A company has two production cost centres, M and L M absorbs overheads on the basis of machine Labsorbs overheads on the basis of labour hours. The following information is available for the next Cost centre Allocated and apportioned production overheads $400,000 Direct labour hours 50,000 Machine hours 80,000 M Job ABC will require four machine hours and three labour hours in each of the two production cost c How much production overhead will be absorbed by job ABC? O $31 O $44 $32 $64 $600,000 150,000 30,000
A company has two production cost centres, M and L M absorbs overheads on the basis of machine Labsorbs overheads on the basis of labour hours. The following information is available for the next Cost centre Allocated and apportioned production overheads $400,000 Direct labour hours 50,000 Machine hours 80,000 M Job ABC will require four machine hours and three labour hours in each of the two production cost c How much production overhead will be absorbed by job ABC? O $31 O $44 $32 $64 $600,000 150,000 30,000
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 9EB: A new company started production. Job 1 was completed, and Job 2 remains in production. Here is the...
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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