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 4.32P

1.

To determine

To prepare: An overview diagram of K job costing system.

2.

To determine

To compute: The budgeted direct cost rate per hour of professional labor for the year 2014.

Given information:

Budgeted direct cost is $97,500.

Budgeted direct labor hour is 1,500.

3.

To determine

To compute: The budgeted indirect cost rate per hour of professional labor for the year 2014.

Given information:

Indirect cost is $2,475,000.

Budgeted direct labor hour is 1,500.

Number of employees is 30.

4.a

To determine

To prepare: A statement that shows the cost estimate for R Incorporation.

b.

To determine

To prepare: A statement that shows the cost estimate for P Incorporation.

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1: An employer in Cleveland, OH, employs two individuals, whose taxable earnings to date (prior to the current pay period) are $5,000 and $12,000. During the current pay period, these employees earn $1,800 and $2,000, respectively. FUTA tax = $ 126.66 2: An employer in Nesconset, NY, employs three individuals, whose taxable earnings to date (prior to the current pay period) are $6,900, $1,000, and $24,200. During the current pay period, these employees earn $2,400, $1,750, and $3,000, respectively. FUTA tax = $ 235.50 × 3: An employer in The U.S. Virgin Islands employs two individuals, whose taxable earnings to date (prior to the current pay period) are $8,500, and $3,400. During the current pay period, these employees earn $880 and $675, respectively. FUTA tax = $ 664.50 × 4: An employer in Cary, NC, employs three individuals, whose taxable earnings to date (prior to the current pay period) are $5,900, $8,900, and $6,600. During the current pay period, these employees earn $940,…
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