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