During the month of August, Ranson Productions applied overhead to jobs using an overhead rate of $0.60 per dollar of direct labor. Actual direct labor in August was 12,000 hours at $15.00 per hour, for a total of $180,000. Estimated overhead in August was $111,600.
Actual overhead was composed of the following items:
Indirect materials $ 16,400
Indirect labor 22,000
Utilities 24,500
Depreciation 38,700
Repair expense 13,500
Total $115,100
How much overhead was applied during August by Ranson Productions?
A. $115,100
B. $108,000
C. More information is needed to answer
D. $111,600

Answers

Answer 1

Answer:

B. $108,000

Explanation:

The computation of the overhead applied is as follows:

= Total actual direct labors cost × overhead rate

= $180,000 × 0.60

= $108,000

Hence, the overhead was applied during August by Ranson Productions is $108,000

We simply applied the above formula


Related Questions

Suppose a mutual fund qualifies as having moderate risk if the standard deviation of its monthly rate of return is less than 5​%. A​ mutual-fund rating agency randomly selects 24 months and determines the rate of return for a certain fund. The standard deviation of the rate of return is computed to be 4.54​%. Is there sufficient evidence to conclude that the fund has moderate risk at the α=0.05 level of​ significance? A normal probability plot indicates that the monthly rates of return are normally distributed. What are the correct hypotheses for this​ test? The null hypothesis is H0

Answers

Answer:

H0 : σ = 5

H1 : σ < 5

there is no sufficient evidence to conclude that fund has moderate risk.

Explanation:

The hypothesis :

H0 : σ = 5

H1 : σ < 5

The test statistic using the Chisquare variance test :

χ² = (n-1)*s²/σ²

The sample size, s = 4.54

The sample size, n = 24

α = 0.05

Test statistic ;

χ² = [(24 - 1) * 4.54²] / 5²

χ² = (23 * 20.6116) / 25

χ² = 18.962

The Pvalue :

df = n - 1 = 24 - 1 = 23

Pvalue(0.05, 23) = 0.7034

Since Pvalue > α ; we fail to reject the Null ;

Hence, there is no sufficient evidence to conclude that fund has moderate risk.

Suppose that the tax on interest income is levied on the nominal interest​ rate, the tax rate is 20 ​percent, and the real interest rate is 4 percent a year. There is no inflation.
Calculate the​ after-tax real interest rate and the true tax rate on interest income.

Answers

Answer:

After-tax interest rate ⇒ 3.2%True tax on interest income ⇒ 20%

Explanation:

After-tax real interest rate:

= Real interest rate * (1 - tax rate)

= 4% * (1 - 20%)

= 4% * 80%

= 3.2%

True tax on interest income:

= 20%

True tax on interest income is the tax rate levied on the nominal interest rate which is 20%.

The process of acquiring political beliefs is called political socialization.
true or false

Answers

True

Political socialization is the "process by which individuals learn and frequently internalize a political lens framing their perceptions of how power is arranged and how the world around them is (and should be) organized; those perceptions, in turn, shape and define individuals' definitions of who they are and how they should behave in the political and economic institutions in which they live

The following transactions took place in Boeing Business.
01.03.2021 - Purchase of goods costing Rs. 150000 from Airbus
company on credit.
05.03.2021 - Return of goods costing Rs. 30000 to Airbus
20.03.2021 - Sale of goods costing Rs. 100000 for Rs. 160000 on
credit
29.03.2021 - Payment of sales commission of Rs. 10000
02.04.2021 – Settlement of the full amount due to Airbus
What is the accounting equation which shows the net impact of the
above transactions in Boeing business as at 31.03.2021?
Assets
Liabilities
+
Equity

Answers

Answer:

1) Dr: Goods/Inventory (Asset increase) 150000

Cr: Payable (Liability increase) 150000

2) Dr: Payable (Liability decrease) 30000

Cr: Goods (Asset decrease) 30000

3) Dr: Payable (Liability decrease) 30000

Cr: Goods (Asset decrease) 30000

4) Dr: Receivables (Asset increase) 160000

Cr: Goods (Asset Decrease) 100000

Cr: Profit and loss (Equity increase) 60000

5) Dr: Commission Expense (Equity decrease) 10000

Cr: Cash (Asset Decrease) 10000

6) Dr: Payable (Liability decrease) 120000

Cr: Cash (Asset Decrease) 120000

As of December 31, Drake Inc. reported the following (in millions): Current AssetsLong-term AssetsCurrent LiabilitiesTotal Liabilities $31,967$42,737$26,132$61,491 What amount did Drake Inc. report as equity on December 31

Answers

Answer:

$13,213

Explanation:

The computation of the equity is shown below:

As we know that

Total assets = total liabilities + total stockholder equity

here

Totalassets be

= $31,967 + $42,737

= $74,707

ANd, the total liabilities is $61,491

So, the equity should be

= $74,707 - $61,491

= $13,213

Allie, a human resource manager at an electronics firm, observes that many employees who are reaching the traditional retirement age are not interested in leaving the organization. Which statement best explains the reason for this trend among older employees?
A) There are laws against gender discrimination.
B) There is a rise in the availability of pensions.
C) Jobs are becoming less physically demanding.
D) Phased-retirement programs require employees to work longer hours.
E) Older workers generally don't have much debt.

Answers

Answer:

C) Jobs are becoming less physically demanding.

Explanation:

Since in the question it is mentioned that at the time when the employee reaches to the retirement age so they are not interested in leaving the organization as they dont want to search for a new job also they are happy with the current job. In addition to this, jobs are very less physical demanding because of their ages

Therefore the option c is correct

The straight-line depreciation method: A. reports an equal amount of depreciation expense each year. B. can be used only by small companies. C. reports a higher amount of depreciation expense in the early years of an asset's use. D. reports more depreciation expense in a year when an asset is heavily used and less in a year when the asset is hardly used at all.

Answers

Answer:

A

Explanation:

Depreciation is a method used in expensing the cost of an asset

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

The straight line depreciation method reports an equal amount of depreciation expense each year.

An example of the straight line depreciation method

cost of asset = 10,000

salvage value = 0

useful life = 5

straight line depreciation = (10,000 - 0) / 5 = 2000

depreciation expense each year would be 2000

3. Prime Cuts was the brainchild of Cairn Terrier who guided all the marketing efforts of the product. She selected each element of the marketing mix such as the package, brand name, pricing, promotion, and placement decisions. Karen obviously serves in the job of:

Answers

Question Completion with Options:

A) marketing consultant.

B) brand manager.

C) operations analyst.

D) marketing intermediary

Answer:

Prime Cuts

Karen obviously serves in the job of:

A) marketing consultant.

Explanation:

Brand managers ensure that the image perceived by customers of Prime Cuts remains recognizable, up to date, and exciting.  Brand managers promote and change the public perception of a brand's image. They ensure that the company's branding is consistent across advertising and other brand campaigns.  A marketing consultant or manager ensures that prospective customers are reached with Prime Cuts in order to present them with the goods and to increase sales.  She works to achieve effective marketing mix.

Precision Corporation used a predetermined overhead rate last year of $3 per direct labor-hour, based on an estimate of 24,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were: Actual manufacturing overhead cost incurred $84,000 Actual direct labor-hours worked 27,000 The overapplied or underapplied manufacturing overhead for the year was:

Answers

Answer:

$12,000 Overhead Underapplied

Explanation:

Calculation to determine what The overapplied or underapplied manufacturing overhead for the year was:

Total pre-determined manufacturing overhead $72,000

($3*24,000)

Less Actual manufacturing overhead cost incurred ($84,000)

Overhead Underapplied $12,000

Therefore The overapplied or underapplied manufacturing overhead for the year was:$12,000 Overhead Underapplied

A company buys equipment for $48,000, expects to use it for ten years, and then sell it for $6,000. Using the straight-line method, the company should report annual depreciation for the equipment of: A. $4,200. B. $8,400. C. $4,800. D. $9,600.

Answers

Answer:

A $4,200

Explanation:

Given the following information, a company buys equipment for $48,000 expects to use it for ten years, and then sell it for $6,000

We need to use the formula below

Annual depreciation = (Original cost - Salvage value) / Estimated life(years)

Annual depreciation = ($48,000 - $6,000) / 10

Annual depreciation = $4,200

On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $470,000 and accumulated depreciation of $94,000. During 2018, the company plans to purchase additional equipment costing $100,000 and expects depreciation expense of $40,000. Additionally, it plans to dispose of equipment that originally cost $52,000 and had accumulated depreciation of $7,600. The balances for equipment and accumulated depreciation, respectively, on the December 31, 2018 budgeted balance sheet are:

Answers

Answer:

The cost balance on 31 December 2018 is $518,000 while that of accumulated depreciation is $126,400

Explanation:

The balance of fixed assets is computed as

Opening balance - accumulated depreciation - depreciation + Addition - Disposal

Hence given that on December 31, 2017, Calgary Industries reports equipment of $470,000 and accumulated depreciation of $94,000. During 2018, the company plans to purchase additional equipment costing $100,000 and expects depreciation expense of $40,000, Additionally, it plans to dispose of equipment that originally cost $52,000 and had accumulated depreciation of $7,600 the balance then

= $470,000 + $100,000 - $52,000

= $518,000

The accumulated depreciation

= $94,000 + $40,000 - $7,600

= $126,400

Fiat announces its intention to build an all-electric car plant in Belvidere, Illinois. Fiat also announces it intends to sell one million vehicles per year. It hires 3000 additional workers - enough to keep the plant operating at full capacity. Fiat also signs contracts with its unions committing to pay all of its workers at this plant for 2 full years whether or not the production at the plant reaches capacity. Is this a strong strategic commitment by Fiat?

Answers

Answer:

Yes, this is Fiat's strong strategic commitment, as a company's strategy corresponds to the set of actions that a company plans to achieve its long-term goals and objectives.

When the company then announces to stakeholders its intention to build an electric car plant in Illinois, as well as its plans to sell one million vehicles a year, hire 3,000 additional workers, and sign workers' pay contracts for 2 full years, it is assuming to its target audience a commitment to comply with their declarations, which means that the new investments and launching of new products will impact the company as a whole, its profitability, market value and competitiveness, which can then be understood. as a strong strategic commitment by Fiat.

Storrer Co. identifies the following activities that pertain to manufacturing overhead, for each activity, identify an appropriate cost driver.
Activity Cost Driver

Materials handling Storrer Co. identifies the following activities th Number of Purchase OrdersMachine Hours UsedNumber of SetupsSquare Footage OccupiedNumber of RequisitionsDirect Labor HoursNumber of InspectionsNumber of Parts or AssembliesNumber of Employees
Machine setups Storrer Co. identifies the following activities th Number of Purchase OrdersNumber of EmployeesNumber of SetupsNumber of InspectionsDirect Labor HoursNumber of Parts or AssembliesSquare Footage OccupiedNumber of RequisitionsMachine Hours Used
Factory machine maintenance Storrer Co. identifies the following activities th Direct Labor HoursNumber of InspectionsNumber of EmployeesNumber of RequisitionsNumber of SetupsNumber of Purchase OrdersNumber of Parts or AssembliesSquare Footage OccupiedMachine Hours Used
Factory supervision Storrer Co. identifies the following activities th Machine Hours UsedNumber of InspectionsNumber of EmployeesNumber of Parts or AssembliesNumber of Purchase OrdersNumber of RequisitionsSquare Footage OccupiedNumber of SetupsDirect Labor Hours
Quality control Storrer Co. identifies the following activities th Number of EmployeesDirect Labor HoursNumber of InspectionsSquare Footage OccupiedNumber of RequisitionsNumber of Purchase OrdersNumber of SetupsNumber of Parts or AssembliesMachine Hours Used

Answers

Answer:

Activity

1. Material Handling

2. Machine Setups

3. Factory Machine Maintenance

4. Factory Supervision

5. Quality Control

Cost Driver

1. Number of Requisitions

2. Number of Setups

3. Machine Hours Used

4. Number of Employees

5. Number of Inspections

Explanation:

The following are the activities with their cost drivers:

Activity

1. Material Handling

2. Machine Setups

3. Factory Machine Maintenance

4. Factory Supervision

5. Quality Control

Cost Driver

1. Number of Requisitions

2. Number of Setups

3. Machine Hours Used

4. Number of Employees

5. Number of Inspections

A producer of fixed proportion goods X and Y (Q = Qx = Qy) has marginal costs and revenues of MC = 10 Q, MRX = 150 - 6 QX, MRy = 30 - 4 Qy. The producer should produce how many units?
a. Qx =9, Qy=9
b. Qx = 9, Qy = 7.5
c. Qx = 10, Qy = 10
d. Qx = 9, Qy=0

Answers

Answer:

a. Qx =9, Qy=9

Explanation:

As per the given data

Q = QX = QY

MRX = 150 - 6QX = 150 - 6Q

MRY = 30 - 4QY = 30 - 4Q

MC = 10Q

Now calculate the Marginal revenue as follow

MR = MRX + MRY

MR = 150 - 6Q + 30 - 4Q

MR = 150 + 30 - 6Q - 4Q

MR = 180 - 10Q

The Equilibrium of the producer will be

MR = MC

180 - 10Q = 10Q

180 = 10Q + 10Q

180 = 20Q

Q = 180 / 20

Q = 9

As we know

Q = Qx = QY

Hence, the value of Qx  and QY is 9

Labor data for making one gallon of finished product in Bing Company are as follows. (1) Price—hourly wage rate $16.70, payroll taxes $0.60, and fringe benefits $1.40. (2) Quantity—actual production time 1.60 hours, rest periods and cleanup 0.30 hours, and setup and downtime 0.20 hours. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.)
(a) Standard direct labor rate per hour. $ ______
(b) Standard direct labor hours per gallon. hours
(c) Standard labor cost per gallon. $______

Answers

Answer:

a. Standard direct labor rate per hour = Hourly wage rate + Payroll taxes + Fringe benefits

Standard direct labor rate per hour = $16.70 + $0.60 + $1.40

Standard direct labor rate per hour = $18.70

b. Standard direct labor hours per gallon = Actual production time + Rest periods and cleanup + Setup and downtime

Standard direct labor hours per gallon = 1.60 hours + 0.30 hours + 0.20 hours

Standard direct labor hours per gallon = 2.1 hours

c. Standard labor cost per gallon = Standard direct hours per gallon * Standard direct labor rate per hour

Standard labor cost per gallon = 2.1 hours * $18.70

Standard labor cost per gallon = $39.27

Describe the events that occur in an efficient market in response to new information that causes the expected return to exceed the required return. What happens to the market value

Answers

Answer:

The efficient market hypothesis tells, in an equilibrium, the price of stocks or security is an unbiased estimate of the true values.

Explanation:

Thus, in the equilibrium,  of security prices are neither an overvalued nor are undervalued. Suppose the investors learn new information about the company that suggests there stock is worth more than the current price.  The security gets undervalued expected return exceeds the required return. Increased in demand for security from the investors with this new information will thus bid up the market value plus reduce its expected return until they are equal.

....................................................

Answers

Answer:

....................................................:)))

The ultimate goal of contract damages is: Multiple Choice Put the nonbreaching party where it was before the contract was formed. Return any costs incurred by the nonbreaching party. Put the nonbreaching party where it was prior to breach. Put the nonbreaching party in the best position possible. Give the nonbreaching party the benefit of its bargain.

Answers

Answer:

Give the nonbreaching party the benefit of its bargain.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

In contract law, damages can be defined as an amount of money that is paid to a claimant (innocent party) as a compensation for a breach of contractual agreement and it's based on the amount of interest he or she has vested in the contract. Thus, it covers the incurred by the nonbreaching party (claimant or innocent party) due to a breach of contract by the other party.

Hence, the ultimate goal of contract damages is to give the nonbreaching party the benefit of its bargain.

The parts can be purchased from an outside supplier for only $28 each. The space in which the parts are now produced would be idle and fixed production costs would be reduced by one-fourth. If the parts are purchased from the outside supplier, the annual impact on the company's operating income will be:________
a) $24,000 increase
b) $24,000 decrease
c) $56,000 increase
d) $56,000 decrease

Answers

Answer:

d) $56,000 decrease

Explanation:

In the case when parts are produced by sharp corporation

Given that

Total cost per unit = $36

Total cost = Total cost per unit × parts

= $36 × 8,000

= $288,000

Now

If the parts are Purchased by the outside supplier, fixed costs decreased by one-fourth.

So, three-fourth fixed costs should be incurred.

Now  

Total cost per unit = Purchase Price + three - fourth fixed costs

= $28 + (3 ÷4) × $20

= $28 + $15

= $43

Now

Total cost = $43 × 8,000

= $344,000

So, the operating income is

= $288,000 - $344,000

= $56,000 decrease

If money is your political voice, how loud is your voice? Who has the loudest voice?

Answers

Answer:

i....I honestly don't know I've tried online but it shows nothing sorry

Blazing Woman, a large music festival wants to secure a venue for its show coming up in two years. 19 months before the festival it enters into an agreement with Stonestock Farms. They shake hands on it, but do not write or sign any type of formal agreement. Eight months later Stonestock notified Blazing Woman that they decided against allowing their farm to be used. Can Blazing Woman enforce the agreement with the Stonestock even though it was not in writing

Answers

Answer:

No. Because the contract cannot be fully performed within a year of its creation, R is within the statute of frauds.

Explanation:

Since in the question it is mentioned that there is no written agreement so the agreement should not be enforceable as as per the law if the contract is to be treated as completed for a period of time so it should be in the written form

Here woman could not able to sue the stonstock farms

Therefore the above statement represent an answer

Botosan Factory has budgeted factory overhead for the year at $468,602, and budgeted direct labor hours for the year are 280,600. If the actual direct labor hours for the month of May are 255,300, the overhead allocated for May is

Answers

Answer:

$426,351

Explanation:

Calculation to determine what the overhead allocated for May is

Using this formula

Overhead allocated for May=(Estimated overhead/Estimated total DLHs)*Overhead rate per DLHs

Let plug in the formula

Overhead allocated for May=($468,602/ 280,600)*255,300

Overhead allocated for May=$1.67*255,300

Overhead allocated for May=$426,351

Therefore the overhead allocated for May is $426,351

Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 46,000 units per month is as follows:

Per Unit Direct materials $45.60
Direct labor $8.70
Variable manufacturing overhead $1.70
Fixed manufacturing overhead $18.50
Variable selling & administrative expense $3.00
Fixed selling & administrative expense $14.00

The normal selling price of the product is $98.10 per unit.

An order has been received from an overseas customer for 2,600 units to be delivered this month at a special discounted price. This order would not change the total amount of the company's fixed costs. The variable selling and administrative expense would be $1.80 less per unit on this order than on normal sales.

Direct labor is a variable cost in this company.

Suppose there is not enough idle capacity to produce all of the units for the overseas customer and accepting the special order would require cutting back on production of 1,000 units for regular customers. The minimum acceptable price per unit for the special order is closest to: __________

Answers

Answer:

Ash Corporation

The minimum acceptable price per unit for the special order is closest to:

= $94.93.

Explanation:

a) Data and Calculations:

Normal production capacity per month = 46,000 units

Per Unit

Direct materials                                            $45.60

Direct labor                                                     $8.70

Variable manufacturing overhead                 $1.70

Fixed manufacturing overhead                   $18.50

Variable selling & administrative expense  $3.00

Fixed selling & administrative expense     $14.00

The normal selling price of the product = $98.10 per unit.

Special order = 2,600 units

Relevant costs:

Direct materials                                            $45.60

Direct labor                                                     $8.70

Variable manufacturing overhead                 $1.70  

Variable selling & administrative expense   $1.20

Total relevant costs per unit                      $57.20

Total variable cost for the special order = $148,720 ($57.20 * 2,600)

Loss sales revenue (1,000 * $98.10)              98,100

Total cost for the special order =             $246,820

Minimum acceptable price per unit = $94.93 ($246,820/2,600)

Joseph managed the bookstore at a local university. He was known to mumble orders at his employees and yell at them when they made mistakes with the online ordering system. Which of the management skills below does Joseph lack? Conceptual Human relations Technical Decision making

Answers

Answer:

Human relations

Explanation:

Human relations is the ability for an individual to effectively interact with others in such a way that a productive outcome is achieved.

When a person does not have good human relations, negative traits like anger, aggression, and discord will be common.

In the given scenario Joseph will have been a better human relations manager if he patiently explained how to do things to his employees instead of shouting at them.

Mississippi River Shipyards is considering the replacement of an 8-year-old riveting machine with a new one that will increase earnings before depreciation from $27,000 to $54,000 per year. The new machine will cost $82,500, and it will have an estimated life of 8 years and no salvage value. The new machine will be depreciated over its 5-year MACRS recovery period; so the applicable depreciation rates are 20%, 32%, 19%, 12%, 11%, and 6%. The applicable corporate tax rate is 40%, and the firm's WACC is 12%. The old machine has been fully depreciated and has no salvage value.

Required:
Should the old riveting machine be replaced by the new one?

Answers

Solution :

Calculating the (NPV) Net Present value for the following matters to check the feasibility of the replacement of an 8 year old riveting machine with the new one :

Let

A = Year (n)

B = Initial outlay

C = Five-year MACRS depreciation percentage

D = Depreciation with MACRS Method (D)

E = Savings in earnings before depreciation

F = Taxable Income (earnings before depreciation - depreciation

G = Income taxes (Taxable Income *40%)

H = [tex]\text{After-Tax Net}[/tex] cash flow [tex]\text{(Taxable income - taxes + depreciation)}[/tex]

I = PV of [tex]\text{Net cash flow}[/tex] at the rate [tex]12\%[/tex]= [tex]NCF[/tex]/ [tex](1+WACC\%)^n[/tex]

A          B          C          D             E            F             G             H              I

0      82,500                                                                        -82,500    -82,500

1                       20%   16500     27000   10500    4200     22800      20357.14

2                      32%   26400    27000    600         240      26760      21332.91

3                       19%   15675      27000  11325      4530      22470      15993.70

4                       12%   9900       27000  17100     6840      20160       12812.04

5                       11%    9075       27000  17925     7170      19830        11252.07

6                        6%   4950       27000   22050   8820     18180        9210.55

7                        0%    0             27000   27000   10800   16200       7328.06

8                        0%    0             27000   27000   10800   16200      6542.91

NPV                                                                                                    $22,329.39

As the NPV, the project is positive ($22,329.39) and so the company should replace the 8 year old riveting machine with the new one.

What is the loan amount if the interest rate is 7.5% per year and the monthly interest payment is $1,250?

Answers

Answer:

The amount of the loan was $ 13,953.48.

Explanation:

To determine what is the loan amount if the interest rate is 7.5% per year and the monthly interest payment is $ 1,250, the following calculation must be performed:

1250 x 12 = 15,000

1,075X = 15,000

X = 15,000 / 1,075

X = 13,953.48

Therefore, the amount of the loan was $ 13,953.48.

A manager spent 5 hours of his day in meetings. If he said that he spent 70% of his day, how many total hours did he work?

Answers

Answer:

The total hours the manager worked

= 7.14 hours

Explanation:

a) Data and Calculations:

Time spent by a manager in meetings per day = 5 hours

Percentage of time spent in meetings = 70%

Total hours the manager worked per day = 5/70% = 7.14 hours

b) The total hours that the manager worked per day = 7.14 hours or 7 hours 9 minutes (approximately).  This is obtained by dividing the hours spent in meetings by the equivalent proportion that meetings consumed per day.

Rough-cut capacity planning: Multiple Choice Looks at specific products to be run in specific factories. Determines if the MRP is feasible or not. Analyzes both labor and equipment capacity throughout the organization. Examines total capacity by measuring average factory output.

Answers

Answer: Examines total capacity by measuring average factory output

Explanation:

Rough Cut Capacity Planning refers to the long-term plan capacity planning tool which is used for negotiation of changes to the available capacity or master schedule or for the balancing the available capacity.

Rough-cut capacity planning examines the total capacity by measuring average factory output. Therefore, the correct option is D.

A production process has six subsequent stages, each with their own specific resources and performing crucial tasks. Four of these stages have a capacity of 20 units per hour, while the other two stages have a capacity of 10 units per hour. What is the best conclusion?

Answers

Answer: Both stages with a capacity of 10 units per hour can be considered bottlenecks.

Explanation:

From the information given in the question, the best conclusion is that both stages with a capacity of 10 units per hour can be considered the bottlenecks.

It should be noted that the bottleneck in the chain of processes, is the one that has the limited capacity and this then reduces the capacity of the whole chain and slows down production.

Sheridan Industries reported actual sales of $2,125,000 and fixed costs of $562,275. The contribution margin ratio is 30%. Compute the margin of safety in dollars and the margin of safety ratio. (Round margin of safety ratio to 1 decimal place, e.g. 52.7.)

Answers

Answer:

Margin of safety $250,750

Margin of safety ratio 11.8%

Explanation:

Computation for the margin of safety in dollars and the margin of safety ratio

First step is calculate the Break even point in dollars

Break even point in dollars = Fixed costs / Contribution margin ratio

Break even point in dollars=$562,275/0.30

Break even point in dollars = $1,874,250

Now let determine the the margin of safety in dollars and the margin of safety ratio

Margin of safety = Actual Sales - Break even sales

Margin of safety= $2,125,000 -$1,874,250

Margin of safety=$250,750

Margin of safety ratio= Margin of safety/Actual Sales

Margin of safety ratio = $250,750/$2,125,000

Margin of safety ratio = 0.118*100

Margin of safety ratio = 11.8%

Thereforethe margin of safety in dollars and the margin of safety ratio will be:

Margin of safety $250,750

Margin of safety ratio 11.8%

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