Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q1. In the standard cost formula Y = a + bX, what does the "b" represent?
1. total cost
2. total fixed cost
3. total variable cost
4. variable cost per unit
Q2. Milnes Corporation has provided the following data concerning its direct labor costs for November:
Standard wage rate
$13.40 per DLH
Standard hours
5.0 DLHs per unit
Actual wage rate
$14.00 per DLH
Actual hours
20,120 DLHs
Actual output
4,200 units
The journal entry to record the incurrence of direct labor costs in November would include the following for Work in Process:
1. Debit of $281,400
2. Credit of $281,680
3. Credit of $281,400
4. Debit of $281,680
Q3. A company produces a single product. The following volume and average cost data for two accounting periods have been provided by management:
Number of units
500
$800
Direct materials
$2.00
Direct labor
$1.50
Manufacturing overhead
$2.50
$1.75
Other overhead
$1.00
$0.625
The best estimate for the cost formula for the total cost of producing and selling the product (where X is the number of units produced and sold in a period) is:
1. $1,000 + $1.125 X
2. $1,000 + $3.50 X
3. $1,500 + $3.50 X
4. $1,500 + $4.00 X
Compute the new cost per unit for each of the products considering the increase in capacity. Show the computation for each per unit product cost in detail and What is the cost of the unused capacity
What are the advantages and disadvantages of a stable inventory policy for a company that has greatly fluctuating sales during the year and what type of production process lends itself to process costing? Provide an example.
Should Paris accelerate recognition of this gain from next year to this year, suppose a net capital loss carryforward in each of the subsequent amounts?
On June 1, 200X, Ben's accounts receivable had a fair value of $ 140,000. Additionally, Ben's capitalized software costs were estimated to have a fair value of $ 200,000 and liabilities were valued at $30,000. All other items were stated at their ..
questionpartnership starts its first year with the following capital balancesarthur capitalnbspnbsp
Determine the NPV for the purchase, lease without the service contract, and the lease with the service contract.
What are the primary documents supporting a job order costing system and what purposes are served by each of them and how does information from a job order costing system support management decision making?
question in each of the given scenarios evaluate in regards to the exchange with xaas amount realized bas loss or gain
Discuss the difficulties associated with allocating overhead costs in the contemporary manufacturing environment and identify strategies that firms can adopt to help make their overhead allocations more accurate and reliable.
Pacifica will maintain Seguros as a wholly owned subsidiary with its own legal and accounting identify. the consideration transferred to the owner of Seguros included 50000 newly issued Pacifica commom shares ($20 market value, $5 par value) and a..
Capital balances in Midway Co. are Mirko $40,000, Neil $30,000, and Grillini $18,000. Mirko and Neil each agree to pay Grillini $12,000 from their personal assets. Mirko and Neil each receive 50% of Grillini's equity. The partners share income equ..
problem 1the frackle department is the first of a two-stage production method. spoilage is identified when the units
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd