Business, 02.04.2021 04:20 officialgraciela67
Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates:Direct labor-hours required to support estimated production140,000Machine-hours required to support estimated production70,000Fixed manufacturing overhead cost$784,000Variable manufacturing overhead cost per direct labor-hour$2.00Variable manufacturing overhead cost per machine-hour$4.00During the year, Job 550 was started and completed. The following information is available with respect to this job:Direct materials$175Direct labor cost$225Direct labor-hours15Machine-hours5Required :1. Assume that Landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base. Under this approach:a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost of Job 550.c. If Landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for Job 550
Answers: 3
Another question on Business
Business, 21.06.2019 19:20
What impact did the economic opportunities in pennsylvania and new york have on virginia? a. virginia planters started to migrate to new york. b. new yorkers began buying up cheap virginia real estate. c. virginians found themselves resorting increasingly to slavery. d. virginians loosened their slave laws to attract more migrants.
Answers: 2
Business, 22.06.2019 02:30
The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.
Answers: 1
Business, 22.06.2019 09:30
Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false
Answers: 1
Business, 22.06.2019 10:30
The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?
Answers: 3
You know the right answer?
Landen Corporation uses a job-order costing system. At the beginning of the year, the company made t...
Questions
