Direct labor hours (professional). . . . . 10,000 hours Direct labor costs (professional). . . . . $1,300,000 Support staff salaries. . . . . . . . . . . . . . . $160,000 Computer lease payments. . . . . . . . . . . $48,000 Office supplies. . . . . . . . . . . . . . . . . . . . . $28,000 Office rent. . . . . . . . . . . . . . . . . . . . . . . . . $63,000   Dining Coop SunTime.com Direct labor hours. . . . . 740 hours 70 hours Licensing costs. . . . . . . $2,700 $200 Travel costs. . . . . . . . . . $5,000 $0 Requirement 2. Compute the total cost of each of the two jobs listed.   First enter in the direct costs for each​ job, then enter in the indirect costs and total cost for the jobs. ​(Complete all input fields. For accounts with no​ balance, make sure to enter​ "0" in the appropriate cell. Enter percentage amounts as a whole number. Round your answers to the nearest whole​ dollar.)

Q: The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that…

A: Ans. Prime cost refers to the direct material and direct labour cost incurred in the manufacturing…

Q: 2. A company had an under recovery of overheads of $200,000 with a budgeted overhead of $1,000,000.…

A: The objective of the question is to calculate the actual overhead cost of a company given the under…

Q: $2,142,000 183,600 734,400 Materials Labor. Manufacturing overhead The Green plant produced…

A: Formula: Total Product cost = Materials + labor + Manufacturing overhead

Q: per Month Liter Revenue $ 21.00 June $ 133,540 Raw materials $ 5.55 $ 37,130 Wages $ 6,500 $ 2.30 $…

A: Revenue variance measures the difference between actual and budgeted income, while spending variance…

Q: 1. Calculate the amount and cost of unused engineering support capacity at the beginning of 2020,…

A: It is the costing system in which cost is assigned to specific jobs and products. This systems helps…

Q: XYZ Corporation is manufacturing customized cabinets.   The following data pertain to Job 101 for…

A: Total manufacturing costs incurred is the total costs of manufacturing the prodicts.

Q: Cost of production report: A company’s Department 2 costs for June were; Cost from Department…

A: The equivalent units represents the number of units that are finished during the period on the basis…

Q: Robeson Company estimates it will produce and sell 3,000 units next month. Data on costs follows:…

A: Direct materials Price variance = (SP - AP)*AQ = ($9 - $9.25)*1500  = $375 U

Q: -Assume that you are working as an Accounting manager in Nizwa SAOG. One of your senior manager…

A: Contribution per unit=Fixed costBreak even=OMR 5,000OMR 15,000=OMR 0.33

Q: Q.2. From the following particulars ascertain thế lábour cost per day of 8 hours: 1. Basic.pay…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: The following cost of data to the manufacturing activities of Black Company during the just…

A: COGM is the cost of the inventory that has been manufactured during a period.

Q: Company XYZ made total sales revenue of $400,00 costs were $20,000. The variable selling and admir…

A: Ans. To get contribution margin, variable costs are deducted from sales amount. The variable selling…

Q: The following information related to Q for the year ended 28 February 20X3: $ Prime cost 122,000…

A: We have the following information: Prime cost: $122,000 Factory overheads: $185,000 Opening work in…

Q: Which of the following is part of the payments system of the economy? A. currency B. demand deposits…

A: A payment system is any mechanism that settles banking transactions by transferring monetary value.…

Q: Q5. Dabney Corporation has provided the following production and total cost data for two levels of…

A: Variable cost is the cost which changes with change in activity level , such as material cost,…

Q: Direct labor = $ 15,500, Gm salary = $4,300, Am&chef = $3500, Tax &Benefits = $6,900. Net sales…

A: Answer:-  Labor percentage:- The labor percentage measures the amount spent on labor expenditures as…

Q: Goggles Company has the following information for the year 2019: Total manufacturing costs…

A: Hi student Since there are multiple subparts, we will answer only first three subparts. Prime cost…

Q: Copper Mountain Company has accumulated the following data over a six-month period:…

A: In the given case, the given data needs to be plotted on the graph.

Q: The following information is available for Ethtridge Manufacturing Company for the month ending July…

A: Cost Of Goods Manufactured - It Is The Total Cost Of Completed Finished Goods Transferred From Work…

Q: Finished Goods Materials Beg. 120,000 960,000 Work in Process 160,000 3,760,000 720,000 1,200,000…

A: The cost of goods manufactured includes the costs incurred to get the goods completed during the…

Q: Oil for manufacturing equipment . Wood for frames. Company president's salary. 2$ 35 $50,000 $28,500…

A:

Q: Based on the following information, complete the problems listed below on the Airwolf Helicopters…

A: Break even level in units With fixed cost, price per unit and variable cost per unit, the break even…

Q: How much is the total product costs for the year?

A: Given : Direct material used $           755,000.00 Wages $           180,000.00…

Q: Supply costs at Lattea Corporation's chain of gyms are listed below: Supply Cost $28,561 $28,395…

A: VARIABLE COST Variable Cost is a cost that varies with the level of output.variable costs include…

Q: Work in process, beginning.............Php 40,000 Costs added to production.........Php280,000 Costs…

A: The transfer in costs are accumulated costs that belong to beginning work in process.

Q: Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two…

A: Job costing: It is a method of costing where in all the costs like direct material, direct labor and…

Q: Q= New Shalimar Steel’s management has made the following estimates at the start of the year.…

A: Since there are multi sub-parts, we will solve first three for you. To get the remaining sub-parts…

Q: If works cost is Rs. 40,00,000 and office overheads are 20% of cost of production then what is cost…

A: Office overheads = [works cost / (1 - office overheads)] x 20% = [4000000/(1-0.20)] * 20% = Rs.…

Q: trail balance not include O revenue. cost of goods sold. O Ending inventory. O fright-in account.

A: Trail balance consists of general ledger balances.Summation of all debits should equal to summation…

Q: A2

A: Step 1:Net income can be calculated by subtracting the cost of goods sold and administrative and…

Q: 10. Brantley Department Store distributes its overhead according to each department's ratio of total…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: For the Year Ended December 31 Actual number of productions.. 7 Actual number of performances. 168…

A: Certainly! Let's break down the calculations into simplified steps to understand how the flexible…

Q: 5. (a) Explain the meaning of net working capital. (b) A proforma cost sheet of a company provides…

A: Comment- We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Estimated manufacturing overhead.....$224,550 Estimated machine-hours................. 4,500 Actual…

A: Lets understand the basics.For calculating predetermine overhead rate, we need to use below…

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.