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USPshnik [31]
3 years ago
11

Variable and Absorption Costing-Service Company Jensen's Tailoring provides custom tailoring services. After the company's first

year of operations, its owner prepared the following summarized data report for 2016
Sales (500 completed jobs)$150,000
Tailoring costs (550 jobs)
Direct labor70,500
Manufacturing overhead
Variable18,000
Fixed13,500
Operating expenses
Variable8,400
Fixed8,700

Required:
Prepare an income statement based on full absorption costing
Business
1 answer:
loris [4]3 years ago
5 0

Answer:

124

Explanation:

Yes

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Penn Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. At the begi
Lemur [1.5K]

Answer:

C) underapplied overhead of $5,000

Explanation:

If the Actual Overheads > Applied Overheads, we say overheads are under-applied.

and

If the Applied Overheads < Actual Overheads, we say overheads are over-applied.

where,

Applied Manufacturing Overheads = Predetermined Overhead Rate × Actual Hour

and

Predetermined Overhead Rate = Estimated Overhead ÷ Estimated Total Hours

                                                    = $100,000 ÷ 10,000

                                                    = $10.00 per direct labor hour

Thus,

Applied Manufacturing Overheads = $10.00 x 10,500 direct labor hours

                                                          = $105,000

therefore,

Actual Manufacturing Overheads = $110,000

Applied Manufacturing Overheads = $105,000

Overheads under-applied = $5,000 ( $110,000 - $105,000)

3 0
3 years ago
All along the way Jefferson chafed at the jump in prices brought about by "harpies who prey upon travelers" returning to Philade
Margaret [11]

Answer:

the yellow fever outbreak

Explanation:

when yellow fever hit everyone wanted to leave to not get sick so people upped prices because of the shift in the desire to leave making it more valuable so people would spend more then usual because of the worth they get out of it

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3 years ago
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Which sentence is true about including captions in visual aids?
Aleks [24]

Answer:

they provide additional information about the visual

6 0
3 years ago
Aesthetic anime please
Papessa [141]

Answer:

Cool!

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3 years ago
An activity-based costing system is developed in four steps: a. Compute the predetermined overhead allocation rate for each acti
Andru [333]
<h3>Hello there!</h3>

Your question asks what order does a activity-based costing system work by.

<h3>Answer: b, c, a, d</h3>

The order:

1. b). Identify activities and estimate their total indirect costs.

2. c). Identify the allocation base for each activity and estimate the total quantity of each allocation base.

3. a). Compute the predetermined overhead allocation rate for each activity.

4. d). Allocate indirect costs to the cost object.

The reason why the answer choice "b, c, a, d" is the correct answer because that's the correct order for the activity-based costing system.

The activity-based costing system first identifies the activities that are going on and find the indirect cost, then identifies the allocation base for the activities that are occurring to find the quantity of the allocation base, then solve the pre-determined rate of allocation for each activity, and finally get the indirect cost for the object.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
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