MANAGERIAL ACCOUNTING W/ACCESS
5th Edition
ISBN: 9781266245619
Author: Noreen
Publisher: MCG
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Chapter 10A, Problem 10A.12P
1.
To determine
Compute predetermined
Introduction:
2.
To determine
Compute predetermined overhead rate and fixed overhead and variable overhead if company has 40,000 direct labor hours.
Introduction: Standard costing means the accounting system which is used by manufacturers mainly to identify variances or difference that occur in cost. The difference is identified between actual cost of goods that were manufactured and those cost which should have occurred when actual goods were manufactured.
3.
To determine
Compute two standard cost having activity of 30,000 direct labor hours and 40,000 direct labor hours.
Introduction: Standard costing means the accounting system which is used by manufacturers mainly to identify variances or difference that occur in cost. The difference is identified between actual cost of goods that were manufactured and those cost which should have occurred when actual goods were manufactured.
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the following details are available regarding three products
X Y Z
$ $ $
selling price 200 300 400
direct materials 20 112 90 ($4 per kg)
direct labour 80 44 120
variable overheads 40 22 60
variable overheads are recovered at the rate of $4 per hour. Total fixed overheads are $120,000.
You are required to show the priority ranking of the products if labour hours is the limiting factor.
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Chapter 10A Solutions
MANAGERIAL ACCOUNTING W/ACCESS
Ch. 10A - Fixed Overhead Variances LO10—4 Primara...Ch. 10A - Prob. 10A.2ECh. 10A - Prob. 10A.3ECh. 10A - Prob. 10A.4ECh. 10A - Prob. 10A.5ECh. 10A - Prob. 10A.6ECh. 10A - Prob. 10A.7ECh. 10A - Applying Overhead; Overhead Variances LO10—3,...Ch. 10A - Prob. 10A.9PCh. 10A - Comprehensive Standard Cost Variances LO10—1,...
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