Answer:
predetermined manufacturing overhead rate $1.23
Explanation:
We will distribute the expected overhead cost along a cost driver.
In this case we are asked to use direct labor cost:
estimated overhead 270,300
estimated labor 219,800
overhead rate = 270,300 / 219,800 = 1,229754 = 1.23
Answer:
$40
Explanation:
Overhead per machine hour = Overhead ÷ 250,000 machine hours
= $750,000 ÷ 250,000
= $3
Cost of each unit:
= Direct material + Direct labor + Overhead
= $14 + $20 + (machine hours per unit × Overhead per machine hour)
= $14 + $20 + (2 × $3)
= $40
Therefore, the cost of each unit produced is $40.
Answer:
option b is correct
Normal with a mean of $5.25 and a standard error of $0.28
Explanation:
Given data
mean = $5.25
standard deviation SD = $2.80
sample n = 100
to find out
sampling distribution
solution
we will find here first mean error that is
standard error = SD/ √n
put here value n and SD
standard error = 2.80 /√100
standard error = 0.28
and we know here that by central limit theorem that is state that sample distribution of sample mean is approximate normally distribute with Standard error and mean so
mean with normal is 5.25
Hence
option b is correct here
Normal with a mean of $5.25 and a standard error of $0.28
Answer:(a) The correct answer is (D) All of the above
b) : The correct answer is option (B). (c) : The correct answer is option (A). (d) : The correct answer is option (B) (e) : The correct answer is option (C)
Explanation:
Cost Estimating Relationship or “CER” means a mathematical expression of varying degrees of complexity expressing cost as a function of one or more variables.
The relationship may utilize cost-to-cost variables, such as quality assurance hours to manufacturing hours, cost-to-non-cost variables, such as engineering hours to the number of engineering drawings, or non-cost to non-cost, such as pounds of thrust to weight.
Variables can be referred to as, numerator and denominator, dependent and independent, or pool and base.
Answer: completed in the period
Explanation:
Job order costing system refers to the system when small batches of the products are ordered by the customers. It is useful in knowing the cost that's used in the manufacturing of each product.
It's usually used when different products are being produced and the cost for each individual job need to be calculated. Under a job-order costing system, the dollar amount transferred from Work in Process to the finished goods will be the sum of the costs that's charged to all jobs that are completed in the period.
