(1)(a)
To compute: The direct and indirect cost rate per professional labor hour under (a) actual costing.
Given information:
2014,
Actual direct cost is $285,000.
Actual indirect cost is $159,600.
Actual labor hour is 11,400.
(b)
To compute: The direct and indirect cost rate per professional labor hour under normal costing.
Given information:
2014,
Budgeted direct cost is $273,000.
Budgeted indirect cost is $157,500.
Budgeted labor hour is 10,500.
(c)
To compute: The direct and indirect cost rate per professional labor hour under variation from normal costing.
2.
To explain: The job costing system for C solution from part a, b and c above.
(3)(a)
To compute: The cost of G school job using actual costing.
(b)
To compute: The cost of G school job using normal costing.
(c)
To compute: The cost of G school job using the variation from normal costing that uses budgeted rates.
Want to see the full answer?
Check out a sample textbook solutionChapter 4 Solutions
COST ACCT-W/ACCESS >C< NON-MAJORS
- What is the net income of this general accounting question?arrow_forwardSuppose Austin Sound had sales of $300,000 and sales returns of $45,000. Cost of goods sold was $152,000. How much gross profit did Austin Sound report? a. $148,000 b. $103,000 c. $255,000 d. $88,000arrow_forwardFinancial Accountingarrow_forward
- Financial Accountingarrow_forwardWhich of the following is an example of a period cost in a company that makes clothing? a. Fabric used to produce men's pants. b. Advertising cost for a new line of clothing. c. Factory supervisor's salary. d. Monthly depreciation on production equipment.arrow_forwardGeneral Accounting Question please solve thisarrow_forward
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education