Reference no: EM132943097
Question - Yancey Productions is a film studio that uses a job-order costing system. The company's direct materials consist of items such as costumes and props. Its direct labor includes each film's actors, directors, and extras. The company's overhead costs include items such as utilities, depreciation of equipment, senior management salaries, and wages of maintenance workers. Yancey applies its overhead cost to films based on direct labor-dollars.
At the beginning of the year, Yancey made the following estimates:
Direct labor-dollars to support all productions $8,000,000
Fixed overhead cost $4,800,000
Variable overhead cost per direct labor-dollar $0.05
Required -
1. Compute the predetermined overhead rate.
2. During the year, Yancey produced a film titled You Can Say That Again that incurred the following costs:
Direct materials $1,259,000
Direct labor cost $2,400,000
Compute the total job cost for this particular film.
Complete the question by entering your answers in the tabs given below.
Required 1 - Compute the predetermined overhead rate.
Required 2 - Compute the total job cost for this particular film.
|
What amount should Wildhorse report
: Acquisition of R&D equipment with a useful life of 4 years in R&D projects $852000. What amount should Wildhorse report as research & development expense
|
|
Corporate social responsibility and code of ethics of boeing
: Question: What are the Corporate Social Responsibility and Code of Ethics of Boeing?
|
|
What is the Net Book Value of the bonds on December
: X Company purchased $2,000,000 in bonds that will mature in 10 years and pay 6% interest annually. What is the Net Book Value of the bonds on December
|
|
Calculate the maturity value of the note
: A $20,000 promissory note is issued on June 12 for a five-month term carrying an annual interest rate of 5.5%. Calculate the maturity value of the note.
|
|
Compute the predetermined overhead rate
: At the beginning of the year, Yancey made the following estimates: Fixed overhead cost $4,800,000. Compute the predetermined overhead rate
|
|
Use of the emotional appeals of sex and fear in advertising
: Using examples, compare and contrast the use of the emotional appeals of sex and fear in advertising
|
|
Salient features of the code of corporate governance
: Briefly describe the salient features of the Code of Corporate Governance as implemented under Companies Act 2017
|
|
Assess personal knowledge and skills
: List three ways by which you would assess personal knowledge and skills against the competency standards to determine development needs, priorities and plans.
|
|
How much is the budgeted cost of goods sold
: The cash balance at the beginning of 2021 is P1,900,000. The company maintains a P2,000,000 minimum cash balance. How much is the budgeted cost of goods sold
|