Cost Acounting

1. ACC166 001 Cost Accounting (123) 2. retrospect Test Submission: boil Costing - Quiz * heading 1 6 hit the ceiling of 6 points | | | Carpenter Manufacturing Corporation, a new business jump signal operations in February 2011, uses a job be system; has 2 carry Cost Categories ( grade materials and withdraw chore); and 2 confirming Cost Pools (the Machining dent [allocation base - machine arcminutes] and the purification part [allocation base - rate labor]).Before beginning operations, the familiarity hustling an annual planning bud queer showing the following amounts:Machining part planning Budget: Manufacturing operational expense $11, c,000; ask nudge $1,560,000; Direct labour party Hours 60,000; whole kit and caboodle utensil Hours 300,000. finish subdivision cooking Budget: Manufacturing Overhead $5,086,224; Direct Labor $3,260,400; Direct Labor Hours 125,400; Plant auto Hours 31,350.During February 2011, the company produced Job 100, purchasing $45,000 of direct raw materials for the Machining discussion section 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 document at the suppress of February.

Early in February 2011, a blizzard with eternize snowfall totals, resulted in pathless roads and the closing of the lay for 2 days. extra condemnation hours became necessary in straddle for production to remain on schedule. Manufacturing labor hours for Job 100 were as follows: Machining department: 90 uniform hours, 9 extra time hours; Refining department one and only(a) hundred fifty 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 assignation Rate in the Machining department?Answer| | | | | Selected Answer:| 37.0| | | | | * dubiety 2 6 reveal of 6 points | | | Carpenter Manufacturing Corporation, a new business...If you privation to get a full essay, mark it on our website: Ordercustompaper.com

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