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World Company expects to operate at 80% of its productive capacity of 50,000 units per month. At this planned level, the company expects to use 25,000 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate based on direct labor hours. At the 80% capacity level, the total budgeted cost includes $ 50,000 fixed overhead cost and $ 275,000 variable overhead cost. In the current month, the company incurred $ 305,000 actual overhead and 22,000 actual labor hours while producing 35,000 units.
(1) Compute the overhead application rate for total overhead.
(2) Compute the total overhead variance.
What would be the size of the U.S. labor force and how would a more generous unemployment insurance system affect the lull employment - explain why inflation usually increases during wartime.
Compare bottom-line financial results of using the fixed budget and flexible budget if volumes (a) increase by 10% or (b) decrease by 10%.
It entered into the following calendar year 2013 purchases and sales transactions.
What is the unit product cost for the month under variable costing and what is the unit product cost for the month under absorption costing?
detmer holdings ag of zurich switzerland has just introduced a new fashion watch for which the company is trying to
Estimate the contribution to profit of a standard 180-guest cocktail party if Chavez charges her usual price of $31 per guest. (In other words, by how much would her overall profit increase?)
Question: Analyze the methods of capital investment appraisal , Explain briefly…
Compute the budgeted cash receipts for June - prepare a cash budget in good form for June. Clearly show any borrowing needed during the month
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Comment on the employ of functional versus absorption income statement. Explain the differences in presentation and employ of each type of income statement. Describe the contribution margin concept or computation and when to use the information.
Actual production and sales were 62,900 coffee mugs, actual direct materials usage was 10,000 lbs. at an actual price of $0.17 per lb., actual direct labor usage was 202,000 minutes at a total cost of $30,300
Assuming that three units of product A are sold for every four units of product B, calculate the dollar sales volume necessary to break-even. As part of its cost accounting routine, Wilcox Company assigns $36,000 in fixed costs to each product e..
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