Homework Answers
You have asked 4 different questions. We are supposed to answer only one question. So I am answering 1st question.
Per year premium = $3330/3 = $1110
Product cost = $1110*90% = $999
Period cost = $1110*10% =$111
Answer is option D.
Feel free to ask any queries..
Also plz upvote it means a lot.. thank you
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A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years...
A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years...
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A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three...
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PLEASE HELP! DUE IN FOUR HOURS ): Exercise 20-5 Pottery Ranch Inc. has been manufacturing its own finials for its curtai...
PLEASE HELP! DUE IN FOUR HOURS ):
Exercise 20-5
Pottery Ranch Inc. has been manufacturing its own finials for
its curtain rods. The company is currently operating at 100% of
capacity, and variable manufacturing overhead is charged to
production at the rate of 69% of direct labor cost. The direct
materials and direct labor cost per unit to make a pair of finials
are $3.89 and $5.00, respectively. Normal production is 26,600
curtain rods per year.
A supplier offers to...
A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $3,330 and is paid at the beginning of the first year. Ninety percent of the premium applies to manufacturing operations and ten percent applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage? 2:25 Period Product $3,330 $2,997 $1,998 $999 $333 $222 $111 Multiple Choice O Choice A 0 O...
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A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $3,600 and is paid at the beginning of the first year. Eighty percent of the premium applies to manufacturing operations and twenty percent applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage? Product Period $2,880 $720 $960 $240 Oo oo $1.920 $480 $3.600 $0
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Amirauit Manufacturing Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours ( M at $400 per MH During the month, the actual total variable manufacturing overhead was $18.040 and the actual level of activity for the period was 4100 MHs. What was the variable overhead rate variance for the month? Multiple Choice O $110 Favorable O 640 U vorable O $100 Favorite O $410 Unfavorable
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PLEASE HELP! DUE IN FOUR HOURS ):
Exercise 20-5
Pottery Ranch Inc. has been manufacturing its own finials for
its curtain rods. The company is currently operating at 100% of
capacity, and variable manufacturing overhead is charged to
production at the rate of 69% of direct labor cost. The direct
materials and direct labor cost per unit to make a pair of finials
are $3.89 and $5.00, respectively. Normal production is 26,600
curtain rods per year.
A supplier offers to...
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