Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 6 the red company is a relatively new company. the

6 The Red Company is a relatively new company. The company's accountant has assembled the...

80.2K

Verified Solution

Question

Accounting

image
image
image
image
image
image
image
image
6 The Red Company is a relatively new company. The company's accountant has assembled the following information pertaining to the company's operations budget for the year ended December 31, 2020: Skipped Sales price Direct materials cost Direct materials required for production Budgeted direct labour cost Variable manufacturing overhead rate Depreciation (non) Factory depreciation Modpeted fixed manufacturing overhead $ 40 per unit $ 8 per unit of direct materials 2 units per unit of product $ 40 per hour $ 25 per direct labour hour $163,000 $243,000 $143,000 excluding depreciation Previous year (Actual) Quarter 4 2020 Quarter Quarter 4 Year 9,850 9,850 78,800 $ 73,800 $ Direct materials inventory Quantity Cost Finished goods inventory Quantity Cost Direct labour Hours Dollars Production quantity Sales revenue 9,850 28,800 $ 78,800 $ 2,530 $ ? 2,480 $ 62,775 2,430 $ 99,000 24,300 5963,000 $410,200 2,565 2,485 10,300 $ 184,400 $101,200 $ 403,000 25,650 24,850 103,000 $1,023,000 $981,000 $4,000,000 $ 414, 400 $411,460 $1,642,560 Required: 1. Calculate the predetermined overhead rate per direct labour hour for the year and the overhead cost per unit. (Round "Overhead cost per unit" to 2 decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

possible from a piece of paper Everyone received the same letters in the same order...

Statistics
Q

explain in detail einsteins theory of general relativity. how so black holes effect gravity according to...

Physics
Q

How often should you flame your loop when doing the streak plate technique don t...

Biology
Q

For a ccell the graph between the p d v across the terminals of the...

Physics
Q

Write the following expression as a single, simplified, logarithm.log7 (3xy) log7 (5x6y)Note: If you are...

Basic Math
Q

3 Police trainees were seated in a darkened room facing a projector screen Ten different...

Statistics
Q

Describe how you can tell the difference between the graphs of y sinx and y...

Algebra
Q

please help me Question 1 (50 marks)...

Accounting
Q

Donn Luxury Resort has just received a utility expense of $45,000. However, the utility expense...

Accounting
Q

What is responsibility accounting? How is it used in a corporation? Why are performance evaluations...

Accounting
Q

QUESTION 3 A financial analyst describes his experiences about auditors, as below: "(Auditors') job is...

Finance
Q

Please answer them all; Thank you This information was extracted from the...

Accounting