Question: Question 22 4 points Save Answer Lucy Corporation in Ningbo manufactures products on a job-order basis. The job cost sheet for Job #N2 shows the

 Question 22 4 points Save Answer Lucy Corporation in Ningbo manufactures
products on a job-order basis. The job cost sheet for Job #N2
shows the following for March: Direct material Direct labor (100 hours @
$10.00) Machine hours incurred Predetermined overhead rate per machine hour $5,000 $1,000

Question 22 4 points Save Answer Lucy Corporation in Ningbo manufactures products on a job-order basis. The job cost sheet for Job #N2 shows the following for March: Direct material Direct labor (100 hours @ $10.00) Machine hours incurred Predetermined overhead rate per machine hour $5,000 $1,000 40 $20 At the end of March, what total cost appears on the job cost sheet for Job #N2? 1.56,800 2. 58,325 3.$5,765 4.55,725 Question 23 4 points Save Answer Echo Company in Ningbo is a print shop that produces jobs to customer specifications. During January, Job #N1 was worked on and the following information is available: $2,500 15 Direct material used Direct labor hours worked Machine time used Direct labor rate per hour Overhead application rate per hour of machine time $10 $20 What was the total cost of Job N1 for January? 1.$2,770 2. $2,812 3.52,170 4.$3,052 Question 24 4 points Save Answer Bubble Corporation is located in Ningbo. It has two production departments (A and B) and two service departments (Maintenance and Utilities). Information for January is presented here. Maintenance $18,700 Utilities $9,000 Overhead costs incurred Service provided to: Maintenance Dept. Utilities Dept. Producing Dept. A Producing Dept. B 10% 201 40$ 305 60% 1L Using repated or algebraic method, what would be the formula to determine the total maintenance costs? 1. M = $9,000 + 200 2. M = $18,700 - 100 3.M - 518,700 + 300 + 40A + .40B 4.M - $27.700 + 40A + 40B Question 25 3 points Save Answer If no safety stock is carried, the average Inventory is equal to the 1. economic order quantity/2. 2. order point x 2. 3. order point/2. 4. economic order quantity x 2

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!