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Tik Tok Company manufactures customized coffee tables. The following relates to Job No. X10, an order for 150 coffee tables: Direct materials used $22 800 Direct labour hours worked 600 Direct labour rate per hour $16.00 Machine hours used 400 Applied factory overhead rate per machine hour $30.00 Required:
Problem a) What is the total manufacturing cost for Job No. X10?
Problem b) Calculate the cost per coffee table for Job No. X10?
Problem c) List two uses of this unit cost information to the managers at Tik Tok Company
Uncollectible accounts expense is determined by the direct write-off method. Which of the following will be amount of uncollectible accounts expense?
3. Overhead and administrative expense budget schedule for the month of June.
Discuss Did the company underapply or overapply the manufacturing overhead? What is the amount of overapplied or underapplied overhead?
Describe the type of business you would start if you were to start a new company. Identify at least two way management accounting information.
Suppose you are opening a mobile phone and tablet repair kiosk in a mall. Which of the following decisions are you likely to make?
Value Products,Prepare the budgets for Value Products Ltd on a month by month basis for the six-month period from July to December 2020.
Use the dollar-value LIFO method to compute the ending inventory ($) for Johnson Company for 2010 through 2014.
Sally and Tom decide to go into business, selling discounted merchandise through their website e-buy.They sign a partnership agreement that requires Sally to contribute $12,000 and Tom to contribute $8,000 in capital to start the firm.
The stock's market value is $25 on March 1st (just prior to the dividend) and $35 on March 31st. Par Value is .01 and there are 1,000 shares outstanding. Record the dividend declaration in a journal entry.
The entire amount was used to increase the balance in the Prepaid Insurance Account. The balance on the Prepaid insurance account on May 31st is
Which is NOT a benefit of decentralization? Simplifies the coordination of decision-making across the company, Trains future managers in decision-making
If Danyao Inc. could rent out the space that is currently used to produce the timers for $15,000 per year, should the company make or buy the timers?
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