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The B&T Company's production costs for May are: direct labor, $22,000; indirect labor, $7,400; direct materials,...
B&T Company's production costs for May are direct labor, $13,000 indirect labor, $6,500, direct materials, $15,000,...
B&T Company's production costs for May are direct labor, $13,000 indirect labor, $6,500, direct materials, $15,000, property taxes on production facility 5800, factory heat. lights and power, $1,000, and insurance on plant and equipment, $200 B&T Company's factory overhead incurred for May is Multiple Choice o o o o July! PIDUULLOH LOSS TOP May are direct labor, 513,000 Indirect labor, 56.500, direct materiais, 315,000 property taxes on production facility S lights and power $1,000, and Insurance on plant and equipment,...
B&T Company's production costs for May are: direct labor, $24,000; indirect labor, $7,600; direct materials, $14,900;...
B&T Company's production costs for May are: direct labor, $24,000; indirect labor, $7,600; direct materials, $14,900; property taxes on production facility, $790; factory heat, lights and power, $990; and insurance on plant and equipment, $190. B&T Company's factory overhead incurred for May is: $9,570. $22,500. $48,470. $1,970. $7,600.
Peacock Ltd.'s production cost for August are: Amount Particulars Direct Labor Indirect Labor Direct Materials Property...
Peacock Ltd.'s production cost for August are: Amount Particulars Direct Labor Indirect Labor Direct Materials Property Taxes on Production equipment Heat, Light and Power Insurance on Plant and Equipment 15,000 8,000 32.000 1,200 2.500 500 Calculate Peacock Ltd.'s factory overheads for August a. Factory overheads for August are $21,500 b. Factory overheads for August are $12.200 c. Factory overheads for August are $27,200 d. Factory overheads for August are $30,000
Manufacturing overhead costs incurred Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factoryy Insurance,...
Manufacturing overhead costs incurred Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factoryy Insurance, factory $ 15,900 139,000 8,900 79,000 150,300 10,900 Total actual manufacturing overhead costs incurred $ 404,000 Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost $ 409,000 $ 69,000 Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 20,900 $ 30,900 $ 40,900 $ 70,900 The company uses a predetermined overhead rate to...
The following additional information describes the company's production activitie Direct materials Raw materials purchased on credit...
The following additional information describes the company's production activitie Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-stitching $115,000 26,250 0 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 24,600 98,400 181,600 Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $ 68,400 58,600 65,000 Factory Overhead Rates Cutting (1508 of direct materials used) Stitching (1209 of direct labor used) Sales $976,000 2. Prepare summary journal entries...
Production in Units3,000 Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries...
Production in Units3,000 Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries 1,900 Maintenance Depreciation S 7,500 18,000 2,100 1,000 4,500 1,100 2,400 Instructions (o) Identify the above costs as variable fixed. or mixed (b) Calculate the expected costs when production is 5,000 units.
1. Determine the total of each production cost incurred for April (direct labor direct materials, and...
1.
Determine the total of each production cost incurred for April
(direct labor direct materials, and applied overhead), and the
total cost assigned to each job including the balances from March
31)
Required information The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000;...
BE 16-2 Direct labor costs Obj. 2 During May, Bergan Company accumulated 2.500 hours of direct...
BE 16-2 Direct labor costs Obj. 2 During May, Bergan Company accumulated 2.500 hours of direct labor costs on Job 200 and 3,000 hours on Job 305. The total direct labor was incurred at a rate of $28 per direct labor hour for Job 200 and $24 per direct labor hour for Job 305. Journalize the entry to record the flow of labor costs into production during May BE 16-3 Factory overhead costs Obj. 2 During May, Bergan Company incurred...
3,300 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory...
3,300 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation $10,500 13,230 2,235 1,400 6.300 2,660 1.204 3.360 Calculate variable costs per unit, variable cost per unit for utilities and variable cost per unit for maintenance. Variable cost per unit (Exclude variable cost for utilities and maintenance) $ Variable cost per unit for utilities Variable cost per unit for maintenance
Williams Company reports production costs for 2012 as follows: Direct materials used $375,000 Direct labor incurred...
Williams Company reports production costs for 2012 as follows: Direct materials used $375,000 Direct labor incurred 250,000 Factory overhead incurred 400,000 Operating expenses 145,000 Williams Company's period costs for 2012 amount to: $375,000 $250,000 $400,000 $145,000
B&T Company's production costs for May are direct labor, $13,000 indirect labor, $6,500, direct materials, $15,000, property taxes on production facility 5800, factory heat. lights and power, $1,000, and insurance on plant and equipment, $200 B&T Company's factory overhead incurred for May is Multiple Choice o o o o July! PIDUULLOH LOSS TOP May are direct labor, 513,000 Indirect labor, 56.500, direct materiais, 315,000 property taxes on production facility S lights and power $1,000, and Insurance on plant and equipment,...
Peacock Ltd.'s production cost for August are: Amount Particulars Direct Labor Indirect Labor Direct Materials Property Taxes on Production equipment Heat, Light and Power Insurance on Plant and Equipment 15,000 8,000 32.000 1,200 2.500 500 Calculate Peacock Ltd.'s factory overheads for August a. Factory overheads for August are $21,500 b. Factory overheads for August are $12.200 c. Factory overheads for August are $27,200 d. Factory overheads for August are $30,000
Manufacturing overhead costs incurred Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factoryy Insurance, factory $ 15,900 139,000 8,900 79,000 150,300 10,900 Total actual manufacturing overhead costs incurred $ 404,000 Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost $ 409,000 $ 69,000 Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 20,900 $ 30,900 $ 40,900 $ 70,900 The company uses a predetermined overhead rate to...
The following additional information describes the company's production activitie Direct materials Raw materials purchased on credit Direct materials used-Cutting Direct materials used-stitching $115,000 26,250 0 Direct labor Direct labor-Cutting Direct labor-Stitching Total factory payroll paid (in cash) $ 24,600 98,400 181,600 Factory Overhead (Actual costs) Indirect materials used Indirect labor used Other overhead costs $ 68,400 58,600 65,000 Factory Overhead Rates Cutting (1508 of direct materials used) Stitching (1209 of direct labor used) Sales $976,000 2. Prepare summary journal entries...
Production in Units3,000 Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries 1,900 Maintenance Depreciation S 7,500 18,000 2,100 1,000 4,500 1,100 2,400 Instructions (o) Identify the above costs as variable fixed. or mixed (b) Calculate the expected costs when production is 5,000 units.
1.
Determine the total of each production cost incurred for April
(direct labor direct materials, and applied overhead), and the
total cost assigned to each job including the balances from March
31)
Required information The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000;...
BE 16-2 Direct labor costs Obj. 2 During May, Bergan Company accumulated 2.500 hours of direct labor costs on Job 200 and 3,000 hours on Job 305. The total direct labor was incurred at a rate of $28 per direct labor hour for Job 200 and $24 per direct labor hour for Job 305. Journalize the entry to record the flow of labor costs into production during May BE 16-3 Factory overhead costs Obj. 2 During May, Bergan Company incurred...
3,300 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation $10,500 13,230 2,235 1,400 6.300 2,660 1.204 3.360 Calculate variable costs per unit, variable cost per unit for utilities and variable cost per unit for maintenance. Variable cost per unit (Exclude variable cost for utilities and maintenance) $ Variable cost per unit for utilities Variable cost per unit for maintenance
Williams Company reports production costs for 2012 as follows: Direct materials used $375,000 Direct labor incurred 250,000 Factory overhead incurred 400,000 Operating expenses 145,000 Williams Company's period costs for 2012 amount to: $375,000 $250,000 $400,000 $145,000
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