Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
ABC Bhd uses a job order costing system in its production process. Production overhead is applied based on direct labor hours incurred. The following information concerns a customer order for the job number 1345H:
Direct materials used:
Requisition Number 1333 RM880
Requisition Number 1334 RM906
Requisition Number 1335 RM248
Direct labor:
Machining Department 8 hours at RM9 per hour
Assembly Department 5 hours at RM10 per hour
Inspection Department 7 hours at RM12 per hour
In addition, production overhead cost is applied to the job at the rate of RM11 per direct labor hour. The selling and distribution overhead is RM180. Profit markup is estimated at 25% of the total cost.
Problem 1: Prepare total cost for the job number 1345H.
If rent is a fixed cost, and if production is expected to drop to 7,000 units in September, what is the expected cost of rent in September?
List and describe four potential problems with a "traditional" overhead allocation system and list and describe four "red flags" that may indicate you should consider revising your overhead allocation system.
Find and Explain the importance of non-financial performance indicators in the modern competitive business environment, supporting your discussion.
Is the above variance report useful for evaluating how well revenues and costs were controlled during May? Why or why not?
What is the meant for activity-based costing system? What was management's primary concern in deciding to implement an activity-based costing system?
Assuming the assumptions about cost behavior from the first three quarters hold constant, what is the estimated unit product cost for the fourth quarter?
Compute the variable cost ratio and the contribution margin ratio and compute the break-even point in units and sales ringgit.
Using the high-low method to split mixed costs, the variable rate is found to be $3 per hour,What is the estimated total cost at 350 hours?
$57 in variable production cost and $26 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing.
For each transaction, indicate how it would be reported on the statement of cash flows. Use the following key:
Refer to Exercise In Exercise, Karen Corporation has compiled the following information from the accounting system for the one product it sells:
Estimate Sparrow's ending inventory and cost of goods sold for the year using the retail inventory method and the average cost application.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd