Cabinets Unlimited uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $55 per machine hour, while the Sanding Department uses a departmental overhead rate of $20 per direct labor hour. Job 542 used the following direct labor hours and machine hours in the two departments. Actual results Direct labor hours used Machine hours used Assembly Department OA. $2,600 OB. $2,640 O C. $1.955 O D. $1,920 9 12 Sanding Department 5 The cost for direct labor is $35 per direct labor hour and the cost of the direct materials used by Job 542 is $1,500. What was the total cost of Job 542 if Lucas Industries used the departmental overhead rates to allocate manufacturing overhead?

Cabinets Unlimited uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $55 per machine hour, while the Sanding Department uses a departmental overhead rate of $20 per direct labor hour. Job 542 used the following direct labor hours and machine hours in the two departments. Actual results Direct labor hours used Machine hours used Assembly Department OA. $2,600 OB. $2,640 O C. $1.955 O D. $1,920 9 12 Sanding Department 5 The cost for direct labor is $35 per direct labor hour and the cost of the direct materials used by Job 542 is $1,500. What was the total cost of Job 542 if Lucas Industries used the departmental overhead rates to allocate manufacturing overhead?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Quite often, people may face situations that put them in an ethical conflict. The best way to cope with this is ________. Question 22 options: A) to develop a personal code of ethical conduct about what is right and wrong B) to use the "golden rule" C) to do what makes the largest number of people happy in the situation D) to do nothing and ignore the situation E) to act the same way you have seen others act in similar situations
The engagement quality control reviewer (choose he INCORRECT one) Does not otherwise participate in the engagement during the period of review May be selected by the engagement partner Does not make decisions for the engagement team Is not subject to other considerations that would threaten the reviewer's objectivity
The answer is just without explanation What is the option is correct A or B or C or D ???
Match each of the components of faithful representation with its definition.Faithful Representation Definition1 . Freedom from error a. All information necessary to describe an item is reported. 2. Neutrality b. Information that does not bias the decision maker. 3. Completeness c. Reported amounts reflect the best available information.
Regarding materiality, both amount and nature of misstatements should be considered. One of the inherent limitations of internal control is the lack of segregation of duties. Group of answer choices False, False True, True True, False False, True
A departure from GAAP could lead to a disclaimer of opinion. * O True False
Professional skepticism is a. The application of relevant training, knowledge and experience b. Adherence to the professional code of ethics c. An attitude that includes a questioning mind d. Necessary for a quality control system Clear my choice
what exactly is a cookie jar reserve? Does using a cookie jar reserve follow GAAP? Does using a cookie jar reserve appear to be an ethical practice? Support your opinion. Your post should be more than a single sentence.
14. When performing an attestation examination engagement, the standards do not require which of the following? Group of answer choices Assertion. Practitioner independence. Subject matter. Suitable criteria.
It says they answers are wrong from your example.
What is the term given for information that should NOT be taken from one source as the collectors of the information may have collected this for a specific purpose? a. Accuracy b. REliability c. Completeness d. Bias
Select the best answer for each of the follwing items and give reasons for your choice. a. Which of the following best describes the relationship between assurance services and attest services? (1) While attest services involved financial data, assurance services involve nonfinancial data (2) While attest services require objectivity, assurance services do not require objectivity (3) All attest services require independence. (4) Attest and assurance services are different terms referring to the same types of services