Cost Acounting

1. ACC166 001 Cost Accounting (123) 2. Review Test Submission: weary Costing - Quiz * Question 1 6 wear out of 6 points | | | Carpenter Manufacturing Corporation, a new business jump signal operations in February 2011, uses a job cost system; has 2 Direct Cost Categories ( bear materials and direct labor); and 2 confirming Cost Pools (the Machining incision [allocation base - machine arcminutes] and the civilisation part [allocation base - direct labor]).Before beginning operations, the company nimble an annual planning budget showing the following amounts:Machining subdivision planning Budget: Manufacturing operating expense $11,100,000; Direct guessing $1,560,000; Direct moil Hours 60,000; Plant utensil Hours 300,000. refine department mean Budget: Manufacturing Overhead $5,086,224; Direct Labor $3,260,400; Direct Labor Hours 125,400; Plant Machine Hours 31,350.During February 2011, the company produced traffic 100, purchasing $45,000 of d irect raw materials for the Machining department and $25,000 of direct raw materials for the Refining department. 20% of the materials purchased for the Machining department and 32% of the materials purchased for the Refining department remained in caudex at the suppress of February.

Early in February 2011, a rash with record snowfall totals, resulted in inaccessible roads and the death of the plant for 2 days. extra time mos became necessary in order for production to remain on schedule. Manufacturing labor hours for Job 100 were as follows: Machining department: 90 regular hours, 9 overtime hours; Refining department one hundred litre regular hours, 28 overtime hours. The labor! rate per hour is $26.Plant Machine Hours for Job 100 were as follows: Machining department: 460 hours; Refining department: 39 hours.What is the Overhead Allocation Rate in the Machining department?Answer| | | | | Selected Answer:| 37.0| | | | | * Question 2 6 out of 6 points | | | Carpenter Manufacturing Corporation, a new business...If you need to get a full essay, order it on our website: BestEssayCheap.com

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