Venus Crates manufactures custom crates for a variety of uses. The following data have been recorded...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Venus Crates manufactures custom crates for a variety of uses. The following data have been recorded for Job 551, which was recently completed. Direct materials used cost $7,700. There were 90 machine hours used on this job. The predetermined overhead rate is $32 per machine hour used. There were 179 direct labor hours worked on this job at a direct labor wage rate of $31 per hour. What is the total manufacturing cost of Job 551? ... A. $5,549 B. $7,969 O C. $2,880 O D. $16,129 Venus Crates manufactures custom crates for a variety of uses. The following data have been recorded for Job 551, which was recently completed. Direct materials used cost $7,700. There were 90 machine hours used on this job. The predetermined overhead rate is $32 per machine hour used. There were 179 direct labor hours worked on this job at a direct labor wage rate of $31 per hour. What is the total manufacturing cost of Job 551? ... A. $5,549 B. $7,969 O C. $2,880 O D. $16,129
Expert Answer:
Related Book For
Managerial Accounting
ISBN: 9781259275814
11th canadian edition
Authors: Ray H Garrison, Alan Webb, Theresa Libby
Posted Date:
Students also viewed these accounting questions
-
The following data have been collected by an accountant who is performing an audit of paper products at a large office supply company. The dependent variable, y , is the time taken (in minutes) by...
-
The following data have been reported by Shen and Smith for benzene (Bz) adsorption on silica gel [16]: a) Do these data better fit a single site or a dual site Langmuir isotherm? Why? b) Assuming...
-
The following data have been gathered from two related samples. The differences are assumed to be normally distributed in the population. Use these data and alpha of .01 to test the...
-
5.2-1 Dielectric Media. Identify the media described by the following equations, regarding linearity, dispersiveness, spatial dispersiveness, and homogeneity. (a) = x - av x 8, (b) + a2 = (c) a, 8/a1...
-
How would an auditor test the realizable value audit objective for a financial instrument classified as a level 3 fair value estimate?
-
Consider a stock worth $25 that can go up or down by 15 percent per period. The risk-free rate is 10 percent. Use one binomial period. a. Determine the two possible stock prices for the next period....
-
Watch Bettina Warburg's TED Talk titled "How the Blockchain Will Radically Transform the Economy," dated June 2016 at https://www.ted.com/talks/bettina_warburg_...
-
TechSolvers produces 8-foot USB cables. During the past year, the company purchased 500,000 feet of plastic-coated wire at a price of $0.25 per foot. The direct materials standard for the cables...
-
Your answer is incorrect. Cullumber Company incurs these expenditures in purchasing a truck: cash price $23,600, accident insurance (during use) $2,310, sales taxes $1,062, motor vehicle license...
-
Mr. Geoffrey Guo had a variety of transactions during the 2019 year. Determine the total taxable capital gains included in Mr. Guo's division B income. The transactions included:? 1. On January 1,...
-
Hello, Can you please provide me the solution for this question. Can you also please provide me the excel steps? Do let me know if you need any info as this question is linked to a question of...
-
According to the Census Bureau in October 2016, the average house price in the united states was $28,458. 5 years earlier, the average price was $21,008. What was the annual increase in the price of...
-
A closed-end test tube has a length of 17.2 cm. The speed of sound in the test tube is 340 m/s. Find the frequency of the first harmonic.
-
A buyer's department has a 48% markup on merchandise, has planned October sales of $68,000 and planned markdowns of $12,000. The opening October inventory is planned at $310,000 and the closing...
-
At a rate of 2.5%, what is the present value of the following cash flow stream: $0 at Time 0; $1,000 at the end of Year 1; $3,500 at the end of Year 2; $0 at the end of Year 3; and $5,500 at the end...
-
What happens to the bond's value in part d if inflation rises immediately after the bond is issued, causing rd to be 13%? What is the bond's value if rd increases to 15%? Would it be a premium or...
-
Suppose the Baldwin company expands to other markets with good designs, high awareness and easy accessibility, what strategy would they be implementing? Select: 1 Save Answer Broad differentiation...
-
Using the theoretical sampling strategy, how many samples of size 4 (n = 4) can be drawn from a population of size: (a) N = 5? (b) N = 8? (c) N = 16? (d) N = 50?
-
Teri Hall recently opened Sheer Elegance Inc., a store specializing in fashionable stockings. Hall has just completed a course in managerial accounting, and she believes that she can apply certain...
-
Skate World is a merchandising company that sells skateboards both at its retail s tore and its online store. Results for the most recent three months are shown below. Required 1. Identify each of...
-
What determines the slope of a profit graph?
-
Which of the following is not a reason an internal auditor should participate in internal control reviews during the design of new systems? a. It is more economical to design controls during the...
-
MonsterMed Inc. (MMI) is an online pharmaceutical firm. MMI has a small systems staff that designs and writes MMFs customized software. Until recently, MMIs transaction data were transmitted to a...
-
Which of the following is a characteristic of auditing? a. Auditing is a systematic, step-by-step process. b. Auditing involves the collection and review of evidence. c. Auditing involves the use of...
Study smarter with the SolutionInn App