Homework Answers
Ans -d - Assigning cost of contract A to contract B to avoid Unpreferable performance report on contract A.
Reasons for others to be wrong-
direct labours rate and usage of material may vary for diff contracts as per their specifications.
Overheads may also be absorbed on diff basis. No issue here.
True.
Mission statement is basic purpose for which activities are described.
Add Answer to:
12) Which of the following can be considered to be unethical behavior? (4pts) Assigning direct labor...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.10 Indirec...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.10 Indirect materials 0.70 Utilities 0.40 Fixed overhead costs per month are Supervision $4100, Depreciation $2000, and Property Taxes $500. The company believes it will normally operate in a range of 7100-12800 direct labor hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...
A) Prepare a flexible budget performance report, assuming that the company worked 11,000 direct labor hours...
A) Prepare a flexible budget performance report, assuming that
the company worked 11,000 direct labor hours during the month.
(List variable costs before fixed
costs.)
B) Prepare a flexible budget performance report, assuming that
the company worked 10,300 direct labor hours during the month.
(List variable costs before fixed
costs.
Sunland Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.00 Indirect materials...
materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base...
materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2016, Anderson budgets 2017 assembly-support costs to be $8,300,000 and 2017 direct labor-hours to be 166.000. At the end of 2017, Anderson is comparing the costs of several jobs that were started and completed in 2017 (Click the icon to view the data) Read the requirements Requirement 1. Compute the (a) budgeted indirect.cost rate and (b) actual indirect.cost...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.30 0.70 0.40 Fixed overhead costs per month are Supervision $4,500, Depreciation $1,000, and Property Taxes $700. The company believes it will normally operate in a range of 6,300-11,100 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.10 Indirect materials 0.80 Utilities 0.40 Fixed overhead costs per month are Supervision $4,000, Depreciation $1,300, and Property Taxes $800. The company believes it will normally operate in a range of 7,600–10,600 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.00 Indirect materials 0.70 Utilities 0.40 Fixed overhead costs per month are Supervision $4,200, Depreciation $1,800, and Property Taxes $600. The company believes it will normally operate in a range of 7,000–13,000 direct labor hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities 1.10 0.90 0.40 Fixed overhead costs per month are Supervision $ 4,200, Depreciation $ 1,900, and Property Taxes $ 900. The company believes it will normally operate in a range of 7,000 12,100 direct labor hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.20 0.80 0.40 Fixed overhead costs per month are Supervision $3,500, Depreciation $1,300, and Property Taxes $700. The company believes it will normally operate in a range of 5.500-8.500 direct labor hours per month Assume that in July 2020. Myers Company incurs the following manufacturing overhead costs. Fixed Costs Variable...
Exercise 25-04 a-b Sheffield Company uses a flexible budget for manufacturing overhead based on direct labor...
Exercise 25-04 a-b Sheffield Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.30 Indirect materials 0.80 Utilities 0.30 Fixed overhead costs per month are Supervision $4,300, Depreciation $2,000, and Property Taxes $600. The company believes it will normally operate in a range of 6,100–10,000 direct labor hours per month. Assume that in July 2020, Sheffield Company incurs the following manufacturing overhead costs....
12) Simmons Company has the following information available for variable overhead costs. Direct labor hours are...
12) Simmons Company has the following information available for variable overhead costs. Direct labor hours are the cost driver for variable overhead costs. Actual variable overhead costs Standard variable overhead costs Actual direct labor hours Standard direct labor hours per unit Units produced $4,700 $1.20 per hour 3,750 hours 5 hours 700 What is the variable overhead spending variance? A) $200 Favorable C) $500 Favorable B) $500 Unfavorable D) $200 Unfavorable
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.10 Indirect materials 0.70 Utilities 0.40 Fixed overhead costs per month are Supervision $4100, Depreciation $2000, and Property Taxes $500. The company believes it will normally operate in a range of 7100-12800 direct labor hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...
A) Prepare a flexible budget performance report, assuming that
the company worked 11,000 direct labor hours during the month.
(List variable costs before fixed
costs.)
B) Prepare a flexible budget performance report, assuming that
the company worked 10,300 direct labor hours during the month.
(List variable costs before fixed
costs.
Sunland Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.00 Indirect materials...
materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2016, Anderson budgets 2017 assembly-support costs to be $8,300,000 and 2017 direct labor-hours to be 166.000. At the end of 2017, Anderson is comparing the costs of several jobs that were started and completed in 2017 (Click the icon to view the data) Read the requirements Requirement 1. Compute the (a) budgeted indirect.cost rate and (b) actual indirect.cost...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.30 0.70 0.40 Fixed overhead costs per month are Supervision $4,500, Depreciation $1,000, and Property Taxes $700. The company believes it will normally operate in a range of 6,300-11,100 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities 1.10 0.90 0.40 Fixed overhead costs per month are Supervision $ 4,200, Depreciation $ 1,900, and Property Taxes $ 900. The company believes it will normally operate in a range of 7,000 12,100 direct labor hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.20 0.80 0.40 Fixed overhead costs per month are Supervision $3,500, Depreciation $1,300, and Property Taxes $700. The company believes it will normally operate in a range of 5.500-8.500 direct labor hours per month Assume that in July 2020. Myers Company incurs the following manufacturing overhead costs. Fixed Costs Variable...
12) Simmons Company has the following information available for variable overhead costs. Direct labor hours are the cost driver for variable overhead costs. Actual variable overhead costs Standard variable overhead costs Actual direct labor hours Standard direct labor hours per unit Units produced $4,700 $1.20 per hour 3,750 hours 5 hours 700 What is the variable overhead spending variance? A) $200 Favorable C) $500 Favorable B) $500 Unfavorable D) $200 Unfavorable
Most questions answered within 3 hours.
-
At the beginning of the year, Palermo Brothers, Inc., purchased
a new plastic water bottle making...
asked 20 minutes ago -
Calculate the change in the Gibbs energy of the system for the
following processes: a) 6.0...
asked 10 minutes ago -
1.
A hemophiliac male mates with a healthy female. what are the
possible genotypes for the...
asked 6 minutes ago -
After reading the Primary Care scenario in the Allied Health
Community, what could have been implemented...
asked 15 minutes ago -
A solution is prepared by dissolving 11.60 g of a mixture of
sodium carbonate and sodium...
asked 19 minutes ago -
1. Mini Case Study: Suppose that, in the future, most jobs will
be bid upon by...
asked 22 minutes ago -
Plantinga argues for the view that there is no solution to the
problem of moral evil....
asked 17 minutes ago -
For this Discussion, you examine a case study of
hearing-impaired children who developed their own language...
asked 22 minutes ago -
You could argue that even though Rockefeller clearly had
enormous market power (90% of the market)...
asked 21 minutes ago -
The moment of inertia of a disk rotating about its axis of
symmetry is Icm=1/2MR^2
The...
asked 29 minutes ago -
When using a relational database what makes data
formatting so important and critical to the functions...
asked 40 minutes ago -
The following temperatures show the (fictional) daily low
measured at O'Hare airport every January 1st from...
asked 1 hour ago