Tony Worked 48 Hours Last Week for Bread Works Manufacturing

question 55

Multiple Choice

Tony worked 48 hours last week for Bread Works Manufacturing.Of the 48 hours 5 hours were considered overtime,and also Tony was idle for 4 of the 48 hours due to an equipment malfunction.Tony makes $50 per hour and is paid $75 an hour (time and a half) for overtime.Tony's total compensation for that week would be ________,and assuming Bread Works charges overtime premium and idle time to indirect labor,the amount of this compensation credited to indirect labor would be ________.

• A) $2,950; $325
• B) $2,900; $280
• C) $2,750; $300
• D) $2,500; $350

Analyze the impact of cost assignment methods on income statements under different costing methods.

Calculate production cost per unit, ending inventory costs under both variable and absorption costing.

Compute and analyze manufacturing margin, contribution margin, and gross margin for decision making.

Understand the concept of fixed and variable costs and their impact on cost accounting.

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Definitions:

Unequal Status

A relationship or situation where individuals or groups have different levels of power, privileges, or access to resources.

Antagonistic Groups

Groups that exhibit opposition, hostility, or competition towards each other within a social or organizational context.

Compromising

A conflict resolution strategy where parties involved make concessions to reach a mutually acceptable agreement.

Integrating

The process of combining two or more things to form a coherent or unified whole.