Herd, Inc., manufactures and sells two products: Product J5 and Product A9. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected ProductionDirect Labor-Hours Per UnitTotal Direct Labor-HoursProduct J51,0007.07,000Product A97008.05,600Total direct labor-hours 12,600The company's expected total manufacturing overhead is $848,432.If the company allocates all of its overhead based on direct labor-hours, the overhead assigned to each unit of Product A9 would be closest to: (Round your intermediate calculations to 2 decimal places.)
A. $202.24 per unit
B. $222.72 per unit
C. $538.72 per unit
D. $536.96 per unit
Answer: C
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A corporation may issue a stock dividend for which of the following reasons?
a. It may be short of cash and unable to pay a cash dividend. b. It may want to increase the marketability of its stock by raising the price per share. c. It may have a large debit balance in Retained Earnings and the directors may want to transfer part of this balance to the common stock account. d. It may want to increase the stockholders' ownership in the corporation.
Which sentence is correctly punctuated?
A) You can as a matter of fact; get news updates delivered to your cell phone. B) You can, as a matter of fact get news updates delivered to your cell phone. C) You can, as a matter of fact, get news updates delivered to your cell phone.
Last year National Aeronautics had a FA/Sales ratio of 40%, comprised of $250 million of sales and $100 million of fixed assets. However, its fixed assets were used at only 75% of capacity. Now the company is developing its financial forecast for the coming year. As part of that process, the company wants to set its target Fixed Assets/Sales ratio at the level it would have had had it been operating at full capacity. What target FA/Sales ratio should the company set?
A. 28.5% B. 30.0% C. 31.5% D. 33.1% E. 34.7%
Under Sarbanes-Oxley, when must a company file an 8-K?
A) Every quarter B) Annually C) Only when selling stock D) Within one day of any changes listed in the statute