Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 46,000 direct labor-hours, total fixed manufacturing overhead cost of $322,000, and a variable manufacturing overhead rate of $4.80 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data: Total direct labor-hours 400Direct materials $ 800Direct labor cost $ 6,300Required:Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%. Selling price per Unit____________
Describe why the traditional line-item budgeting is the best for…
Describe why the traditional line-item budgeting is the best for local governments and explain why?