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a company has the budget for manufacturing overhead based on direct labor hours. budgeting at 10,000 direct labor hours are as follows. Variable costs= 160000 Fixed Costs = 80,000 Tottal OH cost 240,0001)at an activity level of 8000 direct labor hours, the flexible budget would show the budgeted amount for total overhead costs as:
2) the Company operated at 8000 direct labor hours, and incurred a cost of 230,000. The resulting variance would be:
Please show work so i can figure out how to solve problem in the future
Direct Material Cost Variances (DMCV) This variance is a general difference in the standard direct material cost and the actual direct material cost. This variance may be prese
1. The Initial Borrowings required are determined by the amount required to start the project less the Cash Invested by the Corporation. The loans will always be principle & inte
short note
formula for economic order quantity
A company manufactures a single product. Estimated cost data regarding this product and other information for the product and the company are as follows: Sales price per unit Rs.2
cost accounting is said to three different phases ?? name them.
A job order cost sheet for Lowery Company is shown below Date Direct Materials Direct Labor Manufacturing overhead Beg Bal Jan 1 5,000 6,000 5,100 8 6,000 12 8,000 6,400 25 2,000 2
how to prepare separate accounts for each process given having been givent normal loss,output,overhead and output passes to next process
Long-Term Liabilities: These are usually for more than one year. They cover almost all the outsider's liabilities not comprised in the current liabilities and provisions. Such
Bases of Cost Classification These various bases of cost classification are summarized in the diagram underneath as: Here, we will usually refer to either of these ter
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