Business
Business, 30.03.2020 20:29, dxpebetty64

The management of Firebolt Industries Inc. manufactures gasolineand diesel engines through two production departments, Fabricationand Assembly. Management needs accurate product cost information inorder to guide product strategy. Presently, the company uses asingle plantwide factory overhead rate for allocating factoryoverhead to the two products. However, management is consideringthe multiple production department factory overhead rate method. The following factory overhead was budgeted for Firebolt:1 Fabrication Department factory overhead $614,800.002 Assembly Department factory overhead 246,750.003 Total $861,550.00Direct labor hours were estimated as follows:Fabrication Department 5,300 hoursAssembly Department 5,250 Total 10,550 hoursIn addition, the direct labor hours (dlh) used to produce a unitof each product in each department were determined from engineeringrecords, as follows:ProductionDepartments GasolineEngine DieselEngineFabrication Department 2.9 dlh 1.8 dlhAssembly Department 1.8 2.9Direct labor hours perunit 4.7 dlh 4.7 dlhRequired:a. Determine the per-unit factory overhead allocated to thegasoline and diesel engines under the single plantwide factoryoverhead rate method, using direct labor hours as the activity base. If required, round all per-direct labor hours and per-unitanswers to the nearest cent. Gasoline engine per unitDiesel engine per unitb. Determine the per-unit factory overhead allocated to thegasoline and diesel engines under the multiple productiondepartment factory overhead rate method, using direct labor hoursas the activity base for each department. If required, round allper-unit answers to the nearest cent. Gasoline engine per unitDiesel engine per unitc. (1) Recommend to management aproduct costing approach, based on your analyses in (a) and (b).

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 05:10, Kaitneedshelps
1. descriptive statistics quickly describe large amounts of data can predict future stock returns with surprising accuracy statisticians understand non-numeric information, like colors refer mainly to patterns that can be found in data 2. a 15% return on a stock means that 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold 3. a stock purchased on january 1 cost $4.35 per share. the same stock, sold on december 31 of the same year, brought in $4.75 per share. what was the approximate return on this stock? 0.09% 109% 1.09% 9% 4. a stock sells for $6.99 on december 31, providing the seller with a 6% annual return. what was the price of the stock at the beginning of the year? $6.59 $1.16 $7.42 $5.84
Answers: 3
image
Business, 22.06.2019 08:40, Sk8terkaylee
Calculate the cost of each capital component—in other words, the after-tax cost of debt, the cost of preferred stock (including flotation costs), and the cost of equity (ignoring flotation costs). use both the capm method and the dividend growth approach to find the cost of equity. calculate the cost of new stock using the dividend growth approach. what is the cost of new common stock based on the capm? (hint: find the difference between re and rs as determined by the dividend growth approach and then add that difference to the capm value for rs.)assuming that gao will not issue new equity and will continue to use the same target capital structure, what is the company’s wacc? e. suppose gao is evaluating three projects with the following characteristics. each project has a cost of $1 million. they will all be financed using the target mix of long-term debt, preferred stock, and common equity. the cost of the common equity for each project should be based on the beta estimated for the project. all equity will come from reinvested earnings. equity invested in project a would have a beta of 0.5 and an expected return of 9.0%.equity invested in project b would have a beta of 1.0 and an expected return of 10.0%.equity invested in project c would have a beta of 2.0 and an expected return of 11.0%.analyze the company’s situation, and explain why each project should be accepted or rejected g
Answers: 1
image
Business, 22.06.2019 11:00, cedricevans41p4j3kx
The following information is available for ellen's fashions, inc. for the current month. book balance end of month $ 7 comma 000 outstanding checks 700 deposits in transit 4 comma 500 service charges 120 interest revenue 45 what is the adjusted book balance on the bank reconciliation?
Answers: 2
image
Business, 22.06.2019 18:50, lordcaos066
Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right
Answers: 3
Do you know the correct answer?
The management of Firebolt Industries Inc. manufactures gasolineand diesel engines through two produ...

Questions in other subjects: