Makeit-by-Robot Ltd uses 10 machines to produce its goods. The machines are used 7 hours a day
Question:
Makeit-by-Robot Ltd uses 10 machines to produce its goods. The machines are used 7 hours a day for 6 days per week. In a period of 13 weeks it is planned to produce 1200 units, and the overheads are estimated to amount to $141 960.
Required
(a) Calculate the machine hour overhead absorption rate.
(b) Calculate the amount of overhead absorbed by each unit of production.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
a Calculate the Machine Hour Overhead Absorption Rate The machine hour overhead absorption rate is c...View the full answer
Answered By
Abdul Wahab Qaiser
Before working at Mariakani, I volunteered at a local community center, where I tutored students from diverse backgrounds. I helped them improve their academic performance and develop self-esteem and confidence. I used creative teaching methods, such as role-playing and group discussions, to make the learning experience more engaging and enjoyable.
In addition, I have conducted workshops and training sessions for educators and mental health professionals on various topics related to counseling and psychology. I have presented research papers at conferences and published articles in academic journals.
Overall, I am passionate about sharing my knowledge and helping others achieve their goals. I believe that tutoring is an excellent way to make a positive impact on people's lives, and I am committed to providing high-quality, personalized instruction to my students.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Lucky Lager recently purchased a brewing plant from a bankrupt company. It was constructed only two years ago. The plant has budgeted fixed manufacturing overhead of $50 million per year ($4,167...
-
Sooke Ale recently purchased a brewing plant from a bankrupt company. It was constructed only two years ago. The plant has budgeted fixed manufacturing overhead of $50 million per year ($4.167...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Determine the void ratio of a soil if its bulk density is 2.06 g/cc and it has a moisture content of 24 percent. The specific gravity of the soil particles is 2.75. Also, determine its dry density...
-
Gordon Supply Company manufactures high quality gardening supplies for sale primarily to nursery and landscaping companies. Gordon Supply is a business that has continued to grow because of its...
-
What is meant by earnings management? How do you think the concept of earnings management might have influenced the auditor's role in the audit of financial statements?
-
Atlantic Cruise Lines operates cruise ships and is headquartered in Florida. The firm had \($100\) million in pretax operating income in the current year, of which it reinvested \($25\) million. The...
-
The WireOne Company manufactures high-quality coated electrical wire in two departments, Weaving and Coating. Materials are introduced at various points during work in the Weaving Department. After...
-
TM 1. Simple Interest versus Compound Interest First City Bank pays 7 percent simple interest on its IM savings account balances, whereas Second City Bank pays 7 percent interest compounded annually....
-
Upandown Ltd has provided the following information about its overhead expenditure for four quarterly periods ended 31 December. Required Calculate the under-absorption or over-absorption of overhead...
-
Egbert Ltd manufactures two products which it markets under the brand names 'Sovrin' and 'Ginny'. The following information is available for a six-month period. Required (a) Calculate an appropriate...
-
Briefly discuss the three key activities in the strategic management process. Why is it important for managers to recognize the interdependent nature of these activities?
-
A group of 16 people is choosing a chairperson and vice-chairperson. They put all 16 people's names into a hat. The first name drawn becomes chair. The second name drawn becomes vice-chair. How many...
-
Mr. Ribaya would like to save Php. 500, 000 for his son's college education. How much should he deposit in a savings account every 6 months for 12 years if interest is at 1% compounded semi -...
-
Design a logic circuit which receive two unsigned integers, X and Y as inputs (0 X,Y a input, opr. It an output, z as follows: Z= X+Y .if opr=0 X* Y ... if opr = 1 ... Implement your design using...
-
1.Simplify using the correct arithmetic order of operations. 52 - 16.5 + (19 - 11) 2 2. A 128-pound person is holding 5 identical bags of potatoes and, when he stands on a scale, it reads 191 pounds....
-
Find the amount of interest earned on $3700 invested at simple interest rate of 5% for 8 years. 5. There are 45 red balls and 15 white balls in a bag. If you reach into the bag and select one ball at...
-
Examine the following quarterly data: a. Compute the four-period moving averages for this set of data. b. Compute the centered moving averages from the moving averages of part a. c. Compute the...
-
DC has unused FTC carryover from 2017 in the separate category for GC income as the result of income generated by a foreign branch. The income was foreign source general category income. In 2018 the...
-
If an equation has more than one independent variable, we have to be careful when we interpret the regression coefficients of that equation. Think, for example, about how you might build an equation...
-
Lets return to the wage determination example of Section 1.2. In that example, we built a model of the wage of the ith worker in a particular field as a function of the work experience, education,...
-
Consider the following two least-squares estimates of the relationship between interest rates and the federal budget deficit in the United States: Model A: Y 1 = 0.103 - 0.079X 1 R 2 = .00 Where: Y 1...
-
PREGUNTA 14 Una unidad de negociacin es: un grupo de dos o ms empleados con intereses y condiciones laborales comunes y que pueden razonablemente agruparse con fines un grupo de veinticinco o ms...
-
Group Turnover in '000 : 101 000 90 175 73 276 77 848 80 100 83 100 63 289 59 365 55 526 125% Growth 131 000 125 000 122 000 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
-
In what year was there the largest gross profit margin percentage difference between Loblaw and Empire? O 2018 O 2016 O 2019 O 2017 In looking at the gross profit margin change year over year between...
Study smarter with the SolutionInn App