Answer:
Cost of Quality Report
Quality Cost Quality Cost Percent of Total Percent of
Classification Quality Cost Total Sales
Prevention $23,400 10.0% 1.3%
Appraisal $46,800 20.0% 2.6%
Internal failure $70,200 30.0% 3.9%
External failure $93,600 40.0% 5.2%
Total $234,000 100.0% 13.0%
percent of total sale = quality cost/$1,800,000
Answer:
$114 unfavorable variance
Explanation:
Austin produced 510 chairs:
estimated machine hours actual machine hours
2,040 hours 2,100
estimated variable overhead actual variable overhead
$11,016 $11,130
the variable overhead efficiency variance is $11,016 - $11,130 = -$114
a negative number means that the variable variance is $114 unfavorable
Answer: <em>Revenue per day = $236.61</em>
Explanation:
Here, given:
Selling price for each song = $0.99
Revenue function: R(x) = 0.99x
where, "x" represent the no. of songs sold through their website.
Songs downloaded = 239 per day
Therefore , the daily revenue is given as;
<em>Revenue per day: 
</em>
<em>Revenue per day = $236.61</em>
Answer:
Which of the following statements is false?
a. Actual overhead costs always enter the Work-in-Process account.
Explanation:
a. Actual overhead costs always enter the Work-in-Process account.
A normal job-order costing system is a system that uses: Actual costs for direct materials and direct labor and estimated costs for overhead. Actual overhead costs are not assigned directly to jobs
b. The use of normal costing means that overhead is applied to each job using a predetermined rate.
The cost of a job includes direct materials, direct labor, and applied overhead. The use of normal costing means that overhead is applied to each job using a predetermined rate.
c. Indirect labor is assigned as a part of overhead.
Since direct materials and direct labor are usually considered to be the only costs that directly apply to a unit of production, manufacturing overhead is (by default) all of the indirect costs of a factory. Manufacturing overhead does not include any of the selling or administrative functions of a business
Answer:
<em>Ted's = 10/15 </em>
<em>= 2/3 = 0.67</em>
<em>Tom's = 6/8 </em>
<em>= 3/4 = 0.75</em>
Explanation:
The <em>opportunity cost </em>of washing a car in each case = No. of cars waxed by each / No. of cars washed by each
Hence, <em>Ted's opportunity cost of washing a car</em> = 10/15
= 2/3 = 0.67
And similarly, <em>Tom's opportunity cost of washing a car</em> = 6/8
= 3/4 = 0.75
<em>Thus, for washing 1 car Ted gives 0.67 portion of waxing of Car and Tom gives 0.75 portion of waxing of Car. </em>
