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The Kraig Corporation manufactures custom-made purses. The following data pertains to Job XY5:
Direct Materials placed into production, $4,000Direct Labor Hours worked, 50 hoursDirect Labor rate per hour, $15Machine hours worked, 100 hours
Plantwide overhead is applied using a plant-wide rate based on direct labor hours. Plantwide overhead was budgeted at $60,000 for the year and the direct labor hours were estimated to be 15,000. Job XY5 consists of 50 units.
Problem 1: What is the overhead cost assigned to Job XY5?
Option 1: $1,500Option 2: $400Option 3: $200Option 4: $750
The DM price standard is $2.50 per kilogram and the DM quantity standard is 435 kilograms. What was the materials price variance for July
The following information describes production activities of Mercer Manufacturing for the year:
What is the margin related to this year's investment opportunity? Westerville Company reported the results from last year's operations
How much is the overhead application rate if Barr bases the rate on direct labor hours? Expected production 60,000 labor hours
George Ltd manufactures two types of coils used in electric motors. The two types are: C20 and D40. They both require plastic and metal. Information for the two products for the month of April is given
1. the globalization of business activity has resulted in which of the following?a.nbsp increased corruption and
Discuss in detail two strategies that may be adopted by divisional management to improve ROI and RI for short-term profitability.
For the first quarter of 2017, prepare a production budget and a direct materials budget. The following is a Sales budget for RTI Industries Inc. for 2017
Swimkids variable costs are $18 per unit. Fixed costs are $88,900. Swimkids expects sales of $278,000 next year. What is Swimkids's margin of safety
A non-time-only special order where there is sufficient idle capacity to fill the order, which one of the following is not relevant in making decision?
The usefulness of its budgets, variances, and related analyses depends on the accuracy of management's estimates of future sales activity.
Monthly fixed manufacturing overhead costs total $289570, and monthly fixed selling expenses total $76250. Calculate operating income
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