Q: According to the cost allocation methods used in the company's accounting system that are described in the Production Cost Report, if a company employs 100 PATs at a total labor cost of $8,000,000
(including wages, fringes, incentives, overtime, training, and severance expenses), assembles and ships 700,000 entry-level cameras and 300,000 multi-featured cameras over the course of a year, has revenues of $84 million from sales of entry level cameras, and revenues of $84 million from the sale of ...
A: the Production Cost Report, if a company employs 100 PATs at a total labor cost of $8,000,000 (including wages, fringes, incentives, overtime, training, and severance expenses), [ assembles and ships 700,000 entry-level cameras and 300,000 multi-featured cameras over the course of a year, has revenues of $84 million from sales of entry level cameras, and revenues of $84 million from the sale of
multi-featured cameras, then the total annual labor costs allocated to the assembly and shipment of entry-level cameras and the labor costs per entry-level camera assembled and shipped, respectively ]
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