The total estimated product cost on the proposed job

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Reference no: EM132169447

A. In developing a predetermined factory overhead application rate for use in a process costing system, which of the following would generally be used in the denominator?

I. Actual machine hours II. Estimated machine hours

(A) I only

(B) II only

(D) Neither I nor II

B. Use the following facts to answer Questions 16-17. Anita Corporation has two major categories of factory overhead: indirect labor and replacement parts for factory machinery. The costs expected for these categories for the coming year are as follows: Indirect labor Replacement parts for factory machinery $90,000 $70,000 Anita currently applies overhead based on direct labor hours. The estimated direct labor hours are 40,000 per year. The plant manager is asked to submit a bid for a potential job and assembles the following data: Direct materials $4,000 Direct labor (2,000 hours) $16,000 16. Which amount reflects the prime costs for the job?

(A) $4,000

(B) $16,000

(D) $28,000

C. What is the total estimated product cost on the proposed job?

(A) $28,000

(B) $32,000

(D) $20,000

Reference no: EM132169447

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