JacksonIndustries produces two products. The products' estimated costs are as follows:
Product A Product B
Direct Materials $20,000 $15,000
Direct Labor $30,000 $10,000
The company's overhead costs of $200,000 are allocated based on labor cost. Assume 4,000 units of product A and 5,000 units of Product B are produced. What is the total amount of production costs that would be assigned to Product A? (Do not round intermediate calculations.)
a. $200,000
b. $75,000
c. $50,000
d .$150,000
e. $114,285.71

Answer:

Total production cost= $200,000

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 200,000 / (30,000 + 10,000)

Predetermined manufacturing overhead rate= $5 per direct labor cost

Now, we can allocate overhead to Product A:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 5*30,000

Allocated MOH= $150,000

Finally, the total production cost for Product A:

Total production cost= 150,000 + 20,000 + 30,000

Total production cost= $200,000

Buffet Company was organized in January 2018 and has 1,000 shares of $200 par value, 10 percent, noncumulative preferred stock outstanding and 3,000 shares of $1 par value common stock outstanding. Dividends declared and paid each year are $10,000 in 2018, $15,000 in 2019, and $75,000 in 2020. During 2020, the dividends that must be paid to the preferred and common stockholders, respectively, total _____. multiple choice $35,000 and $40,000 $75,000 and $0 $20,000 and $55,000 $100,000 and $0

Consider the monopolistically competitive market structure, which has some features of a competitive market and some features of a monopoly.
Complete the following table by indicating if each attribute characterizes a competitive market, a monopolistically competitive market, both, or neither. Check all that apply.
Attributes Competitive Market Monopolistically Competitive Market
Few sellers
Free entry
Price is equal to marginal cost
Price equals average total cost in the long run

Thomlin Company forecasts that total overhead for the current year will be $12,300,000 with 150,000 total machine hours. Year to date, the actual overhead is $8,270,500, and the actual machine hours are 97,300 hours. If Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is a.$291,900 overapplied b.$291,900 underapplied c.$158,100 overapplied d.$158,100 underapplied

XYZ Corporation uses a process costing system to collect costs related to the production of its cola. The cola is first processed in a Mixing Department and is then transferred out and finished up in the Bottling Department. The finished cases of cola are then transferred to Finished Goods Inventory. The following information relates to the company's two departments for the month of January:

Cases of cola in WIP, January 1: Mixing = 10,000; Bottling = 3,000
Cases of cola completed/transferred out during January: Mixing = 77,000; Bottling = ?
Cases of cola in WIP, January 31: Mixing = 4,000; Bottling = 8,000

Required:
How many cases of cola were completed and transferred to Finished Goods Inventory during January:

a. 66,000
b. 71,000
c. 72,000
d. 74,000

Assume that management is evaluating the purchase of a new machine as follows: Cost of new machine: $800,000 Residual value: $0 Estimated total income from machine: $300,000 Expected useful life: 5 years The average rate of return on this asset would be _____. 15% 14% 13% 16% 2. Cash payback period is computed as _____. Initial Cost multiplied by Annual Net Cash Inflow Initial cost plus Residual Value divided by Net Cash Inflow Estimated Average Annual Income divided by Total Cash Inflow Initial Cost divided by Annual Net Cash Inflow

Bricktan Inc. makes three products, basic, classic, and deluxe. The maximum Bricktan can sell is 715,000 units of basic, 420,000 units of classic, and 120,000 units of deluxe. Bricktan has limited production capacity of 90,000 hours. It can produce 10 units of basic, 8 units of classic, and 4 units of deluxe per hour. Contribution margin per unit is $15 for the basic, $25 for the classic, and $55 for the deluxe. What is the most profitable sales mix for Bricktan Inc.? 1
A. 50,000 basic, 120,000 classic and 240,000 deluxe.
B. 75,000 basic, 420,000 classic and 120,000 deluxe.
C. 600,000 basic, 0 classic and 120,000 deluxe.
D. 71,500 basic, 420,000 classic and 240,000 deluxe.
E. 300,000 basic, 240,000 classic and 120,000 deluxe.

A trust has been established to fund scholarships in perpetuity. The next annual distribution will be $1,200, and future payments will increase by 3 percent per year. What is the value of this trust at a discount rate of 7.4 percent

An improvement in a country's balance of payments means a decrease in its balance of payments deficit, or an increase in its surplus. In fact we know that a surplus in a balance of payments A) is always beneficial. B) is usually beneficial. C) is never harmful. D) is sometimes harmful. E) is always harmful.

Efficiency in a market is achieved when:_______.
a. a social planner intervenes and sets the quantity of output after evaluating buyers' willingness to pay and sellers' costs.
b. the sum of producer surplus and consumer surplus is maximized.
c. all firms are producing the good at the same low cost per unit.
d. no buyer is willing to pay more than the equilibrium price for any unit of the good.

Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows:

Job 201 $4,850
Job 202 2,420
Job 203 1,910
Job 204 3,570
Factory supervision 1,660

Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $28 per direct labor hour. The direct labor rate is $17 per hour. If required, round final answers to the nearest dollar.

a. Journalize the entry to record the factory labor costs.
b. Journalize the entry to apply factory overhead to production for November.

Draus Products Company uses activity-based costing to compute product costs for external reports. The company has three activity cost pools and applies overhead using predetermined overhead rates for each activity cost pool. Estimated costs and activities for the current year are presented below for the three activity cost pools.
Estimated Overhead Cost Expected Activity
Activity #1 $60,048 4,800
Activity #2 $58,656 2,400
Activity #3 $130,324 4,400
Actual costs and activities for the current year were as follows.
Actual Overhead Cost Actual Activity
Activity #1 $59,798 4,830
Activity #2 $58,476 2,370
Activity #3 $130,234 4,450
The total amount of the debits to the manufacturing overhead during the year was closest to:__________.
a. $248,508.
b. $248,988.
c. $250,334.
d. $251,110.

Given the following information, prepare an income statement for the Dental Drilling Company.

Selling and administrative expense $90,000
Depreciation expense 75,000
Sales 621,000
Interest expense 46,000
Cost of goods sold 231,000
Taxes 50,000

The Fisher Effect equation can be used to determine the real interest rate. Use this equation to determine the answer to the question. If the nominal interest rate is 0.1100.110 , and the inflation rate is 0.0250.025 , what is the real interest rate

Contribution Margin Willie Company sells 24,000 units at $33 per unit. Variable costs are $21.78 per unit, and fixed costs are $134,600.
Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.
a. Contribution margin ratio (Enter as a whole number.) ______ %
b. Unit contribution margin (Round to the nearest cent.) $_______ per unit
c. Operating income $______

Which one of the following is unlikely to be an attractive and effective way to reduce the design, assembly, marketing, and other costs of UAV drones and help achieve a sizable competitive advantage over rival companies based on lower overall costs per UAV drone sold?

a. Trying to spend below-average amounts on website product displays, search engineO a advertising, and retailer recruitment/support in all 4 regions, provided it is competitively O o feasible to do so (but in any case exercise restraint in spending amounts well above the regional averages unless the resulting sales gains are big enough to lower costs per drone oa sold).
b. Trying to keep the warranty period to 60 days (f rivals offer long warranty periods), and higher than 120 days (f rivals offer short warranty periods) Switching to robot-assisted assembly methods to lower labor costs per drone assembled.
c. Striving to keeping marketing costs per UAV drone sold in all 4 geographic regions to levels that are several dollars below the industry-average benchmark.
d. Trying to keep the warraby period to 60 days or 90 days (but no more than 120 days), if it is competitively feasible to do so.

Áp dụng một trong các phương pháp quản trị chất lượng để phân tích thực trạng công tác quản trị chất lượng tại một tổ chức/doanh nghiệp cụ thể.

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which of the following attributes is not necessary for the information to qualify as a trade secret?
​

If an investor has a choice of investing money at 6% compounded daily or 6.025% compounded quarterly which one is best

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a. A firm offering little customization cannot compete simultaneously on the dimension of consistent quality.
b. A firm that competes on the dimension of customization tends to have operating systems that are inflexible.
c. It is impossible for a firm to improve cost and quality simultaneously.
d. A firm that competes on the dimension of volume flexibility is more likely to manufacture products that experience a seasonal demand variation.

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a) Books and Supplies.
b) Tuition and Fees.
c) Equipment.
d) Room and Board.

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A. Notes Receivable for $5,000.
B. Accounts Receivable - AZC for $5,000.
C. Cash for $5,000.
D. Cash for $5,100.
E. Accounts Receivable - AZC for $5,100.
F. Notes Receivable for $5,100.

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Prepare the necessary December 31 adjusting entry by selecting the correct account names and dollar amounts

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Year 2 46,500 66,500
Year 3 71,500 56,500
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