Dehner Corporation uses a job - order costing system with a single plantwide predetermine overhead rate based on direct labor - hours. The company based its predetermined overhea rate for the current year on the following estimates: Total estimated direct labor - hours 44,0 Total estimated fixed manufacturing overhead cost $ 224,400 Estimated Variable manufacturing overhead per direct labor - hour $ 5.00 Recently, Job P951 was completed w the following characteristics: Total direct labor - hours 100 Direct materials $ 750 Direct labo cost $4,400 The total job cost for Job P951 is Question 10 options: $6, 160 $1,760 $5, 150 $
Dehner Corporation uses a job - order costing system with a single plantwide predetermine overhead rate based on direct labor - hours. The company based its predetermined overhea rate for the current year on the following estimates: Total estimated direct labor - hours 44,0 Total estimated fixed manufacturing overhead cost $ 224,400 Estimated Variable manufacturing overhead per direct labor - hour $ 5.00 Recently, Job P951 was completed w the following characteristics: Total direct labor - hours 100 Direct materials $ 750 Direct labo cost $4,400 The total job cost for Job P951 is Question 10 options: $6, 160 $1,760 $5, 150 $
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 10E: Compute the total job cost for each of the following scenarios: a. If the direct labor cost method...
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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