Harshman company constructed a building for its own use. the company incurred costs of $40,000 for materials and supplies, $68,000 for direct labor, and $7,000 for a supervisor’s overtime that was caused by the construction. harshman uses a factory overhead rate of 50% of direct labor cost. before construction, the company had received a bid of $162,000 from an outside contractor.1.assuming common practice is followed, at what value should harshman capitalize the building? 2.the cost of the constructed asset will more closely approximate the cost of an equivalent purchased asset when the (blank) approach is used.3. harshman company constructed a building for its own use. the company incurred costs of $40,000 for materials and supplies, $68,000 for direct labor, and $7,000 for a supervisor’s overtime that was caused by the construction. harshman uses a factory overhead rate of 50% of direct labor cost. before construction, the company had received a bid of $135,000 from an outside contractor. at what amount should the building be recorded on the company's books?

White company has two departments, cutting and finishing. the company uses a job-order costing system and computes a predetermined overhead rate in each department. the cutting department bases its rate on machine-hours, and the finishing department bases its rate on direct labor-hours. at the beginning of the year, the company made the following estimates: department cutting finishing direct labor-hours 6,000 30,000 machine-hours 48,000 5,000 total fixed manufacturing overhead cost $ 264,000 $ 366,000 variable manufacturing overhead per machine-hour $ 2.00 " variable manufacturing overhead per direct labor-hour " $ 4.00 required: 1. compute the predetermined overhead rate for each department. 2. the job cost sheet for job 203, which was started and completed during the year, showed the following: department cutting finishing direct labor-hours 6 20 machine-hours 80 4 direct materials $ 500 $ 310 direct labor cost $ 108 $ 360 using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to job 203. 3. would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates?

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to:

After testing its water, a city water department issues a report to the related citizens, noting what chemicals have been identified, their doses, and the estimated risks of exposure at these levels. this report represents a type of