FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HP Inc. is manufacturing customized laptops. The company incurred direct materials costs of $3,000,000 and direct labor costs of $2,000,000 for a specific laptop order.

HP Inc. is manufacturing customized laptops. The company incurred direct materials costs of $3,000,000 and direct labor costs of $2,000,000 for a specific laptop order. The predetermined overhead rate is 130% of direct labor costs. If the company worked 60,000 direct labor hours on this order, calculate the total manufacturing costs for the laptops.

                 

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

Principles of Accounting

Principles of Accounting

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

12th edition

978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985

More Books

Students also viewed these Accounting questions

Question

★★★★★
United Rug Company is a small rug retailer owned and operated by Pat Kirwan. After the accounts have been adjusted on December 31, the following selected account balances were taken from the ledger:...

Answered: 1 week ago

Question

★★★★★
If you were a new brand entering the market for a consumer durable, how much cov erage would you seek? What arguments would you give to channel entities as to why they should carry your brand? What...

Answered: 1 week ago

Question

★★★★★
Using the large sample confidence interval formula for the mean, compute a 90% lower bound confidence interval for the mean when (a) ???? = 133, ???? = 28.5, and ???? = 6.7. (b) ???? = 250, ???? =...

Answered: 1 week ago

Question

★★★★★
Bigelow Corporation has total assets of $850,000, sales of $1,350,000, and one class of common stock with 375 shareholders, and a class of preferred stock with 250 shareholders, both of which are...

Answered: 1 week ago

Question

★★★★★
Suppose you observe the following situation: Security Beta Expected Return Pete Corp. 1.35 .145 Repete Co. 1.04 .118 Assume these securities are correctly priced. Based on the CAPM, what is the...

Answered: 1 week ago

Question

★★★★★
If the fraud had not been detected when it was, how long do you think it might have continued and how would it have ultimately been revealed?

Answered: 1 week ago

Question

★★★★★
ANSWER & EXPLAIN the questions: How does company analysis help in making a strategic plan? Why is it important to be familiarize with the format of a strategic plan?

Answered: 1 week ago

Question

★★★★★
You must now complete an analysis of the mobile phone market. Who are the key players? Create a list of companies in priority order based on sales. What are the key strengths and unique selling...

Answered: 1 week ago

Question

★★★★★
1) BobTheCat Enterprises has asked FoxFirst Consulting to help with upgrading 600 desktop users from Windows 7 to Windows 10. As per contract, FoxFirst will provide the upgrade strategy. Discuss...

Answered: 1 week ago

Question

★★★★★
Harvey's Restaurants In your own words, explain the Harvey's brand, Canadian values, and range of products/services. A minimum of four sentences is required here. Strengths Explain three (3)...

Answered: 1 week ago

Question

★★★★★
Find the initial basic feasible solution for the TP by VAM. D D2 D3 Dy Supply Dz 0, 11 13 17 14 250 02 16 16 18 14 10 300 03 21 24 13 10 400 Dem 200 225 275 250 950

Answered: 1 week ago

Question

★★★★★
Company name is boustany physicotheropy inc. Under november are all the transactions First do a - e then once done that do 1 - 9 under required Do 1 , 3 , 4 , 5 , 6 , 7 , 9 in execl please The chart...

Answered: 1 week ago

Question

★★★★★
Assess the motivatloos of drug companies that do their testing overseas. Do you think test subjects are being exploited or taken aelvantage of? Under what circum stances, if any, are companies...

Answered: 1 week ago

Question

★★★★★
When it comes to life-saving drugs, do pharmaceutical companies have a moral obligation to make them avail able In poor countries at little or no cost? Explain why or why not. Wllat about effective...

Answered: 1 week ago

Question

★★★★★
In this case, was Nike engaged In commercial speech, or were its statements political or social speech? What determines whether speech is commercial or not?

Answered: 1 week ago

Previous Question Next Question