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Job 827 was recently completed. The following data have been recorded on its job cost sheet: Direct material...................................61,050 Direct Labor hrs................................1,332 labor hrs Direct labor wage rate.....................$ 14 per labor rate Machine hrs ................................. 1,480 machine hrs Numbers of units completed,............. 3,700 units
The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $13 per machine-hour. Compute the unit product cost that would appear on the job cost sheet for this job?
In the perfectly competitive industry, the market price is $25. A firm is currently producing 10,000 units of output, its average total cost is $28, its marginal cost is $20, and its average variable cost is $20.
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During the year, the trust makes a mandatory distribution to Sarah of $5,000 and a discretionary distribution of $10,000 to Kyle. The trust has no tax-exempt income. The distribution deduction of the trust is:
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