Why are overtime premium and idle time considered as indirect costs?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Horngrens Cost Accounting A Managerial Emphasis

ISBN: 9781292211541

16th Global Edition

Authors: Srikant Datar, Madhav Rajan

See More Books

Question Posted: Mar 22, 2024 02:00 PM

See More Questions

Lou Marinaro worked 44 hours last week for Breakbad Manufacturing. Of the 44 hours 4 hours were considered overtime, and also Marinaro was idle for 5 of the 44 hours due to an equipment malfunction....
Which of these is correct about overtime premium and idle time? a. Both overtime premium and idle time can be classified as overhead costs. b. Overtime premium can be classified as labor cost if such...
Granolla Mike works as an auditor in the audit firm of Alison Wonderland & Partners and charges 60 per hour for normal working hours. The firm pays him 90 per hour for unsociable hours, which...
If the Stock Dividends < 25%, recorded at fair market value. If the Stock Dividends > 25%, recorded at book value. Example1: Velvet Company has 5,000 shares issued and outstanding. Par value is $1;...
July 1 Purchased merchandise from Boden Company for $6,000 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1. 2 Sold merchandise to Creek Co. for $900 under credit terms of...
Physicians Mutual Insurance Co. issued a policy covering Browns life. The policy declared that it did not cover any deaths resulting from mental disorder, alcoholism, or drug addiction. Brown was...
According to the flow of material, what are the four classifications of inventories? LO.1
Dalton Industries, Inc., has two major operating divisions, the Furniture Division and the Electronics Division. The company's main product is a deluxe entertainment center. The centers' components...
Inventories January 1 January 31 Materials $306,000 $277,800 Work in process 214,600 240,000 Finished goods 163,400 187,300 January 31 Direct labor $560,000 Materials purchased during January 604,000...
Appolo Healthcare Solutions provides preventive health check-up packages for men and women over 40 years of age and charges $$12$,000 per package on an average. The average variable costs per...
Which of the following is not a primary function of the management accountant? a. Communicates financial results and position to external parties. b. Uses information to develop and implement...
Find support reactions at A and D and then calculate the axial force N, shear force V, and bending moment M at mid-span of AB. Let L = 14 ft, q 0 =12 lb/ft, P = 50 lb, and M 0 = 300 lb-ft. A Mo y L X...
Solve the Differential equation. xydx+dy=0
What is Hue and saturation?
Explain traversing on the following parcel.Provide one numerical example.
Explore the role of post-occupancy evaluation in commercial and industrial architecture. How do architects use feedback from building users to improve future designs?
Analyze the impact of sustainable construction on biodiversity and ecosystem services. How can construction practices be adapted to minimize impacts on local ecosystems and enhance biodiversity?
Do you think clawbacks should be mandatory and, if so, what should they stipulate? Conduct an on-line search to get an idea of how many companies are requiring clawbacks in their proxy statements.
Find the area of the surface generated by revolving the para- metric curve x = cos 1, y = sin? 1 (0 < I sa/2) about the y-axis.
The Ride-On-Wave Company (ROW) produces a line of non-motorized boats. ROW uses a normal-costing system and allocates manufacturing overhead using direct manufacturing labor cost. The following data...
The Solomon Company uses a job-costing system at its Dover, Delaware, plant. The plant has a machining department and a finishing department. Solomon uses normal costing with two direct-cost...
Kidman & Associates is a law firm specializing in labor relations and employee-related work. It employs 30 professionals (5 partners and 25 associates) who work directly with its clients. The average...
A project with an initial cost of $32,000 is expected to provide cash flows of $12,900, $13,100, $16,200, and $10,700 over the next four years, respectively. If the required return is 8.1 percent,...
A company that is expecting to receive EUR 500,000 in 60 days is considering entering into an FX futures contract to lock an exchange rate to USD for the transaction. The FX rate on the contract is...
Suppose you bought a bon with an annual coupon rate of 6.5 percent one year ago for $1,032. The bond sells for $1,020 today. a. Assuming a $1,000 face value, what was your total dollar return on this...

Why are overtime premium and idle time considered as indirect costs?

Question:

Step by Step Answer:

Overtime premium and idle time are considered indirect costs because they are not directly attributa...View the full answer

Horngrens Cost Accounting A Managerial Emphasis

Students also viewed these Business questions