Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8 Question 11 Not yet answered 19 Marked out of 1.00 22 Piag question The ABC company has the following estimated costs for the next

image text in transcribed
image text in transcribed
8 Question 11 Not yet answered 19 Marked out of 1.00 22 Piag question The ABC company has the following estimated costs for the next year: Direct materials: $15,000 Indirect materials: $5,000 Direct labor: $55,000 Salary of production supervisor: $35,000 Rent on factory equipment: $16.000 Sales commission: $75.000 Advertising expenses: $11,000 It is estimated that 53,000 machine hours and 8.000 direct labor hours will be worked during the next year. What will be the predetermined overhead rate of company applies manufacturing overhead cost to jobs on the basis of direct labor hours. 29 36 Fini Time Select one: 3. $14 b. $17 C. 515 d. 52 Question 12 The following information pertains to Alleigh's Mannequins: Not yet answered Marked out of 1.00 Manufacturing costs Units manufactured Units sold Beginning inventory $1,500,000 30,000 29,500 units sold for $85 per unit P Flag question O units What is the amount of gross margin? Select one: a. $1,475,000 b: $1,500,000 c. $2,507.500 d. $1,032,500

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

Step: 3

blur-text-image

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

Accounting

Authors: Carl S. Warren, Philip E. Fess, James M. Reeve, C.Rollin Niswonger, Jim Reeve

18th Edition

0538839333, 978-0538839334

More Books

Students also viewed these Accounting questions

Question

4. Avoid pointing or gesturing.

Answered: 1 week ago