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Morton Company’s variable manufacturing overhead should be $4.50 per standard direct labor-hour and fixed manufacturing should be $270,000 per year. The company manufactures a single product that requires two direct labor-hours to complete. The direct labor wage rate is $15 per hour. Four feet of raw material are required for each unit of product; the standard cost of the material is $8.75 per foot. Although normal activity is 30,000 direct labor-hours each year, the company expects to operate at a 40,000-hour level of activity this year. Complete two standard cost cards as outlined below. Denominator Activity: 30,000 Direct Labor-Hours Direct materials, 4 feet at $8.75 per foot............ $35.00 Direct labor, ?................................................. ? Variable manufacturing overhead, ?.................. ? Fixed manufacturing overhead, ?...................... ? Standard cost per unit..................................... $ ? Denominator Activity: 40,000 Direct Labor-Hours Direct materials, 4 feet at $8.75 per foot..... $35.00 Direct labor, ?........................................... ? Variable manufacturing overhead, ?............. ? Fixed manufacturing overhead, ?................. ? Standard cost per unit................................ $ ?
What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, year 2?
Duiker Corporation has a joint process that produces three product: A, S and B. Each product may be sold at split-off or processed further and then sold. Joint-processing costs for the year amount to $30,000. Other data follows: PRODUCT SALES VALUE A..
Evaluate the dollar cost of each of proposed plans for obtaining an initial loan amount of $100,000 and which plan do you recommend? Why?
short description computation of total cash received from the selling of merchandise.first company sold merchandise on
he market rate of interest 12%. The interest is paid on June 30 and December 31. Find out the price of the bonds at January 1, 2010. Prepare the journal entry to record the issuance by Carla Industries on Jan 1, 2010
What are the auditor’s responsibilities for inventory maintained in public warehouses or with other outside custodians? Illustrate what risks do auditors face with these different locations where inventory is stored?
cost allocation theory through cost drivers.the city of seattle reading lists a series of costs and associated cost
Texas Company produces one product that it sells for $50 per unit. In producing that product, Texas Company incurs variable costs of $35 per unit and fixed costs of $400,000. How many units of the product will Texas Company have to produce and sell t..
They incurred $4000 in unreimbursed doctor and lab fees for the visit.If Sam’s AGI is $35,000, what amount can he deduct for medical expenses on Schedule A
Base on best buy 10-K form and other sourse to answer following question. What is the industry classification (NAICS - North American Industry Classification System) for the company that you have selected?
Determine the net income reported by Emerald Golf Inc. for the year ended December 31, 2008 - Emerald Golf Inc. reported a net cash flow from operating activities of $86,700 on its statement of cash flows for the year ended December 31, 2008.
Merchandise costing $2,400 was sold for $4,000 to B.J. Taylor on December 29, 2010, but the sale was recorded in 2011. The merchandise was shipped F.O.B. shipping point and was not included in ending inventory. Meyers uses a periodic inventory sys..
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