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Direct cost associated with the job are material that can be traced to the job in an economically feasible way
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QUESTION 10 For a given job the direct costs associated with the job are actual overhead...
As for a given job the direct costs associated with the job are O A. fixed...
As for a given job the direct costs associated with the job are O A. fixed costs O B. actual overhead O C. raw materials D. sunk costs lick to select your answer. 11:5ypm
Labels Actual factory overhead Depreciation of equipment Direct labor used Direct materials used Factory overhead applied...
Labels
Actual factory overhead
Depreciation of equipment
Direct labor used
Direct materials used
Factory overhead applied
Factory rent
Factory utilities
Indirect labor
Indirect materials
Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $27,000; factory rent, $39,000; factory utilities, $24,000; and factory...
4.an increase in direct labor costs per unit a. Increases the fixed costs b. increases profits...
4.an increase in direct labor costs per unit a. Increases the fixed costs b. increases profits C. Increases variable costs d. Increases overhead costs 5.which of the following is true of the work in process control account? a. It tracks all direct material purchases b. Its balance is the sum of amounts from all "in process individual job costs records C. It is an expense account d. It tracks overhead costs in process from beginning through completion 6. The cost...
Direct Materials, Direct Labor, and Reports budgeted and actual costs for variable and fixed factory overhead...
Direct Materials, Direct Labor, and Reports budgeted and actual costs for variable and fixed factory overhead along with the related controllable and volume variances.Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. A detailed estimate of what a product should cost.Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 70,000 units of product were as follows: Standard Costs Actual Costs Direct materials 189,000 lbs. at $6.00 187,100...
Why aren’t actual manufacturing overhead costs traced to jobs just as direct materials and direct labor...
Why aren’t actual manufacturing overhead costs traced to jobs just as direct materials and direct labor costs are? Accountants are generally rather exact ( after all, all debris have to equal credits) but there is a lot of estimating involved in overhead application. Should this overhead application process be reconsidered? Should be around 200-250 words.
1. A normal job-order costing system is a system that uses: a. actual costs for direct...
1. A normal job-order costing system is a system that uses: a. actual costs for direct materials and estimated costs for direct labor and overhead. b. actual costs for direct materials and direct labor and estimated costs for overhead. c. actual costs for direct materials and overhead, estimated costs for direct labor. d. estimated costs for direct materials, direct labor, and overhead. . 2. Mitchell's Softball Gloves Company estimated the following at the beginning of the year: Assembly Department Testing...
QUESTION 8 When costs can be traced to a particular cost object in an economically feasible...
QUESTION 8 When costs can be traced to a particular cost object in an economically feasible way, the cost is a: direct cost indirect cost allocated cost budgeted cost
Saved TB MC Qu. 04-80 Overhead costs: Overhead costs: Multiple Choice Ο Are directly related to...
Saved TB MC Qu. 04-80 Overhead costs: Overhead costs: Multiple Choice Ο Are directly related to production. Ο Can be traced to units of product in the same way that direct materials can Ο Cannot be traced to units of product in the same way that direct labor can. Ο Are period costs. Ο Include only fixed costs. Next
m anfatur veral different products. Unit costs associated with 19) The American West Com ORD210 are...
m anfatur veral different products. Unit costs associated with 19) The American West Com ORD210 are as follows Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions (2% of sales) Administrative salaries Total $200 What are the inventoriable costs per unit associated with Product ORD210? A) $124 B) $114 C) 5144 Explanation: A) D) 5134 C) $90. $24.520 510 5144 20) Pederson Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory S187000 17.000...
10 Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job...
10 Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6.700 for direct materials. $8,100 for direct labor, and $5.994 for overhead on its job cost sheet Job W, which is still in process at year-end, shows charges of $3,200 for direct materials and $5.800 for direct labor. Required: 1a. Should any overhead cost be applied to Job Wat year-end? Yes...
As for a given job the direct costs associated with the job are O A. fixed costs O B. actual overhead O C. raw materials D. sunk costs lick to select your answer. 11:5ypm
Labels
Actual factory overhead
Depreciation of equipment
Direct labor used
Direct materials used
Factory overhead applied
Factory rent
Factory utilities
Indirect labor
Indirect materials
Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $27,000; factory rent, $39,000; factory utilities, $24,000; and factory...
4.an increase in direct labor costs per unit a. Increases the fixed costs b. increases profits C. Increases variable costs d. Increases overhead costs 5.which of the following is true of the work in process control account? a. It tracks all direct material purchases b. Its balance is the sum of amounts from all "in process individual job costs records C. It is an expense account d. It tracks overhead costs in process from beginning through completion 6. The cost...
QUESTION 8 When costs can be traced to a particular cost object in an economically feasible way, the cost is a: direct cost indirect cost allocated cost budgeted cost
Saved TB MC Qu. 04-80 Overhead costs: Overhead costs: Multiple Choice Ο Are directly related to production. Ο Can be traced to units of product in the same way that direct materials can Ο Cannot be traced to units of product in the same way that direct labor can. Ο Are period costs. Ο Include only fixed costs. Next
m anfatur veral different products. Unit costs associated with 19) The American West Com ORD210 are as follows Direct materials Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions (2% of sales) Administrative salaries Total $200 What are the inventoriable costs per unit associated with Product ORD210? A) $124 B) $114 C) 5144 Explanation: A) D) 5134 C) $90. $24.520 510 5144 20) Pederson Company reported the following: Manufacturing costs Units manufactured Units sold Beginning inventory S187000 17.000...
10 Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6.700 for direct materials. $8,100 for direct labor, and $5.994 for overhead on its job cost sheet Job W, which is still in process at year-end, shows charges of $3,200 for direct materials and $5.800 for direct labor. Required: 1a. Should any overhead cost be applied to Job Wat year-end? Yes...
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