Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 40,000Total fixed manufacturing overhead cost$96,000Variable manufacturing overhead per direct labor-hour$3.00 Recently, Job P951 was completed with the following characteristics: Number of units in the job 20Total direct labor-hours 100Direct materials$755Direct labor cost$4,000 The predetermined overhead rate is closest to:
A. $5.40 per direct labor-hour
B. $2.40 per direct labor-hour
C. $8.40 per direct labor-hour
D. $3.00 per direct labor-hour
Answer: A
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A) distributors B) industry trade publications C) customers D) causal research E) activities of competitors
On February 12, Oceans Company purchased a tract of land as a factory site for $190,000 . An existing building on the property was razed and construction was begun on a new factory building in March of the same year. Additional data are available as follows: Cost of razing old building .......................... $ 55,000 Title insurance and legal fees to purchase land ...... 7,500 Architect's
fees ..................................... 52,500 New building construction cost ....................... 975,000 The recorded cost of the completed factory building should be a. $1,165,000 b. $1,220,000 c. $1,027,500 d. $1,082,500
When expressing time of day, measurement, or money, you should use _______________
a. numerical figures b. written-out numbers
Intentional interference with contractual relations arises when a third party induces a contracting party to breach the contract with another party
Indicate whether the statement is true or false