Rodney Marsh is paid $10 an hour for straight-time and $15 an hour for overtime.One week he worked 45 hours,which included 5 hours of overtime,and 3 hours of idle time caused by material shortages.Compensation would be reported as:
A) $445 of direct labour and $30 of manufacturing overhead
B) $420 of direct labour and $55 of manufacturing overhead
C) $450 of direct labour and $25 of manufacturing overhead
D) $370 of direct labour and $105 of manufacturing overhead
Correct Answer:
Verified
Q194: Conversion costs include all direct manufacturing costs.
Q235: Joseph Davis worked 44 hours last week
Q236: _ are commonly divided into many subclassifications.
A)Indirect
Q237: The contribution-margin format of the income statement:
A)calculates
Q238: Retail sector companies only hold two types
Q239: The gross-margin format of the income statement:
A)distinguishes
Q242: Operating profit is sales revenue minus cost
Q243: For service sector companies,period costs in the
Q244: Because there are no inventoriable costs for
Q245: Prime costs are all direct manufacturing costs.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents