Which one of the following conditions usually exists when comparing normal and abnormal spoilage to controllability? Multiple Choice question - Example of Answer: C A Question 37 (5 points) Gregory Enterprises currently is using a plant-wide OH rate based on direct labor hours for the assignment of factory overhead costs to jobs. Gregory Enterprises has identified three cost pools to allocate overhead costs under ABC. The following estimates are provided for the upcoming year: The records for one of the jobs (Hellen Job) consumed the following resources: Using current plant-wide overhead rate based on direct labor-hours, what is the amount of factory overhead cost allocated to the Hellen Job? a) $160 b) $120 c) $240 d) $125 e) $215 Which one of the following conditions usually exists when comparing normal and abnormal spoilage to controllability? Multiple Choice question - Example of Answer: C Penny's TV and Appliance Store is a small company that has hired you to perform some management advisory services by performing cost analysis and cost estimation. The following information pertains to 2019 operations. What are the estimated total costs if Penny's expects to sell 3,000 units next year? a) $896,000 b) $678,000 c) $1,017,000 d) $799,000 e) 845,000 The Donald Company uses a job-order cost system. On May 1st four jobs were in process. The total of costs incurred by each job as of May 1st is stated in the below which includes direct materials, direct labor, and factory overhead. Direct materials and direct labor costs incurred in month May were as follows: Overhead is applied to jobs at the rate of 70 percent of direct materials cost. Jobs 105,107 , and 108 were completed during May and were transferred to finished goods. Jobs 105 and 108 have been delivered to the customer. Compute cost of goods sold in May. Example of Answer: 4000 (No comma, space, decimal point, or $ sign)