Answer:
1. Budgeted manufacturing overhead rate = Budgeted manufacturing overhead costs / Budgeted machine-hours
Budgeted manufacturing overhead rate = $3,800,000 / 200,000
Budgeted manufacturing overhead rate = $19
2. The manufacturing overhead allocated during 2017 = Actual machine-hours * Budgeted manufacturing overhead rate
Manufacturing overhead allocated = 196,000 * $19
Manufacturing overhead allocated =$3,724,000
3. Manufacturing overhead costs over-allocated = Manufacturing overhead allocated during 2017 - Actual manufacturing overhead costs
Manufacturing overhead costs over-allocated = $3,724,000 - $3,660,000
Manufacturing overhead costs over-allocated = $64,000
Answer:
The standardization of the production process for higher output levels with fewer model changes
Explanation:
The standardization of production process has the potential to reduce the unit cost, though it may also reduce the flexibility necessary for the production of different products in a timely way. Consequently, this may reduce the product value on the part of customer.
A low-cost activity not suitable for a differentiator could be bulk purchasing of standard components as it may limit product uniqueness. Differentiation instead needs activities like design innovation, market research, and the use of costly, unique resources, possibly involving international trade and evaluating different parts of the value chain.
A low-cost activity that may not be appropriate for a differentiator could be bulk purchasing of standard components. While this approach can help a company minimize costs, it may prevent differentiation if the relied-upon components are standard and widely used, thereby limiting a product's uniqueness. Focusing on differentiation requires a company to focus on activities such as product differentiation, creating unique aspects of its product that allow it to stand out from competitors. These activities can be more expensive because they often involve design innovation, in-depth market research, and costly resources or materials. Particularly, when a company engages in international trade, differentiation may involve slicing up the value chain through tasks such as specialized manufacturing or tailoring marketing approaches to specific regional markets.
#SPJ12
Answer:
$1,085,000
Explanation:
Given that,
Accounts receivable, 1/1/04 = $650,000
Credit sales for 2004 = 2,700,000
Sales returns for 2004 = 75,000
Accounts written off during 2004 = 40,000
Collections from customers during 2004 = 2,150,000
Estimated future sales returns at 12/31/04 = 50,000
Estimated uncollectible accounts at 12/31/04 = 110,000
Receivable before allowances for sales returns and uncollectible accounts:
= Accounts receivable, 1/1/04 + Credit sales for 2004 - Accounts written off during 2004 - Collections from customers during 2004 - Sales return
= $ 650,000 + $2,700,000 - $40,000 - $2,150,000 - 75,000
= $1,085,000
Answer:
3.703716
Explanation:
The duration can be calculated by dividing the present value of cash flow over time by the present value of cashflow.
Time Cash flow PV of CF PV of CF X t
1 60 $59.41 $59.41
2 60 $58.82 $117.64
3 60 $58.24 $174.71
4 1060 $1,018.64 $4,074.56
Total $1,195.10 $4,426.30
Duration = 4426.30/1195.1
Duration = 3.703716
A 4 7
B 2 4
C 8 11
D 3 5
E 5 11
Answer:
Order of processing the jobs:
Job Critical Ratio
C 1.375
D 1.667
A 1.75
B 2.0
E 2.2
Explanation:
a) Data and Calculations:
Job Processing Job due Critical
Time (days) date (days) Ratio
A 4 7 1.75 (7/4)
B 2 4 2.0 (4/2)
C 8 11 1.375 (11/8)
D 3 5 1.667 (5/3)
E 5 11 2.2 (11/5)
b) The critical ratio (CR) dispatching indicates the priority sequencing that should be adopted to process work at a work center. The first process is to create the CR priority index number, which is obtained from the formula of due days divided by the processing days. Therefore, the job with the lowest CR is scheduled first.
To determine the order of processing using the critical ratio dispatching rule, the critical ratio for each job is calculated by dividing the time remaining until the job's due date by the processing time. The job with the highest critical ratio is processed first, followed by the job with the next highest critical ratio.
The critical ratio dispatching rule is used to determine the order in which jobs should be processed based on their due dates and processing times. The critical ratio is calculated by dividing the time remaining until the job's due date by the processing time. The job with the highest critical ratio should be processed first, followed by the job with the next highest critical ratio, and so on.
Therefore, the jobs should be processed in the following order: C, E, D, A, B.
#SPJ3
Answer:
a. $5,100
Explanation:
Raw materials used in production = Beginning raw materials inventory + Raw materials purchases - Ending raw materials inventory
Raw materials used in production = $4100 + $5,600 - $4,600
Raw materials used in production = $5,100
So, the amount of raw materials used in production for the year is $5,100.
Answer:
The amount of dividends received by the common stockholders in 2018 is $40,000
Explanation:
Number of shares = 5000 shares
Outstanding shares = 20,000 shares
The board of directors declares and pays a $65,000 dividend in 2018
The amount of dividends received by the common stockholders in 2018
= $65,000 - dividend paid to preferred stocks
Where, dividend paid to preferred stocks = 5,000 × 5% × $100
= $25,000
Therefore, we have;
=$65,000 - $25,000 = $40,000