Business, 19.07.2019 18:20 rex12388

Problem 2–16 plantwide predetermined overhead rates; pricing lo2–1, lo2–2, lo2–3 landen corporation uses a job-order costing system. at the beginning of the year, the company made the following estimates: during the year, job 550 was started and completed. the following information is available with respect to this job: required: 1. assume that landen has historically used a plantwide predetermined overhead rate with direct labor-hours as the allocation base. under this approach: a. compute the plantwide predetermined overhead rate. b. compute the total manufacturing cost of job 550. c. if landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for job 550? 2. assume that landen’s controller believes that machine-hours is a better allocation base than direct labor-hours. under this approach: a. compute the plantwide predetermined overhead rate. b. compute the total manufacturing cost of job 550. c. if landen uses a markup percentage of 200% of its total manufacturing cost, what selling price would it establish for job 550? 3. assume that landen’s controller is right about machine-hours being a more accurate overhead cost allocation base than direct labor-hours. if the company continues to use direct labor-hours as its only overhead cost allocation base what implications does this have for pricing jobs such as job 550?

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:30

1. gar principles or "the principles"are intended to do what?

Answers: 2

Answer

Business, 22.06.2019 07:40

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

Answers: 1

Answer

Business, 22.06.2019 13:00

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators

Answers: 1

Answer

Business, 22.06.2019 13:00

Amajor advantage of case studies is

Answers: 2

Answer

You know the right answer?

Problem 2–16 plantwide predetermined overhead rates; pricing lo2–1, lo2–2, lo2–3 landen corporation...

Questions