Reference no: EM132942195
Question - LUIS Corporation makes a product for which the following information is available:
Standard unit cost information: Direct materials 6 gallons @ $10 per gallon
Direct labor 2 hours @ $15 per hour
Overhead is applied on the basis of direct-labor hours.
The following budgeted and actual production information is also available:
Actual Budgeted
Direct labor hours 20,000 15,000
Overhead $230,000 $180,000
Production (in units) 9,000 10,000
Job Alpha was for 200 units, and used the following actual amounts: TOTAL direct materials cost - $20,000; TOTAL direct labor - 200 hrs. at a total cost of $10,000.
Required -
1. Compute the total manufacturing cost of Job Alpha under actual costing?
2. Compute the total manufacturing cost of Job Alpha under normal costing?
3. Compute the total manufacturing cost of Job Alpha under standard costing?
|
Main weaknesses of the existing quality control process
: 1. From your point of view, which are the main weaknesses of the existing quality control process?
|
|
Identify four major business risks of Myer Holdings Limited
: Identify four major business risks of Myer Holdings Limited and provide a detailed explanation of why each factor is identified as a risk to the business
|
|
How much would baskin budget for operating expenses
: Refer to the information above. In a flexible budget for sales of 60,000 T-shirts, how much would Baskin budget for operating expenses
|
|
How much of the total rent cost should be apportioned
: The total rental cost for an organization is RM40,000. How much of the total rent cost should be apportioned to the finishing department and stores department
|
|
Compute the total manufacturing cost of Job Alpha
: TOTAL direct materials cost - $20,000; TOTAL direct labor - 200 hrs. at a total cost of $10,000. Compute the total manufacturing cost of Job Alpha
|
|
What the balance of the accounts receivable on December
: Purchases P5,950,000; Gross margin on sales P2,450,000. What the balance of the accounts receivable on December 31, 2016
|
|
Discuss the lapses of judgement
: Discuss the lapses of judgement, fiduciary oversights and the consequences for the audit profession as a whole
|
|
What the return on plan assets for the year
: Present value defined benefit obligation, December 31 4,729,000. Benefits paid to retirees 390,000. What the return on plan assets for the year
|
|
Show the order of priority of payment of debts
: Show the order of priority of payment of debts for Investor Danger Ltd and calculate the amount payable to each of the creditors
|