reported income could be explained by the units produced in 2005 being
43. At the end of Killo Co.' s first year of operations, 1,000 units of inventory remained on hand. Variable and fixed manufacturing costs per unit were $ 90 and $ 20, respectively. If Killo uses absorption costing rather than direct( variable) costing, the result would be a higher pretax income of
44. Lynn Manufacturing Co. prepares income statements using both standard absorption and standard variable costing methods. For 2005, unit standard costs were unchanged from 2004. In 2005, the only beginning and ending inventories were finished goods of 5,000 units. How would Lynn ' s ratios using absorption costing compare with those using variable costing?
45. A direct labor overtime premium should be charged to a specific job when the overtime is caused by the
46. In a job cost system, manufacturing overhead is
47. Birk Co. uses a job order cost system. The following debits( credits) appeared in Birk ' s work in process account for the month of April 2005: Birk applies overhead to production at a predetermined rate of 80 % of the direct labor cost. Job No. 5, the only job still in process on April 30, 2005, was charged with direct labor of $ 2,000. What was the amount of direct materials charged to Job No. 5?
47.
48. A job order cost system uses a predetermined factory overhead rate based on expected volume and expected fixed cost. At the end of the year, under applied overhead might be explained by which of the following situations?
49. A standard cost system may be used in