Reference no: EM13916597
Dapper Corporation had only one job in process on May 1. The job had been charged with $1,250 of direct materials, $4,220 of direct labor, and $5,950 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $20.50 per direct labor-hour.
During May, the following activity was recorded:
Raw materials (all direct materials):
Beginning balance $ 13,200
Purchased during the month $20,200
Used in production $31,200
Labor:
Direct labor-hours worked during the month 2,290
Direct labor cost incurred $28,625
Actual manufacturing overhead costs incurred $39,400
Inventories:
Raw materials, May 30 ?
Work in process, May 30 $16,400
Work in process inventory on May 30 contains $2,750 of direct labor cost. Raw materials consist solely of items that are classified as direct materials. The balance in the raw materials inventory account on May 30 was:
|
Find the expected value and variance
: Suppose we fit the model y = X1β1+ ε when the true model is actually given by y = X1β2 + X2β2 + ε. For both models, assume E(ε) = 0 and Var(ε) = σ2I. where I is the identity matrix. Find the expected value and variance of the ordinary least-squares e..
|
|
Give ways through which computer based systems
: Give ways through which computer based systems could increase the organisation's efficiency.
|
|
Differences between managerial accounting and financial acc
: Explain the differences between managerial accounting and financial accounting.
|
|
Discuss the reasonspeople resist organizational change
: Discuss the reasonspeople resist organizational change and how change agents should view thisresistance. APA Format, 300 Word Minimum, Please Cite References
|
|
Dapper corporation had only one job in process
: Dapper Corporation had only one job in process on May 1. The job had been charged with $1,250 of direct materials, $4,220 of direct labor, and $5,950 of manufacturing overhead cost
|
|
Windy city watches is a men''s jewelry store
: Windy City Watches is a men's jewelry store that is located in downtown Chicago, IL. Fortunately, business is booming and Wally, the proprietor, needs to order a large quantity of Rolek watches (which he sells for $50 apiece) because his stock is alm..
|
|
Monitoring board of the iasb
: Do you believe SEC meets the criteria necessary to continue as a member of the Monitoring Board of the IASB. If not, do you believe there mitigating factors that should be considered in permitting the SEC to continue as a member of the Monitoring Boa..
|
|
Ida sidha karya company
: Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia.
|
|
The university policy on extensions of time
: The university policy on extensions of time will be strictly enforced. Extensions will usually only be considered if made via the online system and based on medical or compassionate grounds. Any extension application should be made before the due dat..
|