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Two Stages. First stage, costs are assigned to pools based on the activities that causes the costs to be incurred. Second stage, the costs in the activity cost pools are allocated to products using a variety of cost drivers.
23 hours ago · During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 for general factory use. In addition, factory overhead charged to production was $32,000. The entry to record the direct labor costs is.
23 hours ago · Study with Quizlet and memorize flashcards containing terms like Which of the following statements is/are true about cost-volume-profit (CVP) analysis?, Revenue - Variable Costs - Fixed Costs =, The slope of the total cost line of a cost-volume-profit graph equals and more.
23 hours ago · sales - variable costs = contribution margin - fixed costs = net income. A company produces a product with a contribution margin per unit of $36. If the company incurs $62,000 in total fixed costs, expects to sell 2,500 units, and has a tax rate of 35%, the pre-tax income is $. 28000.
23 hours ago · The average cost to hire a criminal defense lawyer in Tucson ranges from $200 to $300 per hour. The total price you pay depends on how many hours an attorney must devote to your case.
23 hours ago · actual costing. Click the card to flip 👆. a costing system that traces direct costs to a cost object by using the actual direct-cost rate times the actual quantities of the direct-cost inputs and allocates indirect costs based on the actual indirect-cost rates times the actual quantities of the cost allocation bases. 1 / 20. Flashcards. Learn.
GAAP requires companies to report inventory (Select all that apply.) a. using either the LIFO or FIFO method. b. at the lower of cost or market value for companies using FIFO. c. at the lower of cost or market value for companies using LIFO. d. at the lower of cost and net realizable value for companies using FIFO.
