Which of the following is the correct formula to compute the predetermined overhead rate?
LLX Corporation has two production departments, Casting and…
LLX Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department’s predetermined overhead rate is based on machine-hours and the Customizing Department’s predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Casting Customizing Machine-hours 26,000 24,000 Direct labor-hours 15,000 10,000 Total fixed manufacturing overhead cost $ 140,400 $ 41,000 Variable manufacturing overhead per machine-hour $ 1.80 Variable manufacturing overhead per direct labor-hour $ 4.60 The estimated total manufacturing overhead for the Customizing Department is closest to:
At an activity level of 8,000 units in a month, LLX Corporat…
At an activity level of 8,000 units in a month, LLX Corporation’s total variable maintenance and repair cost is $690,180 and its total fixed maintenance and repair cost is $457,000. This level of activity is within the relevant range which is 7,000 units to 10,000 units. What would the total maintenance and repair cost, both fixed and variable, be at an activity level of 8,500 units in a month? (Round intermediate calculations to 2 decimal places.)
LLX Inc. uses a predetermined overhead rate to apply manufac…
LLX Inc. uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on machine-hours in Department A and on labor cost in Department B. At the beginning of the year, the Corporation made the following estimates: Department A Department B Direct labor cost $ 60,000 $ 30,000 Manufacturing overhead $ 90,000 $ 45,000 Direct labor-hours 6,000 9,000 Machine-hours 15,000 5,000 What predetermined overhead rates would be used in Department A and Department B, respectively?
Which of the following statements are true? I. If the acti…
Which of the following statements are true? I. If the activity level increases, then one would expect the fixed cost per unit to increase as well. II. A fixed cost is a cost whose cost per unit varies as the activity level rises and falls. III. A decrease in production will ordinarily result in a decrease in fixed production costs per unit.
Managers can use the high-low method to separate mixed costs…
Managers can use the high-low method to separate mixed costs into their variable and mixed components to enable cost-volume-profit analysis.
Exam or quiz make ups are not permitted.
Exam or quiz make ups are not permitted.
Which of the following are true of the force against which t…
Which of the following are true of the force against which the left ventricle must pump?1. Referred to as left ventricular afterload.2. Equivalent to pulmonary vascular resistance.3. Helps to determine left ventricular stroke volume.
What is normal MAP?
What is normal MAP?
Which of the following heart conditions is commonly caused b…
Which of the following heart conditions is commonly caused by ischemia in the pulmonary circulation due to COPD?