Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In december 2020 direct labor was 40% of conversion cost. If the manufacturing overhead for the month was $66,000 and the direct materials cost was

image text in transcribed
image text in transcribed
In december 2020 direct labor was 40% of conversion cost. If the manufacturing overhead for the month was $66,000 and the direct materials cost was $20,000, the direct labor cost was: tion Select one O a. 530,000 b. $13,333 O C. 599,000 d $44,000 Canada corporation manufactures three products X, Y &Z from a joint process. February production is 4,000 X 7,000 Y; and 8,000 Z. Respective per unit selling prices at splitoff are $15, $10, and $5. Joint costs up to the splitoff point are $75,000. If joint costs are allocated based upon the sales value at splitoff, what amount of joint costs will be allocated to all products? a. $19,000 O b. $25,000 O c $75,000 O d. $56,000

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_2

Step: 3

blur-text-image_3

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

IT Auditing Using A System Perspective Premier Reference Source

Authors: Robert Elliot Davis

1st Edition

1799855481, 978-1799855484

More Books

Students also viewed these Accounting questions

Question

What is EMMA and when would someone want to use EMMA?

Answered: 1 week ago

Question

6.11 Describe the key features of koro and dhat syndromes.

Answered: 1 week ago