Homework Answers
| Total Overhead Applied (1) | $141,900 |
| Total Machine Hours (2) | 22,000 |
| Predetermined Overhead Rate 'PDOHR' (3)=(1)/(2) | $6.45 |
| Machine Hours used in JOB #17 (4) | 7,700 |
| Overhead applied in COGS (3)*(4) | $49,665 |
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4) VAL CORP USED 7,700 MACHINE HOURS (DRIVER) ON JOB # 17. TOTAL MACHINE HOURS =...
1) XYZ CORP HAS THE FOLLOWING DATA: $112,000 32,000 BUDGETED OVERHEAD BUDGETED MACHINE HOURS (DRIVER) ACTUAL...
1) XYZ CORP HAS THE FOLLOWING DATA: $112,000 32,000 BUDGETED OVERHEAD BUDGETED MACHINE HOURS (DRIVER) ACTUAL MACHINE HOURS: JOB 17 JOB 18 JOB 19 JOB 20 8,250 6,600 9,900 8,250 JOBS 17. 18 & 19 WERE FINISHED. JOB 19 WAS SOLD. TOTAL ACTUAL OVERHEAD = $115,800. WHAT IS ACTUAL OVERHEAD IN FG? ACTUAL OVERHEAD FG
Marigold Corp. thinks machine hours is the best activity base for its manufacturing overhead. The estimate...
Marigold Corp. thinks machine hours is the best activity base
for its manufacturing overhead. The estimate of annual overhead
costs for its jobs was $1550000. The company used 1000 hours of
processing on Job No. B12 during the period and incurred overhead
costs totaling $1600000. The budgeted machine hours for the year
totaled 20000. How much overhead should be applied to Job No.
B12?
Sheridan Company manufactures customized desks. The following
pertains to Job No. 953:
Direct materials used
$31800...
Job P = $ 68,145 Job Q = predetermined overhead rate * Actual Total machine hours...
Job P = $ 68,145 Job Q = predetermined overhead rate * Actual Total machine hours of Job Q Job Q = $ 11.55 Per machine hour * 5300 Machine hours Job Q = $ 61,215 [The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments--Molding and Fabrication. It started, completed, and sold only two jobs during March-Job P...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $13,250 $16,95€ $30, 200 $ 2.70 $ 3.50 Job P $26,000 $31,400 Job O $14,500 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,000 1,900 4,900 2,100 2,200 4,300 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $13,250 $16.950 $30,200 $ 2.70 $ 3.5e 15 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job o $26,200 $14,500 $31,400 $12,700 3, eee 2,100 1,900 2,200 4,300 4,900 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500 $10,000 $ 1.40 1,500 $15,000 $ 2.20 4,000 $25,000 Job P $13,000 $21,080 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,380 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the...
Marigold Corp. thinks machine hours is the best activity base for its manufacturing overhead. The estimate...
Marigold Corp. thinks machine hours is the best activity base
for its manufacturing overhead. The estimate of annual overhead
costs for its jobs was $1550000. The company used 1000 hours of
processing on Job No. B12 during the period and incurred overhead
costs totaling $1600000. The budgeted machine hours for the year
totaled 20000. How much overhead should be applied to Job No.
B12?
$80000
$77500
$1600
$1550
3. what was the total of manufacturing cost assigned to job P? 4. if job P...
3. what was the total of manufacturing cost assigned to job
P?
4. if job P included 20units, what was its unit produced
cost?
5. what was the total manufacturing cost assigned to job
Q?
6. if job Q included 30 units, what was its unit product
cost?
------------------ The following information applies to the questions displayed below.) Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments...
1) TEX CORP HAS THE FOLLOWING BUDGETED DATA: MFG OVERHEAD $380,000 MACH HRS(DRIVER) 50,000 ACTUAL MACH...
1) TEX CORP HAS THE FOLLOWING BUDGETED DATA: MFG OVERHEAD $380,000 MACH HRS(DRIVER) 50,000 ACTUAL MACH HRS ARE AS FOLLOWS: JOB 10 10,400 JOB 11 7,800 JOB 12 18,200 JOB 13 15,600 JOB 10,11&12 WERE FINISHED. JOB 10 WAS SOLD. WHAT IS OVERHEAD APPLIED IN COGS? REFER TO QUESTION 1. ASSUME ACTUAL TOTAL OVERHEAD = $392,000. WHAT IS ACTUAL OVERHEAD IN FINISHED GOODS? ACTUAL OVERHEAD FINISHED GOODS?
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estinated variable manufacturing overhead per machine-hour Molding...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estinated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4, Bee $13,258 $16,950 $30,200 $ 2.70 $ 3.50 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job O $26, Bee $14,50e $31,480 $12,700 3, see 2,180 1,900 2,200 4,900 4,380 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month 7. Assume that Sweeten Company used cost-plus pricing and a markup...
1) XYZ CORP HAS THE FOLLOWING DATA: $112,000 32,000 BUDGETED OVERHEAD BUDGETED MACHINE HOURS (DRIVER) ACTUAL MACHINE HOURS: JOB 17 JOB 18 JOB 19 JOB 20 8,250 6,600 9,900 8,250 JOBS 17. 18 & 19 WERE FINISHED. JOB 19 WAS SOLD. TOTAL ACTUAL OVERHEAD = $115,800. WHAT IS ACTUAL OVERHEAD IN FG? ACTUAL OVERHEAD FG
Marigold Corp. thinks machine hours is the best activity base
for its manufacturing overhead. The estimate of annual overhead
costs for its jobs was $1550000. The company used 1000 hours of
processing on Job No. B12 during the period and incurred overhead
costs totaling $1600000. The budgeted machine hours for the year
totaled 20000. How much overhead should be applied to Job No.
B12?
Sheridan Company manufactures customized desks. The following
pertains to Job No. 953:
Direct materials used
$31800...
Job P = $ 68,145 Job Q = predetermined overhead rate * Actual Total machine hours of Job Q Job Q = $ 11.55 Per machine hour * 5300 Machine hours Job Q = $ 61,215 [The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments--Molding and Fabrication. It started, completed, and sold only two jobs during March-Job P...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $13,250 $16,95€ $30, 200 $ 2.70 $ 3.50 Job P $26,000 $31,400 Job O $14,500 $12,700 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 3,000 1,900 4,900 2,100 2,200 4,300 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4,000 $13,250 $16.950 $30,200 $ 2.70 $ 3.5e 15 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job o $26,200 $14,500 $31,400 $12,700 3, eee 2,100 1,900 2,200 4,300 4,900 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour 2,500 $10,000 $ 1.40 1,500 $15,000 $ 2.20 4,000 $25,000 Job P $13,000 $21,080 Job $8,000 $7,500 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 1,700 600 2,380 800 900 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the...
Marigold Corp. thinks machine hours is the best activity base
for its manufacturing overhead. The estimate of annual overhead
costs for its jobs was $1550000. The company used 1000 hours of
processing on Job No. B12 during the period and incurred overhead
costs totaling $1600000. The budgeted machine hours for the year
totaled 20000. How much overhead should be applied to Job No.
B12?
$80000
$77500
$1600
$1550
3. what was the total of manufacturing cost assigned to job
P?
4. if job P included 20units, what was its unit produced
cost?
5. what was the total manufacturing cost assigned to job
Q?
6. if job Q included 30 units, what was its unit product
cost?
------------------ The following information applies to the questions displayed below.) Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments...
Estimated total machine-hours used Estimated total fixed manufacturing overhead Estinated variable manufacturing overhead per machine-hour Molding Fabrication Total 2,500 1,500 4, Bee $13,258 $16,950 $30,200 $ 2.70 $ 3.50 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total Job P Job O $26, Bee $14,50e $31,480 $12,700 3, see 2,180 1,900 2,200 4,900 4,380 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month 7. Assume that Sweeten Company used cost-plus pricing and a markup...
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