Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11, SusanJewelry manufactures jewelry.It applies overhead based on direct labor hours.In October,Susanis planning to make560rings,400bracelets, and210pendants. The company expects the total manufacturing overhead for the

11, SusanJewelry manufactures jewelry.It applies overhead based on direct labor hours.In October,Susanis planning to make560rings,400bracelets, and210pendants. The company expects the total manufacturing overhead for the year would be $3525000and that total direct labor hours for the year would be75000. Actual overhead incurred for October was $295920. Each ring requires6.00hours of labor to manufacture; each bracelet requires5.5hours of labor to manufacture, and each pendant requires4hours of labor to manufacture. What is the standard overhead cost per ring?

$295.20

$282.00

$49.20

$47.00

Carla VistaDover is a scout for a Major League Baseball team based in Phoenix, Arizona.Carla Vistaneeds to travel to Los Angeles, California on June 1 to perform a variety of professional functions prior to the team travelling to Los Angeles to play. IfCarla Vistaflies, he could catch a 6 a.m. flight on June 1. In order to perform all of his professional responsibilities,Carla Vistawill need to spend the night and catch a flight on June 2 to return to Phoenix. IfCarla Vistaflies, he will need to rent a car for $41per day. To cover meals and other incidental expenses,Carla Vistawill receive $50per day (per diem) for each day he works out of town. Flights between Phoenix and Los Angeles can be purchased for $98one way.

Phoenix is approximately350miles from Los Angeles, a6-hour drive at speed limits permitted on the freeways connecting the two cities. If he drives from Phoenix to Los Angeles,Carla Vistawould need to leave the afternoon of May 31 and would be reimbursed $0.50per mile. He would need to spend 2 nights in a hotel, the night of May 31 and the night of June 1. He would return to Phoenix by car on June 2. The hotel used by the team charges $150per night. What is the relevant cost of flying?

$428

$478

$528

$278

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Comprehensive Assurance & Systems Tool

Authors: Laura IngrahamJ Jenkins

2nd Edition

0131377213, 9780131377219

More Books

Students also viewed these Accounting questions

Question

What is an (a) overfit model? (b) underfit model?

Answered: 1 week ago

Question

Context, i.e. the context of the information presented and received

Answered: 1 week ago