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Question - A company makes two products 1 and 2. The finishing activity pool has estimated manufacturing costs of $94,080 and the cost drivers for Product 1 is 200 and 500 for Product 2. The assembling activity pool has estimated costs of $55,973 and the cost drivers for Product 1 is 350 and 275 for Product 2. Direct labor hours for Product 1 is 478 and 243 for Product 2. What is the total manufacturing overhead rate to be used under traditional cost accounting?
Compute the contribution margin of different products manufactured and sold? What relationship do you see between these cost behaviors
If beginning finished goods inventory was $2,000 and cost of goods sold was $8,000, how much would the company report for cost of goods manufactured
At December 31, Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold.
Determine the Cost of goods sold, Direct materials cost and Direct labor cost amounts is available for the first year of operations of Creston Inc.
Find what the direct materials quantity variance for the month was? During the latest month, the company purchased and used 47,000 pounds
Briefly explain the meaning of these variances clearly stating weather there was an overall favourable or unfavourable variance?
Personal budget - Pay apartment deposit on September 2 (to be returned December 15) 600. What are the budget implications for Craig Kovar
Find what the ROI for Coretex would amount to? The current pretax income for Coretex is $75,000 (tax rate is 35%), with an average asset base
Using the equation you chose in part b., estimate the Maintenance Cost for the upcoming period. The Manufacturing Time is expected to be 5,000
Which is correct concerning a budget? It is formal document that quantifies a company's plans for achieving its goals. / It is prepared by the budget committee.
How Analyze the variances from the flexible budget and identify issues that management should be concerned about. You only need to highlight variances
Find and Develop standard cost for direct cost components of a 10-gallon batch of raspberry sherbet. For each direct cost component
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