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Crede Manufacturing Company uses a standard cost accounting system. In 2020, 26,000 units were produced. Each unit took several kilograms of direct materials and 1.6 standard hours of direct labour at a standard hourly rate of $9. Normal capacity was 50,900 direct labour hours. During the year, 117,000 kg of raw materials were purchased at $0.95 per kilogram. All materials purchased were used during the year.
Question 1: If the materials quantity variance was $5,200 unfavourable, what was the standard materials quantity per unit? (Round answer to 2 decimal places, e.g. 5.17.)
The following data are for the two products produced by Shakti Company.
Determine the company's predetermined overhead application rate - Determine the additions to the Work-in-Process Inventory account for direct material used, direct labor, and manufacturing overhead.
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The company all of these parts it needs for $57 a unit. What will be the change in Barnes Company's net income if it accepts this offer?
Price Bus Lines provides school bus service to two school districts: East and West.Price has one support centre that is responsible for service, maintenance, and cleanup of its buses. The costs of the support centre are allocated to each district on ..
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Compute the effect of this alternative. This must be shown from a "relevant cost" perspective. If you compute your answer using all costs
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How does the process costing system used here differ from a job costing system? Prepare journal entries to record each of the previous transactions
Calculate the cost per equivalent unit for materials and conversion costs. Calculate the cost of ending Work in Process.
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