Reference no: EM132796298
Question - Waldorf Corporation had the following overhead costs for the previous year (Waldorf allocates overhead on the basis of direct labour hours):
Labour hours Total Overhead
1st Quarter 7,000 $75,000
2nd Quarter 6,000 $74,000
3rd Quarter 8,000 $77,000
4th Quarter 7,500 $76,000
Assume that total overhead is comprised of Indirect materials (a variable cost), Rent (a fixed cost) and Maintenance (a mixed cost). The breakdown of these three costs at the 6,000 labour hour level is as follows:
Indirect materials (V) $3,600
Rent (F) 35,000
Maintenance (M) 35,400
$74,000
Determine how much of the total overhead at the 8,000 direct labour hour is maintenance. Using the amount just determined and the high low method, estimate a cost formula for maintenance. Determine what the cost formula for total overhead would be and estimate what total overhead costs would be at the 10,000 direct labour hour level.
|
Find what is the average inventory held during the year
: What is the average inventory held during the year including safety stock if the store insists on a 2 days safety stock (assume 365 days a year)?
|
|
What is the gross debt service ratio
: In addition, there are condo fees of $126 and heating costs of $56 monthly and a car lease of $241. What is the gross debt service ratio
|
|
What percentage is assigned to cost of goods sold
: Using vertical analysis, what percentage is assigned to Cost of Goods Sold? For the Year Ended December 31, 2010, Net Sales $200
|
|
Discuss how excellence leads to sustainability
: Discuss how excellence leads to sustainability. Be sure to examine all three pillars of sustainability: economic, social and environmental.
|
|
Determine what the cost formula for total overhead
: Determine what the cost formula for total overhead would be and estimate what total overhead costs would be at the 10,000 direct labour hour level
|
|
Comment on costs and benefits of inventory management
: Please view the following video and comment on the costs and benefits of inventory management (please forgive the music in the background
|
|
Analyze the risk obtained from karunika company and investor
: Analyze the risks obtained from Karunika Company and Investors. Define and describe financial assets from various forms of assets.
|
|
Case-moving up in the rankings
: Business schools seem to have lost the ability to evaluate their own quality and effective-ness. With the emergence of rankings of business schools in the popul
|
|
What was the measure of effect
: What study design was used (e.g., case-control, cohort, cross-sectional, ecologic)? Explain 3 strengths and/or weaknesses of this study design
|