Monica Geller is an experienced chef. She runs a successful catering business and tailors each event...
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Monica Geller is an experienced chef. She runs a successful catering business and tailors each event to the client's needs. In February 2020, she completed all outstanding orders, and then, in March 2020, she worked on only two events, an office party and a wedding. For the office party, direct materials cost was $71,000, and direct labor cost was $274,000. For the wedding, direct materials cost was $58,000 and direct labor was $206,000. Monica pays her staff $25 per hour and allocates overhead costs at a budgeted rate of $20 per direct labor- hour. Q3.1 1 Point How much overhead costs should Monica allocate to each event? (0) Office party (ii) Wedding Q3.2 1 Point Calculate the total cost for each event (i) Office party Enter your answer here (ii) Wedding Enter your answer here Save Answer Monica Geller is an experienced chef. She runs a successful catering business and tailors each event to the client's needs. In February 2020, she completed all outstanding orders, and then, in March 2020, she worked on only two events, an office party and a wedding. For the office party, direct materials cost was $71,000, and direct labor cost was $274,000. For the wedding, direct materials cost was $58,000 and direct labor was $206,000. Monica pays her staff $25 per hour and allocates overhead costs at a budgeted rate of $20 per direct labor- hour. Q3.1 1 Point How much overhead costs should Monica allocate to each event? (0) Office party (ii) Wedding Q3.2 1 Point Calculate the total cost for each event (i) Office party Enter your answer here (ii) Wedding Enter your answer here Save Answer
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Q 31 Office Party No of Direct Labour for Office Party 2740002510960 Hour Offcie Party ... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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