Cost Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText -- Access Card Package (15th Edition)
Cost Accounting, Student Value Edition Plus MyAccountingLab with Pearson eText -- Access Card Package (15th Edition)
15th Edition
ISBN: 9780133781106
Author: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
Publisher: PEARSON
Question
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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.

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