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Fixed costs: 25,000
Variable costs: 36,000
The fixed costs include a normal $4,500 allocation for in-house design
costs, although no in-house design will be done. Instead, the job will
require the use of external designers costing $9,250. What is the total
amount to be included in the calculation to determine the minimum
acceptable price for the job?
Question 6.
Question :
(TCO 1) Who are the users of managerial
accounting information? How does their use of accounting information
differ from the users of financial accounting information?
Question 7.
Question :
(TCO 2) Wolf Co. estimates
that its employees will work 400,000 direct labor hours during the
coming year. Total overhead costs are estimated to be $9,600,000 and
direct labor costs are estimated to be $12,500,000. Direct Labor hours
are actually 450,000.
If Wolf Co. allocates overhead based on direct labor HOURS, what is
the predetermined overhead rate?
Question 1.
Question :
(TCO 3) The Mixing Department is the
third department in the MZS Inc. factory. During January, there were
4,000 units of beginning inventory in the Mixing Department, and
80,000 units were transferred in from the prior process. There were
8,000 units in ending inventory. The transferred-in cost in the beginning
inventory was $170,000 and there was $600,000 in transferred-in cost
during the month.