Question: SHOW YOUR WORK PLEASE A machine shop has direct materials cost of $1,800,000 direct labour of $4,200,000 (direct labour rate is $50 per hour) and

SHOW YOUR WORK PLEASE

A machine shop has direct materials cost of $1,800,000 direct labour of $4,200,000 (direct labour rate is $50 per hour) and budgeted indirect manufacturing costs of $850,000. Management believes that indirect manufacturing costs increase with direct labour hours. What is the budgeted indirect manufacturing cost rate?

a.	$2.12
b.	$4.94
c.	$10.12
d.	$2.33
e.	$17.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

1) Larry's Appliance Shop operates retail stores that sell appliances. The cost objects are the individual sales of a given type of appliance and sales support. For refrigerators in July, the...

1) A exible budget is a budget that is developed using budgeted revenue or cost amounts and is not adjusted at the end of the budgeted period. A) True B) False 2) A variance is the difference between...

PLEASE DO STEP 6 CORRECTLY (THIS IS IMPORTANT) PLEASE READ THE QUESTIONS CORRECTLY AS I AM GETTING WRONG ANSWERS FROM CHEGG EXPERTS PLEASE SEE EACH QUESTION PROPERLY. ALSO PLEASE SHOW THE ANSWERS FOR...

14. A machine shop has direct materials cost of $1,800,000 direct labour of $4,200,000 (direct labour rate is $50 per hour) and budgeted indirect manufacturing costs of $850,000. Management believes...

Liverpool Ltd produces two types of exclusive business bags for men, standard and executive. The company is currently using simple costing systems that have two direct costs categories (material and...

Question 3 Study the information provided below and calculate the following: 3.1 Manufacturing costs per unit for each product using the traditional absorption costing system (6 marks) 3.2...

hello! please help me! i need in less than an hour, thanks so much! Major Dutch green juice sells healthy green juice. A box of super green juice contains 10 bottles ofjuice. Each box requires a...

CAN SOMEONE JUST DO STEP 6 PLEASE? I JUST NEED THE CORRECT ANSWERS FOR STEP 6. THANK YOU FOR YOUR HELP PLEASE I JUST NEED HELP IN STEP (QUESTIONS 2-20). PLEASE IT WOULD BE VERY HELPFUL. THANK YOU You...

ACCT 2302 Please assist me with the below problem You work for Thunderduck Custom Tables Inc. This is the first month of operations. The company designs and manufactures specialty tables. Each table...

In Country Y, the total population is 300 million people (all of them non institutionalized civilians aged 16 and over), 146 million are working and 7.2 million are looking for a job. a. Calculate...

Incremental operating cash inflows Strong Tool Company has been considering purchasing a new lathe to replace a fully depreciated lathe that will last 5 more years. The new lathe is expected to have...

Let A ( t ) = ( [ e 4 t , c o s t ] , [ 2 t , 3 t 2 - 1 ] ) Find d A d t , 0 2 A ( t ) d t , 0 t A ( s ) d s

In 2010, Walter Payton Company had net sales of $900,000 and cost of goods sold of $540,000. Operating expenses were $230,000, and interest expense was $11,000. Payton prepares a multiple-step income...

Air at 38C and 97% relative humidity is to be cooled to 18C and fed into a plant area at a race of 510m3/min. (a) Calculate the rate (kg/mm) at which water condenses. (b) Calculate the cooling...

A perfectly insulated cylinder fitted with a leak proof friction less piston with a mass of 30.0 kg and a face area of 400.0 cm 2 contains 7.0 kg of liquid water and a 3.0-kg bar o1 aluminum. The...

Superheated steam at 40 bar absolute and 500C flows at a rate of 250 kg/mm to an adiabatic turbine, where it expands to 5bar. The turbine develops 1500kW. From the turbine the steam flows to a...

A rigid 5.00-liter vessel contains 4.00 L of liquid water in equilibrium with 1.00 L of water vapor at 25C. Heat is transferred to the water by means of an immersed electrical coil. The volume of the...

A pointer holds a memory address.

1. To provide an understanding of how trust is established in a communication context.

2. In this chapter, the reader should reflect on the following concepts: Basic values, basic interests, position, socialization process, mental variables and norm distribution.

6. List examples from your local environment of people that have a so-called Protestant character. Add further characteristics to this phenomenon than those mentioned in this chapter.