Business, 19.05.2020 14:11, mahi2840

1. Soul Socket Inc. manufactures socket wrenches.

-For next month, the vice president of production plans on producing 4,450 wrenches per day.

-The company can produce as many as 5,000 wrenches per day, but is more likely to produce 4,500 per day.

-The demand for wrenches for the next three years is expected to average 4,250 wrenches per day.

-Fixed manufacturing costs per month total $374,000.

-The company works 22 days a month.

-Fixed manufacturing overhead is charged on a per-wrench basis.

Required: Answer a. – d. below

a. What is the theoretical fixed manufacturing overhead rate per wrench for the next month?

b. What is the practical fixed manufacturing overhead rate per wrench for the next month?

c. What is the normal fixed manufacturing overhead rate per wrench for the next month?

d. What is the master-budget fixed manufacturing overhead rate per wrench for the next month?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 16:40, yoooo9313

An electronics store is running a promotion where for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. the coupons expire in one year. the store normally recognized a gross profit margin of 40% of the selling price on video games. how would the store account for a purchase using the discount coupon?

Answers: 3

continue

Business, 22.06.2019 18:20, daya88

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.

Answers: 3

continue

Business, 22.06.2019 19:50, hdkdkdbx

Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries

Answers: 1

continue

Business, 22.06.2019 23:00, brok3morgan

The quinoa seed is in high demand in wealthier countries such as the u. s. and japan. approximately 97% of all quinoa production comes from small farmers in bolivia and peru who farm at high elevations—8,000 feet or higher. the seed is considered highly nutritious. mostly grown and harvested in bolivia and peru, and sold to markets in other countries, the seed is now considered an important for these nations. the governments of bolivia and peru are hopeful that this product will increase the quality of life of their farmers.

Answers: 3

continue

Do you know the correct answer?

1. Soul Socket Inc. manufactures socket wrenches.

-For next month, the vice president o...