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. Assume a manufacturer incurs 2,000,000 hours of direct productive labor in a year at a total direct labor cost of $50,000,000. The total manufacturing indirect expense for the same period is $67,500,000.a. What is the average direct labor hour rate?b. If the overhead were distributed on the basis of direct labor hours, what would the rate be per hour?c. If the overhead were distributed on the basis of direct labor dollars, what would the percentage rate be?2. Using the same factors as above, assume that we have two projects each requiring 100,000 direct labor hours. On Project A, because of work requirements and personnel assigned, direct labor costs of $2,040,000, or $20.40 per hour, were experienced. Project B, on the other hand, requires a direct labor cost of $2,800,000, or $28.00 per hour. Calculate the amount of overhead that would be allocated to these two projects on a labor hour and a dollar basis.Direct Labor Direct LaborHour Method Dollar MethodProject A $_____________ $____________Project B $_____________ $____________
The difference between the selling price and the variable cost per unit.
Justin and Tiffany form the equal TJ Partnership, Justin contributes cash of $20,000 and land (fair market value of $80,000, adjusted basis of $65,000), and Tiffany contributes the assets of her sole proprietorship (value of $100,000, adjusted bas..
Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $250,000 and will yield the following expected cash flows.
What is the FASB Accounting Standards Codification (FASB ASC)? What is the purpose of FASB ASC? How do you think it can be used to make better accounting decisions? Do these standards apply to fund accounting (non profit)?
How might the senior audit manager or partner on a particular engagement determine how much cost is acceptable to incur in order to test a particular area? Can you think of any lower cost alternatives?
Ganzalez, Inc., manufactures stereo speakers in two factories: one in Vandalia, Illinois and another in Modesto, California. The Vandalia factory uses DL$ for its overhead rate and the Modesto factory uses machine-hours (MHs) for its overhead rate..
Robert Huft retires in 6 years. He would have to purchase equipment costing $590,000 to equip the outlet. Other outlets in the fast food chain have an annual net cash inflow of about $140,000. Mr. Anders would close the outlet in 6 years. He estim..
The methods of evaluating capital investment proposals can be grouped into two general categories that can be referred to as (1) methods that ignore present value and (2) present values methods.
25,000 shares of $10 par common stock were issued at $16. What is the total amount reported in the cash flows from financing activities section of the statement of cash flows?
Sanderson sells a single product for $45 that has a variable cost of $35. Fixed costs amount to $5 per unit when anticipated sales targets are met. the company sells one unit in excess of its break-even volume, profit will be:
Stoker Corporation applies fixed overhead at the rate of $0.65 per unit. For May, budgeted fixed overhead was $524,745. The production volume variance amounted to $5,070 unfavorable, and the price variance was $11,100 unfavorable.
They agree to salaries of $12,000 and $18,000 for Singer and McMann respectively and 10% interest on original capital. If they agree to share remaining profits and losses on a 3:2 ratio, what will McMann‘s share of the income be if the income for ..
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