Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bolka Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling
Bolka Corporation, a merchandising company, reported the following results for October Sales Cost of goods sold (all variable) Total variable selling expense Total fixed selling expense Total variable administrative expense Total fixed administrative expense $ 4,096,400 $ 2,194,500 $ 238,700 $ 144,700 $ 238,700 $ 282,900 The gross margin for October is: Multiple Choice $996,900 $1,424,500 $3,668,800 $1,901,900 Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour 54,000 $259,200 $ 6.00 Recently, Job P951 was completed with the following characteristics: 25 Number of units in the job Total direct labor-hours 100 Direct materials $ 640 $5,400 Direct labor cost The total Job cost for Job P951 is closest to: (Round your Intermediate calculations to 2 decimal places.) Multiple Choice O $7,120 $1,720 O $6,480 $6,040 O
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started