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6) At the beginning of the current year CC Company estimated the following costs: Direct materials...
CR Company has the following estimated costs for the next year: Direct materials Direct labour Rent...
CR Company has the following estimated costs for the next year: Direct materials Direct labour Rent on factory building Sales salaries Depreciation on factory equipment Indirect labour Production supervisor's salary $ 4,000 20,000 15,000 25,000 8,000 10,000 12,000 CR Company estimates that 20,000 labour hours will be worked during the year. If overhead is applied on the basis of direct labour hours, the overhead rate per hour will be?
company has the following estimated costs for 2014 Direct materials &
company has the following estimated costs for 2014 Direct materials 25,000 Advertising expense 15,000 Rent on factory building 13,000 Rent on office building 8,000 Direct labor 22,000 Depreciation on factory equipment 6,000 Indirect materials 10,000 Sales salaries 28,000 Insurance on factory equipment 12,000 Indirect labor 5,000 Property taxes on factory building 10,000 Property taxes on office building 10,000 company estimates that 32,000 direct labor hours and 20,000 machine hours will be worked during...
Inections Loring Company incurred the following costs Last year Costs Amounts Direct materials $212.000 Factory rent...
Inections Loring Company incurred the following costs Last year Costs Amounts Direct materials $212.000 Factory rent 22.000 Direct Labor 122.000 8.900 Factory sites Supervision in the factory Indirect labor in the factory Depreciation on factory equipment Sales commissions Sales salaries 55,000 28,000 6,000 20,000 85,000 34.000 10.800 25.000 168.000 27.000 Advertising Depreciation on the headquarters building Salary of the corporate receptionist Other administrative costs Salary of the factory receptionist Required 1. Classify each of the costs using the table provided...
Goodin Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to...
Goodin Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs at the beginning of the year: Direct materials $ 6,000 Direct labor $ 20,000 Rent on factory building $ 15,000 Sales salaries $ 25,000 Depreciation on factory equipment $ 8,000 Indirect materials $ 2,000 Production supervisor's salary $ 15,000 Advertising $ 49,000 Goodin estimates that 20,000 direct labor-hours will be worked during the upcoming year....
6-Estimated data for Lorien Company for Year 1 are as follows: Direct materials to be purchased.........................................................
6-Estimated data for Lorien Company for Year 1 are as follows: Direct materials to be purchased...................................................... $35,000 Indirect labor.......................................................................................... 10,000 Wages of janitors in corporate office building................................. 47,000 Factory building rent............................................................................. 60,000 Depreciation on production equipment............................................. 20,000 Administrative office supplies............................................................. 25,000 Estimated direct labor hours: 40,000 hours Actual data for Year 1 are as follows: Total manufacturing overhead: $110,000 Direct labor hours: 35,000 hours The predetermined manufacturing overhead rate is determined on the basis of direct labor hours. Which ONE...
) At the beginning of the current year, Mark Products had the following inventory amounts on...
) At the beginning of the current year, Mark Products had the following inventory amounts on its balance sheet: Raw materials $12,000 Work in process 20,000 Finished goods 35,000 Marks Products estimated that it would incur $60,000 in manufacturing overhead during the year, and that it would operate at a level of 15,000 direct labor hours. During the current year, the following transactions were completed: A. Purchased raw material on account, $8,000. B. Raw materials were issued to production, $16,000. 90% of these materials were direct, and...
At the beginning of the current year, Mark Products had the following inventory amounts on its...
At the beginning of the current year, Mark Products had the following inventory amounts on its balance sheet: Raw materials $12,000 Work in process 20,000 Finished goods 35,000 Mark Products estimated that it would incur $60,000 in manufacturing overhead during the year, and that it would operate at a level of 15,000 direct labor hours. During the current year, the following transactions were completed: A. Purchased raw material on account, $8,000. B. Raw materials were issued to production, $16,000. 90% of these materials were direct, and 10%...
XYZ Company applies overhead to jobs using direct labor cost as an activity. For the current...
XYZ Company applies overhead to jobs using direct labor cost as an activity. For the current year, XYZ's estimated overhead was $600,000 and estimated direct labor cost was $240,000. Actual overhead costs for the year totaled $640,000 and actual direct labor costs for the year were $250,000. For the year, overhead was: over-applied by $40,000 O over-applied by $15,000 over-applied by $10,000 under-applied by $40,000 under-applied by $15,000 under-applied by $10,000 O none of the above choices are correct Shown...
Zanny Moldings has the following estimated costs for the upcoming year Direct materials used 25.700 Direct...
Zanny Moldings has the following estimated costs for the upcoming year Direct materials used 25.700 Direct labor costs 562.100 Salary of factory supervisor Advertising pense $33,100 Healing and lighting costs for factory Depreciation on factory wpment Bascos The company emates that 1.000 direct labor hours will be worked in the upcoming year whe2. 100 machine hours wil bewed during the year. The predetermined mandachung overhead per machine horisotto O A $31 OB. $51. OG $13 OD. $90
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required...
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of S150 per direct labor-hour. The company incurred actual manufacturing overhead costs of $180,000 and it actually worked 20,000 direct labor hours during the period, Assume that Job X used 20 direct labor-hours. How much manufacturing overhead would be...
CR Company has the following estimated costs for the next year: Direct materials Direct labour Rent on factory building Sales salaries Depreciation on factory equipment Indirect labour Production supervisor's salary $ 4,000 20,000 15,000 25,000 8,000 10,000 12,000 CR Company estimates that 20,000 labour hours will be worked during the year. If overhead is applied on the basis of direct labour hours, the overhead rate per hour will be?
Inections Loring Company incurred the following costs Last year Costs Amounts Direct materials $212.000 Factory rent 22.000 Direct Labor 122.000 8.900 Factory sites Supervision in the factory Indirect labor in the factory Depreciation on factory equipment Sales commissions Sales salaries 55,000 28,000 6,000 20,000 85,000 34.000 10.800 25.000 168.000 27.000 Advertising Depreciation on the headquarters building Salary of the corporate receptionist Other administrative costs Salary of the factory receptionist Required 1. Classify each of the costs using the table provided...
XYZ Company applies overhead to jobs using direct labor cost as an activity. For the current year, XYZ's estimated overhead was $600,000 and estimated direct labor cost was $240,000. Actual overhead costs for the year totaled $640,000 and actual direct labor costs for the year were $250,000. For the year, overhead was: over-applied by $40,000 O over-applied by $15,000 over-applied by $10,000 under-applied by $40,000 under-applied by $15,000 under-applied by $10,000 O none of the above choices are correct Shown...
Zanny Moldings has the following estimated costs for the upcoming year Direct materials used 25.700 Direct labor costs 562.100 Salary of factory supervisor Advertising pense $33,100 Healing and lighting costs for factory Depreciation on factory wpment Bascos The company emates that 1.000 direct labor hours will be worked in the upcoming year whe2. 100 machine hours wil bewed during the year. The predetermined mandachung overhead per machine horisotto O A $31 OB. $51. OG $13 OD. $90
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of S150 per direct labor-hour. The company incurred actual manufacturing overhead costs of $180,000 and it actually worked 20,000 direct labor hours during the period, Assume that Job X used 20 direct labor-hours. How much manufacturing overhead would be...
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