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miv72 [106K]
2 years ago
5

When determining the cost of a manufactured good under an operation-costing system, a company would: often switch to a job-costi

ng system to simplify recordkeeping procedures. trace direct-material cost and actual conversion cost to each product produced. use a predetermined application rate for both direct-material cost and conversion cost. trace direct-material cost to each product produced and use a predetermined application rate for conversion cost. trace actual conversion cost to each product produced and use a predetermined application rate for direct material.
Business
1 answer:
Mama L [17]2 years ago
3 0

Answer:

The correct answer is letter "D": trace direct-material cost to each product produced and use a predetermined application rate for conversion cost.

Explanation:

The Operation-costing system combines <em>Process Costing </em>with <em>Job costing</em>. Process costing is mostly used for mass-production undifferentiated goods so each product will be given the same cost. Job Costing, instead, is typically used for manufacturers of tailored products, thus, each product has different <em>material, direct labor, </em>and <em>overhead costs</em>.

So, <em>to determine the costs of manufactured goods under the operation-costing system, direct material should be allocated separately and the use of an application will be necessary to determine the conversion cost -the combination of direct labor and overhead.</em>

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Zimmer, Inc. started the month of January with beginning finished goods inventory of $20,000. The cost of goods manufactured dur
Vlad1618 [11]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Beginning finished goods inventory of $20,000

The cost of goods manufactured during the month was $120,000

Ending finished goods inventory was $50,000

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 20,000 + 120,000 - 50,000= $90,000

8 0
3 years ago
His decision on what price to charge and how much to produce in the long run will be A. based on optimal plant size determinatio
Klio2033 [76]

Answer: A. based on optimal plant size determination based on cost minimization

Explanation:

The information given isn't complete as there are some diagrams attached which I saw online.

Based on the information gotten, the decision on the price to charge and the quantity to produce in the long run will be based on optimal plant size determination based on cost minimization.

It should be noted that the quantity of goods produced in the long run, and the price that'll be charged will depends on optimal size of the plant. In the long, there can be an alteration of the plant size and therefore, the output and price will be determined by the optimal plant size.

8 0
2 years ago
The difference between the actual allocation base​ (actual quantity) and the amount of the allocation base that should have been
topjm [15]

Answer:

B. variable overhead efficiency variance

Explanation:

Answer option A, C, and D are incorrect. In variable overhead cost variance, we determine the difference between the actual and budgeted cost. In fixed overhead cost variance, we do not use allocation base cost. Again, in fixed overhead volume variance, we cannot use allocation base cost.

'B' is correct because the difference between the actual allocation base quantity and budgeted allocation base quantity multiplying with the standard rate states the variable overhead efficiency variance. The activity level is required to determine efficiency variance.

6 0
3 years ago
You are an experienced manager, and you fortunately have the ability to use all four managerial styles: directing, coaching, sup
nikitadnepr [17]

Answer:

B) You should sit down with the programmers and give them information about how to deal with bugs as they occur.

Explanation:

Options:

A. You should focus on reassuring the programmers: give them pep talks and tell them you know that they have the skills to accomplish the job.

B. You should sit down with the programmers and give them information about how to deal with bugs as they occur. But make sure that you set aside time for extensive praise and support.

C. You should tell your programmers that the project is theirs—they can do what they want with it as long as they have something to show you in two months.

D. You should continue the focus on teaching your employees how to program, especially showing them new ways of increasing efficiency. The bugs will take care of themselves.

B) is correct answer

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4 0
2 years ago
Edwards Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total
lisov135 [29]

Answer:

Predetermined overhead rate = $9

January = $12,000 over applied  

December - $2,000 under applied  

Explanation:

For computing the ended overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine labor-hours)

= $1,800,000 ÷ 200,000 hours

= $9

Now we have to find the actual overhead for the January month which equal to

= Actual machine labor-hours × predetermined overhead rate

= 22,00 hours × $9

= $198,000

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $186,000 - $198,000

= $12,000 over applied  

And, the actual manufacturing overhead for the December month which equal to

= $186,000 + $1,940,000

= $2,126,000

Actual overhead = (22,000 + 214,000) × 9 = $2,124,000

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $2,126,000 - $2,124,000

= $2,000 under applied  

8 0
3 years ago
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