The direct and indirect cost rate per professional labor hour under actual costing. Given information: 2014, Actual indirect cost is $744,000. Actual labor hour is 15,500.

Question

Want to see the full answer?

Answer 1

Question

Chapter 4, Problem 4.28E

(1)(a)

To determine

To compute: The direct and indirect cost rate per professional labor hour under actual costing.

Given information:

2014,

Actual indirect cost is $744,000.

Actual labor hour is 15,500.

(b)

To determine

To compute: The direct and indirect cost rate per professional labor hour under normal costing.

Given information:

2014,

Budgeted direct cost is $960,000.

Budgeted indirect cost is $720,000.

Budgeted labor hour is 16,000.

(c)

To determine

To compute: The direct and indirect cost rate per professional labor hour under variation from normal costing.

2.

To determine

To explain: The job costing system for C from part a, b and c above.

3.

(a)

To determine

To compute: The cost of audit using actual costing.

(b)

To determine

To compute: The cost of audit using normal costing.

(c)

To determine

To compute: The cost of audit using variation from normal costing that uses budgeted rates.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

The gross profit that snap tech would report is?

Net income can be expected to increase?? General accounting

Sierra Tech Industries purchased an asset costing $80,000 that is expected to produce 600,000 units and have a salvage value of $8,000. In the first year, 100,000 units are produced; in the second year, 95,000 units are produced; and in the third year, 88,000 units are produced. Using the units-of-production method, what is the book value of the asset at the end of year 3?

Answer 2

Question

Chapter 4, Problem 4.28E

(1)(a)

To determine

To compute: The direct and indirect cost rate per professional labor hour under actual costing.

Given information:

2014,

Actual indirect cost is $744,000.

Actual labor hour is 15,500.

(b)

To determine

To compute: The direct and indirect cost rate per professional labor hour under normal costing.

Given information:

2014,

Budgeted direct cost is $960,000.

Budgeted indirect cost is $720,000.

Budgeted labor hour is 16,000.

(c)

To determine

To compute: The direct and indirect cost rate per professional labor hour under variation from normal costing.

2.

To determine

To explain: The job costing system for C from part a, b and c above.

3.

(a)

To determine

To compute: The cost of audit using actual costing.

(b)

To determine

To compute: The cost of audit using normal costing.

(c)

To determine

To compute: The cost of audit using variation from normal costing that uses budgeted rates.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 4, Problem 4.28E

(1)(a)

To determine

To compute: The direct and indirect cost rate per professional labor hour under actual costing.

Given information:

2014,

Actual indirect cost is $744,000.

Actual labor hour is 15,500.

(b)

To determine

To compute: The direct and indirect cost rate per professional labor hour under normal costing.

Given information:

2014,

Budgeted direct cost is $960,000.

Budgeted indirect cost is $720,000.

Budgeted labor hour is 16,000.

(c)

To determine

To compute: The direct and indirect cost rate per professional labor hour under variation from normal costing.

2.

To determine

To explain: The job costing system for C from part a, b and c above.

3.

(a)

To determine

To compute: The cost of audit using actual costing.

(b)

To determine

To compute: The cost of audit using normal costing.

(c)

To determine

To compute: The cost of audit using variation from normal costing that uses budgeted rates.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 4, Problem 4.28E

(1)(a)

To determine

To compute: The direct and indirect cost rate per professional labor hour under actual costing.

Given information:

2014,

Actual indirect cost is $744,000.

Actual labor hour is 15,500.

(b)

To determine

To compute: The direct and indirect cost rate per professional labor hour under normal costing.

Given information:

2014,

Budgeted direct cost is $960,000.

Budgeted indirect cost is $720,000.

Budgeted labor hour is 16,000.

(c)

To determine

To compute: The direct and indirect cost rate per professional labor hour under variation from normal costing.

2.

To determine

To explain: The job costing system for C from part a, b and c above.

3.

(a)

To determine

To compute: The cost of audit using actual costing.

(b)

To determine

To compute: The cost of audit using normal costing.

(c)

To determine

To compute: The cost of audit using variation from normal costing that uses budgeted rates.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 4, Problem 4.28E

(1)(a)

To determine

To compute: The direct and indirect cost rate per professional labor hour under actual costing.

Given information:

2014,

Actual indirect cost is $744,000.

Actual labor hour is 15,500.

(b)

To determine

To compute: The direct and indirect cost rate per professional labor hour under normal costing.

Given information:

2014,

Budgeted direct cost is $960,000.

Budgeted indirect cost is $720,000.

Budgeted labor hour is 16,000.

(c)

To determine

To compute: The direct and indirect cost rate per professional labor hour under variation from normal costing.

2.

To determine

To explain: The job costing system for C from part a, b and c above.

3.

(a)

To determine

To compute: The cost of audit using actual costing.

(b)

To determine

To compute: The cost of audit using normal costing.

(c)

To determine

To compute: The cost of audit using variation from normal costing that uses budgeted rates.

Answer 6

Chapter 4, Problem 4.28E

(1)(a)

To determine

To compute: The direct and indirect cost rate per professional labor hour under actual costing.

Given information:

2014,

Actual indirect cost is $744,000.

Actual labor hour is 15,500.

Answer 7

Chapter 4, Problem 4.28E

(1)(a)

To determine

To compute: The direct and indirect cost rate per professional labor hour under actual costing.

Given information:

2014,

Actual indirect cost is $744,000.

Actual labor hour is 15,500.

Answer 8

(b)

To determine

To compute: The direct and indirect cost rate per professional labor hour under normal costing.

Given information:

2014,

Budgeted direct cost is $960,000.

Budgeted indirect cost is $720,000.

Budgeted labor hour is 16,000.

Answer 9

(b)

To determine

To compute: The direct and indirect cost rate per professional labor hour under normal costing.

Given information:

2014,

Budgeted direct cost is $960,000.

Budgeted indirect cost is $720,000.

Budgeted labor hour is 16,000.

Answer 10

(c)

To determine

To compute: The direct and indirect cost rate per professional labor hour under variation from normal costing.

Answer 11

(c)

To determine

To compute: The direct and indirect cost rate per professional labor hour under variation from normal costing.

Answer 12

2.

To determine

To explain: The job costing system for C from part a, b and c above.

Answer 13

2.

To determine

To explain: The job costing system for C from part a, b and c above.

Answer 14

3.

(a)

To determine

To compute: The cost of audit using actual costing.

Answer 15

3.

(a)

To determine

To compute: The cost of audit using actual costing.

Answer 16

(b)

To determine

To compute: The cost of audit using normal costing.

Answer 17

(b)

To determine

To compute: The cost of audit using normal costing.

Answer 18

(c)

To determine

To compute: The cost of audit using variation from normal costing that uses budgeted rates.

Answer 19

(c)

To determine

To compute: The cost of audit using variation from normal costing that uses budgeted rates.

Answer 20

Expert Solution & Answer

Answer 21

Expert Solution & Answer

Answer 22

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 23

Ch. 4 - Define cost pool, cost tracing, cost allocation,...Ch. 4 - How does a job-costing system differ from a...Ch. 4 - Why might an advertising agency use job costing...Ch. 4 - Describe the seven steps in job costing.Ch. 4 - Give examples of two cost objects in companies...Ch. 4 - Describe three major source documents used in...Ch. 4 - What is the advantage of using computerized source...Ch. 4 - Give two reasons why most organizations use an...Ch. 4 - Distinguish between actual costing and normal...Ch. 4 - Describe two ways in which a house-construction...

The direct and indirect cost rate per professional labor hour under actual costing. Given information: 2014, Actual indirect cost is $744,000. Actual labor hour is 15,500.

To compute: The direct and indirect cost rate per professional labor hour under actual costing. Given information: 2014, Actual indirect cost is $744,000. Actual labor hour is 15,500.

To compute: The direct and indirect cost rate per professional labor hour under normal costing. Given information: 2014, Budgeted direct cost is $960,000. Budgeted indirect cost is $720,000. Budgeted labor hour is 16,000.

To compute: The direct and indirect cost rate per professional labor hour under variation from normal costing.

To explain: The job costing system for C from part a, b and c above.

To compute: The cost of audit using actual costing.

To compute: The cost of audit using normal costing.

To compute: The cost of audit using variation from normal costing that uses budgeted rates.

Want to see the full answer?

Chapter 4 Solutions

To compute: The direct and indirect cost rate per professional labor hour under actual costing.

Given information:

2014,

Actual indirect cost is $744,000.

Actual labor hour is 15,500.

To compute: The direct and indirect cost rate per professional labor hour under normal costing.

Given information:

2014,

Budgeted direct cost is $960,000.

Budgeted indirect cost is $720,000.

Budgeted labor hour is 16,000.