Answer:
B. $108,000
Explanation:
The computation of the overhead applied is as follows:
= Total actual direct labors cost × overhead rate
= $180,000 × 0.60
= $108,000
Hence, the overhead was applied during August by Ranson Productions is $108,000
We simply applied the above formula
Answer:
$25 favorable
Explanation:
std rate $ 3.40
actual rate $ 3.30 (825 total cost / 250 labor hours)
actual hours 250
difference $0.10
250 x 0.1 = rate variance
rate variance $25.00
The diference between the actual cost per hour of the employee and the standard we considered is positive, it cost less to have the employee working on the product. the variance is favorable.
The answer to this question would be ; true
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
An expanded income statement is generally divided by the different categories of revenue. The most common categories are <u>sales expenses and general and admin expenses.</u>
The selling, general, and administrative expense, or SG&A, refers to all corporate operational costs that are not accounted for in the cost of products sold. Since they raise a company's break-even point, management should exercise strict control over these expenses.
Prime costs are a company's outlay for the components used in production. The direct costs of labor and raw materials used in the production of a good are determined by the sales expenses and general and admin expenses. The direct costs of labor and raw materials used in the production of a good are determined by the prime cost.
To know more about selling, general, and administrative expense, click here:-
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