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project is 60 % complete, what is the amount of the contractor ' s current overrun / savings on this design work?
Question 3( COST-0044)
A company with three products classifies its costs as belonging to five functions: design, production, marketing, distribution, and customer services. For pricing purposes, all company costs are assigned to the three products. The direct costs of each of the five functions are traced directly to the three products. The indirect costs of each of the five business functions are collected into five separate cost pools and then assigned to the three products using appropriate allocation bases. The allocation base that would most likely be the best for allocating the indirect costs of the distribution function is
Question 4( COST-0051)
Which of the following is assigned to goods that were either purchased or manufactured for resale?
Question 5( PLAN-0045)
A company manufactures a product that has the direct material standard cost presented below. Budgeted and actual information for the current month for the manufacture of the finished product and the purchase and use of the direct material are also presented. Standard cost for direct material1.60 lb. @ $ 2.50 per lb. = $ 4.00
Finished goods( in units) Direct material usage( in pounds) Direct material purchases( in pounds) Total cost of direct material purchases The direct material price variance for the current month is