Kima Company produces U11 and U22. Manufacturing overhead for year 1 totaled $700,000. Overhead is allocated...
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Kima Company produces U11 and U22. Manufacturing overhead for year 1 totaled $700,000. Overhead is allocated to products based on direct labor cost. Data for year 1 show the following. U11 U22 Sales revenue $1,100,000 $2,100,000 Direct materials 580,000 800,000 Direct labor 150,000 350,000 What are the U11 and U22 profits given the information above? Kima Company produces U11 and U22. Manufacturing overhead for year 1 totaled $700,000. Overhead is allocated to products based on direct labor cost. Data for year 1 show the following. U11 U22 Sales revenue $1,100,000 $2,100,000 Direct materials 580,000 800,000 Direct labor 150,000 350,000 What are the U11 and U22 profits given the information above?
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To calculate the profits for U11 and U22 we need to subtract the total costs including direct materi... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-1259565403
5th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
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