User Account

All Pages

Determine what the direct labor cost was

Assignment Help Managerial Accounting
Reference no: EM133002271

Problem 1: In May direct labor was 55% of conversion cost. If the manufacturing overhead for the month was $82,800 and the direct materials cost was $21,700, the direct labor cost was:

Option 1: $67,745
Option 2: $101,200
Option 3: $17,755
Option 4: $26,522

Reference no: EM133002271

Questions Cloud

Calculate the value of the option to abandon the project : You have been asked to evaluate an infinitely lived project. The project has a cost of $100. There is no depreciation.
Calculate the irr of investment : 1) At year-end of 2015 you buy a parcel of ABC shares for $10 per share. At month-end Mar-2016 you receive a dividend of $0.11 per share when the ex-dividend ma
Compute the cost of capital for the firm : A bond the has a $1.000 par value (face value) and a contract or coupon interest rate of 11%. The bond has a current market value of $1.125 and will mature in 1
Explain the behavioral biases at work : Explain how a combination of the conservatism bias and the representativeness bias can explain the presence of a pattern of short- to medium-term momentum along
Determine what the direct labor cost was : Determine what the direct labor cost was? In May direct labor was 55% of conversion cost. If the manufacturing overhead for the month was $82,800.
Calculate the company ending fixed asset value : Sristee Inc. had an operating cash flow of $1000, change in net working capital of $100 and cash flow from assets of $700. In addition, it had deprecation of $1
What is the net asset value per unit of fund : As of April 30, 20X9, the Five Stars Segregated Fund had 1,555,000 units outstanding, a total value of assets of $22,200,000, total liabilities of $4,550,000 an
What are the investment or project options : Explain in term of the four business segments of TVA ( Broadcasting, Magazines, Film production & Audiovisual, Production & Distribution)
What are the equivalent units of production for materials : Concord Company had the department information about physical units, what are the equivalent units of production for materials during May?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Differences between income statements of service enterprises

Briefly explain the major differences between income statements of service enterprises versus those of retailers, wholesalers, and manufacturers.

  Compute the amounts that should be

Compute the amounts that should be included for each of the following in a flexible budget prepared for a 6,500-unit level of production

  Indicate the effect of the misstatement

Indicate the effect of the misstatement on Waterjet Bath's December 31, 2019, balance sheet and income statement for the year ended December 31, 2019

  Find what minimum price marquette should charge retailer

Marquette has an opportunity to sell its product, What is the minimum price Marquette should charge the retailer for this initial order of 2,000 units?

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Compute the under or overallocation of overhead

TinBrass products manufactures industrial grade waterflow, Compute the under or overallocation of overhead under the normal and the actual cost system.

  Show how such a system should be structured

Use the elements of the Cost of Quality and the Internal Operations component of the Balanced Scorecard[BSC] to show how such a system should be structured

  Analyses showed was not operating at break-even

If a company's CVP analyses showed it was not operating at break-even, where on the financial statements might one be able to see this impact

  Which statement about the use of fifo assumption is not true

Which statements about the use of the FIFO assumption is NOT true? In periods of rising prices it produces a higher profit than LIFO.

  How many seats must be sold

If the central promoter wants an operating profit of $500,000, how many seats must be sold? It is assumed that the average ticket price is $10

  How many orders for widgelets will franklin place per year

What is the total annual cost of Franklin's inventory policy for Widgelets under the EOQ policy? How many orders for Widgelets will Franklin place per year

  How many units must be sold to break even

Variable cost for each unit are $18 and total fixed costs are $3925. How many units must be sold to break even

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd