Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost
At the beginning of the year, the company estimated total manufacturing overhead costs at $1,000,000 and total direct labor costs at $830,000. In June, Job 711 was completed. The details of Job 711 are shown below.
Direct materials cost $27,000
Direct labor cost $13,000
Direct labor hours 400 hours
Units of product produced 500 units
How much was the cost per unit of finished product? (Round any percentages to two decimal places and your final answer to the nearest cent.)
A) $80.00
B) $101.58
C) $85.20
D) $111.20
D .
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A ratio of 2:2:1 is the same as
A) 20%:20%:10% B) 2/5:2/5:1/5 C) 2/10:2/10:1/20 D) both (a) and (c)
No court offers mediation as an option before a case goes to trial.
Answer the following statement true (T) or false (F)
Simpson Productions Inc. had net sales of $300,000, costs of sales of $150,000, additional expenses of $100,000, depreciation of $50,000, and a tax rate of 30%. Use this information to determine the firm's after tax earnings on a cash basis
A) $0 B) $30,000 C) $35,000 D) $50,000
Business Expansion Plan (Scenario)As business expansion director, Shana's goal is to scout for potential locations and provide input on how her company should proceed with its planned expansion to Europe. There are many options, which include maintaining the company's head office in the United States and sending over company representatives when necessary or establishing a separate operations facilities abroad and hiring locals as managers.If Shana's company decides to open a completely new operation in Germany, tailoring the company to local customs and marketing strategies and hiring local managers, it would be then considered a ________.
A. transnational corporation B. global company C. borderless organization D. multidomestic corporation