Perdon Corporation manufactures safes-large mobile safes, and large walk-in stationary bank safes. As part of its annual budgeting
process, Perdon is analyzing the profitability of its two products. Part of this analysis involves estimating the amount of overhead to be
allocated to each product line. The information shown below relates to overhead.
Mobile Safes Walk-in Safes
200
50
300
200
Units planned for production
Material moves per product line
Purchase orders per product line
Direct labor hours per product line
450
350
800
1,700
(a)
* Your answer is incorrect.
The total estimated manufacturing overhead was $280,000. Under traditional costing (which assigns overhead on the basis of
direct labor hours), what amount of manufacturing overhead costs are assigned to: (Round answers to 2 decimal places, eg. 12.25.)
(1)
One mobile safe
$
350
per unit
(2)
One walk-in safe
$
1647
per unit
Answers
Under the traditional costing method (which assigns overhead on the basis of direct labor hours), the amount of manufacturing overhead costs assigned to the following by Perdon Corporation are:
1) One mobile safe $448 per unit
2) One walk-in safe $3,808 per unit
What is a predetermined overhead rate?A predetermined overhead rate is used by the traditional costing method, unlike the Activity-based costing system (ABC), which uses activity drivers and cost pools.
The traditional costing method assigns overhead costs based on a companywide cost driver, for example, direct labor hours.
Data and Calculations:Total overhead = $280,000
Mobile Safes Walk-in Safes Total
Units planned for production 200 50 250
Material moves per product line 300 200 500
Purchase orders per product line 450 350 800
Direct labor hours per product line 800 1,700 2,500
Predetermined overhead rate per direct labor hour = $112 ($280,000/2,500).
Total overhead costs assigned to $89,600 $190,400
($112 x 800) ($112 x 1,700)
Overhead per unit $448 $3,808
($89,600/200) ($190,400/50)
Thus, under the traditional costing method, the amount of manufacturing overhead costs assigned are $448 per unit of Mobile Safe and $3,808 per unit of Mobile Safe.
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Related Questions
Please describe what is wrong with
this statement: Our technical support
team is available 24/7 Monday
through Friday.
Answers
The problem that is wrong here is that the team are said to be available 24/7, yet the days mentioned are from monday to friday. That is 5 days.
How is this wrong in the statement.When the 24/7 term is used, it refers to the fact that a team would be available from monday through sunday.
The complete days of the week would be occupied by the team. It is a contradiction to use 24/7 and monday through friday together.
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A username and password is an example of a ______.
A. One-factor authentication
B. Two-factor authentication
C. Call back
D. Single sign-on
Answers
QUESTION
A username and password is an example of a ______.ANSWER
A. One - factor AuthenticationEXPLANATION
One/Single-factor authentication is the simplest form of authentication methods. With SFA, a person matches one credential to verify himself or herself online. The most popular example of this would be a password (credential) to a usernameAnswer:
One factor authentication
Explanation:
See when you use username and password option
First it asks for usernamethen for password beneath it .So it happens for once only you won't need any more authentication.
So option A is correct
Which of the following will you see in a
credit card monthly statement?
A. The interest charged for each type of service used.
B. The deductible for the interest charged to the card.
C. The annual financial plan for the year.
D. The amount of money you may get in the future.
Answers
Which type of economy has a high birth and death rate because of lack of adequate health care?
A.
economies with a high standard of living
B.
emerging market economies
C.
developed economies
D.
developing economies
Answers
Answer:
D
Explanation:
Because they have a weak healthcare sector and it is possible that their population is malnourished.
Answer
emerging
Explanation:
due to the new way of thinking
Economic significance of the stages of production
Answers
Stage two is the period where marginal returns start to decrease.
In stage three, marginal returns start to turn negative.
Farmers company purchased equipment on January 1 year one for $96,000 The equipment is estimated to have a five-year life and a salvage value of 13,000 the company use straight line depreciation method at the beginning of year for farmer revise the expected life to eight years the annual amount of depreciation expense for each of the remaining years would be
Answers
Answer:
$6,240
Explanation:
annual amount of depreciation expense for each of the remaining years would be $6,240.
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Respond by (1) Identifying the type of syllogism below (Categorical, Disjunctive, Conditional) and (2) explain, in your own words, why the structure of the syllogism may be correct, but the conclusion could be false.
Major Premise: If the sidewalk is wet, then it must have just rained.
Minor Premise: The sidewalk is wet.
Conclusion: Therefore, it just rained.
Answers
The syllogism used is conditional, that is, it occurs through deductive reasoning, because if the minor premise is true, the minor premise will also be true.
What is Conditional syllogism?It is a type of syllogism widely used in everyday life, but the conclusion is not always true, because despite having two true premises, the conclusion can be false, because the argumentation is not always valid, as it does not directly represent the premises.
Therefore, despite being syllogisms that follow the pattern of "If" and "then" to express a logic, the conclusion will not always be true, as this type of syllogism can also be hypothetical.
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Budgets that are revised by adding a new quarterly budget to replace the quarter that just elapsed are called: A) Production budgets. B) Sales budgets. C) Cash budgets. D) Rolling budgets. E) Capital expenditures budgets.
Answers
When a budget is revised by adding a new quarterly budget to replace a previous one, this is a D. Rolling budget.
What is a rolling budget?This is a type of budget that is considered continuous and perpetual because it captures the needs of the company over a longer period.
For instance, a rolling budget might be for a year but divided into 4 parts for each quarter such that as each quarter comes along, the company will simply start using the next quarterly budget.
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Financial accounting
Answers
Answer:
What is the radius if the diameter is 12 meter
The town of Newton, Iowa, has a population of only 15,800, with 4,000 employed by the Maytag manufacturing plant located there. This situation would be an example of Choose one: A. a monopoly. B. derived demand. C. a monopsony. D. economic rent.
Answers
Based on the situation in the town of Newton, we can refer to this as an example of a C. Monopsony.
What is a Monopsony?This refers to an economic situation where there is only one buyer for the goods and services being supplied.
The situation in Newton is a monopsony because Maytag Manufacturing seems to be the only or at the very least, the major buyer of the town's labor.
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Based on what you see in the employee complaint log, what type of culture has HydroHealth been exhibiting? Servant? Equity? Clan? Market? List of complaints - Sales: Female employee was told by male supervisor that she should to get ahead in sales. - Operations: Male employee was berated by his female supervisor in front of other employees and called and a because he misfiled some customer records. - Accounting: Male employee was told by two other male employees that HydroHealth will not be ahead of the competition for much longer with "" like him around. -Sales: Male employee was told be female supervisor to when he complained about her tone with him. - IT: Female employee was told by female supervisor to get on a competitor so it can be leaked to the market. - Legal: Female employee was told be male employee that during a work trip. - Accounting: Male employee was told be female supervisor that he needs to if he is going to be part of an industry leading company.
Answers
Based on the record of employee complaints, it is correct to say that the HydroHealth company is exhibiting the market culture.
What is market culture?It corresponds to an organizational culture based on competitiveness in the internal and external environment, that is, competitiveness is also encouraged among employees, being a more aggressive model of culture.
Therefore, the market culture can generate some disadvantages, such as increased employee turnover and task overload, increasing conflicts and negatively impacting the perception of work.
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Explain the impact of intonation when used appropriately to support intentions
Answers
The impact of intonation is that it helps to stress or convey information beyond what is being said.
What is intonation?This term is used to refer to the pitch of a person's tone or voice while they are speaking. It is the rise and the fall in their voice.
The kind of intonation a person has while talking can tell you to an extent how they are feeling.
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If profits are negative in a monopolistically competitive market, then: the industry will stop production. new firms will enter the market until economic profits are zero. firms will exit the market until economic profit returns to the optimal positive level. firms will exit the market until economic profit returns to zero
Answers
Profits are negative in a monopolistically competitive market, the new firms will enter the market until economic profits are zero.
What is competitive market?Competitive market is a market that involves many sellers and producer that are competing with one another.
They compete to provide goods and services
Therefore, profits are negative in a monopolistically competitive market new firms will enter the market until economic profits are zero.
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On January 1, Boston Enterprises issues bonds that have a $1,350,000 par value, mature in 20 years, and pay 8% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will Boston pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and (c) the second interest payment on December 31. 3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 97 and (b) 103.
Answers
1. The amount of interest that Boston Enterprises will pay in cash to the bondholders every six months is $54,000 ($1,350,000 x 4%).
2. The preparation of the journal entries to record the following for Boston Enterprises is:
January 1:
Debit Cash $1,350,000
Credit Bonds Payable $1,350,000
To record the issuance of bonds at par for cash.2. b) The first interest payment on June 30:
June 30:
Debit Interest Expense $54,000
Credit Cash $54,000
To record the first interest payment.2. c) The second interest payment on December 31:
December 31:
Debit Interest Expense $54,000
Credit Cash $54,000
To record the first interest payment.3) The preparation of the journal entry for the issuance of the bonds, assuming the bonds are issued at:
a) 97:
Debit Cash $1,309,500
Debit Bonds Discounts $40,500
Credit Bonds Payable $1,350,000
To record the issuance of bonds at par at a discount.b) 103:
Debit Cash $1,390,500
Credit Bonds Payable $1,350,000
Credit Bonds Premium $40,500
To record the issuance of bonds at par at a premium.
Data and Calculations:Bonds face value = $1,350,000
Maturity period = 20 years
Issuance date = January 1
Interest rate = 8%
Interest payment = semi-annually
Interest payment dates = June 30 and December 31
Transaction Analysis:2. a) The issuance of the bonds on January 1:
Cash $1,350,000 Bonds Payable $1,350,000
2. b) The first interest payment on June 30:
Interest Expense $54,000 Cash $54,000
2. c) The second interest payment on December 31:
Interest Expense $54,000 Cash $54,000
3) The preparation of the journal entry for the issuance of the bonds, assuming the bonds are issued at:
a) 97:
Cash $1,309,500 Bonds Discounts $40,500 Bonds Payable $1,350,000
b) 103:
Cash $1,390,500 Bonds Payable $1,350,000 Bonds Premium $40,500
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Rachael works in a matrix organization, and although she found it confusing at first, she has seen the inherent opportunities. Instead of being promoted from biology head to research head, Rachael prefers a project career, with opportunities to serve in increasingly responsible and diverse project manager/project director positions. Fortunately, one of the strengths of a matrix organization is
Answers
The strengths of a matrix organization is more career choices on both sides of the organization.
What is a Matrix organization?This involves individuals reporting to more than one leader and the line of communication is usually unlimited and doesn't adhere to a singular line of command.
The roles are usually interchanged which is why she will benefit from the more career choices on both sides of the organization.
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As more and more firms around the world tighten their corporate governance mechanisms by setting up boards of directors made up of insiders, outsiders, and related outsiders, what will be the most likely effect on these firms' ethical standards and behavior
Answers
The most likely effect is that it will most likely deter unethical behavior among top-level managers.
What is Ethics?This refers to the moral principles that guide an individual's behavior and conduct of activity.
Hence, we can see that based on the creation of a board of directions that tightens up corporate governance mechanisms, there would be stronger boundaries that will deter unethical behavior among top-level managers.
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it is used to market the product that the business is selling?
Answers
Answer:
The four Ps of marketing are the key factors that are involved in the marketing of a good or service. They are the product, price, place, and promotion of a good or service. Often referred to as the marketing mix, the four Ps are constrained by internal and external factors in the overall business environment, and they interact significantly with one another.
The 4 Ps are used by companies to identify some key factors for their business, including what consumers want from them, how their product or service meets or fails to meet those needs, how their product or service is perceived in the world, how they stand out from their competitors, and how they interact with their customers.
KEY TAKEAWAYS
The four Ps are the four essential factors involved in marketing a good or service to the public.
These are the four Ps: the product (the good or service), the price (what the consumer pays), the place (the location where a product is marketed), and promotion (the advertising).
The concept of the four Ps has been around since the 1950s; as the marketing industry has evolved, the concepts of people, process, and physical evidence have become important components of marketing a product, too.
What are the main goals of Fiscal Policy?
Answers
Answer:
In economics and political science fiscal policy is the use of government revenue collection and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorized that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation and to increase employment. Additionally, it is designed to try to keep GDP growth at 2%–3% and the unemployment rate near the natural unemployment rate of 4%–5%.This implies that fiscal policy is used to stabilize the economy over the course of the business cycle.
Explanation:
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The main goals of fiscal policy are it is the use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty.
What is fiscal policy?Fiscal policy is defined as the policy under which the government uses the instrument of taxation, public spending and public borrowing to achieve various objectives of economic policy. Simply put, it is the policy of government spending and taxation to achieve sustainable growth.
Fiscal policy is often contrasted with monetary policy which is regulated by the central bank. It is largely inspired by the ideas of British economist John Maynard Keynes whose theories were developed in the response to the Great Depression and were hugely influential in the formulation of the New Deal in the U.S. that aimed at huge spending for public projects and social welfare development.
When policymakers want to influence the economy, they mainly have two tools at their disposal, Monetary policy and Fiscal policy.
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If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding? Why? (3-6 sentences. 2.0 points)
Answers
Answer:it is B
Explanation:its the mosr resonable
What could happen if an employee goes against what the business needs
Answers
Answer:
she must be fire
Explanation:
because he or she brakes the law
Interest will gather on all of the
following EXCEPT which one?
A. a cash purchase
B. an automobile loan
C. a home loan
D. a credit card loan
Answers
All of the following statements regarding “barter” are true EXCEPT:
It is efficient in terms of resources used.
Its widespread use is limited.
It is an exchange system where goods trade for goods.
Since it requires you to find someone willing to trade, it can be time consuming
Answers
Answer:
1
Explanation:
"It is efficient in terms of resources used."
It is false.
Personal and business finances should be kept separate.
True
False
Answers
Answer:
(True) It is accurate that personal and business finances should be kept separate.
Explanation:
Though there are various advantages to keeping your personal and company finances separate, tax and personal security issues are two of the most essential. Keeping track of company spending for tax purposes is significantly easier when you have a separate business account and separating your business and personal funds might be a burden, but it can also assist safeguard your assets in the event of legal action.
Robert receives a salary of $60,000 per year, or $2,500 semi-monthly. How
much does Robert pay in unemployment taxes for the entire year?
A. $840
B. $0
C. $420
D. $210
Answers
The amount that Robert will pay in unemployment taxes for the entire year will be B. $0.
Determination of Unemployment Taxes PayableEmployers are subject to an unemployment tax which is known as Federal Unemployment Tax Act (FUTA) depending on the wages and salaries they pay their workers.
Employers must pay FUTA if their employees earn $1500 or more per calendar quarter.
Employers are not obligated to withhold FUTA from employees if we compare it to other payroll-based taxes.
As a result, no unemployment taxes should be deducted from Robert's pay.
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what type of economic system does cubs have
Answers
Answer:
the economy of cuba is a mixed command dominated by state-run enterprises most of the labor force is employed by the state.
how do we affect the economy?
Answers
What is the value proposition of Tata Nano?
Answers
Answer the following question using this order book: Order Book Example Buy Orders (Bids) Sell Orders (Asks) Amount Price Amount Price 63 $42.15 3 $42.16 36 $42.12 68 $42.22 112 $41.99 113 $42.25 3 $41.88 9 $42.44 What is the spread for this security after an investor submits a sell order for 185 shares at $41.87
Answers
The spread for this security after an investor submits a sell order for 185 shares at $41.87 is c.) $0.38.
What is the spread?The spread is the gap or difference between the bid and the ask prices of a security or asset, like a stock, bond, or commodity
The spread is commonly known as a bid-ask spread. This implies that while the investor is bidding to sell the security at $41.87, it could be sold for $42.25, giving a difference (spread) of $0.38 per share.
Data and Calculations:Buy Orders (Bids) Sell Orders (Asks)
Amount Price Amount Price
63 $42.15 3 $42.16
36 $42.12 68 $42.22
112 $41.99 113 $42.25
3 $41.88 9 $42.44
Spread at a ask price of $42.25 = $0.38 ($42.25 - $41.87)
Answer Options:a.) 0.01
b.) 0.29
c.) 0.38
d.) 0.17
Thus, the spread for this security after an investor submits a sell order for 185 shares at $41.87 is c.) $0.38.
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The purchase of which of the following gives the buyer part ownership of a company?
A
stock
B
bond
C
futures contract
D
treasury bill
Answers
[tex]\qquad\qquad\huge\underline{{\sf Answer}}♨[/tex]
The Correct option is Stocks !
Stocks are part of net worth of a company, and person who owns stocks of a particular company gains part ownership of that company.
Answer:
A -- Stock
Explanation:
Say an investor buys stock they are buying a percentage of ownership in that company.
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what is value laden exchange?
Answers
Answer:
A value exchange is a description of a transaction which can include, but may not necessarily be, financial in nature. Examples of a value exchange between a brand and a customer can include: The trading of money for goods or services (a straightforward financial transaction)
Explanation: