Reference no: EM13915707
Quark Spy Equipment manufacturers espionage equipment. Quark uses a job-order costing system and applies overhead to jobs on the basis of direct labor-hours. For the current year, Quark estimated that it would work 64,000 direct labor-hours and incur $13,120,000 of manufacturing overhead cost. The following summarized information relates to January of the current year. The raw materials purchased include both direct and indirect materials.
Raw materials purchased on account $ 926,100
Direct materials requisitioned into production $ 852,700
Indirect materials requisitioned into production $ 64,700
Direct labor cost (5,200 hours @ $32 per hour) $ 166,400
Indirect labor cost (5,400 hours @ $22 per hour) $ 118,800
Depreciation on the factory building $ 138,600
Depreciation on the factory equipment $ 648,000
Utilities for the factory $ 58,300
Cost of jobs finished $ 1,827,100
Cost of jobs sold $ 1,743,700
Sales (all on account) $ 2,615,900
|
Company has an opportunity
: Assume that the company has an opportunity to invest in a new technology that would increase its fixed costs by $5,000. If everything else in the budget remains the same, should the company invest in the new technology?
|
|
Fixed costs and variable costs associated with operating
: Fixed and Variable Costs. After reading Chapter in the text and viewing the required video for this week, Fixed, variable, and marginal cost, address the following in your initial post:
|
|
How has the web changed job searching for individuals
: How has the Web changed job searching for individuals and recruiters? Has the change had a positive or a negative effect? Why?
|
|
Accumulated e & p
: 6. (TCOs 1 and 9) Maria and Christopher each own 50% of Cockatoo Corporation, a calendar year taxpayer. Distributions from Cockatoo are $750,000 to Maria on April 1 and $250,000 to Christopher on May 1. Cockatoo's current E & P is $300,000 and its ac..
|
|
Direct labor hours
: Quark Spy Equipment manufacturers espionage equipment. Quark uses a job-order costing system and applies overhead to jobs on the basis of direct labor-hours. For the current year,
|
|
Describe an auto transformer starter
: Describe an auto transformer starter
|
|
Prepare four worksheets that inventory your qualifications
: Prepare four worksheets that inventory your qualifications in these areas: employment, education, capabilities and skills, and honors and activities. Use active verbs when appropriate.
|
|
Important characteristic in competition-monopolististic
: Explain the most important characteristic in perfect competition, monopolistic competition, oligopoly, and monopolies and relate the characteristic to how these firms can make profits in the short run. In your analysis, make sure to relate an exa..
|
|
Inventory balances in august
: There were no direct materials price or direct labor rate variances for August. In addition, assume there were no changes in the direct materials inventory balances in August. Cornerstone Printers Company actually produced 22,600 units during August.
|