Apple Valley Corporation uses a job cost system and has two production departments, A and B. Budgeted manufacturing costs for the year are:
Department A Department B
Direct materials $800,000 $120,000
Direct manufacturing labor $200,000 $200,000
Manufacturing overhead $400,000 $500,000
The actual material and labor costs charged to Job #432 were as follows:
Total
Direct materials: $21,000
Direct labor:
Department A $11,000
Department B $7,000
$18,000
Apple Valley applies manufacturing overhead costs to jobs on the basis of direct manufacturing labor cost using departmental rates determined at the beginning of the year.
For Department A, the manufacturing overhead allocation rate is:
For Department B, the manufacturing overhead allocation rate is:
Manufacturing overhead costs allocated to Job #432 total:
Answers: 2
Business, 22.06.2019 05:00, leonidas117
Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.
Answers: 3
Business, 22.06.2019 20:50, ineedhelpireallydo
Power plants that rely on coal increase the amount of sulfur dioxide that dissolves into the air, eventually increasing the acidity of precipitation. the higher acidity of rain and snow can damage forests by making it more difficult for plants to absorb minerals from the soil. the equations below provide information about the market demand and supply of electricity. there is a constant marginal external cost of $25 per unit of electricity. d: qd= 200 – 2ps: qs=p – 10what quantity of electricity satisfies allocative efficiency in this market? a. 60b. 70c. 50d. 43.3
Answers: 2
Business, 23.06.2019 17:00, adwinajames
4. why do you think it is important to follow the markkula centers steps to making good decisions?
Answers: 2
Apple Valley Corporation uses a job cost system and has two production departments, A and B. Budget...
Mathematics, 23.01.2020 08:31
Mathematics, 23.01.2020 08:31
Chemistry, 23.01.2020 08:31
Mathematics, 23.01.2020 08:31
History, 23.01.2020 08:31