Tex Corp has the following budgeted data:
MFG Overhead: $380,000
MACH HRS (Driver) are as follows:
Job 10: 10,4000
Job 11: 7,800
Job 12: 18,200
Job 13: 15,600
Jobs 10, 11 & 12 were finished. Job 10 was sold. Assume actual total overhead = $392,000. What is actual overhead in finished goods?
Tex Corp has the following budgeted data: MFG Overhead: $380,000 MACH HRS (Driver) are as follows:...
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?
Tex Corp has the following budgeted data: MFG Overhead: $380,000 MACH HRS (Driver) are as follows: Job 10: 10,4000 Job 11: 7,800 Job 12: 18,200 Job 13: 15,600 Jobs 10, 11 & 12 were finished. Job 10 was sold. What is overhead applied in COGS?
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
At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $360,000, and direct materials costs, $200,000. At year-end, the company’s records show that actual overhead costs for the year are $937,800. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold $ 380,000 Jobs in finished goods inventory 76,000 Jobs in work in process inventory 60,000 Total actual direct materials cost $ 516,000 1....
Job Costs Using a Plantwide Overhead Rate Naranjo Company designs industrial prototypes for outside companies. Budgeted overhead for the year was $180,000, and budgeted direct labor hours were 18,000. The average wage rate for direct labor is expected to be $20 per hour. During June, Naranjo Company worked on four jobs. Data relating to these four jobs follow: Job 39 Job 40 Job 41 Job 42 Beginning balance $26,600 $34,200 $15,600 $1,700 Materials requisitioned 16,700 23,400 10,800 12,100 Direct labor...
The Film Company uses a job-order costing system. The following information pertains to the company's activities for the month of December: On December 1, the company had two jobs in work in process as follows: Job 6 $20,000 and Job 8 $14,000 On December 1, the company had job in Finished Goods as follows: Job 10 $50,000 Jobs 12 and 13 were started during the month. Materials were purchased on account in December for $54,000 Materials were requisitioned for use...
The Film Company uses a job-order costing system. The following information pertains to the company's activities for the month of December: On December 1, the company had two jobs in work in process as follows: Job 6 $20,000 and Job 8 $14,000 On December 1, the company had job in Finished Goods as follows: Job 10 $50,000 Jobs 12 and 13 were started during the month. Materials were purchased on account in December for $54,000 Materials were requisitioned for use...
The Film Company uses a job-order costing system. The following information pertains to the company's activities for the month of December: On December 1, the company had two jobs in work in process as follows: Job 6 $20,000 and Job 8 $14,000 On December 1, the company had job in Finished Goods as follows: Job 10 $50,000 Jobs 12 and 13 were started during the month. Materials were purchased on account in December for $54,000 Materials were requisitioned for use...
The Film Company uses a job-order costing system. The following information pertains to the company's activities for the month of December: On December 1, the company had two jobs in work in process as follows: Job 6 $20,000 and Job 8 $14,000 On December 1, the company had job in Finished Goods as follows: Job 10 $50,000 Jobs 12 and 13 were started during the month. Materials were purchased on account in December for $54,000 Materials were requisitioned for use...
The Film Company uses a job-order costing system. The following information pertains to the company's activities for the month of December: On December 1, the company had two jobs in work in process as follows: Job 6 $20,000 and Job 8 $14,000 On December 1, the company had job in Finished Goods as follows: Job 10 $50,000 Jobs 12 and 13 were started during the month. A. Materials were purchased on account in December for $54,000 B. Materials were requisitioned...