Bolander Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:Total machine-hours70,000Total fixed manufacturing overhead cost$294,000Variable manufacturing overhead per machine-hour$2.30Recently, Job M825 was completed with the following characteristics:Number of units in the job20Total machine-hours80Direct materials$665Direct labor cost$1,840The unit product cost for Job M825 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $37.81
B. $125.25
C. $151.25
D. $59.25
Answer: C
You might also like to view...
________ are also called new-to-the-world products because the firm has created a new product category
A) Classically innovative products B) New category entries C) Line extensions D) Improved products
If the recognized losses resulting from involuntary conversions arising from casualty or theft exceed the recognized gains from such events (i.e., a net loss from the casualty), all of the involuntary conversions are treated as ordinary gains and losses.
Answer the following statement true (T) or false (F)
Total factor productivity:
A. includes materials and labor but not overhead. B. is a ratio of the value of output to the value of all key inputs. C. is the same thing as the production volume variance. D. focuses on an individual input.
Mexico's marking and labeling requirements are very easy to comply with and help promote trade with both the U.S. and Canada
Indicate whether the statement is true or false