JJ
Jazmynn James
Answers (5)
JJ
Answered
Anazi Leather Company manufactures leather handbags and moccasins. The company has been using the single plantwide factory overhead rate method but has decided to evaluate the multiple production department factory overhead rate method to allocate factory overhead. The factory overhead estimated per unit together with direct materials and direct labor will help determine selling prices.
Handbags = 60,000 units, 3 hours of direct labor
Moccasins= 40,000 units, 2 hours of direct labor
Total budgeted factory overhead cost = $360,000
The company has two different production departments: Cutting and Sewing. The Cutting Department has a factory overhead budget of $80,000. Each unit will require 1 direct labor hour or a total of 100,000 direct labor hours.
The Sewing Department estimates factory overhead in the amount of $280,000. Handbags require 2 hours of sewing time, and Moccasins require 1 hour for a total of 160,000 direct labor hours.
Using the multiple production department factory overhead rate method, compute the total factory overhead to be allocated to each product using direct labor hours as the allocation base.
Handbags = 60,000 units, 3 hours of direct labor
Moccasins= 40,000 units, 2 hours of direct labor
Total budgeted factory overhead cost = $360,000
The company has two different production departments: Cutting and Sewing. The Cutting Department has a factory overhead budget of $80,000. Each unit will require 1 direct labor hour or a total of 100,000 direct labor hours.
The Sewing Department estimates factory overhead in the amount of $280,000. Handbags require 2 hours of sewing time, and Moccasins require 1 hour for a total of 160,000 direct labor hours.
Using the multiple production department factory overhead rate method, compute the total factory overhead to be allocated to each product using direct labor hours as the allocation base.
On May 31, 2024
Cutting Department factory overhead rate: $80,000 ÷ 100,000 dlh = $0.80 per dlh
Sewing Department factory overhead rate: $280,000 ÷ 160,000 dlh = $1.75 per dlh
Sewing Department factory overhead rate: $280,000 ÷ 160,000 dlh = $1.75 per dlh
JJ
Answered
A firm is considering a new project whose risk is greater than the risk of the firm's average project,based on all methods for assessing risk.In evaluating this project,what would it be reasonable for management to do?
A) increase the estimated IRR of the project to reflect its greater risk
B) reject the project, since its acceptance would increase the firm's risk
C) ignore the risk differential if the project would amount to only a small fraction of the firm's total assets
D) increase the cost of capital used to evaluate the project to reflect the project's higher-than-average risk
A) increase the estimated IRR of the project to reflect its greater risk
B) reject the project, since its acceptance would increase the firm's risk
C) ignore the risk differential if the project would amount to only a small fraction of the firm's total assets
D) increase the cost of capital used to evaluate the project to reflect the project's higher-than-average risk
On May 31, 2024
D
JJ
Answered
Social media firms help marketers connect with their customers by
A) helping firms appear more "hip" to customers.
B) helping to facilitate content sharing and interpersonal interactions.
C) helping firms establish an Internet presence.
D) allowing customers to search for products more easily.
E) allowing firms to capture customer information.
A) helping firms appear more "hip" to customers.
B) helping to facilitate content sharing and interpersonal interactions.
C) helping firms establish an Internet presence.
D) allowing customers to search for products more easily.
E) allowing firms to capture customer information.
On May 28, 2024
B
JJ
Answered
A public good is one that is generally available for consumption by the public;that is,a person does not have to be a member of a special group or a club to be able to consume it.A good example would be milk for sale in a grocery store that is open to the public.
On May 01, 2024
False
JJ
Answered
An investor refuses to invest in any firm that produces alcohol or tobacco. This is an example of a ________ constraint.
A) return requirement
B) risk-tolerance
C) liquidity
D) social
A) return requirement
B) risk-tolerance
C) liquidity
D) social
On Apr 28, 2024
D