Randolph company has two departments (department a and department b) for job #111. as cost drivers used to apply overhead to products, the department a uses machine-hours and the department b uses direct labor-hours. the following estimates were provided for 2018 at the beginning of the year.
department a
direct labor-hours 30,000
machine-hours 80,000
direct labor cost $500,000
manufacturing overhead costs $420,000
department b
direct labor-hours 60,000
machine-hours 20,000
direct labor cost $900,000
manufacturing overhead costs $240,000

the accounting records of the company show the following data for job #111 for january:
department a
direct labor-hours 120
machine-hours 60
direct material cost $300
direct labor cost $500
department b
direct labor-hours 70
machine-hours 5
direct material cost $300
direct labor cost $400

what is the amount of overhead costs allocated to job #111 on the basis of job-order costing system?

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

Lo.2, 3, 9 lori, who is single, purchased 5-years class property for $200,00 and 7-years class property for $420,000 on may 20, 2018. lori experts the taxable income derived form the business (without regard to the amount expensed under ⧠179) to be about $550,000. lori has determined that she should elect immediate ⧠179 expensing in the amount of $520,000, but she doesn’t know which asset she should completely expense under ⧠179. she does not claim any available additional first-year depreciation. a. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 5-year class asset. b. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 7-year class asset. c. what is your advice for lori? d. assume that lori is in the 24% marginal tax bracket and that she uses ⧠179 on the 7-year asset. determine the present value of the tax savings from the depreciation deductions for both assets. see appendix g for present value factors, and assume a 6% discount rate. e. assume the same facts as in part (d), except that lori decides not to use ⧠179 on either asset. determine the present value of the tax savings under this choice. in addition, determine which option lori should choose. f. present your solution to parts (d) and (e) of the problem in a spreadsheet using appropriate microsoft excel formulas. e-mail your spreadsheet to your instructor with a two-paragraph summary of your findings.

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)