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Assume that manufacturing overhead for Glassman Company in the previous exercise consisted of the following activities and costs:Setup (1,000 setup hours) ..................... $144,000Production scheduling (400 batches)............. 60,000Production engineering (60 change orders) ........ 120,000Supervision (2,000 direct labor hours) ............ 56,000Machine maintenance (12,000 machine hours) ..... 84,000Total activity costs ......................... $464,000The following additional data were provided for Job 845:Direct materials costs.......................... $7,000Direct labor cost (5 Milling direct labor hours;35 Finishing direct labor hours) ................ $1,000Setup hours ................................. 5 hoursProduction scheduling ......................... 1 batchMachine hours used (25 Milling machine hours;5 Finishing machine hours).................... 30 hoursProduction engineering ........................ 3 change ordersa. Calculate the cost per unit of activity driver for each activity cost category.b. Calculate the cost of Job 845 using ABC to assign the overhead costs.c. Calculate the cost of Job 845 using the plantwide overhead rate based on machine hours calculated in the previous exercise.d. Calculate the cost of Job 845 using a machine hour departmental overhead rate for the MillingDepartment and a direct labor hour overhead rate for the Finishing Department
Milling Department manufacturing overhead...............................$344,000Finishing Department manufacturing overhead .............................$120,000Machine hours usedMilling Department .................................................10,000 hoursFinishing Department ...............................................2,000 hoursLabor hours usedMilling Department .................................................1,000 hoursFinishing Department ...............................................1,000 hour
During December, LP Products incurred the following cost:advertising expense $10,000. General and administrative cost $ 9,000From the information given above, what is the total indirect manufacturing cost.
Jones is the manager for ABC Auto Repair. Unknown to his employer, Jones also does freelance auto repair work to earn extra cash. He sometimes uses ABC's facilities and tools for these jobs. Discuss the costs and potential costs that ABC might ..
October Corporation reported net income of $46,000 in 2012. Depreciation expense was $17,000 and unrealized holding losses on temporary investments (FV-NI) were $3,000. The following accounts changed as indicated in 2012:
Compute the cost of the ending inventory under the average-cost method, assuming there are 300 units on hand. (Round average cost to 2 decimal places, e.g. 3.25. Use this rounded amount to calculate cost of ending inventory.)
The Connecting company uses the percent of sales method of accounting for uncollectible accounts receivable. During the current year, the following transaction occurred: Prepare the general journal entries to record these transactions.
Which of the following is NOT a legal restriction related to profit distributions by a corporation?
griffith delivery service purchased a delivery truck for 33600. the truck has an estimated useful life of six years and
What information does the cash flow statement provide that you cannot see in the other financial statements (income statement, balance sheet, owner's equity)? What elements of the cash flow statement do you think are most important for company..
Hess, Inc. sells a single product with a contribution margin of $12 per unit and fixed costs of $74,400 and sales for the current year of $100,000. How much is Hess's break even point.
Calculate the value of the firm's operations.
abc ltd issued a bond with face value of n1 000 with a coupon rate of 12 per annum. coupon is paid annually. the
What are the tax consequences to Bluejay and to Redbird as a result of Bluejay's liquidation?
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