Answer:
budgeted direct-labor rate= $700 per direct labor hour
Explanation:
Giving the following information:
Budgeted total direct-labor costs $14,000,000
Budgeted total direct-labor hours 200,000
To determine the direct-labor cost rate, we need to use the following formula:
budgeted direct-labor rate= total amount of direct labor cost/ total amount of direct labor hours
budgeted direct-labor rate= 14,000,000/200,000= $700 per direct labor hour
What is this supposed to refer to ?
Answer:
The correct answer is option d.
Explanation:
The total product cost method of applying the cost-plus approach to product pricing includes total selling and administrative expenses plus desired profit in the markup.
The reason behind this is that while total manufacturing costs are included in the product cost, the total selling and administrative cost is not included. So the total selling and administrative expenses plus desired profit are included in the markup.
Answer:
variance 0.163849748
Explanation:
The mean average return will be 0.1088
( (0.165 - 0.1088)² + (-0.116-0.1088)² ) / 2 =
( 0,00315844 + 0,05053504 ) / 2 = 0,02684674
Now, we calcualate the root:
²√0,02684674 = 0.163849748
Answer:
$8,723
Explanation:
Calculation for total cost for the job on its job cost sheet
Direct materials 2,063
Direct labor (33 hours × $18 per hour) 594
Manufacturing overhead (234 hours × $24 per hour) 5,616
Total manufacturing cost for job 8,273