
Answers: 2
You know the right answer?
The gilster company, a machine tooling firm, has several plants. one plant, located in st. falls, mi...
Questions
question
Social Studies, 18.08.2019 09:30
Questions on the website: 13722360