A company incurred 30,000 of common fixed costs and 40,000 of common variable costs. These...
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Accounting
A company incurred 30,000 of common fixed costs and 40,000 of common variable costs. These costs are to be allocated to Departments X and Y. Data on capacity provided and capacity used are as follows: Capacity Provided (in Hours) X-100, Y-300; Capacity Used (in Hours) X-100, Y-300. Assume that common fixed costs are to be allocated to Departments X and Y on the basis of capacity provided and that common variable costs are to be allocated to Departments X and Y on the basis of capacity used. The fixed and variable costs allocated to Department X are Select one: a. FC-15,000; VC-7,500 b. FC-7,500; VC-10,000 c. cannot be determined d. FC-10,000; VC-17,500 e. FC-17,500; VC-15,000
A company incurs prime cost of $50000 and 4000 machine hours for producing product. $20000 is the budgeted overhead for the production. If the company uses overhead rate of $2 per machine hour, Companys overhead applied to product are
Select one:
a. Cannot be determined
b. $8000
c. $50000
d. $58000
e. $42000
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