Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. the speedjet aircraft corporation has a central

1. The Speedjet Aircraft Corporation has a central materials laboratory. The laboratory has only two...

50.1K

Verified Solution

Question

Accounting

1. The Speedjet Aircraft Corporation has a central materials laboratory. The laboratory has only two users, the Large Plane Department and the Small Plane Department. The following data apply to the coming budget year:

Budgeted costs of operating the materials laboratory for 100,000 to 200,000 technician hours per year:

Fixed costs per year $8,200,000

Variable costs $74 per technician hour

Budgeted long-run usage in hours per year:

Large Plane Department 90,000 technician hours

Small Plane Department 110,000 technician hours

Budgeted amounts are used to calculate the allocation rates.

Actual usage for the year by the Large Plane Department was 70,000 technician hours and by the Small Plane Department was 80,000 technician hours. If a dual-rate cost-allocation method is used, what amount of materials laboratory costs will be budgeted for the Small Plane Department?

a. $14,153,333

b. $9,200,000

c. $12,650,000

d. $10,293,333

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

Chemistry
1.2K views

Buffer Assignment pH                                                     concentration (M)                                                     mL 7.8                                                    1.0                                                                                100.00 Eq) Buffer=Stotal/L Where Stotal=moles (A) + moles (B) Ptotal=mol (H2PO4-)+mol (HPO42-) PH=pKa + log (moles B/molesA) Determine the...

Programming
1.2K views

Use Java programming to implement the following: Implement the following methods in the UnorderedList class for managing a...

Electrical Engineering
1.2K views

Explain the following code. What language? What does it do? What is the result? SELECT date_trunc('month',date),avg(value) FROM rain GROUP...

Physics
1.2K views

The work function of a substance is 4 0 eV The longest wavelength of light...

Basic Math
1.2K views

A bag has nine balls labeled A B C D E F G H and...

Basic Math
1.2K views

On a particular day, the power used in a particular state (in thousands of megawatts)...

Algebra
1.2K views

If A is a m x m matrix and rank (A - Im) = m...

Algebra
1.2K views

What is Puerto Rico s relationship to the United States O It remains an overseas...

Algebra
1.2K views

1 Given the formula V Ah solve for A Hint click the pen button next...

Accounting
1.2K views

On January 1, 20X1 CleanCo I did revenue for a $4000 prepayment it received from...

Accounting
1.2K views

On April 1, 2017, Jiro Nozomi created a new travel agency, Adventure Travel. The following...

Accounting
1.2K views

PLEASE HELP ME WITH THERE 2 QUESTIONS: #6 AND #7. THANK YOU ...