The cost object of the plant-wide overhead rate method is "The unit of product"
Explanation:
Unit cost is the total production cost divided by the number of units manufactured. A company usually produces similar products in lots with hundreds or thousands of units per batch.
An overall overhead rate for the entire plant is a single level used only to allocate or assign all overhead production costs for a company to its output of production. Products for easier operation, such as assembly, can be allocated overhead at a level of $20 per hour of direct work.
Answer:
Total variation= $363 favorable
Explanation:
Giving the following information:
Sheridan Company’s standard labor cost per unit of output is $33.00 (3.00 hours x $11.00 per hour). During August, the company incurs 2,970 hours of direct labor at an hourly cost of $12.10 per hour in making 1,100 units of finished product.
Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (3,300 - 2,970)*11= 3,630 favorable
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (11 - 12.1)*2,970= 3,267 unfavorable
Total variation= 363 favorable
Answer:
Explanation:
It should be understood that Kasapreko company limited is a Ghanian company that specialises in the production of herbal beverage products.
And the primary aim or goal of the company is to be able to have branches in every country of the world. But before this could be achieved, the company must be able to meet the demands of its country of production, and be able to attain or collect the necessary documents that will allow it to have branches outside the country it was founded. It must also be able to acquire the necessary licenses to operate in its desired countries.
Presently, the company has branches in countries like Nigeria and South Africa.
Answer:
The correct option is A, true
Explanation:
The predetermined overhead absorption rate is a forecast overhead rate usually computed by estimated total factory overhead by the planned usage or capacity of the unit of the activity.
This is more like planning ahead for the overhead to be incurred, hence the correct option is A , which truly supported that the statement made in the question
