TSC uses job costing and applies overhead using a normal costing system using direct labour hours asthe allocation base. This period's estimated overhead cost is $400,000, estimated direct labour cost is$500,000 and estimated direct labour hours are 25,000. This period's actual overhead cost was$420,000, actual direct labour cost was $390,000, and actual direct labour hours were 20,000.DirectDirectMaterials$200250500DirectLabour Cost Labour Hours$80020040Job 400Job 401Job 4021060032What is the overhead allocation rate?$21/hour$10/hourO $16/hour$18/hour

Name: TSC uses job costing and applies overhead using a normal costing syst
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: TSC uses job costing and applies overhead using a normal costing system using direct labour hours asthe allocation base. This period's estimated overhead cost is $400,000, estimated direct labour cost is$500,000 and estimated direct labour hours are

These are the indirect cost that provides support to the direct cost in the manufacturing process of…

Answered: the allocation base. This period's…

Business

Accounting

the allocation base. This period's estimat $500,000 and estimated direct labour he

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

Please give me answer
A production department within a company received materials of $8,000 and conversion costs of $11,000 from the prior department. It added material of $23,280 and conversion costs of $42,550. The equivalent units are 17,000 for material and 15,300 for conversion. What is the unit cost for materials and conversion? When required, round final answers to two decimal places. Unit Cost Materials $ Conversion $
Activity-Based Costing Steampunk Corporation has the following predicted indirect costs and cost drivers for 2019 for the given activity cost pools: FabricationDepartment FinishingDepartment Cost Driver Maintenance $ 36,000 18,000 Machine hours Materials handling 54,000 27,000 Material moves Machine 126,000 9,000 Machine setups Inspections - 45,000 Inspection hours Total $ 216,000 $ 99,000 The following activity predictions were also made for the year: FabricationDepartment FinishingDepartment Machine hours 5,000 2,500 Material moves 1,500 750 Machine setups 350 25 Inspection hours - 500 It is assumed that the cost per unit of activity for a given activity does not vary between departments. Steampunk's president, Abner Punk, is trying to evaluate the company's product mix strategy regarding two of its product models, SW100 and SG150. The company has been using a company wide overhead rate based on machine hours but is considering…
Given a predetermined overhead rate of $1.60 per direct labor hour, a capacity of 50,000 hours and 42,000 actual hours, the cost of unused capacity is
Compute conversion costs given the following data: direct materials, $362, 300; direct labor, $ 208, 200; factory overhead, $188,400 and selling expenses, $39,400. a. $149,000 b. $ 396, 600 c. $550, 700 d. $758,900
answer must be in table format or i will give down vote
iven a predetermined overhead rate of $1.60 per direct labor hour, a capacity of 50,000 hours and 42,000 actual hours, the cost of unused capacity is
Compute conversion costs given the following data: direct materials, $353,800; direct labor, $206,900; factory overhead, $205,600 and selling expenses, $47,600. Oa. $559,400 Ob. $158,000 Oc. $412,500 Od. $766,300
Assume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided the following information for its most recent year: Total budgeted fixed overhead cost for the year Actual fixed overhead cost for the year Budgeted direct labor-hours Actual direct labor-hours Standard direct labor-hours allowed for the actual output What is the fixed overhead volume variance? Multiple Choice O $20,000 U $20,000 F $9,000 U $9,000 F $ 300,000 $ 276,000 60,000 56,000 58, 200
How do I prepare the bugdet and replace all question marks into formula?
How to determine the residual income (RI) for the Electronics Division for the past year and for each proposal? Is the division income same as income from operations?