Overhead cost drivers: determination and use of unit cost

during june, assembly department no. 4 of hot tech produced 15,000 model 201 computer keyboards. assembly of these
units required 1,875 hours of direct labor at a cost of $45,000. direct materials costing 5121.000, and 400 hours of machine
time. based on an analysis of overhead costs at the beginning of the year, overhead is applied to keyboards using the
following formula:

overhead = 120% of dlrect labor cost + $350 per machlne hour

3. compute the total amount of overhead cost applied to the 15.000 keyboards.

b. compute the per-unit cost of manufacturing these keyboards.

c. briefly explain whythe department might use two separate activity bases in applying overhead costs to one type of
product

d. identify at least two types of overhead cost pools that might be "driven" by each of the two cost drivers indicated in this
situation.

e. what appears to be the pfima/ydriver of overhead costs in the manufacture of keyboards?

f. compute the gross profit that will result from the sale of 4.000 of these keyboards at a sales price of $40 each.

List three major educational changes over the past 100 years that have positively influenced students. explain why these changes were influential.

Barbara jones opened barb’s book business on february 1, 2010. the company specilizes in editing accounting textbooks. you have been hired as manager. your duties include maintaining the company’s financial records. the following transactions occurred in february , the first month of operations. a. received shareholders' cash contributions on february 1 totaling $16,000 to form the corporation; issued 1,000 shares of common stock. b. paid $2,400 cash on february 2 for three months' rent for office space. tip: for convenience, simply record the full amount of the payment as an asset (prepaid rent). at the end of the month, this account will be adjusted to its proper balance. c. purchased and received supplies on february 3 for $300 cash. d. signed a promissory note on february 4, payable in two years; deposited $10,000 in the company's bank account. e. on february 5, paid cash to buy equipment for $2,500 and land for $7,500. f. placed an advertisement in the local paper on february 6 for $425 cash. g. recorded sales on february 7 totaling $1,800; $1,525 was in cash and the rest on accounts receivable. h. collected accounts receivable of $50 from customers on february 8. i. on february 9, repaired one of the computers for $120 cash. tip: most repairs involve costs that do not provide additional future economic benefits. j. incurred and paid employee wages on february 28 of $420.required: set up appropriate t-accounts for cash, accounts receivable, supplies, prepaid rent, equipment, furniture and fixtures, notes payable, contributed capital, service revenue, advertising expense, wages expense, and repair expense. all accounts begin with zero balances.tip: when preparing the t-accounts, you might find it useful to group them by type: assets, liabilities, stockholders’ equity, revenues, and expenses.2. record in t-accounts the effects of each transaction in february, referencing each transaction in the accounts with the transaction letter. show the unadjusted ending balances in the t-accounts. 3. prepare an unadjusted trial balance at the end of february.4. refer to the revenues and expenses shown on the unadjusted trial balance. based on this information, write a short memo offering your opinion on the results of operations during the first month of business.

Match the vocabulary word to the correct definition. 1. human resources department 2. job description 3. ethics 4. labor relations 5. occupational safety & health administration a. a detailed list of the functions and requirements for a position b. the exchange between the employer and employee c. principles that define appropriate conduct d. the government agency responsible for monitoring safety in the workplace e. the division of a business responsible for hiring, managing,maintaining, and firing the workforce