Here are selected basic data for Wilson Company: Estimated manufacturing $243,750 Factory utilities $30,900 overhead Estimated labor hours 35,000 Indirect labor $22,600 Actual direct labor hours Estimated direct labor cost Actual direct labor cost 36,000 Sales commissions $54,600 $325,000 Factory rent $47,800 $320,000 Factory property $28,700 taxes Factory depreciation $65,600 Indirect materials $33,300 If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs? a. $173,000 b. $283,500 c. $228,900 d. $260,900

Define the term lnvesting activities? Explain with an example?

Define benchmarking

ABC Co. have 1,000 kg of high quality iron ore stock in a warehouse that has been sitting there for well over 4 months. A recent quote from a scrap merchant offered about P2,200 for the entire lot about 2 weeks ago. The historical value of stock using FIFO basis is P5,750. The iron ore stock could also be used on a current batch of goods ABC are working on which would require the full amount of 1,000 kgs, but the batch does only need to use a lower quality of iron. This can be smelted down and used for manufacturing water cans, which have the following cost information. Selling price              15.00 Iron ore (2kg)             (9.00) Labour         (4.00) Contribution        2.00 Fixed overhead          (1.00) Profit      1.00   High quality iron ore can be currently purchased for P4.75 per kg. The price per kg above is the current market price for cheap iron ore. A customer in desperate need for this stock rings up ABC and frantically offers…