38 Use the following data to compute total factory overhead costs for the month: Sales commissions Direct labor Indirect materials Factory utilities Indirect labor Direct materials Corporate office salaries $ 12,100 40,900 16,500 10,300 14,800 41,800 13 899a

38 Use the following data to compute total factory overhead costs for the month: Sales commissions Direct labor Indirect materials Factory utilities Indirect labor Direct materials Corporate office salaries $ 12,100 40,900 16,500 10,300 14,800 41,800 13 899a

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Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter10: Accounting Systems For Manufacturing Operations

Section: Chapter Questions

Problem 10.11E

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Use the following data to compute total manufacturing costs for the month: Sales commissions Direct labor Indirect materials Factory utilities Indirect labor Depreciation-office equipment Direct materials Corporate office salaries Depreciation-factory equipment Multiple Choice $155,500. $136,100. $52,400. $ 12,600 41,400 17,000 10,800 15,300 6,800 42,300 44,300 9,300 < Prev Q Search 9 of 39
ParticularsAmountDirect materialR12Direct laborR50Variable manufacturing overheadR6.50Fixed manufacturing overhead (R81,000/2,550 units)R31.76Unit product cost for the month under absorption costingR100.26 Prepare an income statement for the month using the Marginal costing method
geNOWv2 | Online teachin X + n/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... A Factory Overhead Costs Instructions Chart of Accounts Journal T Instructions During May, Lockmiller Company incurred factory overhead costs as follows: indirect materials, $34,500; indirect labor, $80,700; utilities cost, $13,400; and factory depreciation, $47,600. Required: Journalize the entry to record the factory overhead incurred as of May 30. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. I Previous a C Next 20
The T-account showing the manufacturing overhead activity for Kenneth Corp. for 2018 is as follows: Manufacturing Overhead 210,000 196,000 Read the requirements. Requirement 1. What is the actual manufacturing overhead? Actual manufacturing overhead: S Requirement 2. What is the allocated manufacturing overhead? Allocated manufacturing overhead: S Requirement 3. Is manufacturing overhead underallocated or overallocated? By how much? Manufacturing overhead is by $
services SQU Libraries SQU Portal Attendance English (en O b. OMR605 O c. OMR545 O d. OMR635 O e. OMR575 XYZ Company provided the following information regarding Product XY: Direct material costs OMR3 per unit of product; Direct labor costs OMR5 per direct labor hour; Predetermined overhead rate OMR10 per direct labor hour. The cost of a job for 550 units of product XY, which uses a total of 100 direct labor hours, is: Select one: Oa. OMR5,400 Ob. OMR3,300 Oc. OMR3,150 Od. None of the answers given e. OMR9,900 Total manutacturing costs assioned inclucted 10 units heom ofs tota mana
ParticularsAmountDirect materialR12Direct laborR50Variable manufacturing overheadR6.50Unit product cost for the month under marginal costingR68.50 Prepare an income statement for the month using the Marginal costing method.
ord Applicati... WP WileyPLUS B Bloomberg for Edu... 02:40:21 Mc Graw Hill x 9 Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $300,000, and direct labor costs to be $150,000. Actual overhead costs for the year totaled $330,000, and actual direct labor costs totaled $170,000. At year-end, the balance in the Factory Overhead account is a: F1 Multiple Choice $330,000 Debit balance. $170,000 Debit balance. $10,000 Credit balance. $340,000 Credit balance. F2 < Prev Saved F3 39 of 50 ㅊ DII F4 Frontline - Sign In R myRutgers Portal ⠀ Next Help F5 Save & Exit DOLL Submit O
Job order cost; journal entries; profit analysisSpokane Manufacturing Co. obtained the following informationfrom its records for the month of July: Jobs Completed and Sold230 320 560Direct materials cost . . . . . . . . . . . . . . . . . . $ 25,000 $ 15,000 $ 29,000Direct labor cost ...................... 70,000 60,000 55,000Factory overhead . . . . . ................ 50,000 40,000 63,000Units manufactured . . . . . . . . . . . . . . . . . . . 10,000 5,000 14,000Selling price .......................... 152,000 120,000 175,250Required:1. Prepare, in summary form, the journal entries that wouldhave been made during the month to record the distributionof materials, labor, and overhead costs; the completion of thejobs; and the sale of the jobs.2. Prepare schedules showing the gross profit or loss for Julyfor the following:a. The business as a whole.b. Each job completed and sold.c. Each unit manufactured and sold. (Round to the nearestcent.)
services XYZ industries applies overhead based on direct labor cost. The following information was available for the last year: Actual manufacturing overhead OMR50,000; Underapplied manufacturing overhead OMR10,400; Actual Prime cost OMR52,000; Actual Direct material cost OMR19,000; Estimated direct labor cost OMR41,000 overhead for the year? What was the estimated man turi Select one: O a. OMR49,200 O b.OMR39,600 O c. None of the answers given O d. OMR46,800 e OMRS1,600 ge Next page
ageNOWv2 | Online teachin X + m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... A € When Job 117 was completed, direct materials totaled $9,518; direct labor, $14,467; and factory overhead, $14,085. A total of 2,115 units were produced at a per-unit cost of Oa. $38,070 Ob. $2,115 Oc. $18 Od. $23.985 8:2 O J i I' C 5/2
- ok k int ences w 3 E Overhead information for Cran-Mar Company for October follows: Total factory overhead cost incurred Budgeted fixed factory overhead cost Total standard overhead rate per machine hour (MH) D Standard variable factory overhead rate per MH Standard MHS allowed for the units manufactured here to search Required: 1. What is the standard fixed factory overhead rate per machine hour (MH)? 2. What is the denominator activity level that was used to establish the fixed factory overhead application rate? 3. Two-way analysis (breakdown) of the total factory overhead cost variance: calculate the following factory overhead cost variances for October and indicate whether each variance is favorable (F) or unfavorable (U). a. Total flexible-budget variance. b. Production volume variance. c. Total overhead cost variance. 4. Calculate the production volume variance and indicate whether the variance is favorable (F) or unfavorable (U). Complete this question by entering your answers…
Waterford Applicati... WP WileyPLUS B Bloomberg for Edu... Exam Ili C 38 02:40:45 Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&ext... 57x Multiple Choice Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $198,000 of raw materials on credit, issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period is: O $440,000. $470,000. $500,000. $570,000. Saved L Help Save & Exit Su DOLL