Question
Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year:
Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year: $70,000 $ 96,000 Cost of clay used in production Wages paid to the workers who paint the figurines Wages paid to the sales manager's secretary Cost of junk mail advertising $28,000 $ 45,000 What is the total of the direct costs above? Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead 72,300 $ 3.00 per machine-hour $838,750 The predetermined overhead rate for the recently completed year was closest to: The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $2,057. A total of 32 direct labor-hours and 216 machine-hours were worked on the job. The direct labor wage rate is $21 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $29 per machine-hour. The total cost for the job on its job cost sheet would be: Derst Inc. sells a particular textbook for $36. Variable expenses are $29 per book. At the current volume of 58,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the textbook total
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