The Job Cost Record for Job #624 revealed that direct materials requisitioned for the job totaled $1,050. the Job Cost Record also showed that direct labor for this job totaled 10 hrs at a wage rate of $25 per hour. Other data collected on the resources used by Job #624 included:
1 machine setup required
5 machine hrs
2 polishing cloths
2 quality control tests run
Requirements
1.Calculate the activity cost allocation rate for each of the five pools listed in the table
2. Calculate the total cost of Job #624 (ABC costing system)
3. Why would ABC provide a more accurate allocation of manufacturing overhead than a plantwide rate?
4. Assume that Radley Products used a traditional costing system rather than an ABC system. Its plantwide MOH rate would have been determined using direct labor hrs as the allocation base. How much cost distortion would have occurred on this job?
Answers: 2
Business, 21.06.2019 22:40
Job a3b was ordered by a customer on september 25. during the month of september, jaycee corporation requisitioned $2,400 of direct materials and used $3,900 of direct labor. the job was not finished by the end of the month, but needed an additional $2,900 of direct materials in october and additional direct labor of $6,400 to finish the job. the company applies overhead at the end of each month at a rate of 100% of the direct labor cost. what is the amount of job costs added to work in process inventory during october?
Answers: 3
Business, 22.06.2019 07:40
Myflvs -question 3 multiple choice worth 2 points)(10.04 hc)in panama city in january, high tide was at midnight. the water level at high tide was 9 feet and1 foot at low tide. assuming the next high tide is exactly 12 hours later and that the height of thewater can be modeled by a cosine curve, find an equation for water level in january for panamacity as a function of time (t).of(t) = 4 + 5of(t) = 5 cost + 4o 460) = 5 cos 1+ 4of(0) = 4 cos + 5
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Business, 22.06.2019 08:40
Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?
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Business, 22.06.2019 11:00
Your debit card is stolen, and you report it to your bank within two business days. how much money can you lose at most? a. $500 b. $25 c. $50 d. $150
Answers: 2
The Job Cost Record for Job #624 revealed that direct materials requisitioned for the job totaled $1...
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