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The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period: Machine-Hours Manufacturing Overhead Jan. 5,800 $ 300,000 Feb. 3,200 224,000 Mar. 4,900 263,800 Apr. 2,900 190,000 a-1 Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. Manufacturing overhead cost $ per machine hour a-2 Use the high-low method to determine the fixed element of monthly overhead cost.
If we were using unrounded numbers on a standard problem, the fixed element could be obtained by using either the 'high' or the 'low' figures.Fixed element of manufacturing overhead $ b. Bursa expects machine-hours in May to equal 5,300. Use the cost relationships determined in part a to forecast May's manufacturing overhead costs.Estimated manufacturing overhead $ c. Suppose Bursa had used the cost relationships determined in part a to estimate the total manufacturing overhead expected for the months of February and March. By what amounts would Bursa have over- or underestimated these costs? Amount over (under) estimated February $ March $
Determine the present value of $500,000 to be received in three years, using an interest rate of 12%, compounded annually, as follows: a. By successive divisions. Round answer to the nearest dollar.
Discuss your opinion about the value of your enterprise technology example and if you think it appropriately addressed optimal management of the value chain.
what are the advantages and disadvantages of vested rights in comparison to accumulated rights for a company and its
on st. patrickrsquos day in 1992 chambers development company one of the largest landfill and waste management firms in
foreign currency items restructuring charges unrealized gains and losses pension liability adjustments
Johnson Auto Body uses a job order cost system. Overhead is applied to jobs on the basis of direct labor hours. During the current period, was charged $425 in direct materials, $475 in direct labor, and $190 in overhead. If direct labor costs an a..
What is the breakeven point if Mount Carmel's tax rate is reduced to 25%, assuming the sales mix is 2 units of Product A for each unit of Product B?
At the end of 2011, Tatum Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $28,000. On January 24, 2012, it is learned that the company's receivable from Novinger Inc-Make the journal entries to record the payment.
Would the expensive jewelry be considered as "Qualifying Assets" according to Standard? Would the interest on bank borrowings considered as the "Borrowing Cost"?
An employee of the restaurant, Jack, finds the purse and notifies the owner of the restaurant. Going in order from superior to inferior rights, who has the best rights for the purse?
Assume that at the beginning of 2010, Northeast USA, a FedEx competitor, purchased a used Boeing 737 aircraft at a cost of $53,000,000. Northeast USA expects the plane to remain useful for five years (six million miles) and to have a residual valu..
In which of the markets would you recommend that the company focus its advertising campaign? Show computations to support your answer.
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