Question: The following data are given: direct labor rate = $ 1 0 . 0 0 / h; applicable factory overhead rate on labor = 6

The following data are given: direct labor rate = $10.00/h; applicable factory overhead rate on labor =60%; capital investment in machine = $ 100,000; service life of the machine =8 years; rate of return 20%; salvage value in 8 year =0, and applicable factory overhead rate on machine =50%. The work center will be operated one 8-hr shift, 250 days/year. Determine the appropriate hourly rate for the work center.

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!

Q:

5. In the operation of a certain production machine, one worker is required at a direct labor rate = $11 per hour. Applicable labor factory overhead rate =52%. Capital investment in the machine...

Q:

In the operation of a certain production machine, one worker is required at a direct labor rate = $11 per hour. Applicable labor factory overhead rate = 52%. Capital investment in the machine =...

Q:

5. In the operation of a certain production machine, one worker is required at a direct labor rate = $11 per hour. Applicable labor factory overhead rate = 52%. Capital investment in the machine =...

Q:

1. Information for Duncan Corporation is shown below: 20X1 Net Income $ 400,000 Average Investment $ 1,000,000 sales revenue $2,000,000 Calculate capital turnover 2. Jordan Company has two divisions,...

Q:

I already entered 24,840 for the second part of problem one but it is saying it is wrong. Also i need help on the rest of the questions as well. Mears Production Company makes several products and...

Q:

Question: Q1. If sales total $1,000,000, fixed costs total $400,000, and variable costs are 55% of sales, the contribution margin ratio is 45%. a. true b. false Q2. Which of the following is an...

Q:

Q1. If sales total $1,000,000, fixed costs total $400,000, and variable costs are 55% of sales, the contribution margin ratio is 45%. a. true b. false Q2. Which of the following is an example of a...

Q:

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Lakers Company manufactures a part for its production cycle. The annual costs per unit for 1)...

Q:

Here is the spreadsheet i did answer these questions How does knowing the cost of the units produced over three months help managerial decision-making? Was this spreadsheet effective in addressing...

Q:

I can't figure out why this is still telling me my answers is incomplete GLO301 - Based on Problem 3-5A (Algo) LO P3, P4 Clark Company manufactures soccer balls in two sequential processes: Cutting...

Q:

WRITE CODE FROM THIS: write in c++ #include #include #include #include using namespace std; //function prototypesbool openFile(ifstream& inFile, string fileName);void ratioCalc(ifstream&...

Q:

On January 1, 2021, Nyah Company acquired Two-Face Company's 9%, P2,000,000 par value bonds paying interest every June 30 and December 31. The bonds which will mature on January 1, 2025 and were...

Q:

What are some factors that affect automobile insurance premiums? Please list at least 4 and write in complete sentences

Q:

Pharoah Company reported the following amounts for 2022: Raw materials purchased $95,200 Beginning raw materials inventory 5,824 Ending raw materials inventory 5,040 Beginning finished goods...