Almaraz Corporation has two manufacturing departments--Forming and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Forming Finishing Total Estimated total machine-hours (MHs) 7,000 3,000 10,000 Estimated total fixed manufacturing overhead cost $ 40,600 $ 8,100 $ 48,700 Estimated variable manufacturing overhead cost per MH $ 1.30 $ 2.80 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. That predetermined manufacturing overhead rate is closest to: $6.62 $4.87 $4.10 $7.10
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Almaraz Corporation has two manufacturing departments--Forming and Finishing. The company used the following data at the beginning of the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
When a manufacturer offers a money-back guarantee on the purchase of its products to show that the products will perform as expected, it is most likely attempting to alleviate which risk?
Answers (2)
2. Pauline's Pooch Palace gives $1 from every dog grooming to the local animal shelter. This is an example of a. sustainable design b. fair trade C. purchase-triggered donation d. philanthropy
Answers (1)
During the year, Next Tec Corp. had the following cash flows: receipt from customers, $12,000; receipt from the bank for long-term borrowing, $7,500; payment to suppliers, $5,400; payment of dividends; $1,500, payment to workers, $2,600;
Answers (1)
Which of the following is a weakness of publicity? Publicity has high absolute costs. Publicity is difficult to receive good feedback. Publicity is easily duplicated. There is a lack of user control over publicity.
Answers (1)
Redo the company's income statement at the 5,000-unit level of activity using the contribution format.
Answers (1)
New Questions in Business
Which of the following items is not a temporary difference? A. Vacation pay accrued for tax purposes in a prior period is deducted in the current periodB. Tax depreciation for the period exceeds book depreciationC.
Answers (1)
1. Expansion will always come with additional expenses True or False 2. Whether the business owner likes the type of business he or she is in is not important True or False 3. Many Franchises require franchisees to pay royalties True or False 4.
Answers (2)
In all careers, there are both hard skills and (blank) skills that are important for success.
Answers (1)
What is the definition of derived demand? a. consumer demand for a product, stimulated by lack of availability of another product b. demand, due to advertising, for goods and services that are luxuries rather than basic necessities c.
Answers (1)
In a competitive market, no single producer can influence the market price because many other sellers are offering a product that is essentially identical. consumers have more influence over the market price than producers do.
Answers (1)