Duggan company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $341‚010 for the year‚ and machine usage is estimated at 126‚300 hours.For the year‚ $363‚ 036 of overhead costs are incurred and 132‚600 hours are use. Please compute the manufacturing overhead rate for the year. The buedgeted overhead rate is based on the estimates that the company makes at the beginning of the year. Remember‚ overhead rate = total cost / total cost driver
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Q1. Using budget data‚ how many motors would have to be sold for Waltham Motors Division to break even? Answer Q1: Breakeven Fixed costs $260‚000.00 = ---------------------------------- = ---------------------- = 13‚326 units number of units Unit contribution margin $19.51 UCM (Unit Contribution margin) = USP (Unit Selling Price) UVC (Unit Variable Costs) = = $48.00 - $28.49 = $19.51 USP = Sales / Units sold = $864‚000.00/18‚000 =
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ECON 600 Lecture 3: Profit Maximization I. The Concept of Profit Maximization Profit is defined as total revenue minus total cost. Π = TR – TC (We use Π to stand for profit because we use P for something else: price.) Total revenue simply means the total amount of money that the firm receives from sales of its product or other sources. Total cost means the cost of all factors of production. But – and this is crucial – we have to think in terms of opportunity cost‚ not just explicit
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CELL DIVISION REVIEW 1. Name the phase of interphase in which cells copy their DNA. G-2 2. Anaphase 3. Name the phase in which spindle fibers disappear. telephase 4. Put the following cells in the correct order. A interphase B telephase C anaphase D prophase E metaphase 5. centromere 6. DNA that is spread out in the nucleus of a non-dividing cell is called chromatin. 7. Name the phase this cell is in. 8. Name
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Global transfer pricing guide More and more fiscal authorities continue to develop their transfer pricing laws. The principles are common‚ although interpretations differ from one tax authority to another. Compliance takes time and patience‚ and the demands and penalties from authorities are increasing. There is greater emphasis on examination and audit activity to encourage compliance and ignoring this issue is not an option for any well-run business. This international transfer pricing guide
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Rooms Division In a statistics conducted by the U.S. Lodging Industry in 1995‚ it has been shown that the majority of hotels revenues (60.2 %) are generated from Rooms Division Department under the form of room sales. This very department provides the services guests expect during their stay in the Hotel. Lastly‚ the Rooms Division Department is typically composed of five different departments: a) Front Office b) Reservation c) Housekeeping d) Uniformed Services e) Telephone FRONT OFFICE Is the
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Jamae Gordoncillo Professor Vacura BIO 101 – Lab 31 October 2014 Cell Division Mitosis Abstract Mitosis and Meiosis: Cells can be divided in unicellular organisms or in multi-cellular organisms. DNA controls the cell division. Bacteria reproduce by a process called binary fission. Bacteria have one chromosome that’s attached to the cell membrane. The chromosome replicates and the two copies separate as the cell grows. Over a period of time this one cell makes two cells. Eukaryotes do the process
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INCREAS PROFITABILITY OF BRANCH profit center Definition A business unit or department which is treated as a distinct entity enabling revenues and expenses to be determined so that profitability can be measured. Distinctly identifiable department or unit that contributes to the overall financial results of a firm. Where adequate cost accounting systems are in place‚ profit centers are given responsibility to target certain percentages of the total revenue and are given adequate authority
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flows associated with transfer pricing. In a decentralized firm‚ transfer prices generally play two important roles: 1. Allocate profits between different tax jurisdictions for taxation purposes 2. Coordinate economic activity within the firm Firms can choose to use different transfer prices for taxes and financial/internal reporting. The use of transfer prices allows central management to generate individual profit figures for different divisions. The transfer price is an expense on the
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have to be sold for Waltham Motors Division to breakeven? In order to calculate the breakeven point‚ we use the following equation and budget data: Breakeven Sales*Unit Price-Unit Variable Cost= Fixed Costs Breakeven=Fixed CostsUnitary Price-Unitary Variable Cost Breakeven point=260‚000864000/18000-512800/18000=13‚226 units Q2. Using budget data‚ what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) was allocated to planned production
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