Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

High Tech Manufacturing Inc., incurred total indirect manufacturing labor costs of $450,000. The company is labor intensive. Total labor hours during the period were 4,600.

image text in transcribed
High Tech Manufacturing Inc., incurred total indirect manufacturing labor costs of $450,000. The company is labor intensive. Total labor hours during the period were 4,600. Using qualitative analysis, the manager and the management accountant determine that over the period the indirect manufacturing labor costs are mixed costs with only one cost driver-labor-hours. They separated the total indirect manufacturing labor costs into costs that are fixed ($110,000 based on 8,600 hours of labor) and costs that are variable ($340,000) based on the number of labor-hours used. The company has estimated 7,800 labor hours during the next period What will be the total cost for the estimated 7 800 hours? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar) O A $518,140 OB. $418,372 C. $686.498 OD. $763,043

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Financial Crisis Implications For Research And Teaching

Authors: Ted Azarmi, Wolfgang Amann

1st Edition

3319205870, 978-3319205878

More Books

Students also viewed these Finance questions

Question

We know how businesses are classified according to their function.

Answered: 1 week ago