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mr_godi [17]
3 years ago
11

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 85,000 Total fixed manufacturing overhead cost $ 306,000 Variable manufacturing overhead per direct labor-hour $ 6.00 Recently, Job P951 was completed with the following characteristics: Number of units in the job 25 Total direct labor-hours 100 Direct materials $ 700 Direct labor cost $ 8,500 The total job cost for Job P951 is closest to:
Business
1 answer:
topjm [15]3 years ago
7 0

Answer:

Total job cost  $10,160

Explanation:

The computation of the total job cost is shown below:

Predetermined fixed overhead rate

= total fixed manufacturing overhead expense ÷ total direct labor hours

= $306,000 ÷ $85000

= $3.60 Per hour

Now  

<u>Particulars Cost </u>

direct materials $700

Direct labor cost $8500

Fixed manufacturing overhead cost (100 × 3.60) $360

Variable manufacturing overhead cost (100 × 6.00) $600

Total job cost  $10,160

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A summary of cash flows for Adventure Travel Service for the year ended April 30, 2019, follows:
zalisa [80]

Answer:

<u>Adventure Travel Service</u>

<u>Statement of cash flows for the year ended April 30, 2019</u>

<u>Cash flow from Operating Activities</u>

Cash receipts from customers                                 $2,080,000

Cash payments for operating expenses                 ($1,706,000)

Net Cash from Operating Activities                            $374,000

<u>Cash flow from Investing Activities</u>

Purchase of land                                                        ($400,000)

Net Cash from Investing Activities                            ($400,000)

<u>Cash flow from Financing Activities</u>

Cash receipt from owner as investment                      $60,000

Drawings                                                                       ($40,000)

Net Cash from Financing Activities                              $20,000

Movement in Cash and Cash Equivalents                   ($6,000)

Beginning Cash and Cash Equivalents                      $203,000

Ending Cash and Cash Equivalents                            $197,000

Explanation:

The Statement of Cash flows shows the results of cash from the following sources : Cashflow from Operating Activities, Cashflow from Investing Activities and Cashflow from Financing Activities.

4 0
2 years ago
A compromise can only be reached when ______.
Sergio [31]
The answer is A. When both sides agree. You both have to agree to the same thing or there is no comprimise its just two peoples opinions...

4 0
3 years ago
Read 2 more answers
Which is the final stage of the purchase decision process?.
Alisiya [41]

Answer: The final stage is Post-Purchase Behavior

Explanation:

8 0
2 years ago
The speaker has just made a key point. The global middle class will double in the coming years. However, this new middle class r
kakasveta [241]

Answer:

developing new competencies

Explanation:

In simple words, globalization promotes the innovation all around the world along with the promotion of its transfer from one economy to another. Due to this, the firms around the globe extend their businesses by setting their own limits. It helps the enhance their operational activities with new market and a new customer base to attract.

4 0
2 years ago
If inventory is being valued at cost and the price level is steadily rising, which of the three costing methods (FIFO, LIFO, wei
Nat2105 [25]

Answer:

LIFO                

Explanation:

It will be the one that give higher Cost of goods sold. We also know that:

Cost of goods sold = Opening Inventory + Inventory Purchases - Closing Inventory

So this means the lower the closing inventory the higher the cost of goods sold and in time of price increases it will be more appropriate to use LIFO method which will reduce the Closing Inventory and this will increase the cost of goods sold and thus decrease in profit. This reduced profit means that the tax expense will also be lower in value.

Similarly the second attractive option will be the Weighted Average and the least attractive option would be FIFO costing method.

5 0
3 years ago
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