INTERM.ACCT.:REPORTING...-CENGAGENOWV2
INTERM.ACCT.:REPORTING...-CENGAGENOWV2
3rd Edition
ISBN: 9781337909358
Author: WAHLEN
Publisher: CENGAGE L
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Chapter 1, Problem 1E
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Plutonium Casting has 30 employees, who are distributed as follows: Design 6 employees Fabrication 2 employees Purchasing 2 employees Administration 10 employees Sales 10 employees The payroll-related costs for the year are $798,096. If Plutonium Casting does use departmental classification, how much is allocated to the Sales department? Note: Do not round intermediate calculations. Round final answer to 2 decimal places. Multiple Choice $53,206.40 $266,032.00 $159,619.20 $53,206.40
During May, Schultz Company produced 12,000 units of a product called Premium. Premium has a standard materials cost of three pieces per unit at $6 per piece. The actual materials used consisted of 35,000 pieces at a cost of $175,000. Actual purchases of the materials amounted to 45,000 pieces at a cost of $225,000. Compute the two materials variances.
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