Justin Hay Corporation uses the cost formula Y = $65,500 + $5.25X for the MOH...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Justin Hay Corporation uses the cost formula Y = $65,500 + $5.25X for the MOH cost, where X is machine-hours. The August budget is based on 42,000 Machine hours of planned machine time with an estimated 16,500 direct labor hours. The Company just determined that due to an increase in production and demand, they need to move into a new relevant range with a fixed cost of $89,500 and a direct labor cost of $12.50 per unit. Its variable predetermined overhead cost remains the same. Estimate the MOH cost expected to be incurred in August.
Assuming the total Direct labor Hours for the current production level is 13,000 hours, Direct Material Costs is $155,000. Based on the analysis and assessment, it takes 1.25 hours to produce one product. Determine the total product costs for August.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.