Bismite Corporation purchases trees from Cheney lumber and p…
Bismite Corporation purchases trees from Cheney lumber and processes them up to the split-off point where two products (paper and pencil casings) emerge from the process. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of October: Trees processed: 310 trees Production: paper 190,000 sheets pencil casings 190,000 Sales: paper 178,000 at $0.10 per page pencil casings 189,000 at $0.14 per casing The cost of purchasing 310 trees and processing them up to the split-off point to yield 190,000 sheets of paper and 190,000 pencil casings is $13,500. Bismite’s accounting department reported no beginning inventory. If the sales value at split-off method is used, what are the approximate joint costs assigned to ending inventory for paper? (Round intermediary percentages to the nearest hundredth.)
Read DetailsUse the following information to answer questions 12-15. R…
Use the following information to answer questions 12-15. Roberts Corporation manufactured 100,000 buckets during February. The overhead cost-allocation base is $5.00 per machine-hour. The following variable overhead data pertain to February: Actual Budgeted Production 100,000 units 100,000 units Machine-hours 9,800 hours 10,000 hours Variable overhead cost per machine-hour $5.25 $5.00 What is the actual variable overhead cost?
Read DetailsVraag 2 Thembi se ma wil ry om vars brood (fresh bread) by d…
Vraag 2 Thembi se ma wil ry om vars brood (fresh bread) by die bakkery te kry. Skryf vir haar die aanwysings (directions) om van haar huis tot by die bakkery te ry. Gebruik die oranje roete (orange route) vir jou aanwysings. (5)
Read DetailsBrown Corporation manufactured 3,000 chairs during June. The…
Brown Corporation manufactured 3,000 chairs during June. The following variable overhead data pertain to June: Budgeted variable overhead cost per unit $ 12.00 Actual variable manufacturing overhead cost $33,600 Flexible-budget amount for variable manufacturing overhead $36,000 Variable manufacturing overhead efficiency variance $720 unfavorable What is the variable overhead flexible-budget variance?
Read DetailsGlobal Manufacturing Inc. uses normal costing during the yea…
Global Manufacturing Inc. uses normal costing during the year to allocate manufacturing overhead to jobs in a job costing system. At year end, it uses the adjusted allocation rate approach to account for underallocated or overallocated overhead. During 2018, Global’s manufacturing overhead was underallocated by 10%. Job 117 had the following costs: Direct materials $1,600 Direct labor $3,400 Manufacturing overhead allocated $2,000 Which of the following would be the after adjustment cost of Job 117?
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