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2 years ago

When a job order costing system is used, actual manufacturing overhead costs are debited to ________?

1 answer:

3 0

The term manufacturing overhead represents all factory-related costs that are incurred when a product is manufactured. When a job order costing system is used, actual manufacturing overhead costs are debited to the Manufacturing Overhead account. It includes both direct materials and direct labor.

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The value of a financial asset is the ________.

nadezda [96]

Answer: The correct answer is "B. present value of all of the future cash flows that will be received".

Explanation: The value of a financial asset is the present value of all of the future cash flows that will be received.

To value a financial asset, all future cash flows must be taken into account, therefore their value will be the sum of the present values of each of the future cash flows.

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2 years ago

Cicchetti Corporation uses customers served as its measure of activity. The following report compares the planning budget to the

Marina86 [1]

Answer and Explanation:

The Preparation of the company's revenue and spending variances for December is prepared below:-

The report with respect to the company revenue and spending variance is presented in the attachment below

The revenue refers to the sales of the company

And, the spending variance refers to the difference between the actual amount of expenses incurred and the budgeted amount of expenses incurred. The same is shown in the below attachment.

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3 years ago

Schwering Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocat

Vesnalui [34]

Answer:

Instructions are below.

Explanation:

1)

Order Filling, $136,040

Orders (Order Filling)

Product D7 3,040

Product U1 760

To calculate the predetermined overhead rate, we need to use the following formula:

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

Order Filling= 136,040/3,800

Order Filling= $35.8 per order

2)

Overhead costs:

Machining, $81,600

Order Filling, $161,500

Activity data appear below:

MHs (Machining) Orders (Order Filling)

Product D7 13,200 4,000

Product U1 26,800 1,000

First, we need to calculate the activity rate for each activity:

Machining= 81,600/40,000= $2.04 per machine hour

Order Filling= 161,500/5,000= $32.3 per order

Now, we can allocate overhead to product U1:

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

Product U1= 2.04*26,800 + 32.3*1,000= $86,972

3)

Wall Mirrors Specialty Windows

Total expected units produced 7,700 1,450

Expected direct labor-hours per unit 14 7

The total materials handling cost for the year is expected to be $17,153.10.

Total direct labor hours, and predetermined overhead rate:

Total direct labor hours= 14*7,700 + 7*1,450= 117,950

Material Handling activity rate= 17,153.1/117,950= $0.145 per direct labor hour

Now, we allocate overhead:

Wall Mirrors= 0.15*107,800= $16,170

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3 years ago

Kurt, who is a divisional manager, continually brags that his division’s required return for its projects is 1 percent lower tha

Viefleur [7K]

Answer:

D. Kurt’s division is less risky than the other divisions.

Explanation:

Based on the information provided within the question it can be said that the most likely reason is that Kurt’s division is less risky than the other divisions. Just as the saying goes "the greater the risk, the greater the reward", the same goes for the opposite, the lower the risk that a division has to undertake the lower the percent for the required return.

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3 years ago

A machine purchased 1 year ago for $85,000 costs more to operate than anticipated. When purchased, the machine was expected to b

goblinko [34]

Answer:

Value of S=$25000.

Explanation:

Value of P= $75000

Value of n= 5 years

Value of AOC= $36000+ $1500k (k=1 to 5)

Since the salvage value would be after 5 years=

S=($75000- $10000*5) = $75000- $50000= $25000.

Value of S=$25000.

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3 years ago

When a job order costing system is​ used, actual manufacturing overhead costs are debited to​ ________?

When a job order costing system is used, actual manufacturing overhead costs are debited to ________?