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Bailey Corporation has four categories of overhead. The expected overhead costs for each category for next year are as follows: Maintenance $420,000 Materials handling 180,000 Setups 150,000 Inspection 300,000 The company has been asked to submit a bid for a proposed job. The plant manager believes that obtaining this job would result in new business in future years. Bids are usually based upon full manufacturing cost plus 30 percent. Estimates for the proposed job are as follows: Direct materials $10,000 Direct labor (750) hours $15,000 Number of material moves 8 Number of inspections 5 Number of setups 3 Number of machine hours 300 Expected activity for the four activity-based cost drivers that would be used is: Machine hours 20,000 Material moves 4,000 Setups 200 Quality inspections 8,000 Required: a. Determine the amount of overhead that would be allocated to the proposed job if 40,000 direct labor-hours are used as the volume-based cost driver. Determine the total costs of the proposed job. Determine the company's bid if the bid is based upon full manufacturing cost plus 30 percent. (round amounts to 2 decimal places.) b. Determine the amount of overhead that would be applied to the proposed project if activity based costing is used. Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing costs plus 30 percent. (round amounts to 2 decimal places.) c. which product costing method produces the more competitive bid?
Grandma's Applesauce, Inc. has a 0.60 probability of a good year with operating cash flow of $50,000; and 0.40 probability of a bad year with operating cash flow of $30,000. The company has a debt of $35,000 with 8 percent interest due next year.
mary and sarah are contemplating transferring property to start a new company mamps incorporated that will manufacture
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The ratio of their initial capital investments, which they have agreed will be $32,000 for Baker and $48,000 for Farney - proportion to the time devoted to the business;
Evaluate what percentage interest in the pool is held by town and the school district and show entry in the Investment Trust Fund to record the School District's investment in the pool.
finlon upholstery inc. uses a job-order costing system to accumulate manufacturing costs. the companys work-in-process
Prepare the journal entries on the books of Pritano to record the acquisition on December 31, 2010. It is expected that the earnings target is likely to be met.
What interest rate could company be indifferent between two projects? Which project is better if needed return is above this interest rate and why?
Prepare a purchases budget for the first quarter of 2011 in units, in total, and in dollars and determine the budgeted payments for purchases of raw materials for each of the first three months of operations and for the quarter in total.
Estimate the required balance of the Allowance for Doubtful Accounts at December 31, 2011, using the aging of accounts receivable method.
question direct materialsnbsp
Find what total overhead costs would you expect the company to incur at an operating level of 66,330 machine-hours?
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