Basic guidelines that should be followed when allocating support department costs include

Jamie Hopen, CPA, prepares tax returns. The production costs and the number of tax returns prepared for the month of September are as follows: ​ Direct materials $   200 CPA staff salaries 4,000 Overhead 1,800 Total $6,000 Number of tax returns 300 ​ What is the unit cost per tax return?

Grey, Inc., uses a predetermined rate to apply overhead. At the beginning of the year, Grey estimated its overhead costs at $220,000, direct labor hours at 55,000, and machine hours at 20,000. Actual overhead costs incurred were $233,250, actual direct labor hours were 62,000, and actual machine hours were 15,000. ​ If the predetermined overhead rate is based on machine hours, what is the total amount credited to the factory overhead account for the year for Grey?

Canmore Company has the following data pertaining to 2018: ​ Beginning materials inventory $ 50,000 Beginning work-in-process inventory 0 Beginning finished goods inventory 0 Materials placed into production 125,000 Materials purchased on account 137,500 Direct labor incurred (10,000 hours) 62,500 Cost of goods completed (Job BB8) 25,000 ​ Factory overhead rate is 125 percent of direct labor costs. What is the ending materials inventory balance for Canmore in 2018?

Dual rates combine the fixed and variable costs.

__________ explain changes in cost factors other than changes in units produced.

Costs of normal spoilage are included in overhead and applied to all good units produced.

Bear Claw Industries uses a job-order costing system. The Molding Department applies overhead based on machine hours, while the Assembly Department applies overhead based on direct labor hours. The company made the following estimates at the beginning of the current year: ​   Molding Assembly Manufacturing overhead cost $700,000 $400,000 Machine hours   10,000    4,000 Direct labor hours   12,000   16,000 ​ The following information was available for Job No. 7-29, which was started and completed during August:   Job No. 7-29   Molding Assembly Direct materials $3,500 $ 7,500 Direct labor $9,000 $12,500 Direct labor hours    900   1,250 Machine hours    500     400 ​ The predetermined overhead rate for the molding department is

__________ are mutually beneficial costs to joint product costing.

Beginning inventory consisted of 1,000 units with costs of $31,000. All materials and 60 percent of labor and overhead were added in the prior period. In addition, another 8,000 units were started and completed. Unit costs are materials, $8.00; labor, $20.00; overhead, $9.00. What is the total cost of goods transferred out using FIFO?