Business, 03.03.2020 23:28 kingofguns1560

Manufacturing overhead consists of three different costs; (1) machine supplies (variable), (2) property taxes (fixed), and (3) plant maintenance (semivariable). July's overhead costs were $179,000 for machine supplies, $25,700 for property taxes, and $1,250,000 for plant maintenance.

Answers: 3

Show answers

Answers

(A) machine supplies $720,000 property taxes $25,700 since it is a fixed cost (B) plant maintenance cost $1,136,000, fixed cost high level of activity $114,600, low level of activity $114,700, variable cost per machine hour $17.05 per hour (C) 25.98 per hour

Explanation:

The question is not complete here is the missing part of the questions

The following selected data were taken from the accounting records of Colorado Enterprise

Month. Machine Hours. Manufacturing overhead

May. 46,000. $899,000

June. 60,000. $1,130,000

July. 68,000. $1,274,000

August. 52,000. $980,000

Here is the solution

(A) To determine the machine supplies and property for may

899,000 - 179,000

=720,000

To calculate the property taxes, since property taxes is a fixed cost, it is not affected by increases or decreases in the volume of output. It is $25,700

(B) To determine the Maintenance cost

We calculate maintenance cost, we use the level of activity at high level

1,250,000 - ( 68,000 + 46,000)

= 1,250,000 - 114,000

= $1,136,000

To calculate the monthly fixed cost and the variable cost per machine hour

Hour. Total cost

High output. 68,000. 1,274,000

Low output. 46,000. 899,000

22,000. 375,000

Variable cost per machine hour

=375,000/22,000

=$17.05 Per hour

Substituting in either the high or low volume cost

High. Low

Total cost. 1,274,000. 899,000

Variable cost. 1,159,400. 784,300

Fixed cost. 114,600. 114,700

Total overhead / Total machine hour

Total overhead = machine supplies + property taxes + plant maintenance

= 179,000 + 25,700 + 1,250,000

= 1,454,700

= 1,454,700/ 56,000

= 25.976

= $25.98 per hour

Working of variable cost

68,000 × 17.05 = 1,159,400

46,000 × 17.05 = 784,300

Answer from: Quest

explanation:

regressive tax taxes the poor and less of the wealthy. this the rich get richer and the poor get more poor. this would create a large wealth gap.

Answer from: Quest

As a costumer i would say c.hope it !

Another question on Business

Business, 21.06.2019 22:10

Arival company manufactures fuel tanks for cars using a different production technique. the total weekly cost (in dollars) of producing x tanks is given by c(x) = 10000 +90x - 0.04x2 find the marginal cost at a production level of 500 fuel tanks per week to approximate the cost of the 501st unit (round to the nearest 2 decimal places, if needed)

Answers: 3

Answer

Business, 22.06.2019 11:30

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is

Answers: 2

Answer

Business, 22.06.2019 13:50

Which one of the following statements is true? ddt does not prevent disease from passing from agricultural animals to humans. cost was a major factor in the united states government's decision to ban ddt. many african governments concluded that the potential long-term health effects of ddt were not as serious as the immediate problem of insect control. ddt cannot accumulate in the fat of animals. the ddt ban in the united states has made it very difficult to control agricultural insect pests.

Answers: 3

Answer

Business, 22.06.2019 19:30

The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?

Answers: 1

Answer

You know the right answer?

Manufacturing overhead consists of three different costs; (1) machine supplies (variable), (2) prope...

Questions