Boxer Industries worked on four jobs during its first year of operation: nos. 401, 402, 403, and 404. A review of job no. 403's cost record revealed direct material charges of $40,000 and total manufacturing costs of $50,000. If Boxer applies overhead at 150% of direct labor cost, the overhead applied to job no. 403 must have been:
A. $6,000.
B. $0.
C. $5,000.
D. $4,000.
E. $3,333.
Answer: A
You might also like to view...
All of the following are problems with traditional accounting information except:
a. Managers in a lean setting require immediate information. b. The measurement principle tends to ignore standards other than money. c. Standard costing motivates nonlean behavior in operations. d. The overhead component in a manufacturing company is usually very large. e. All of the above are problems associated with traditional accounting information.
Which of the following activities is not included in sales force management?
A. production B. motivation C. compensation D. recruitment E. evaluation
Joey set up a lawn-mowing business in his neighborhood. He currently has 7 customers that want their lawns mowed each week, for which he charges $25.00 each. Joey spends $10.00 a week in gas and another $17.00 in yard waste bags and stickers. What is Joey's weekly revenue?
A. $88.00 B. $175.00 C. $148.00 D. $158.00 E. $105.00
In a limited liability partnership (LLP), the death or withdrawal of a partner dissolves the partnership.
Answer the following statement true (T) or false (F)