Question
The dual-rate cost-allocation method classifies costs in each cost pool into a: a. budgeted-cost pool and an actual-cost pool b. direct-cost pool and a reciprocal-cost
The dual-rate cost-allocation method classifies costs in each cost pool into a:
a. budgeted-cost pool and an actual-cost pool
b. direct-cost pool and a reciprocal-cost pool
c. used-capacity-cost pool and a practical-capacity-cost pool
d. variable-cost pool and a fixed-cost pool
XYZ Company uses job costing system. The appropriate journal entry if direct materials of $50,000 and indirect materials of $3,000 are sent to the manufacturing plant floor?
a. Work-in-Process Control debit $53,000 and Materials Control credit $53,000.
b. Work-in-Process Control debit $50,000 and Materials Control credit $50,000.
c. Work-in-Process Control debit $50,000, Manufacturing Overhead Control debit $3,000 and Materials Control credit $53,000.
d. Manufacturing Overhead Control debit $3,000, Materials Control debit $50,000 and Work-in-Process Control credit $53,000.
United Company blends and sells two products X&Y. each with different sales strategies, distribution channels, and product offerings. United is now considering the sale of a bundled product consisting of X&Y. For the most recent year, United reported retail price of X product $192, of Y product $448 and of (X+Y) $520. Using stand-alone revenue allocation method, the revenue allocated to X product is:
a. $364.
b. $448.
c. $192.
d. $156.
Please please, I don't have enough time, help me
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