The balance sheet represents the accounting equation. a. True ...

[khang]

The balance sheet represents the accounting equation.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

For Department A, the manufacturing overhead allocation rate is ________.
 
  Apple Valley Corporation uses a job cost system and has two production departments, A and B. Budgeted manufacturing costs for the year are:
 
   Department A Department B
   Direct materials 700,000 100,000
   Direct manufacturing labor 200,000 800,000
   Manufacturing overhead 600,000 400,000
 
  The actual material and labor costs charged to Job 432 were as follows:
 
   Total
   Direct materials: 25,000
   Direct labor:
   Department A  8,000
   Department B 12,000
   20,000
 
  Apple Valley applies manufacturing overhead costs to jobs on the basis of direct manufacturing labor cost using departmental rates determined at the beginning of the year.
 
  A) 33
  B) 66
  C) 300
  D) 100

[ynlevi]

Answer to Question 1

True

Answer to Question 2

Answer: C

[khang]

Gracias!

[chereeb]

Excellent