Atteberry Corporation has two manufacturing departments--Machining and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:  Machining  Finishing  TotalEstimated total machine-hours (MHs) 6,000 4,000 10,000Estimated total fixed manufacturing overhead cost$30,000$11,200$41,200Estimated variable manufacturing overhead cost per MH$2.00$2.40   During the most recent month, the company started and completed two jobs--Job E and Job L. There were no beginning inventories. Data concerning those two jobs follow:  Job EJob LDirect materials$13,400$9,100Direct labor cost$24,500$7,000Machining machine-hours 4,100 1,900Finishing machine-hours 1,600 2,400 Assume that the company uses a plantwide predetermined

manufacturing overhead rate based on machine-hours. The total manufacturing cost assigned to Job E is closest to:

A. $73,696
B. $13,400
C. $35,796
D. $24,500


Answer: A

Business

You might also like to view...

Which one of the variables would the program designers like to have as the second goal such that its deviation from zero is minimized?

The objective function formulation for a goal programming model is as follows: Min P1d1-, P2d2-, P3d1+, P4d3-

Business

The City of Pringle purchased a vehicle for the police department. If the operations of the police department are financed by general revenues, an asset would be recorded in which journal(s)? General FundGovernmentalActivitiesA)YesNoB)NoNoC)NoYesD)YesYes

A. Choice A. B. Choice B. C. Choice C. D. Choice D.

Business

Which of the following is a likely procedure to test the adequacy of the allowance for doubtful accounts?

A. Examine dates of purchase orders. B. Examine cash receipts received after year-end. C. Confirm receivables. D. Foot the receivables lead schedule.

Business

The heights (in inches) of 25 individuals were recorded and the following statistics were calculated mean = 70 range = 20 mode = 73 variance = 784 median = 74 The coefficient of variation equals

a. 11.2% b. 1120% c. 0.4% d. 40%

Business