Bag Ladies, Inc. manufactures two kinds of bags-totes and satchelo. The company allocates manufacturing overhead using...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Bag Ladies, Inc. manufactures two kinds of bags-totes and satchelo. The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estimated overhead costs for the year are $24,250. Additional estimated information in given below. Direct materials cost per unit Direct labor cost per unit Number of units Toles $30 $51 Satchels $45 $65 500 370 Calculate the amount of overhead to be allocated to Totes. (Round any percentages to two decimal places and your final answer to the nearest dollar) OA S475 B. $11,770 C. $352 D. $12,480 Bag Ladies, Inc. manufactures two kinds of bags-totes and satchelo. The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estimated overhead costs for the year are $24,250. Additional estimated information in given below. Direct materials cost per unit Direct labor cost per unit Number of units Toles $30 $51 Satchels $45 $65 500 370 Calculate the amount of overhead to be allocated to Totes. (Round any percentages to two decimal places and your final answer to the nearest dollar) OA S475 B. $11,770 C. $352 D. $12,480
Expert Answer:
Answer rating: 100% (QA)
ANSWER 12480 Explanations Total Direct Labor Cost Total Direct Labor Cost of Totes Total D... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Answer with either True or False and then provide at most three sentences, which includes an explanation with empirical and/or theoretical backing to support your answer. A) An increase in the...
-
The Davis Companys fixed costs for the year are estimated at $200,000. Its product sells for $250. The variable cost per unit is $200. Sales for the coming year are expected to reach $1,250,000. What...
-
Superior Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Superior Uniforms reports the following cost data for the past year:...
-
In Problems 4358, (a) Find the vertex and the axis of symmetry of each quadratic function, and determine whether the graph is concave up or concave down. (b) Find the y-intercept and the...
-
Tom and Sues Flowers, Inc.s, 15-year bonds are currently yielding a return of 8.25 percent. The expected inflation premium is 2.25 percent annually and the real risk free rate is expected to be 3.50...
-
What principal types of assets and funds sources do nonbank thrifts (including savings banks, savings and loans, and credit unions) draw upon? Where does the bulk of their revenue come from, and what...
-
Washing clothes is most similar to large-scale washing when (select the best answer) a. the clothes are washed by hand. b. the clothes are washed with detergent but no soap. c. the clothes are washed...
-
Atlantic Soup Company is presently operating at 75 percent of capacity. Worried about the company's performance, the president is considering dropping its clam chowder line. If clam chowder is...
-
A pressurized cylindrical tank with flat ends is loaded by tensile forces T as shown. The tank has inner radius r=50 mm and wall thickness t=3 mm. The internal pressure is p=3.5 MPa. What is the...
-
Nestl: Integrating Marketing Communication into Daily Operations Nestl is a company that is over 150 years old. Todays world is fast paced. Digital marketing plays a big part in the ever-changing...
-
Consider three subnets shown in Figure 2. Assume that they use the addresses assigned by Figure 3. (a) (3 points) E wants to send a data packet to F. Does router 1 receive this data frame sent from...
-
For JP Morgan Chase explain the companies current competitive position in the industry of retail banking. Along with 3 strategic issues the company must address and why they are strategic issues.
-
November December January February March Sales $9,500 $10,000 $11,000 $12,100 $13,310 All sales are for credit, with 80% collected the following month and 20% collected during the second month....
-
How should Fred handle the fact that Patricia made the suggestion to manipulate the drugs profile? Is her willingness to use this type of tactic cause for concern in its own right?
-
3. Three kids stand on a see-saw as shown. The see-saw has a uniform cross section and weighs 15 lb, while kids A, B, and C weigh 35 lb, 45 lb, and 25 lb, respectively. Determine the weight of the...
-
The function P(t)=37.25e^{0.0096t} approximates the population, in millions, of California t years since 2010. Assuming this trend continues, approximate the number of years it will take California's...
-
Weighing cooking ingredients Careful cooking protocols use weights of ingredients instead of volumes. This is because, as we have seen in this weeks lectures, what one really cares about is the...
-
Do animals have rights? If so, what are they? What duties do human beings have toward animals? Does KFC protect animal welfare at an acceptable level?
-
Beth Ferrell is the Chief Operating Officer at Union Hospital in Buffalo, New York. She is analyzing the hospitals overhead costs but is not sure whether nursing hours or the number of patient days...
-
Sally has an online poster business. Suppose Sally expects to sell 1,500 posters. Her average sales price per poster is $ 45 and her average cost per poster is $ 25. Her fixed expenses total $...
-
Each of the following situations describes an organizational unit. Identify which type of responsibility center each underlined item is ( cost, revenue, profit, or investment center). Organization...
-
In a competitive labor market in equilibrium, a. a firms MRP = MP MR. b. a firms MRP = MP P. c. a firms MRP = MRC. d. a firms wage = MRC. e. all of the preceding are true.
-
In a competitive labor market, a. a firm is a wage taker. b. a firm can hire all the labor it wishes to at the market wage. c. a firm hires a small fraction of the total market quantity of labor...
-
The marginal resource cost of an input a. is the amount an added unit of an input adds to a firms total cost. b. exceeds the market wage in a competitive industry. c. is less than the market wage in...
Study smarter with the SolutionInn App