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Any boxes already filled in are correct (ignore the red triangles). I just need the answers to the empty boxes. thank you for your help!!
Any boxes already filled in are correct (ignore the red triangles). I just need the answers to the empty boxes. thank you for your help!! I will give like/thumbs up for correct answer!
Requirement 1. Compute the (a) budgeted indirect-cost rate and (b) actual indirect-cost rate. Why do they differ? Identify the formula to calculate the budgeted indirect cost rate and then calculate the rate. Identify the formula to calculate the actual indirect cost rate and then calculate the rate. These rates differ because both the cost and hour amounts in the two calculations are different were started and completed in 2017. (Click the icon to view the data.) Read the requirements. Now calculate the total costs using normal costing for each model. Data table Direct materials and direct labor are paid for on a contract basis. The costs of each are known when direct materials are used or when direct labor-hours are worked. The 2017 actual assembly-support costs were $7,425,000, and the actual direct labor-hours were 165,000 . (b) Identify the formula to calculate the indirect costs under actual costing and then calculate the indirect costs for each model. Now calculate the total costs using actual costing for each model. Requirement 2. What are the job costs of the Laguna Model and the Mission Model using (a) normal costing and (b) actual costing? (a) Identify the formula to calculate the indirect costs under normal costing and then calculate the indirect costs for each modelStep by Step Solution
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