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12345 [234]
3 years ago
9

Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou

rs. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 94,000 Total fixed manufacturing overhead cost $ 404,200 Variable manufacturing overhead per direct labor-hour $ 4.00 Recently, Job P951 was completed with the following characteristics: Number of units in the job 50 Total direct labor-hours 100 Direct materials $ 660 Direct labor cost $ 9,400 The total job cost for Job P951 is closest to: (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
Zina [86]3 years ago
7 0

Answer:

Total cost= $10,890

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (404,200/94,000) + 4

Predetermined manufacturing overhead rate= $8.3 per direct labor hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8.3*100= $830

<u>Finally, the total cost of Job P951:</u>

Total cost= 660 + 9,400 + 830

Total cost= $10,890

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The actual cost of direct materials is $10.50 per pound. The standard cost per pound is $11.75. 42) During the current period 10
emmainna [20.7K]

Answer:

Direct materials efficiency variance =  1175 unfavorable

so correct option is C) $1,175 unfavorable

Explanation:

given data

actual cost = $10.50 per pound

standard cost per pound =  $11.75

current period  = 10,000 pounds

purchased = 11,500 pounds

actual units produced = 9,900 pounds

to find out

direct materials efficiency variance

solution

we get here Direct materials efficiency variance that is express as

Direct materials efficiency variance = Standard rate × ( Standard quantity - Actual quantity )     ..................1

put here value in equation 1 and  we get

Direct materials efficiency variance =  11.75 × ( 10000 - 9900 )

Direct materials efficiency variance = 11.75 × 100

Direct materials efficiency variance =  1175 unfavorable

so correct option is C) $1,175 unfavorable

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3 years ago
It is not possible for abandonment options to decrease a project's risk as measured by the project's coefficient of variation.
Tatiana [17]

This is false abandonment options should decrease a project's risk.

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2 years ago
The managerial accountant at Safety, Inc. prepared a Flexible Budget Performance Report. The managerial accountant noticed a $5,
alexandr1967 [171]

Answer:

The managerial accountant found out that the cost of the units previously sold was higher than the selling price per unit.

If the variance is unfavorable, it means that the total budgeted costs were larger than the total budgeted revenue. In this case the variance was $5,600 unfavorable. We are not told how many units were sold but it is obviously a mistake to sell products at a lower price than COGS. So the previous flexible budget was not properly prepared.

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Answer:

Inventory turnover = 9.45

Explanation:

Inventory turnover is defined as the ratio between Cost of good sold and average inventory.

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What is a sole trader?<br>​
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