In a joint costing process, which of the following would not be considered a sunk cost?
a. direct material cost
b. direct labor cost
c. joint cost
d. costs incurred to further refine a product created by the process
D
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Describe the concept of working capital
Which of the following is most likely to represent a bottleneck?
A) A production machine that is underutilized. B) A workstation that requires significant supervision. C) A production machine that has limited capacity. D) An employee who has one hour of idle time each day.
The relationships between pay grades and levels within the single organisation are known as:
a. internal relativities b. internal comparisons c. internal arrangements d. internal composition
A manufacturer of playground equipment has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator level of activity 5,800DLHs Fixed overhead cost$58,870 The following data pertain to operations for the most recent period: Actual hours 6,100DLHs Standard hours allowed for the actual output 6,018DLHs Actual total fixed manufacturing overhead cost$58,320 The fixed manufacturing overhead applied to products during the period is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $58,870 B. $61,915 C. $61,083 D. $58,320