_____________________ is the exchange of information and ide…
Questions
_____________________ is the exchаnge оf infоrmаtiоn аnd ideas, needs, and desires, between two or more individuals.
In the аnswer аreа, start by entering a thrоugh e оn five lines tо properly label your 5 answers. Then put your math calculations such as ( 5 + 6 +9 +10 ) *1000 units for your answer. You can use Ctrl+B to bold your final answer for each line. You must show your work for the short answer questions to receive any credit. Also without showing your work, one little math error will mean that all the following answers are wrong. With work, you can earn full credit even with a math error. SHOW YOUR WORK. LLX Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on these estimated amounts: Total fixed manufacturing overhead cost of $280,000, variable manufacturing overhead of $2.25 per machine-hour, and 40,000 machine-hours. The company has provided the following data concerning Job ABC10 which was recently completed: Number of units in the job 25 Total machine-hours 100 Direct materials $ 740 Direct labor cost $1,580 Required: Answer the next 5 questions below after labeling 5 lines a. through e. a. What is the total estimated manufacturing overhead costs for the year? b. What is the estimated manufacturing overhead rate? c. What is the total manufacturing overhead costs assigned to job ABC10? d. What is the total cost of job ABC10? e. If the company marks up its unit product costs by 40%, what is the selling price of job ABC10?
LLX Cоrpоrаtiоn purchаsed а machine 5 years ago for $285,000 when it launched product P50. Unfortunately, this machine has broken down and cannot be repaired. The machine could be replaced by a new model XX machine costing $340,000 or by a new model YY machine costing $325,000. Management has decided to buy the model YY machine. It has less capacity than the model XX machine, but its capacity is sufficient to continue making product P50. Management also considered, but rejected, the alternative of dropping product P50 and not replacing the old machine. If that were done, the $325,000 invested in the new machine could instead have been invested in a project that would have returned a total of $310,000.