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Homework Answers
| Actual Manufacturing OH costs | $95,770 |
| Add: Under-applied OH costs | $8,874 |
| Estimated Manufacturing OH costs | $104,644 |
| Divide: Direct Labor Costs (8,687*$10) | $86,870 |
| Predetermined OH Costs | $1.20 |
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Fred Co.,...
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Vanex Co, a publicly accountable company, uses a job order system and has provided the following selected information regarding its manufacturing operations for 20x10: $448570 60406 hours 41063 hours Total estimated overhead Total estimated direct labour hours Total direct labour hours incurred Manufacturing overhead costs incurred: Indirect labour Indirect materials Utilities $115385 216065 144040 Which of the following would be included in the journal entry to...
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The following costs were incurred to complete 3 jobs during the year Direct materials Direct labour Job Al $2384 $4278 Job G1 $1272 $3351 Job A2 $3032 $2996 In addition, the supervisor's salary (who is responsible for monitoring the whole 3rd and 4th floors of the factory) is $82961. The journal entries for the year will include which of the following: Select one: a. A debit...
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Thing Co. uses a job order costing system. At the beginning of July, the company had the following job in progress: $22508 Job 70 During July, Thing Co. incurred the following job related costs: Direct Materials Direct Labour $3786 $1563 Job 70 15322 Job 80 12983 8447 7768 Job 90 Manufacturing overlicad is applied at a rate of S2.89 per $1 of direct labour cost. Jobs...
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You are given the following data for Skylar Ltd.: Direct Labour Hours Overhead Costs 25700 $630800 January 32600 $700100 February 45117 $887306 March 37500 $720500 April 40349 $909220 May 21235 $624133 June July 23700 $651000 August 39200 $759000 September 41884 $751261 October 23082 $614932 November 25200 $620100 December 30100 $682000 Using the high-low method, what is the variable overhead cost per direct labour hour? Select one:...
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Horla Co's manufacturing operations recorded the following information for the month of March 20x9: Inventories Mar. 1.20x9 Mar. 31, 20x9 Direct materials $ 32390 $ 30582 Work in process 21420 12481 Finished goods 48034 69109 $93263 65291 Additional information for the month of March: Direct materials purchased Direct labour costs incurred Direct labour rate per hour Factory overhead rate per direct labour hour What were the...
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You are given the following data for Skylar Ltd. Direct Labour Hours January 25700 February 32600 March 45090 April 37500 May 40400 June 21052 July 23700 August 39200 September October 24000 November 25200 December Overhead Costs $630800 $700100 $884664 $720500 $910300 $629960 $651000 $759000 $751513 $615200 $620100 $654269 41004 Using the high-low method, estimate the total overhead at a volume of 30,000 direct labour hours: Select...
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On September 30, the fixed manufacturing overhead account of Gordon Ltd. showed a debit balance of $5893 after fixed manufacturing overhead had been applied for the month. If the actual total manufacturing overhead cost incurred in September was $109762 and the production was 8087 units, then what was the rate for applying fixed manufacturing overhead cost? Select one: a. $ 0.73 per unit b. $ 12.84...
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Reese Ltd.'s records shows the following balances for the year 20x2: Direct materials, beginning inventory Direct materials, ending inventory Direct material purchases Advertising expense Indirect labour Selling costs Direct labour Property taxes on factory building $56004 81555 118979 274430 98173 47419 218714 15614 What were Reese's product costs for the year? Select one: a. $425929 b. $451480 $321849 d. 5312142
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Vaider Inc. has provided you with the following selected data regarding the company's production costs for the year 20x5: Direct Materials used Direct Labour Costs Indirect materials Indirect labour Closing WIP inventory Opening Finished Goods Inventory Ending Finished Goods Inventory Current sales (gross profit is 45% of sales) $281850 414437 118883 208017 268853 131434 123708 2182427 What was Vaider Inc.'s beginning WIP inventory balance for the...
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LIITTO Hele Seved Sun 570000 of wages and sales and by employees or mount $20.000 corse vec bour 510.000 consists of indirect labour, and $10.000 consists of administrative salaries What Motos and Odd 40.000 O 0000 Under normal costing, overhead is applied using Muluple Choice O on actual cerheed rate absorption costing vanable conting a predetermined cverhead rare White Company has two departments...
Please show all steps so I can fully understand how to
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Vanex Co, a publicly accountable company, uses a job order system and has provided the following selected information regarding its manufacturing operations for 20x10: $448570 60406 hours 41063 hours Total estimated overhead Total estimated direct labour hours Total direct labour hours incurred Manufacturing overhead costs incurred: Indirect labour Indirect materials Utilities $115385 216065 144040 Which of the following would be included in the journal entry to...
Please show all steps so I can fully understand how to
solve. thank you
The following costs were incurred to complete 3 jobs during the year Direct materials Direct labour Job Al $2384 $4278 Job G1 $1272 $3351 Job A2 $3032 $2996 In addition, the supervisor's salary (who is responsible for monitoring the whole 3rd and 4th floors of the factory) is $82961. The journal entries for the year will include which of the following: Select one: a. A debit...
Please show all steps so I can fully understand how to
solve. thank you
Thing Co. uses a job order costing system. At the beginning of July, the company had the following job in progress: $22508 Job 70 During July, Thing Co. incurred the following job related costs: Direct Materials Direct Labour $3786 $1563 Job 70 15322 Job 80 12983 8447 7768 Job 90 Manufacturing overlicad is applied at a rate of S2.89 per $1 of direct labour cost. Jobs...
please show all steps so I can fully understand how to
solve. thank you
You are given the following data for Skylar Ltd.: Direct Labour Hours Overhead Costs 25700 $630800 January 32600 $700100 February 45117 $887306 March 37500 $720500 April 40349 $909220 May 21235 $624133 June July 23700 $651000 August 39200 $759000 September 41884 $751261 October 23082 $614932 November 25200 $620100 December 30100 $682000 Using the high-low method, what is the variable overhead cost per direct labour hour? Select one:...
Please show all steps so I can fully understand how to
solve. thank you
Horla Co's manufacturing operations recorded the following information for the month of March 20x9: Inventories Mar. 1.20x9 Mar. 31, 20x9 Direct materials $ 32390 $ 30582 Work in process 21420 12481 Finished goods 48034 69109 $93263 65291 Additional information for the month of March: Direct materials purchased Direct labour costs incurred Direct labour rate per hour Factory overhead rate per direct labour hour What were the...
Please show all steps so I can fully understand how to
solve. thank you
You are given the following data for Skylar Ltd. Direct Labour Hours January 25700 February 32600 March 45090 April 37500 May 40400 June 21052 July 23700 August 39200 September October 24000 November 25200 December Overhead Costs $630800 $700100 $884664 $720500 $910300 $629960 $651000 $759000 $751513 $615200 $620100 $654269 41004 Using the high-low method, estimate the total overhead at a volume of 30,000 direct labour hours: Select...
Please show all steps so I can fully understand how to
solve. thank you
On September 30, the fixed manufacturing overhead account of Gordon Ltd. showed a debit balance of $5893 after fixed manufacturing overhead had been applied for the month. If the actual total manufacturing overhead cost incurred in September was $109762 and the production was 8087 units, then what was the rate for applying fixed manufacturing overhead cost? Select one: a. $ 0.73 per unit b. $ 12.84...
Please show all steps so I can fully understand how to
solve. thank you
Reese Ltd.'s records shows the following balances for the year 20x2: Direct materials, beginning inventory Direct materials, ending inventory Direct material purchases Advertising expense Indirect labour Selling costs Direct labour Property taxes on factory building $56004 81555 118979 274430 98173 47419 218714 15614 What were Reese's product costs for the year? Select one: a. $425929 b. $451480 $321849 d. 5312142
Please show all steps so I can fully understand how to
solve. thank you
Vaider Inc. has provided you with the following selected data regarding the company's production costs for the year 20x5: Direct Materials used Direct Labour Costs Indirect materials Indirect labour Closing WIP inventory Opening Finished Goods Inventory Ending Finished Goods Inventory Current sales (gross profit is 45% of sales) $281850 414437 118883 208017 268853 131434 123708 2182427 What was Vaider Inc.'s beginning WIP inventory balance for the...
please show your solution so i can understand and
study it. thank you so much, appreciate it!
LIITTO Hele Seved Sun 570000 of wages and sales and by employees or mount $20.000 corse vec bour 510.000 consists of indirect labour, and $10.000 consists of administrative salaries What Motos and Odd 40.000 O 0000 Under normal costing, overhead is applied using Muluple Choice O on actual cerheed rate absorption costing vanable conting a predetermined cverhead rare White Company has two departments...
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