Question HelpGardi Manufacturing uses normal costing for its job-costingsystem, which has two direct-cost categories...
Gardi Manufacturing uses normal costing for its job-costing system, which has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost category (manufacturing overhead). The following information is obtained for 2017.
-Total manufacturing costs, $8,350,000
- Manufacturing overhead allocated, $4,100,000 (allocated at rate of $250% of direct manufacturing labor costs)
- Work in process inventory on January 1, 2017, $350,000
- Cost of finished goods manufactured, $7,949,000
1. Use information in the first to bullet points to calculate (a) direct manufacturing labor costs in 2017 and (b) cost of direct materials used in 2017.
2. Calculate the ending work in process inventory on December 31, 2017
Homework Answers
1a) Direct manufacturing labor cost = 4100000/2.5 = 1640000
1b) Direct material used = 8350000-4100000-1640000 = 2610000
1c) Ending work in process = 350000+8350000-7949000 = 751000
Add Answer to:
Question HelpGardi Manufacturing uses normal costing for its job-costingsystem, which has two direct-cost categories...
Gatti Manufacturing uses normal costing for its job-costing system, which has two direct-cost categories (direct materials...
Gatti Manufacturing uses normal costing for its job-costing system, which has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost category (manufacturing overhead). The following information is obtained for 2017: Total manufacturing costs, $ 8,100,000$ times • Manufacturing overhead allocated, $3,600,000(allocated at a rate of 250% of direct manufacturing labor costs) times • Work-in-process inventory on January 2017,$400,000 times • Cost of finished goods manufactured, $8,040,000 1. Use information in the first two bullet points to calculate...
Gatti Manufacturing uses normal costing for its job-costing system, which has two direct-cost categories (direct materials...
Gatti Manufacturing uses normal costing for its job-costing system, which has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost category (manufacturing overhead). The following information is obtained for 2017: (Click the icon to view the data.) Requirements 1. Use information in the first two bullet points to calculate (a) direct manufacturing labor costs in 2017 and (b) cost of direct materials used in 2017. Calculate the ending work-in-process inventory on December 31, 2017 Requirement 1. Use...
Dole Transport assembles prestige manufactured homes. Its job costing system has two direct cost categories (direct...
Dole Transport assembles prestige manufactured homes. Its job costing system has two direct cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead allocated at a budgeted 521 per machine hour in 2017). The following data (in millions) show operation costs for 2017: (Click the icon to view the operations data (in milions) Read the requirements Requirement 1. Identify the components of the overview diagram of Dole Transport's job-costing syster. А } B } D 1...
Dole Transport assembles prestige manufactured homes. Its job costing system has two direct-cost categories (direct materials...
Dole Transport assembles prestige manufactured homes. Its job costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead allocated at a budgeted $21 per machine-hour in 2017). The following data (in millions) show operation costs for 2017: (Click the icon to view the operations data (in millions). Read the requirements Requirement 1. Identify the components of the overview diagram of Dole Transport's job-costing system. } A B A B с С D...
Destin Products uses a job-costinf system with two direct cost categories (direct materials and direct manufacturing...
Destin Products uses a job-costinf system with two
direct cost categories (direct materials and direct manufacturing
labor) and one manufacturing overhead cost pool Destin allocates
manufacturing overhead costs using direct manufacturing labor
costs. Destin proves the following information in the photo
.
1. Compute the actual and budgeted manufacturing
overhead rates for 2017.
2. During March, the job cost record for Job 626 contained the
following information:
Direct materials
used
$40,000
Direct manufacturing
labor costs $35,000
Compute the...
Harmony Inc. uses a job-costing system with two direct cost categories (direct materials and direct manufacturing...
Harmony Inc. uses a job-costing system with two direct cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Harmony allocates manufacturing overhead costs using direct material costs. Harmony provides the following information: Overhead is allocated at $3/direct material dollar Question: How much overhead is allocated to jobs during 20X1? Budget for 20x1 Actual Results for 20X1 Direct Materials Cost $1,500,000 $1,900,000 Direct Ming Labor Cost $1,500,000 $1,450,000 Ming Overhead Cost $4,500,000 $3,355,000 Direct Ming Labor...
Folders the line below are the Inbox 31 du/coronavirus-covid:19 Drafts 1 Garlick Manufacturing uses normal costing...
Folders the line below are the Inbox 31 du/coronavirus-covid:19 Drafts 1 Garlick Manufacturing uses normal costing for his job-casting system, which has two direct-cost categories (direct materials and direct manufacturing labor) and one Indirect cost category manufacturing overhead. The following information is obtained for 2020 (Cick the icon to view the data) Requirements 1. Use information in the first two bulet points to calculate (a) direct manufacturing labor coth in 2020 and (b) cost of direct materials used in 2020...
Huckvale Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct...
Huckvale Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct cost categories direct materials and direct manufacturing laborand one Indirect cost pool, manufacturing overhead costs. It provides the following information about manufacturing overhead costs for 2020 (Click the icon to view the manufacturing overhead cost information for 2020.) The following information is available as of December 31, 2020 (Click the icon to view the information.) Requirement Calculate the underallocated or overallocated manufacturing overhead at...
Janes Corporation manufacturos custom cabinets for kitchens. It uses a normal-costing system with two direct-cost categories...
Janes Corporation manufacturos custom cabinets for kitchens. It uses a normal-costing system with two direct-cost categories direct materials and direct manufacturing laborand one indirect-cost pool, manufacturing overhead costs. It provides the following information for 2020: (Click the icon to view the information for 2020.) Read the requirement. Begin by calculating allocation base is a je the cost X Data Table indirect cost rate $ Now calculate the Budgeted manufacturing overhead costs Budgeted direct manufacturing labor-hours Actual manufacturing overhead costs Actual...
Question 5 6 pts Harmony Inc. uses a job-costing system with two direct cost categories (direct...
Question 5 6 pts Harmony Inc. uses a job-costing system with two direct cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Harmony allocates manufacturing overhead costs using direct labor costs. Harmony provides the following information: Overhead is allocated at $3/direct labor dollar. Question: How much overhead is allocated to jobs during 20X1? Budget for 20x1 Actual Results for 20X1 Direct Materials Cost $3,120,000 $1,900,000 Direct Ming Labor Cost $1,500,000 $1,450,000 Ming Overhead Cost $4,500,000...
Gatti Manufacturing uses normal costing for its job-costing system, which has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost category (manufacturing overhead). The following information is obtained for 2017: (Click the icon to view the data.) Requirements 1. Use information in the first two bullet points to calculate (a) direct manufacturing labor costs in 2017 and (b) cost of direct materials used in 2017. Calculate the ending work-in-process inventory on December 31, 2017 Requirement 1. Use...
Dole Transport assembles prestige manufactured homes. Its job costing system has two direct cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead allocated at a budgeted 521 per machine hour in 2017). The following data (in millions) show operation costs for 2017: (Click the icon to view the operations data (in milions) Read the requirements Requirement 1. Identify the components of the overview diagram of Dole Transport's job-costing syster. А } B } D 1...
Dole Transport assembles prestige manufactured homes. Its job costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead allocated at a budgeted $21 per machine-hour in 2017). The following data (in millions) show operation costs for 2017: (Click the icon to view the operations data (in millions). Read the requirements Requirement 1. Identify the components of the overview diagram of Dole Transport's job-costing system. } A B A B с С D...
Destin Products uses a job-costinf system with two
direct cost categories (direct materials and direct manufacturing
labor) and one manufacturing overhead cost pool Destin allocates
manufacturing overhead costs using direct manufacturing labor
costs. Destin proves the following information in the photo
.
1. Compute the actual and budgeted manufacturing
overhead rates for 2017.
2. During March, the job cost record for Job 626 contained the
following information:
Direct materials
used
$40,000
Direct manufacturing
labor costs $35,000
Compute the...
Harmony Inc. uses a job-costing system with two direct cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Harmony allocates manufacturing overhead costs using direct material costs. Harmony provides the following information: Overhead is allocated at $3/direct material dollar Question: How much overhead is allocated to jobs during 20X1? Budget for 20x1 Actual Results for 20X1 Direct Materials Cost $1,500,000 $1,900,000 Direct Ming Labor Cost $1,500,000 $1,450,000 Ming Overhead Cost $4,500,000 $3,355,000 Direct Ming Labor...
Folders the line below are the Inbox 31 du/coronavirus-covid:19 Drafts 1 Garlick Manufacturing uses normal costing for his job-casting system, which has two direct-cost categories (direct materials and direct manufacturing labor) and one Indirect cost category manufacturing overhead. The following information is obtained for 2020 (Cick the icon to view the data) Requirements 1. Use information in the first two bulet points to calculate (a) direct manufacturing labor coth in 2020 and (b) cost of direct materials used in 2020...
Huckvale Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct cost categories direct materials and direct manufacturing laborand one Indirect cost pool, manufacturing overhead costs. It provides the following information about manufacturing overhead costs for 2020 (Click the icon to view the manufacturing overhead cost information for 2020.) The following information is available as of December 31, 2020 (Click the icon to view the information.) Requirement Calculate the underallocated or overallocated manufacturing overhead at...
Janes Corporation manufacturos custom cabinets for kitchens. It uses a normal-costing system with two direct-cost categories direct materials and direct manufacturing laborand one indirect-cost pool, manufacturing overhead costs. It provides the following information for 2020: (Click the icon to view the information for 2020.) Read the requirement. Begin by calculating allocation base is a je the cost X Data Table indirect cost rate $ Now calculate the Budgeted manufacturing overhead costs Budgeted direct manufacturing labor-hours Actual manufacturing overhead costs Actual...
Question 5 6 pts Harmony Inc. uses a job-costing system with two direct cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Harmony allocates manufacturing overhead costs using direct labor costs. Harmony provides the following information: Overhead is allocated at $3/direct labor dollar. Question: How much overhead is allocated to jobs during 20X1? Budget for 20x1 Actual Results for 20X1 Direct Materials Cost $3,120,000 $1,900,000 Direct Ming Labor Cost $1,500,000 $1,450,000 Ming Overhead Cost $4,500,000...
Most questions answered within 3 hours.
-
How are the concepts of microevolution and macroevolution
linked?
asked 5 minutes ago -
Two vectors, given in unit vector notation, are A = 5i + 4j + 3k
and...
asked 8 minutes ago -
Let C = (2.25 m, 15 ∘ above the negative x-axis) and D = (30.6
m,...
asked 21 minutes ago -
Use the following information to answer the question:
Coupon Rate = 6% Face Value = $1,000...
asked 16 minutes ago -
Based on the assigned readings, complete this sentence: “Mutual
respect and understanding are built one _____...
asked 8 minutes ago -
complete the problem and solution paragraph below, include 2-3
causes and 2-3 solutions for them.
remember...
asked 29 minutes ago -
Find the magnetic field (in cylindrical coordinates) both inside
and outside of a very long cylindrical...
asked 13 minutes ago -
of the following statements below is/are an example of a
normative statement?
I. The water shortage...
asked 22 minutes ago -
Carbon disulfide is prepared by heating sulfur and charcoal. The
chemical equation is
S2(g)+C(s)−⇀↽−CS2(g) Kc=9.40 at...
asked 27 minutes ago -
I was looking for help with a computer science c programming
class. not c++
This program...
asked 53 minutes ago -
Albinism is an autosomal recessive condition characterized by
absence of melanin pigment from the skin, eye...
asked 43 minutes ago -
Suppose you're looking at a physics example online, and come
across this expression in the middle...
asked 51 minutes ago