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Assume that manufacturing overhead for Glassman Company in the previous exercise consisted of the following activities and costs:Setup (1,000 setup hours) ..................... $144,000Production scheduling (400 batches)............. 60,000Production engineering (60 change orders) ........ 120,000Supervision (2,000 direct labor hours) ............ 56,000Machine maintenance (12,000 machine hours) ..... 84,000Total activity costs ......................... $464,000The following additional data were provided for Job 845:Direct materials costs.......................... $7,000Direct labor cost (5 Milling direct labor hours;35 Finishing direct labor hours) ................ $1,000Setup hours ................................. 5 hoursProduction scheduling ......................... 1 batchMachine hours used (25 Milling machine hours;5 Finishing machine hours).................... 30 hoursProduction engineering ........................ 3 change ordersa. Calculate the cost per unit of activity driver for each activity cost category.b. Calculate the cost of Job 845 using ABC to assign the overhead costs.c. Calculate the cost of Job 845 using the plantwide overhead rate based on machine hours calculated in the previous exercise.d. Calculate the cost of Job 845 using a machine hour departmental overhead rate for the MillingDepartment and a direct labor hour overhead rate for the Finishing Department
Milling Department manufacturing overhead...............................$344,000Finishing Department manufacturing overhead .............................$120,000Machine hours usedMilling Department .................................................10,000 hoursFinishing Department ...............................................2,000 hoursLabor hours usedMilling Department .................................................1,000 hoursFinishing Department ...............................................1,000 hour
Why is accounting for contributions so critical for a not-for-profit entity? For example, what complications can arise if a donor places conditions on a pledged contribution or imposes restrictions on the use of the money by the organization? What..
in performing financial ratio analysis, what the do the results mean? do the answers provide conclusions on their own, or do we have to pt them in perspective by comparing them to prior periods, other companies or competitiors or industry standard..
carmack company has credit sales of 2.80 million for year 2011. on december 31 2011 the companys allowance for doubtful
Nathan Company earns 11% on an investment that pays back $220,000 at the end of each of the next 5 years. Nathan's finance department has the following values related to the time value of money to help in its planning process and compounded intere..
Required: Prepare Income & Expenditure Account and Balance Sheet.
Prepare the journal entry to record each of the following independent transaction. (Use the number of the transaction in lieu of a date for identification purposes.)
Western State University uses job-cost records for various research projects. A major reason for such records is to justify requests for reimbursement of costs on projects sponsored by the federal government.
During 2009, Von Co. sold inventory to its wholly-owned subsidiary, Lord Co. The inventory cost $30,000 and was sold to Lord for $44,000. From the perspective of the combination, when is the $14,000 gain realized?
Smith Company's break-even point is 12,200 units. Each unit generates variable costs of $2.20 and is sold for $4.90. What are the total fixed costs?
What is the rate of return on common stockholders' equity if sales are $100,000, net income is $22,700, and average common stockholders' equity is $86,000?
If fixed costs are $1,500,000, the unit selling price is $250, and the unit variable costs are $130, what is the amount of sales required to realize an operating income of $200,000?
The financial reporting carrying value of Boze Music's only depreciable asset exceeded its tax basis by $150,000 at December 31, 2009. This was a result of differences between straight line depreciation for financial reporting purposes and MACRS f..
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