Explain hours would be required to manufacture units
It took a contractor 1285 hours to manufacture their first unit of an item. If the contractor expects to achieve a 92% unit learning curve, how many hours would be required to manufacture units 51-100?
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It took a contractor 1285 hours to manufacture their first unit of an item. If the contractor expects to achieve a 92% unit learning curve, how many hours would be required to manufacture units 51-10
If you were a small business owner would you implement an activity-based costing system. What potential benefits or pitfalls do you foresee?
The company uses a predetermined overhead rate to apply overhead cost to jobs. The rate for the year was $5 per machine hour; a total of 10,000 machine hours was recorded for the year.
Custom Metal Works produces castings and other metal parts to customer specifications. The company uses a job-order costing system and applies overhead costs to jobs on the basis of machine-hours.
Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journal entries to these T-accounts.
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