Business, 11.02.2020 01:45 KariSupreme
Hultquist Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates:Forming Customizing TotalEstimated total machine-hours (MHs) 7,000 3,000 10,000Estimated total fixed manufacturing overhead cost $25,900 $7,200 $33,100Estimated variable manufacturing overhead cost per MH $2.50 $5.00 During the period, the company started and completed two jobs--Job C and Job L. Data concerning those two jobs follow:Job C Job LDirect materials $16,900 $10,300Direct labor cost $23,600 $10,600Forming machine-hours 1,250 2,000Customizing machine-hours 1,250 500Required:a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate. (Round your answer to 2 decimal places.)b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the amount of manufacturing overhead applied to Job L. (Do not round intermediate calculations.)c. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate the total manufacturing cost assigned to Job L. (Do not round intermediate calculations.)d. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling price for Job L.
Answers: 1
Business, 22.06.2019 20:30
(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?
Answers: 1
Business, 23.06.2019 09:30
Acolleague from the plant in germany has arrived at the chicago plant to share insights on a recent product line changeover implemented in germany. this changeover has saved thousands of euros at the german facility, but jim does not think it will work in the united states. jim feels that there is a completely different attitude towards work and innovation in the u.s., and in fact, thinks the german facility is technologically behind his plant. additionally, the colleague often mispronounces words when he speaks english, and doesn't dress appropriately for the u.s. office. he showed up to work on the plant floor in a formal suit and tie, with dress shoes that had a slippery sole. however, the colleague is a guest, and it is important that jim pretends to be interested. identify the listening barriers. check all that apply. thought speed grandstanding faking attention nonverbal distractions psychological barriers
Answers: 1
Business, 23.06.2019 22:20
The supreme choice pizza at pizza paradise contains 2 different meats and 2 different vegetables. the customer can select any one of 6 types of crust. if there are 4 meats and 9 vegetables to choose from, how many different supreme choice pizzas can be made?
Answers: 1
Business, 24.06.2019 02:30
Acompany enters into a short futures contract to sell 5,000 bushels of wheat for 250 cents per bushel. the initial margin is $3,000 and the maintenance margin is $2,000. what price change would lead to a margin call? under what circumstances could $1,500 be withdrawn from the margin account?
Answers: 2
Hultquist Corporation has two manufacturing departments--Forming and Customizing. The company used t...
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