Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. grey company small motor repair uses normal costin

Grey Company Small Motor Repair uses normal costing and job-order costing. The companys direct materials...

90.2K

Verified Solution

Question

Accounting

Grey Company Small Motor Repair uses normal costing and job-order costing. The companys direct materials consist of replacement parts for a variety of lawn and garden machines and its direct labor consists of the mechanics hourly wages. Greys overhead costs are applied based on direct labor hours.

At the beginning of the year, Grey developed a predetermined overhead rate of $20 per direct labor hour. At the end of the year, its records indicated that it has paid $343,980 for overhead and employed its mechanics for 8,190 direct labor hours.

During the year, Mr. Coloumb brought his lawnmower in to be repaired. The following information is available with respect to his repair:

Direct materials: $65
Direct labor: $40
Direct labor hours used: 2 dlh

What was the total cost to repair Mr. Coloumbs lawnmower?

Multiple Choice

  • $344,085

  • $145

  • $905

  • $189

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

Q

usto A 3 F capacitor is charged to a potential of 300 V and 2...

Physics
Q

Find the solution of linear equation using matrix and deter minants 6X 5jx x3 X4...

Basic Math
Q

What is Dansby Swanson s slugging average slugging percentage with the following statistics if he...

Basic Math
Q

4 Composition of functions For each of the following pairs of functions f and g...

Basic Math
Q

What conditions would produce a negative z score Choose the correct answer below A a...

Statistics
Q

Refer to the accompanying scatterplot a Examine the pattern of all 10 points and subjectively...

Statistics
Q

In Silicon Valley a number of computer firms were found to be contaminating underground water...

Calculus
Q

Apply the three step method to compute the derivative of f x 2x f x

Calculus
Q

Apex Company prepared the statement of cash flows for the current year that is shown...

Accounting
Q

thanks in advance please provide answer as early as possible why is it...

Accounting
Q

P5.12 L&G Inc., a retailer of garden tools that follows ASPE, had the following statements...

Accounting
Q

B, C, and D are in partnership and share profit and losses in the ratios...

Accounting