ACCT 2101 Study Guide - Midterm Guide: Direct Labor Cost, Contribution Margin, Management Accounting
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Factory property tax (real estate, not income tax) A business that makes sales providing a very high gross margin and fewer fixed costs and variable costs has much leverage. Product cost period cost: yes no, yes yes, no yes, no no, n company has beginning and ending raw materials inventories of ,000 and ,000, respectively. Acct 2101 exam super guide: j company applies overhead on the basis of 200% of direct labor cost. 501 is charges with ,000 of direct materials and ,000 of manufacturing overhead. The total manufacturing costs for job # 501 is: ,000, ,000, ,000, ,000, the e company uses a predetermined overhead rate of per direct labor hour. In december, actual overhead amounted to ,000 and actual direct labor hours were 132,000. The following information is taken from coumes co. "s year 1 contribution income statement: Shaw co. had variable costs of 25% of sales, and fixed costs of ,000.
