Cost Acounting

1. ACC166 001 Cost Accounting (123) 2. Review Test Submission: lug Costing - Quiz * Question 1 6 bulge of 6 points | | | Carpenter Manufacturing Corporation, a new business scratch line signal operations in February 2011, uses a job cost system; has 2 Direct Cost Categories ( order materials and direct labor); and 2 confirming Cost Pools (the Machining incision [allocation base - machine arcminutes] and the culture part [allocation base - direct labor]).Before beginning operations, the company hustling an annual planning budget showing the following amounts:Machining plane section planning Budget: Manufacturing operating expense $11,100,000; Direct guessing $1,560,000; Direct roil Hours 60,000; Plant utensil Hours 300,000. nicety department training Budget: Manufacturing Overhead $5,086,224; Direct Labor $3,260,400; Direct Labor Hours 125,400; Plant Machine Hours 31,350.During February 2011, the company produced crease 100, purchasing $45,00 0 of direct raw materials for the Machining department and $25,000 of direct raw materials for the Refining department. 20% of the materials purchased for the Machining department and 32% of the materials purchased for the Refining department remained in chronicle at the suppress of February.

Early in February 2011, a blizzard with record snowfall totals, resulted in inaccessible roads and the finish of the plant for 2 days. extra time seconds became necessary in order for production to remain on schedule. Manufacturing labor hours for Job 100 were as follows: Machining department: 90 regular hours, 9 overtime hours; Refin ing department one hundred l regular hours! , 28 overtime hours. The labor rate per hour is $26.Plant Machine Hours for Job 100 were as follows: Machining department: 460 hours; Refining department: 39 hours.What is the Overhead Allocation Rate in the Machining department?Answer| | | | | Selected Answer:| 37.0| | | | | * Question 2 6 out of 6 points | | | Carpenter Manufacturing Corporation, a new business...If you beggary to get a full essay, order it on our website: OrderCustomPaper.com

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