Maple Mount Fishery is a canning company in Astoria. The company uses a normal costing system...
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Maple Mount Fishery is a canning company in Astoria. The company uses a normal costing system in which factory overhead is applied on the basis of direct labor costs. Budgeted factory overhead for the year was $684,600, and management budgeted $326,000 of direct labor costs. During the year (20x1), the company incurred the following actual costs. Direct materials used. $388,000 Direct labor $307,000 Factory overhead $652,000 The January 1 balances of inventory accounts are shown below. Materials (all rect): $62,300 Work-in-process: $43,100 Finished goods $25,800 In 20x1, the December 31 balances of Work-in-Process and Finished goods are $38,790 and $23,220, respectively. What is the amount of the pre-determined rate used by Maple Mount Fishery? O a. $2.1 per direct labor costs. O b. $2.5 per direct labor costs. O c. $1.5 per direct labor costs. O d. $3.0 per direct labor costs. Maple Mount Fishery is a canning company in Astoria. The company uses a normal costing system in which factory overhead is applied on the basis of direct labor costs. Budgeted factory overhead for the year was $684,600, and management budgeted $326,000 of direct labor costs. During the year (20x1), the company incurred the following actual costs. Direct materials used. $388,000 Direct labor $307,000 Factory overhead $652,000 The January 1 balances of inventory accounts are shown below. Materials (all rect): $62,300 Work-in-process: $43,100 Finished goods $25,800 In 20x1, the December 31 balances of Work-in-Process and Finished goods are $38,790 and $23,220, respectively. What is the amount of the pre-determined rate used by Maple Mount Fishery? O a. $2.1 per direct labor costs. O b. $2.5 per direct labor costs. O c. $1.5 per direct labor costs. O d. $3.0 per direct labor costs.
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The Answer is OPTION A 21 per Direct labor costs As Per The Quest... View the full answer
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
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