Cahya, financial manager of Citra Garments Exports, is trying to calculate budgeted fixed overhead cost per output unit. The following details are available: Estimated machine hours required 16,000 hours Estimated labor hours required 24,000 hours Budgeted total costs in fixed overhead cost pool $5,600,000 Budgeted total production 20,000 units What is the Budgeted fixed overhead cost per unit of cost-allocation base

Budgeted fixed overhead (machine hours) = $350

Budgeted fixed overhead (labor hours) = $233.33

Explanation:

GIVEN THE FOLLOWING ;

Estimated machine hours = 16,000

Estimated labor hours = 24,000

Budgeted Total fixed overhead cost = $5,600,000

Budgeted Total production = 20,000

Budgeted fixed overhead cost per unit of Cost-allocation base is given by;

Budgeted Total fixed overhead ÷ unit of Cost-allocation base

Cost-allocation base in the question could either be :

Machine-hours or labor-hours

Allocation base :MACHINE HOURS ;

Budgeted fixed overhead cost =

Budgeted Total fixed overhead ÷ Estimated Machine hours

$5,600,000 ÷ 16,000 = $350

2) Allocation base :LABOR HOURS ;

Budgeted fixed overhead cost =

Budgeted Total fixed overhead ÷ Estimated Labor-hours

$5,600,000 ÷ 24,000 = $233.33

answer: e

explanation:

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know