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Marizza181 [45]
3 years ago
10

Chelsea, Inc. uses the job costing method and uses direct labor hours as the allocation base. In 2016, the total estimated and a

ctual overhead costs for Job 3489 were $250,000 and $275,000, respectively. The total estimated and actual direct labor hours for Job 3489 were 25,000 and 28,000, respectively.Which of the following represents the MOH allocated to Job 3489?1. Predetermined MOH rate= total estimated manufacturing overhead costs/ total estimated amount of the allocation base2. $250,000/ 25,000 DLH= $103. MOH allocated to job= predetermined MOH rate * actual amount of allocation base used by the job4. $10 * 28,000 DLH= $280,000
Business
1 answer:
REY [17]3 years ago
6 0

Answer:

3. MOH allocated to job= predetermined MOH rate * actual amount of allocation base used by the job

Explanation:

3. MOH allocated to job= predetermined MOH rate * actual amount of allocation base used by the job

The predetermined overhead rate is used to apply manufacturing overhead costs to production jobs. the quantity of a cost driver required by a particular job is multiplied by a predetermined overhead rate to determine the amount of overhead cost applied to the job.

An estimate is made of

  1. the amount of manufacturing over head that will be incurred during a specific period of time and
  2. the amount of the cost driver ( or activity base) that will be used or incurred during the same time period. the predetermined overhead rate is computed as follows

Predetermined Overhead Rate= Budgeted Manufacturing Overhead Cost/ Budgeted amount of cost driver

The predetermined overhead rate is used to apply manufacturing overhead costs to production jobs. The quantity of the cost driver ( or activity base ) required by a particular job is multiplied by the predetermined overhead rate to determine the amount of overhead cost applied to the job.

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Marianna [84]

Answer:

Arbitrary allocation.

Explanation:

Arbitrary allocation is a method where costs budgeted are not based on any precise measurement,hence accurate costs could not be arrived at.

This approach to budgeting breeds inefficiencies as the accurate budgeting is expected to lead to accurate costing of products as well as pricing.

All in all,the true profitability of a business cannot be ascertained.

Finally,the organization adopting this type of approach needs to change to other accurate methods of budgeting such incremental or rolling budgeting.

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Novay_Z [31]

Answer:

B) the text.

Explanation:

A formal proposal is a written plan conveying an essential idea being put forward for consideration by potential investors or businesses.

A formal report is a concise document containing facts about an investigation and analysis of an issue or event for a specific purpose.

The difference between formal proposals and other formal reports lies mainly in the text.

8 0
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Question 3
Anna007 [38]
The answer is false....
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What is the gdp?
sattari [20]
C the geographical location of a business
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TRN sold $40,000, of goods and accepted the customer's $40,000 10%, 1-year note payable in exchange. Assuming 10% approximates t
drek231 [11]

Answer:

b. $2,000

Explanation:

The computation of the interest amount is shown below:

= Sale value of goods × rate of interest × (number of months ÷ total number of months in a year)

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