Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 11 1. O&A Corporation, a merchandising company, reported the following results for July Number of units sold 3,850 Selling price per unit 339 Beginning

image text in transcribed
image text in transcribed
image text in transcribed
Question 11 1. O&A Corporation, a merchandising company, reported the following results for July Number of units sold 3,850 Selling price per unit 339 Beginning Merchandise Inventory 631,500 Ending Merchandise Inventory 550,000 Merchandise Purchased 450,000 Variable selling expense per unit 27 Total fixed selling expense 77,900 Variable administrative expense per unit 12 Total fixed administrative expense 185,200 Prepare a contribution format income statement for July. How much total fixed expenses Question 12 non forortinn a merchandising company, reported the following results for July: w/review.sp?attempt.id=535723718 COUTEATRO Question 9 Queens Corporation uses direct labor-hours in its predetermined overhead rate. The following additional information is available for the company as a whole and for Job X Estimated total fixed manufacturing overhead $10,000 Estimated variable manufacturing overhead per direct labor hour $1.00 Estimated total direct labor-hours to be worked $2,000 Total actual manufacturing overhead cost incurred $12.500 Job X Direct Material $8,000 Direct Labor cost $7,500 Actual direct labor-hours worked 500 What is the company predetermined overhead rate? Question 10 Queens Corporation uses direct labor-hours in its predetermined overhead rate. The following additional information is available for the company as a whole and for Job X Estimated total fixed manufacturing overhead S10,000 Estimated variable manufacturing overhead per direct labor hour $1.00 Estimated total direct labor--hours to be worked $2,000 Total actual manufacturing overhead cost incurred S12,500 Job X Direct Material $8.000 Direct Labor cost $7,500 Actual direct labor-hours worked 500 What is the total manufacturing cost? Questions

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

Costing

Authors: Terry Lucey

6th Edition

0826455107, 9780826455109

More Books

Students also viewed these Accounting questions

Question

Define psychology and cite its four major goals.

Answered: 1 week ago

Question

=+7. What is the big message you want them to know? (THINK SLOGAN.)

Answered: 1 week ago