Incorrect answer icon Your answer is incorrect. The total estimated manufacturing overhead of $264,000 was comprised of $168,000 for materials handling costs and $96,000 for purchasing activity costs. Under activity-based costing (ABC): (Round answers to 2 decimal places, e.g. 12.25.) What amount of materials handling costs are assigned to: (a) One mobile safe $enter a dollar amount per unit 336.00 each (b) One walk-in safe $enter a dollar amount per unit 120.00 each

Answers

Answer 1

Under activity-based costing (ABC), the amounts of materials handling costs assigned to the following units are:

(a) One mobile safe $210 per unit .

(b) One walk-in safe $168 per unit.

What is activity-based costing?

Activity-based costing is the costing method that assigns overhead and indirect costs to products and services based on consumption of activities.

Data and Calculations:

Materials handling costs = $168,000

Purchasing activity costs = $96,000

Total estimated manufacturing overhead = $264,000 ($168,000 + $96,000)

The following figures are assumed:

Activities:

Materials handling cost $168,000

Total hours of materials handling = 40,000 hours

Activity rate = $4.20 ($168,000/40,000) per hour

Purchasing activity cost = $96,000

Number of units purchased = 30,000

Activity rate = $3.20 ($96,000/30,000)

Consumption of activities:

                                    Material Handling hours     Number of Units used

Mobile safe per unit              50 hours                      3 units

Walk-in safe per unit            40 hours                       2 units

Overhead assigned:

                                    Material Handling

Mobile safe per unit    50 hours x $4.20 = $210

Walk-in safe per unit   40 hours x $4.20 = $168

Thus, under activity-based costing (ABC), the amounts of materials handling costs assigned to the following units are as indicated above.

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Related Questions

Firms organizing production in centrally powered factories did all of the following
except?
a) promote a more efficient division of labor
b) reduce transportation costs
Oc) reduce consumer reliance on tha de
d) enable the use of specialized machines

Answers

C. Reduce consumer reliance on trade

which payday loan lender is likely to ask you to write a check for $115 before granting you a $100 loan

Answers

The loan lender is likely to ask you to write a check  is: Payday advance company.

What is loan lender?

A loan lender is a person or a company that give out loan or lender out money to people.

A Payday advance loans company is a company that gives out loan to borrowers or lender in which the borrower are expected to payback the amount loan to them  after receiving their paycheck or salary.

Payday advance loans company  tend to given out fixed  interest rate to their borrower.

Inconclusion the loan lender is likely to ask you to write a check  is: Payday advance company.

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Sheldon Company just took its physical inventory on December 31. The count of inventory items on hand at the company’s business locations resulted in a total inventory cost of $300,000. In reviewing the details of the count and related inventory transactions, you have discovered the following items that had not been considered. 1. Sheldon has sent inventory costing $28,000 on consignment to Richfield Company. All of this inventory was at Richfield’s showrooms on December 31. 2. The company did not include in the count inventory (cost, $20,000) that was sold on December 28, terms FOB shipping point. The goods were in transit on December 31. 3. The company did not include in the count inventory (cost, $13,000) that was purchased with terms of FOB shipping point. The goods were in transit on December 31. Compute the correct December 31 inventory.

Answers

The computation of the correct December 31 Inventory of Sheldon Company is $341,000.

How is ending inventory computed?

The ending inventory should include goods on consignment and goods bought on FOB shipping point on or before December 31.

The ending inventory does not include goods sold on the FOB shipping point before the end of the year.

Data and Calculations:

Physical count value of inventory = $300,000

1. Inventory on consignment = $28,000

3. Inventory in transit = $13,000

Correct ending inventory = $341,000 ($300,000 + $28,000 + $13,000)

Thus, the computation of the correct December 31 Inventory of Sheldon Company is $341,000.

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A buyer is interested in buying a home in an older neighborhood where new sidewalks have just been installed. The buyer contacts his real estate agent who shows him the property, which is listed with a different company. The only taxes mentioned in the MLS information are the general real estate taxes. When asked, the sellers says she knows of no other taxes against the property. The agent should

Answers

What this agent has to do should be to advise the buyer that there may be special assessments levied against property.

Who is a house agent?

This is a person that acts as a third party to a person that wants to buy or rent a house and the person that is giving out the property.

The agent here has to tell the buyer that the reason for these taxes is the fact that there are other levies on the property.

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With a​ ________ plan, members are placed into small groups and make fixed monthly payments into a pooled​ account; once a​ month, a randomly selected member of the group receives that​ month's entire contributions.

Answers

With a​ collaborative savings and consumption plan, members are placed into small groups and make fixed monthly payments into a pooled​ account.

What is collaborative consumption?

Collaborative consumption is known to be a term that connote the sharing/use of a good or service by a specific group.

Through the use of normal consumption a person can pay the full cost of a good and hold exclusive access to it, but with collaborative consumption, a lot of people have access to a good and handle its cost.

See options bellow

A. collaborative savings and consumption

B. ​peer-to-peer lending

C. ​save-now-buy-later (SNBL)

D. ​rent-to-own

E. sharing economy

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What is supply in your own words

Answers

Answer:

Explanation:

I would say supply is an limited amount of something and to give those resources to someone.

Larry recorded the following donations this year: $500 cash to a family in need $2,400 to a church $500 cash to a political campaign To the Salvation Army household items that originally cost $1,200 but are worth $300. What is Larry's maximum allowable charitable contribution if his AGI is $60,000? Multiple Choice $2,900 $1,000 $2,700 $4,600 None of the choices are correct.

Answers

Larry's maximum allowable charitable contribution if his AGI is $60,000 is: $2,700.

Maximum allowable charitable contribution

A charitable contribution can be defined as the way in which a person donate his or her own money , goods or services to an organization thereby deducting the market value of this contribution from the person income tax return.

Maximum allowable charitable contribution=$2,400 to a church+ Household items worth of $300

Maximum allowable charitable contribution= $2,700

Therefore Larry maximum allowable charitable contribution if his AGI is $60,100 is $2,700.

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Charactor vs society
Darious wanted incentives to get his friends to come early to school but. Nobody seemed intetested they laughed at him. Is that chara tor vs charactor or character vs society ?

Answers

Answer: character vs society

Explanation:

this is character vs society because Darious was trying to get his friends to come to school early, which basically shows one person trying to get a group of people to do something…

If on May 17, Supreme Industries is trading as $24.60, what is the value of common stock a holder of a $1,000 note would receive

Answers

The value of common stock a holder of 1000 would receive is mathematically given as

CS= $817.95

The value of common stock a holder of 1000 would receive

Question Parameters:

Supreme Industries is trading as $24.60,

the value of common stock a holder of a $1,000 note would receive

The cash is equal to 0.25 shares.

Where,33 shares at 24.60 which is equal to

X=33* 24.60

X=811.8 1

Hence,  0.25 share will be worth

Y=\frac{24.60}{1}\times 0.25

y= 6.15

Therefore, common stock will be :

CS=811.8/ 6.15

CS= $817.95

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Complete Question

Supreme Industries issues the following announcement to holders of an issue of callable, convertible notes: "Prior to the close of business on May 17, 2008, holders may convert their Notes into shares of Supreme Industries common stock at 33.25 shares of Supreme Industries common stock per $1,000 principal amount of the Notes. Cash will be paid in lieu of fractional shares. On April 16, 2008, the last reported sale price of Supreme Industries common stock on the NYSE was $21.60 per share." If on May 17, Supreme Industries is trading as $24.60, what is the value of common stock a holder of a $1,000 note would receive?

Most of AvL Technology's marketing efforts involve

Question 5 options:

billboards


newspaper ads


radio


trade shows

Answers

newspaper ads

explanation : marketing director pop quiz

You are in charge of creating a committee on social justice for your company. There are no laws or regulations that will require you to create the committee in a certain way, and your CEO has told you that you can do whatever you think is best. This is an example of behavior governed by

Answers

Since the CEO told you that you can do whatever you think is best, then, his behavior is governed by a laissez faire style of leadership.

What is a laissez faire style of leadership?

This style of leadership is characterized by a deliberate abstention from direction or interference especially with individual freedom of choice and action.

In conclusion, because the CEO told you that you can do whatever you think is best, then, his behavior is governed by a laissez faire style of leadership.

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Answer: Free Choice

Explanation:

Explanation: The answer is the option "free choice" because they have no specific guidelines to follow. I got this answer correct on 11.16.22

staffing is a less important management function today than in the past true or false

Answers

Answer: statement is false

The answer for this statement is true

I assume it’s true to be honest I don’t know if it’s true or false

Eight major firms in the rubber products industry are located in the same town. Company managers from these firms all socialize at the same two private clubs and attend the same charity events in town. This suggests that the ________ structure of the rubber industry in this town can create opportunities for tacit collusion.

Answers

The structure of the rubber industry which allows for tacit collusion is an oligopoly.

What is an oligopoly?

An oligopoly is when there are few large firms operating in an industry. An example of an oligopoly is the Organization of the Petroleum Exporting Countries.

What are the characteristics of Oligopolies?There are high barriers to entry or exit of firms into the industry.The demand curve is downward sloping demandFirms can set the price for their goods or services.

A cartel is when two or more producers of a certain good or service come together to regulate either the price or the quantity supplied of their goods.

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What is the economic order quantity if annual demand is 100 units, the order placement cost is $25, and the holding cost per unit per year is $50

Answers

The  economic order quantity if annual demand is 100 units is: 10 units.

Economic order quantity

Using this formula

Economic order quantity =√2×Annual demand× Order placement cost/ Holding cost

Let plug in the formula

Economic order quantity=√2×100×$25/$50

Economic order quantity=√5,000/50

Economic order quantity=√100

Economic order quantity=10 units

Inconclusion the  economic order quantity if annual demand is 100 units is: 10 units.

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A property that is allegedly haunted is considered to be

Answers

Answer:

They are considered to be stigmatized property.

Select the new industry that you think would be a good fit for your company.
Automotive Industry
Now use the space below to discuss why your company should consider diversifying
into your selected industry. Your response should be about 3-4 sentences in length.
Be sure to answer the following questions: Prior to doing your research and analysis,
what are your thoughts about how your company could expand to take on this new
industry? What questions do you have regarding where to get the information and data
required for the projects? Do you think this industry will have adequate data available for
your research and data collection?

Answers

An automotive industry should consider diversifying its area of ​​activity to increase awareness and generate value for its stakeholders, achieving competitive advantage.

What is company diversification?

It corresponds to a strategy of implementing actions to expand the company's lines of activities to obtain greater development of products and services, increasing market positioning.

Therefore, a company in the automotive sector must carry out in-depth market research to identify the needs and desires of the potential consumer, in order to diversify its products in an innovative and creative way in relation to competitors.

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Both Bond Bill and Bond Ted have 12.4 percent coupons, make semiannual payments, and are priced at par value. Bond Bill has 5 years to maturity, whereas Bond Ted has 22 years to maturity. Both bonds have a par value of 1,000. If interest rates suddenly rise by 3 percent, what is the percentage change in the price of Bond Bill?

Answers

The bond value computed shows that the percentage change in the price of Bill's bond is -10.20%.

How to calculate the percentage

From the information given, the following can be deduced:

Nper = 10

PMT(semi annual payment) = 1000 × 12.4% × 0.5 = 62

FV (face value) = 1000

Rate = (12.4 + 3)/2 = 7.7%

New bond value = PV(7.7%, 10.62, 1000) = $897.97

Therefore, the percentage change will be:

= (897.97 - 1000)/1000

= -10.20%.

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What could a prospectus tell you about a company? A. The company's corporate culture B. The company's commitment to ethics C. The company's financial track record D. The company's public image​

Answers

Answer:

C. The company's financial track record.

Explanation:

A prospectus tells you about a company's financial track record. Hence, the correct option is C.

A prospectus is a document that offers details about a business selling securities to the general public. The business plan, management team, and financial history of the organization are all detailed in this document. Investors that are thinking about investing in a firm can benefit from a prospectus.

Finding information regarding the company's corporate culture or commitment to ethics is not contained in the prospectus. These are more individualized variables that can be challenging to measure. And not find information regarding the company's reputation in the prospectus either. This is due to the fact that the prospectus is a legal document created to provide investors with genuine information about the business.

Therefore, option C. is correct.

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#SPJ5

If four people of the same age each have the same education and skills, which will likely earn the greatest
amount of money?
A. The one who lives in a non-metro area in the Midwest.
B. The one who lives in a non-metro area in the West.
C. The one who lives in a metro area in the Northeast
D. The one who lives in a metro area in the South

Answers

Answer:

metro area in the north

Explanation:

more business and big cities like new york (just an example)

why has the voting public who will decide the question of how much government involvement will be in our economy

Answers

Answer: I can try to help you.

Explanation: In the narrowest sense, the government's involvement in the economy is to help correct market failures or situations in which private markets cannot maximize the value that they could create for society.

Three environmental cues and indicates how they influence your expectations for communication

Answers

Answer:

stress and pain atc. lol just

Sophia negotiated a contract with Pete under which she would buy his company for $10 million plus the amount of the company's outstanding debt (approximately $1 million). But when Pete sent a draft of the contract, it stated that the purchase would be $10 million less the company's debt. What is Sophia's ethical obligation to Pete. Should she tell him about the mistake? What Life Principles would you apply in this situation?

Answers

Sophia’s ethical obligation is to inform Pete about the mistake made in the draft of contract.

What is an ethical obligation?

An ethical obligation refers to a moral requirement to follow a certain course of action.

Hence in this case, Sophia’s ethical obligation is to inform Pete about the mistake made in the draft of contract and correct the same.

Should she tell him about the mistake?

Yes, she should tell him because both party in a contract are expected to be transparent and disclose facts to one another.

What Life Principles would i apply in this situation?

I will apply the life principles of transparency.

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the foremost need for the development of a country is of​

Answers

Answer:

Human Resources is the foremost need of development in a country. Physical Resources can only be utilized when it is implemented by humans.

Transactions and events during 2021 (summarized in thousands of dollars) follow:

a. Borrowed $12 cash on March 1 using a short-term note.
b. Purchased land on March 2 for future building site; paid cash, $9.
c. Issued additional shares of common stock on April 3 for $23.
d. Purchased software on July 4, $10 cash.
e. Purchased supplies on account on October 5 for future use, $18.
f. Paid accounts payable on November 6, $13.
g. Signed a $25 service contract on November 7 to start February 1, 2022.
h. Recorded revenues of $160 on December 8, including $40 on credit and $120 collected in cash.
i. Recognized salaries and wages expense on December 9, $85 paid in cash.
j. Collected accounts receivable on December 10, $24.

Data for adjusting journal entries as of December 31:
k. Unrecorded amortization for the year on software, $5.
l. Supplies counted on December 31, 2021, $10.
m. Depreciation for the year on the equipment, $6.
n. Interest of $1 to accrue on notes payable.
o. Salaries and wages earned but not yet paid or recorded, $12.
p. Income tax for the year was $8. It will be paid in 2022.

Required:
a. Prepare an income statement
b. Prepare the statement of retained earnings
c. Prepare the balance sheet

Answers

the anwser to this question is b. prepare the statement of the retained earnings

Pursuing multiple market segments at the same time is the best way to enter new markets. Group of answer choices True False

Answers

It should be noted that pursuing multiple market segments at the same time is not the best way to enter new markets. Therefore, it's false.

What is a market?

A market simply means the coming together of a buyer and seller for transactions purpose.

In this case, pursuing multiple market segments at the same time is not the best way to enter new markets. One needs to have complete knowledge before entering a market.

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6) The components of the U.S. M1 money supply are demand deposits and other checkable deposits plus A) currency. B) currency plus savings deposits. C) currency plus traveler's checks. D) currency plus traveler's checks plus money market deposits.

Answers

The U.S. M1 money supply definition includes demand deposits, other checkable deposits and B) currency plus savings deposits.

What is M1 Money supply?

This represents the most liquid money instruments there are as they can be easily accessed by the population.

The most liquid instruments which are in M1 include:

CurrencyDemand deposits Savings deposits Checkable deposits.

In conclusion, option B is correct.

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Makeria bought an investment for $300. Two years later she sold it for $360, what was her total ROI as a percentage?

Question 16 options:

20%


10%


360%


300%

Answers

Answer:

20%

Explanation:

300÷360×100 =20%. hence 300×100=30000÷100=20%

CARLIN:




Has been renting a two-bedroom apartment with her husband and 3 kids; wants to move into a three-bedroom home instead

Took her five years, but she has saved $20,000 for a down payment

Homes in her small town are typically selling for $75,000 to $95,000

Is preapproved for a 3. 89% interest rate on a 30-year fixed mortgage

Needs her monthly payment to be less than $400


How much total interest will she pay over the course of the mortgage for this house?

Answers

Carlin will pay a total of $45,000 for interests if she buys an $85,000 house.

What is the interest?

The interest refers to the amount of money Carlin needs to pay to the bank for the loan.

How is the interest calculated?

Total interest: Percentage given of the total loan.

Let's assume Carlin buys an $85,000 house.

$85,000 - $20,000 (down payment) = $65,000$65,000 / 100 x 3.89 = $2528

$2528 would be the annual interest paid for $65,000. However, as Carlin pays her debt the total of money left will decrease and so will do the interest that she pays.

Due to this, the total interest would be approximately $45,000.

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_____ might include attendance records, minutes of faculty meetings, policy manuals, and student portfolios.

Answers

It should be noted that attendance records, policy manuals, and student portfolios, are existing documents or records.

What is portfolio?

Portfolio simply means a collection of materials that demonstrate the abilities and skills of an individual.

Existing documents might include attendance records, minutes of faculty meetings, policy manuals, and student portfolios.

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The price of good X falls and the demand for good Y decreases. We can conclude that: X and Y are complements. X and Y are substitutes. X and Y are substitutes in production. X is a normal good

Answers

Answer:

X and Y are complements

Explanation:

When two goods are complements, they experience joint demand. When the demand for one good increases, the demand for the other increases as well.

We know that as the price of a good falls, the demand for it increases. Therefore, we know that the demand for X increases because its price fell.

The problem also tells us that the demand for Y increased also. Since the demand for both X and Y increased when the price of good X fell, we know that these two goods are complements.

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