Venus Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost. At the beginning of the year, it estimated the manufacturing overhead rate to be 20% of the direct labor cost. In the month of Jun Venus completed Job 13C and its details are as follows Direct materials cost Direct labor cost Direct labor hours Units of product produced $6,680 $23,000 34 hours 250 What is the total cost incurred for Job 13C? OA. $27,600 O B. $31,016 O C. $34,280 O D. $11.280
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Venus Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost. At the beginning of the year, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A company purchased new equipment for $47,000. The company paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $2,900; sales tax paid $3,700; and installation cost, $3,300.
Answers (1)
On January 2, 2018, Coronado Industries issued at par $2040000 of 5% convertible bonds. Each $1000 bond is convertible into 10 shares of common stock. No bonds were converted during 2018.
Answers (1)
Margaret earned $4,000 during January of this year. She was unemployed for February and March, and during April she earned an additional $3,000. She did not work again until December, at which time she earned $1,200.
No Answers
Which of the following is an advantage of opening a Roth individual retirement account (IRA) as a young person with a full time job A. The money in the account can be used to pay income taxes B. It is a convenient way to save money for vacation C.
Answers (1)
Under the UCC, if Merchant B accepts Merchant A's offer, but adds some terms to the original offer, those terms will become part of the ensuing contract between the two merchants unless A. the terms materially alter the contract. B.
Answers (1)
New Questions in Business
The following computations were made from Clay Co.'s current-year-end books:Number of days' sales in inventory 61Number of days' sales in trade accounts receivable 33What was the number of days in Clay's current-year operating cycle? A. 33B. 47C.
Answers (1)
Assume that markup is based on selling price. Find the dollar markup and percent of markup on selling price. (Round your answers to 2 decimal places. Omit the "$" and "%" signs in your response.)
Answers (1)
Arthur pays tax of $5,000 on taxable income of $50,000 while taxpayer barbara pays tax of $12,000 on $120,000. the tax is a progressive tax. proportional tax. regressive tax. none of the above.
Answers (1)
What are each individual's opportunity costs of producing fish and rabbit? Which person has an absolute advantage in producing fish and rabbit? Which person has a comparative advantage in producing fish and rabbit?
Answers (1)
Suppose you decided to open a copy store. You rent store space (signing a one year lease), and you take out a loan at the local bank and use the money to purchase 10 copiers.
Answers (1)