Venus Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost
At the beginning of the year, it estimated the manufacturing overhead rate to be 20% of the direct labor cost. In the month of June, Venus completed Job 13C and its details are as follows:
Direct materials cost $6,360
Direct labor cost $20,000
Direct labor hours 34 hours
Units of product produced 220
What is the total cost incurred for Job 13C?
A) $27,632
B) $24,000
C) $10,360
D) $30,360
D .D)
Direct materials cost $6,360
Direct labor cost 20,000
Manufacturing overhead ($20,000 x 0.2 ) 4,000
Total cost of Job 13C $30,360
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Data for Nobell, Inc follow
Nobell, Inc Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Assets Current Assets: Cash $121,000 $100,000 Accounts Receivables, Net 117,000 125,000 Merchandise Inventory 70,000 85,000 Total Assets $308,000 $310,000 Liabilities Total Current Liabilities $63,500 $50,000 Long-term Liabilities 100,000 100,000 Total Liabilities 163,500 150,000 Stockholders' Equity Retained Earnings 94,500 110,000 Common Stockholders' Equity 50,000 50,000 Total Liabilities and Stockholders' Equity $308,000 $310,000 Prepare a horizontal analysis of the comparative balance sheet of Nobell, Inc (Round to one decimal place.) What will be an ideal response
The list of specific ________ often serves as a good framework for organizing the results section of the report
A) method sections B) illustrations C) appendices D) research objectives E) purposes