Homework Answers
Variable cost per hour = 370,000/4100 = $90.24 per hour
Liner cost function: y = 120,000+90.24*Number of hours
b.Variable cost per hour = $90.24
c.Total variable cost = 7300*90.24 = $658,752
d.Total cost = 120,000 + 658,752
= $778,752
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14. High Tech Manufacturing Inc.,...
0.4 points Save Answer High Tech Manufacturing Inc, incurred total indirect manufacturing labor costs of $490,000....
0.4 points Save Answer High Tech Manufacturing Inc, incurred total indirect manufacturing labor costs of $490,000. The company is labor intensive. Total labor hours during the period were 4,100. Using qualitative analysis, the manager and the management accountant determine that over the period the Indirect manufacturing labor costs are mixed costs with only one cost driver-labor-hours. They separated the total indirect manufacturing labor costs into costs that are foed ($120,000 based on 8,600 hours of labor) and costs that are...
1) The Walden Manufacturing Corp. has office support salaries of $5,200, factory supplies of $2,300, indirect...
1) The Walden Manufacturing Corp. has office support salaries of $5,200, factory supplies of $2,300, indirect labor of $7,300, direct materials of $17,300, advertising expense of $3,800, office expense of $14,600, and direct labor of $21,600. What is the total period cost? 2) Jordan Sports Inc. has labor costs and overhead totaling $1.6 million during a given period. The company purchased $9.5 million of materials during the period and used $8.8 million of this amount. What is the amount of...
please show work or explain i dont just want answers im trying to figure out how...
please show work or explain i dont just want answers im trying
to figure out how to do the problems
Problem ward: 0.00 points Problems? Adiust credit for all students. 1-277 TB Problem Qu. 1-277 Learned Corporation has provided the following ... Learned Corporation has provided the following information: Cost per Period Cost per Unit $ 6.10 $ 4,15 $ 1.75 $ 27,600 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling...
Please show work. Thank you Group Problem 2 Predetermined Overhead Rate; Application of Overhead; Gersey Inc.,...
Please show work. Thank you
Group Problem 2 Predetermined Overhead Rate; Application of Overhead; Gersey Inc., which allocates all manufacturing overhead on the basis of direct labor cost, budgeted the following for the first quarter: Revenues Variable Costs: 1,200,000 Direct Materials Indirect Materials 100,000 20,000 250,000 15,000 80,000 120,000 24 Indirect Labor Other variable manufacturing overhead Direct Labor 585,000 Sales commission Fixed costs: Fixed manufacturing overhead Fixed selling and administrative costs 200,000 170,000 370,000 245,000 Income Job 418 used $20,000...
Please help! And please explain how to get answers so I can learn how to do...
Please help! And please explain how to get answers so I can
learn how to do it on future problems. Thanks in advance! I'll be
sure to give a thumbs up.
Osborn Manufacturing uses a predetermined overhead rate of $20.20 per direct labor-hour. This as based on a cost formula that estimates $282,800 of total manufacturing overhead for an estimated activity level of 14,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $279,000 and 13,500 total direct...
Bob’s Electronics Inc. manufactures high-tech screens for computers. In June, the two production departments had budgeted...
Bob’s Electronics Inc. manufactures high-tech screens for computers. In June, the two production departments had budgeted allocation bases of 8,600 machine hours in Department 1 and 5,970 direct manufacturing labour hours in Department 2. The budgeted manufacturing overheads for the month were $32,000 and $27,500, respectively. For Job 101, the actual costs incurred in the two departments were as follows: Department 1 Department 2 Direct materials purchased on account $66,000 $106,500 Direct materials used 12,500 9,100 Direct manufacturing labour 32,500...
How is the answer 0.45 When I do High to low I get 0.57 where am...
How is the answer 0.45 When I do High to low I get 0.57 where am
I going wrong
Maintenance costs at Red Dot Manufacturing over the past six months are listed in the following table. Month Maintenance cost Machine hours January $9,500 15,800 February $9,860 17,300 March $8,600 14,500 April $8,840 16,100 May $8,600 17,100 June $8,100 15,500 Using the high low method, what is the variable maintenance cost per machine hour at Red Dot Manufacturing? Select one: O...
please explain in detail use equations and actual numbers. I am interested in understanding not just...
please explain in detail use equations and actual
numbers.
I am interested in understanding not just the
answers
thank you for whoever reads this
inis Qu2: 20 pl5 possibie Here are selected basic data for Wilson Company Estimated manufacturing overhead Estimated labor hours Actual direct labor hours Estimated direct labor oost Actual direct labor cost Factory depreciation $243.750 Factory utilities $30,200 $22.900 $53,700 $47,700 $28,900 533,000 35,000 Indirect labor 30,000 Sales commissions $325,000 $320,000 Factory rent Factory property taxes 565,800...
16) Assigning manufacturing overhead to a specific job is complicated by all of the below except:...
16) Assigning manufacturing overhead to a specific job is complicated by all of the below except: A) Manufacturing overhead is an indirect cost that is either impossible or difficult to trace to a particular job. B) Manufacturing overhead is incurred only to support some jobs. C) Manufacturing overhead consists of both variable and fixed costs. D) The average cost of actual fixed manufacturing overhead expenses will vary depending on how many units are produced in a period. 17) Which of...
5. What is the total manufacturing cost added to Work in Process during the year? 6....
5. What is the total manufacturing cost
added to Work in Process during the year?
6. What is the journal entry to record the transfer of completed
jobs that is referred to in item g above?
7. What is the ending balance in Work in Process?
8. What is the total amount of actual manufacturing overhead
cost incurred during the year?
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows:...
0.4 points Save Answer High Tech Manufacturing Inc, incurred total indirect manufacturing labor costs of $490,000. The company is labor intensive. Total labor hours during the period were 4,100. Using qualitative analysis, the manager and the management accountant determine that over the period the Indirect manufacturing labor costs are mixed costs with only one cost driver-labor-hours. They separated the total indirect manufacturing labor costs into costs that are foed ($120,000 based on 8,600 hours of labor) and costs that are...
please show work or explain i dont just want answers im trying
to figure out how to do the problems
Problem ward: 0.00 points Problems? Adiust credit for all students. 1-277 TB Problem Qu. 1-277 Learned Corporation has provided the following ... Learned Corporation has provided the following information: Cost per Period Cost per Unit $ 6.10 $ 4,15 $ 1.75 $ 27,600 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling...
Please show work. Thank you
Group Problem 2 Predetermined Overhead Rate; Application of Overhead; Gersey Inc., which allocates all manufacturing overhead on the basis of direct labor cost, budgeted the following for the first quarter: Revenues Variable Costs: 1,200,000 Direct Materials Indirect Materials 100,000 20,000 250,000 15,000 80,000 120,000 24 Indirect Labor Other variable manufacturing overhead Direct Labor 585,000 Sales commission Fixed costs: Fixed manufacturing overhead Fixed selling and administrative costs 200,000 170,000 370,000 245,000 Income Job 418 used $20,000...
Please help! And please explain how to get answers so I can
learn how to do it on future problems. Thanks in advance! I'll be
sure to give a thumbs up.
Osborn Manufacturing uses a predetermined overhead rate of $20.20 per direct labor-hour. This as based on a cost formula that estimates $282,800 of total manufacturing overhead for an estimated activity level of 14,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $279,000 and 13,500 total direct...
How is the answer 0.45 When I do High to low I get 0.57 where am
I going wrong
Maintenance costs at Red Dot Manufacturing over the past six months are listed in the following table. Month Maintenance cost Machine hours January $9,500 15,800 February $9,860 17,300 March $8,600 14,500 April $8,840 16,100 May $8,600 17,100 June $8,100 15,500 Using the high low method, what is the variable maintenance cost per machine hour at Red Dot Manufacturing? Select one: O...
please explain in detail use equations and actual
numbers.
I am interested in understanding not just the
answers
thank you for whoever reads this
inis Qu2: 20 pl5 possibie Here are selected basic data for Wilson Company Estimated manufacturing overhead Estimated labor hours Actual direct labor hours Estimated direct labor oost Actual direct labor cost Factory depreciation $243.750 Factory utilities $30,200 $22.900 $53,700 $47,700 $28,900 533,000 35,000 Indirect labor 30,000 Sales commissions $325,000 $320,000 Factory rent Factory property taxes 565,800...
5. What is the total manufacturing cost
added to Work in Process during the year?
6. What is the journal entry to record the transfer of completed
jobs that is referred to in item g above?
7. What is the ending balance in Work in Process?
8. What is the total amount of actual manufacturing overhead
cost incurred during the year?
Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows:...
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