Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cost acct crane, inc. applies overhead cost b

COST ACCT Crane, Inc. applies overhead cost based on direct...

80.2K

Verified Solution

Question

Accounting

COST ACCT
image
image
Crane, Inc. applies overhead cost based on direct labor hours in completing the 200 units in Job #120, the company incurred $12600 in direct materials and 540 direct labor hours at $16 per hour. The predetermined overhead rate is $5 per direct labor hour. What is the total cost of the units in job #120? $21240 $23940 $16800 $22240 Current Attempt in Progress Crane Company produces earrings, bracelets, and necklaces that are in high demand. Following is information for each of these products: Earrings Bracelets Necklaces $17.40 $25.00 $32.10 14.60 21.50 26.70 Selling price per item Variable cost per item Contribution margin per item Machine hours per item $2.80 $3.50 $5.40 0.50 100 1.20 Crane has 2000 machine hours available each month. Demand for each item exceeds Sienna's capacity to produce the item. In order to maximize the company's total contribution margin, in what sequence should Crane hill orders for the three products? Bracelets first, then earrings, then necklaces. Necklaces first, then bracelets, then earrings Earrings first, then necklaces, then bracelets Necklaces first, then earrings, then bracelets

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students