Info in imagesChoices for Q1a. $46,154b. $29,970c. $11,988 d. $41,958Choices for Q2a. Choice Db. Choice Ac. Choice Bd. Choice C Which of the following would usually be found on a job cost sheet under a normal cost system?ActualActual directmanufacturingmaterial costoverhead costA)B)C)YesYesYesNoNoYesD)NoNo Nielsen Corporation has two manufacturing departments--Machining and Assembly. The company used the following data at the beginning of the year to calculatepredetermined overhead rates:MachiningAssemblyTotalEstimated total machine-hours (MHs)1,0004,0005,000$4,700$10,800$ 2.20$15,500Estimated total fixed manufacturing overhead costEstimated variable manufacturing overhead cost per machine-hour$ 1.20During the most recent month, the company started and completed two jobs--Job F and Job M. There were no beginning inventories. Data concerning those two jobsfollow:Job FJob M$7,400$8,800Direct materials$13,000Direct labor cost$20,400Machining machine-hours700300Assembly machine-hours1,6002,400Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 40% on manufacturing cost toestablish selling prices. The calculated selling price for Job M is closest to: (Round your intermediate calculations to 2 decimal places.)

Answered: Which of the following would usually be…

Which of the following would usually be found on a job cost sheet under a normal cost system? Actual Actual direct manufacturing material cost overhead cost A) B) C) Yes Yes Yes No No Yes D) No No

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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