Boat Builders Incorporated budgets overhead cost of $1,680,000 for the year; of this amount, $960,000 is traceable to the Assembly department and $720,000 is traceable to the Finishing department. The company manufactures two types of boats: Fishing and Yachts. Budgeted direct labor hours for the Fishing model are 28 in Assembly and 4 in Finishing. Budgeted direct labor hours for the Yacht model are 36 in Assembly and 12 in Finishing. The company budgets production of 400 units of the Fishing model and 400 units of the Yacht model for the year. Compute departmental overhead rates for each department using direct labor hours for that department Multiple Choice

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Answer 1

The overhead rate for the assembly department is $37.5 per hour, while the overhead rate for the finishing department is  $112.5 per hour.

In business, the overhead rate refers to the production cost of a service or product. This rate is calculated using the following equation:

Overhead rate = Manufacturing overhead cost / total amount of the allocation base (hours that production takes)

Based on this, let's calculate the rate for each department:

Assembly department:

The manufacturing overhead cost is  $960,000

Direct labor hours:

Fishing model: 28 hours x 400 units = 11,200

Yacht: 36 hours x 400 units = 14,400

Total direct labor hours = 11,200 + 14,400 = 25,600

Overhead rate = $960,000 / 25, 600 = $37.5 per hour

Finishing department:

The manufacturing overhead cost is $720,000

Direct labor hours:

Fishing model: 4 hours x 400 units = 1,600

Yacht: 12 hours x 400 units = 4,800

Total direct labor hours = 1,600 + 4,800 = 6,400

Overhead rate = $720,000/ 6,400 = $112.5 per hour

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Related Questions

what is one best motivational theory?

Answers

Answer:

The Maslow motivation theory

Explanation:

The Maslow motivation theory is one of the best known and most influential theories on workplace motivation

Over the last three years, Christmas tree prices have increased from an average of $35 per tree to over $75 per tree. How would a Christmas tree farm and the overall industry respond to the price change under the following circumstances

Answers

The Christmas tree farm would respond by:

In the short run, producers are going to earn profits and also increase their supply of the product.

This is what usually happens whenever there is an increase in the prices of goods in the supply side of the market.

As the prices would go up, the producers would want to take advantage of the increases to make as much gain as they can from the market.

This is only short term profit. Therefore the supply is going to be inelastic. The demand is only going to available for a short while.

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Bài tập: Cty cổ phần X hiện đang có 20tr cổ phần thường lưu hành, không có cổ phần ưu đãi. Cty có 100tr $ nợ dài hạn , ls 10%/năm, thuế suất 20%. Cty muốn huy động thêm 50tr $ để đầu tư thiết bị mở rộng kinh doanh . Theo tính toán khi thiết bị đưa vào hoạt động sẽ có hiệu quả, cty hi vọng tạo ra 200tr $ EBIT hằng năm, từ việc kết hợp các thiết bị cũ vs thiết bị mới lắp đặt. có 3 phương án sau đây để đưa ra xem xét - Phương án1: phát hành trái phiếu conpon với ls là 12%/ năm - Phương án 2 : phát hành cổ phần ưu đãi vói cổ tức 15% - Phương án 3: phát hành cổ phần thường vs giá 40 $ 1/cổ phần Yeu cầu: 1. Hãy phần tích xem cty nên chọn phương án nào, tại s 2. Phân tích ebit và vốn 3. Tính ROE chọn mỗi phương thức tài trợ

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What are you trying to say

Retail chains try to design their store environments and layouts so as to make shopping as enjoyable and easy as possible and thereby encourage consumers to linger and make purchases. This most relates to

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When Retail chains designed their store environments and layouts to make shopping enjoyable and easy, its  most relates to physical environment.

Retails chains refers to chain of stores that sell similar items and under the control of the head office.

A very good example of Retails chains includes Wal-Mart, Target etc.

Usually, retails chains (like Wal-Mart, Target) designed their store environments to make shopping very enjoyable and easy for the customers.

Therefore, the operation most relates to physical environment.

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I’m the speech “I have a dream” by Martin luther king jr. did he Use of verbal signposts to create coherence?

Answers

Answer:

yes

Explanation:

he did to attract customers

Alma owns fifty shares of common stock in Alpha Corporation. Alma also owns eighty shares of preferred stock in the same corporation. Alpha Corporation has an upcoming vote for a new director. In the election for the new board member of Alpha, Alma will be able to cast:

Answers

Given the situation described above, Alma will be able to cast 50 votes.

This is because common stock gives voting rights to shareholders. And given that Alma has 50 shares of common stocks. Therefore, he would be able to cast 50 votes.

On the other hand, preferred stocks give no voting rights to shareholders.

However, preferred shareholders have preference over a company's revenue or earnings, which implies that they are paid dividends before common shareholders.

Hence, in this case, it is concluded that the correct answer is "50 votes."

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Which of the following statements is true about taxes?
A)Taxes pay for schools first responders and roads.
B)Taxes pay toll road fees and office buildings.
C)Taxes are only collected by the federal government.
D)Taxes are only collected by state governments.

Answers

The statement that is true about taxes is that A. Taxes pay for schools first responders and roads.

Taxes simply means the compulsory levies that are paid by individuals and firms to the government. The revenue gotten from taxes is vital for the development of an economy.

Tax revenues can be used in providing infrastructural facilities and pay for schools first responders and roads. First responders include police, firefighters, paramedics, etc.

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Answer:

Your answer is: A)Taxes pay for schools first responders and roads.

Explanation:

In the context of balance sheets, accounts receivable is an example of

Answers

Answer:

In the context of balance sheets, accounts receivable is an example of current liabilities immovable assets, current assets depreciated liabilities

Explanation:

Hope It helps And Please Mark Me As Brainliest

Answer:

In the context of balance sheets, accounts receivable is an example of current liabilities immovable assets current assets depreciated liabilities

Explanation:

If the monopolist faces a constant marginal cost of $5, how much output should the firm produce in order to equal marginal revenue with marginal cost

Answers

Answer:

7

Explanation:

Maybe

Lorraine is a professional food critic. After each visit, she evaluates a restaurant on their service, food quality, and atmosphere. What type of quality assessment is this

Answers

The type of quality assessment that food critic Lorraine will make on each visit, assessment of the service, food quality and ambience of a restaurant will be based on their experience.

Quality assessment is carried out by collecting data to identify compliance with pre-established standards, such as those defined by Lorraine, regarding service, food and environment.

Therefore, through her on-site experience, she will be able to assess the quality according to her criteria and then share it with the public or in media such as newspapers, magazines and blogs.

The experience of the food critic will influence the public to decide if they want to go to the place and also to the restaurant to improve the quality of their service and products.

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Which of the following is most likely to happen if a borrower fails to make
payments on time?
A. The borrower's credit score will decrease.
B. The lender will charge a lower interest rate.
C. The lender will increase the credit limit.
D. The borrower's creditworthiness will improve.

Answers

A. The borrower's credit score will decrease.

Answer:

A. The borrower's credit score will decrease.

Explanation:

Select all that apply Identify the statements below which summarize what cash discounts are. (Check all that apply.) Multiple select question. A reduced payment applies to the credit period. A buyer views a cash discount as a purchase discount. A reduced payment applies to the discount period. Cash discounts are described in credit terms. Sellers can grant a cash discount to encourage buyers to pay earlier. A seller views a cash discount as a sales discount. A seller views a cash discount as a purchase discount.

Answers

So basically 2-3 is 6 so that means that a cupboard is not actually a cupboard it’s a whale

what is 5 disadvantages of cryptocurrency?​

Answers

Answer:

What are the disadvantages of cryptocurrencies?

Unregulated Markets: Firstly, the biggest advantage of cryptocurrencies is that they can function without the existence of a central bank that coordinates their activities. However, this is also the biggest disadvantage of these investments. Firstly, since there is no central bank or exchange which mediates all transactions, most of them are irreversible. Secondly, since there is no centralized party or government which enforces its value. The value of the coin is purely determined by the value which peers investors place on it. Hence, if the investing community were to lose interest in a particular cryptocurrency because of a security incident, the units of that currency could become worthless overnight!

Volatile: Cryptocurrencies have still come a long way as compared to the past. However, they are still a very nascent technology. This means that the markets are still extremely volatile. It is common for cryptocurrencies to double in value in a matter of months. It is also common for cryptocurrencies to halve in value within the same period of time. Hence, for the moment cryptocurrencies are used by investors who are not afraid of speculation or volatility. Investors who are looking for a stable source of value for their investments continue to steer clear of the cryptocurrency markets.

Data Loss: The money invested in cryptocurrencies is held in digital wallets which are protected by digital passwords. If the owner deletes these passwords and is not able to recover them on his own, there is a big possibility that the money locked in the digital wallet may become inaccessible to them.

Legal Hassles: The problem with cryptocurrencies is that they are completely anonymous. As a result, they are widely used by crime syndicates and other people indulging in unlawful activities. Since cryptocurrencies are not regulated by the government, criminals find this to be the best way to launder their money. As an investor, this can be problematic. Since the market is completely anonymous, it is possible that investors could be aiding and abetting such money laundering activities without having any knowledge of the same. It is possible that investors might end up in a legal quagmire simply because they traded cryptocurrencies. In order to avoid such problems, many investors avoid investing in cryptocurrencies altogether. Apart from the issues mentioned above, many countries have made issuing and accepting cryptocurrencies an illegal activity. If investors trade these currencies despite the ban, then too, they are involved in illegal activities and could face legal repercussions.

Tax Hassles: Since cryptocurrencies are relatively new, there is still a lack of clarity about how the gains from these investments need to be taxed. Since the rules are not completely clear. Most countries in the world do not have tax gains from cryptocurrencies mentioned in their tax code. Even though this mention has not been explicitly done, investors are supposed to mention the income and pay taxes on them.

Since governments do not have a strong mechanism to determine the exact income from cryptocurrencies, some investors have tried to avoid paying taxes on them. This has landed them in trouble with the tax authorities. In many cases, investors genuinely wanted to pay their dues. However, due to the confusion about the exact nature of tax that needs to be applied to cryptocurrencies, they have been unable to do so. Hence, paying taxes on cryptocurrencies is also a complex task that requires significant transaction costs.

One year​ ago, your company purchased a machine used in manufacturing for . You have learned that a new machine is available that offers many​ advantages; you can purchase it for today. It will be depreciated on a​ straight-line basis over ten​ years, after which it has no salvage value. You expect that the new machine will contribute EBITDA​ (earnings before​ interest, taxes,​ depreciation, and​ amortization) of per year for the next ten years. The current machine is expected to produce EBITDA of per year. The current machine is being depreciated on a​ straight-line basis over a useful life of 11​ years, after which it will have no salvage​ value, so depreciation expense for the current machine is per year. All other expenses of the two machines are identical. The market value today of the current machine is . Your​ company's tax rate is ​, and the opportunity cost of capital for this type of equipment is . Is it profitable to replace the​ year-old machine?

Answers

Answer:

Yes it would be profitable to replace a year old machine.

Explanation:

its always best to buy new things to replace others.

old things usually dont work correctly and could be out of date.

buying something new can reduce that probability of not working correctly

All of the following are loss of control risks except ________. (1pts) Question 36 - All of the following are loss of control risks except ________. high unit cost forever vendor in driver's seat identity changes technology direction enhancements in wrong priority

Answers

Loss control is an important measures taken by individuals to prevent or reduce loss cycle from accident, injury etc. All except Identity changes are loss of control risks.

Loss Control ia often regarded as a risk management technique. It aim to reduce the likelihood that a loss will take place and/or reduce the highness of those that will take place.

It is also called risk control or safety. .

Examples are Involuntary immobility due to great fear, during earthquakes, tornadoes, and floods is a common form of loss of control.

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A hospital arranges with a third-party payer to charge the third party 85 percent of its established billing rates. During January, the hospital provided services amounting to $2.0 million at the established billing rates. Prepare journal entries to record the January billings.

Answers

The journal entries to record the January billings of the hospital are as follows:

Debit Accounts Receivable $1,700,000

Debit Finance Charge $300,000

Credit Service Revenue $2,000,000

To record the services provided.

Data Analysis:

Accounts Receivable $1,700,000 ($2,000,000 x 85%) Finance Charge $300,000 Service Revenue $2,000,000

Thus, the hospital will split the billing for January into two: the amount it will receive and the finance charge for using the third-party payer.

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All of the following are costs (fees) associated with checking accounts except

A.) Monthly Service Charges

B.) Overdraft fees

C.) ATM Card transactions fees

D.) Direct Deposit

Answers

A A monthly maintenance fee (sometimes called a monthly service fee) is money a bank charges you for working with the company. The fee is usually automatically withdrawn from your account each month. In some cases, you'll pay the fee no matter what. But many banks let you waive the fee if you meet certain requirements.

Being a single parent can be tough because
A.
You have twice the income and half the expenses.
B.
Changes in welfare laws increase the amount of time welfare will help the single parent.
C.
Taxes are much higher for single people than for those who are married.
D.
Working to support the family often means paying higher costs for child care.

Answers

Answer:

the answer is letter D

Explanation:

because as a single mother, you have to support your family, and needs to pay higher cost for your children.

The answer is letter D.

In the IRA form of a simple retirement account, employer's can contribute as much as they want into the employee's simple retirement account, even though the employee's contribution is limited to $13,500.

True or False and why. Links verifying this would be appreciated.

Answers

Answer:

true and i took the test (:

Explanation:

NEED GUIDANCE ON HOW TO DO THIS PLEASE
I need to prepare cash flow statement and financial performance statement. I have attended the photo​

Answers

Answer:

transport and travelling cost

Sarjit and Rhonda have both recently completed graduate level training in liberal arts programs. Although they studied in different fields, they are similar to each other in human capital value in the labor market. According to ________, this similarity defines Sarjit and Rhonda as belonging to the same economic class.

Answers

Economic classes refer to the position of people on the earning ladder. For Sarjit and Rhonda, the theory that classifies them into the same economic class is that of;

Karl Marx

According to Karl Marx, there are two economic classes, namely, the bourgeoisie and the proletariat. The bourgeoisie are the rich and working-class members of society while the proletariats are the workers.

Given this classification, Sarjit and Rhonda belong to the same economic class of workers.

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One of the major methods of problem solving used by economists is:
a. intuition
b. custom
c. holistic approach
d. the marginal approach

Answers

custom

In a simple answer, look at the study of economics, supply/demand, efficient pricing, lowering costs, etc. Now, take those into real world situations and APPLY the to solve the problems that every business has. The problem anyone dealing with economics, government, businesses, institutions have. Apply the economic theories, you will find that life in an office and the classroom can have different problems. Companies tend to be good at the very big stuff; raw materials, manufacturing, sales. Even there they can make improvements. But they spend a lot on transportation, communications, human resources. These things can be improved upon. Apply what you learned to real life problems and solve them.

explain two approaches that can be used to calculate GDP and explain why these Ovo approaches give the samw value to GDP​

Answers

Answer:

the value added approach the income approach the expenditures approach

A specific statement of the organization's purpose, its products, and its customers is called a mission statement.
Select one:
True
False

Answers

Answer:

true..,........................

A firm has the following sales figures: Year 2011: $2.1 million. Year 2012: $2.3 million. Year 2013 $2.5 million. Year 2014 $2.2 million. Year 2015 $3.1 million. Using the naive approach, determine the forecast for next year's sales. A. $3.2 million. B. $3.1 million. C. $3.4 million. D. $2.5 million

Answers

Answer:

3.1 million

Explanation:

naive approach assumes that your projected data point is just your most recent one

because we have 3.1 million last year we assume that it's going to be that this year

Research and find out about the changes in business sectors of Pakistan from 1947 to date. Give reasons for the changes you have identified. (10)

Answers

Answer:

Since Indian independence in 1947, the economy of Pakistan has emerged as a semi-industrialized one, the on textiles, agriculture, and food production, though recent years have seen a push towards technological diversification. ... Pakistan suffered its only economic decline in GDP between 1951 and 1952.

PowerSounds Inc. is a manufacturer of audio equipment. The corporation has production, marketing, accounting, and finance departments. They have a department that makes speakers, turntables, and accessories for professional DJs, and a department that produces equipment for home use. Marlena works in the production department manufacturing speaker components. She reports to the production manager and her project manager. Emmanuel works in the accounting department and also manages public relations. The organization requires all the employees to wear the corporation's T-shirt as part of the uniform. There are also specific procedures that the employees must follow while manufacturing the instruments.

It can be inferred that Marlena works in a ________ department.

a. flat
b. wide
c. narrow
d. line
e. staff

Answers

To be honest I’m not completely sure but think the answer is staff

2. How do you plan to fit freelancing with Rev in with your current schedule?

Answers

Based on time management analysis, to fit freelancing with Rev in with your current schedule, you should start by "creating a routine."

The other things you need to include in your plan to fit freelancing with Rev in with your current schedule include the following:

Set a priority list.Avoid procrastinationUtilize an electronic calendar to follow your scheduleComplete an end-of-the-day work.Follow a healthy work-life balance.

Hence, in this case, it is concluded that there are many ways in which you can fit freelancing with Rev in with your current schedule.

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Describe marketing tactics that the credit industry uses to trick people into getting into debt.

Answers

Considering the credit industry analysis, the marketing tactics that the credit industry uses to trick people into getting into debt include offering lower introductory APR rates.

Other marketing tactics that the credit industry uses to trick people into getting into debt include the following:

Appealing to people's social conscience Incentives and rewardsEncouraging youth cultureUsing celebrity personality as ambassadorCreating points that don’t provide strong merchandise choicePromoting the desire to spend money on your family.

Hence, in this case, it is concluded that there are various ways in which the credit industry tricks people into debts.

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rong 200 từ hoặc ít hơn, hãy giải thích một trường hợp sử dụng phân tích lợi ích – chi phí để ra quyết định mà bạn quan sát được trong cuộc sống

Answers

say wHaT?! I don't know what that meanss

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