Question: Jack is currently working on assembling some cost accounting numbers for the upcoming year for a client who produces disposable utensils. The factory has the
Jack is currently working on assembling some cost accounting numbers for the upcoming year for a client who produces disposable utensils. The factory has the following costs: Factory Insurance, \$57010; Factory Supervisor's \$alary, \$201700; Direct Materials (Plastic), \$29900; Cardboard for Packaging, \$12300; Depreciation on Factory Equipment, \$121300; and Assembly Line Worker Wages, $37000. The Direct Labor (DL) costs consisted of 9100 DL hours and 3000 machine hours. Management has decided to proceed using a simple costing system resulting in a plant-wide cost pool. What is the budgeted MOH rate using one plant-wide pool based on machine hours? $126.67 $0.01 $1178 $50.40
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
