Costs of abnormal spoilage are usually accounted for as ________.
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You have broken a law which is out of line with the moral la…
You have broken a law which is out of line with the moral law and you are willing to suffer the consequences by serving the time. In this quotation, Martin Luther King Jr. describes:
What was the manufacturing overhead allocated during 2017?
What was the manufacturing overhead allocated during 2017?
Describe how you would transform 3750 into a Mayan numeral.
Describe how you would transform 3750 into a Mayan numeral.
Jean Peck’s Furniture manufactures tables for hospitality se…
Jean Peck’s Furniture manufactures tables for hospitality sector. It takes only bulk orders and each table is sold for $400 after negotiations. In the month of January, it manufactures 3,200 tables and sells 2,400 tables. Actual fixed costs are the same as the amount of fixed costs budgeted for the month. The following information is provided for the month of January: Variable manufacturing costs $130 per unit Fixed manufacturing costs $90,000 per month Fixed Administrative expenses $30,000 per month At the end of the month Jean Peck’s Furniture has an ending inventory of finished goods of 800 units. The company also incurs a sales commission of $11 per unit. What is the cost of goods sold per unit when using absorption costing?
Liberty Box Company calculated an indirect-cost rate of $12….
Liberty Box Company calculated an indirect-cost rate of $12.50 per labor hour for fringe benefits for use in their normal costing system. At the end of the year, the actual cost of fringe benefits was $980,000. The total of labor hours worked for the year was the same amount as budgeted, 70,000 hours. If Job #640 required the use of 15 labor hours and the company used the adjusted allocation rate approach, by what amount would the cost of Job #640 change?
Swan Textiles Inc. produces and sells a decorative pillow fo…
Swan Textiles Inc. produces and sells a decorative pillow for $98.00 per unit. In the first month of operation, 2,300 units were produced and 1,800 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other information for the month includes: Variable manufacturing costs $23.00 per unit Variable marketing costs $6.00 per unit Fixed manufacturing costs $15 per unit Administrative expenses, all fixed $21.00 per unit Ending inventories: Direct materials -0- WIP -0- Finished goods 500 units What is the contribution margin using variable costing?
Freetown Corporation incurred fixed manufacturing costs of $…
Freetown Corporation incurred fixed manufacturing costs of $34,000 during 2017. Other information for 2017 includes: The budgeted denominator level is 2,000 units. Units produced total 1,800 units. Units sold total 1,300 units. Beginning inventory was zero. The company uses absorption costing and the fixed manufacturing cost rate is based on the budgeted denominator level. Manufacturing variances are closed to cost of goods sold. Operating income using absorption costing will be ________ than operating income if using variable costing. (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)
Use the following information for the next three questions….
Use the following information for the next three questions. Taylor Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2017: Budgeted manufacturing overhead costs $3,800,000 Budgeted machine-hours 200,000 Actual manufacturing overhead costs $3,660,000 Actual machine-hours 196,000 What is the budgeted manufacturing overhead rate?
Decide which of the properties of a commutative group (clos…
Decide which of the properties of a commutative group (closure, identity, inverse, associative, commutative) hold for the given system: