Homework Answers
40)
Total cost = $2,500 + $4,000 + $3,000 + $6,500 + ($4,000 + $6,500) X 200%
= $37,000
3rd option.
41)
Applied overhead = $140,000
Applied overhead is 200% of direct labour cost.
Direct labour cost = $140,000 / 200% = $70,000
Transfer from work in process inventory = $265,000
Direct material = Ending WIP + Transfer - Beginning WIP - Direct labour - Applied overhead
= $60,000 + $265,000 - $50,000 - $70,000 - $140,000
= $65,000
2nd option
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Question 41 A company's overhead rate is 200% of direct labor corting the following incomete must...
A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine...
A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 66,000 ? ? Beginning WIP Direct materials Direct labor Applied overhead To finished goods Ending WIP 156,000 76,000 Factory Overhead 154,000 Finished Goods Inventory 56,000 281,000 51,000 Beginning FG 286,000 Ending FG Multiple Choice $286,000. $281,000. $57,000. $154,000. $296,000.
A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine...
A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 69,000 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 159,000 79,000 Factory Overhead 157,000 Finished Goods Inventory 59,000 284,000 54,000 Beginning FG 289,000 Ending FG Multiple Choice O $158,500 0 $55,500. 0 $289,000 $284,000. $299,000
A company's overhead rate is 200% of direct labor cost. Using the following Incomplete accounts, determine...
A company's overhead rate is 200% of direct labor cost. Using the following Incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 51,000 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 141,000 61,000 Factory Overhead 139,000 Finished Goods Inventory 41,000 266,000 36,000 Beginning FG 271,000 Ending FG Multiple Choice 0 $13.500. 0 $64.500 O $271.000 O O $266,000 $281.000.
1)A manufacturer's cost of goods manufactured is the sum of direct materials, direct labor, and factory...
1)A manufacturer's cost of goods manufactured is the sum of direct materials, direct labor, and factory overhead costs incurred in producing products. True or False 2) Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,500 of direct materials and used $3,000 of direct labor. The job was not finished by the end of September, but needed an additional $2,000 of direct materials and additional direct labor of $4,500 to finish...
#1 A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts,...
#1
A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Factory Overhead 108,700 97.830 Work in Process Inventory Beginning WIP 108,700 Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 141,400 Finished Goods Inventory Beginning FG 127,700 350,900 Ending FG 153,500 325,100
A company’s overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine...
A company’s overhead rate is 200% of direct labor cost. Using
the following incomplete accounts, determine the cost of direct
materials used.
Saved Help Save & Exit Subr A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 58,000 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 148,000 68,000 Factory Overhead 146,000 Finished Goods Inventory 48,000 273,000 43,000 Beginning...
A company's overhead rate is 50% of direct labor cost. Using the following incomplete accounts, determine...
A company's overhead rate is 50% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 92,200 ? ? Beginning WIP Direct materials Direct labor Applied overhead To finished goods Ending WIP ? 82,980 119,900 Factory Overhead 92,200 Finished Goods Inventory 108,300 297,600 130,100 Beginning FG 275,800 Ending FG Multiple Choice $27,700. $76,360. $297,600 $221,240. $157,800.
A company's overhead rate is 40% of direct labor cost. Using the following incomplete accounts, determine the cost of d...
A company's overhead rate is 40% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Factory Overhead 95, 2001 85,680 Work in Process Inventory Beginning WIP 95,200 Direct materials Direct labor Applied overhead To finished goods Ending WIP 123,800 Finished Goods Inventory Beginning FG 111,700 306,900 Ending FG 134,200 284,400 Multiple Choice 0 $162,800. 0 $28,600. 0 $35,620. 0 $306,900.
A company's overhess rates 200% of direct labor cost Using the folowing incomplete accounts, determine the...
A company's overhess rates 200% of direct labor cost Using the folowing incomplete accounts, determine the cost of direct materials used Work in Process Intory Finished Goods Inventory Factory Overhead 144.000 145,828 Beginning FG Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP Ending FG 271, eee 41,000 Multiple Chois 562.000 ooooo 3271.000 Using the following accounts and an overhead rate of 50% of direct labor cost determine the amount of spelled overness work In Process...
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee...
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,700 of direct materials and used $3.200 of direct labor. The job was not finished by the end of the month, but needed an additional $2,200 of direct materials in October and additional direct labor of $5,700 to finish the job. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost. What...
A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 66,000 ? ? Beginning WIP Direct materials Direct labor Applied overhead To finished goods Ending WIP 156,000 76,000 Factory Overhead 154,000 Finished Goods Inventory 56,000 281,000 51,000 Beginning FG 286,000 Ending FG Multiple Choice $286,000. $281,000. $57,000. $154,000. $296,000.
A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 69,000 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 159,000 79,000 Factory Overhead 157,000 Finished Goods Inventory 59,000 284,000 54,000 Beginning FG 289,000 Ending FG Multiple Choice O $158,500 0 $55,500. 0 $289,000 $284,000. $299,000
A company's overhead rate is 200% of direct labor cost. Using the following Incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 51,000 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 141,000 61,000 Factory Overhead 139,000 Finished Goods Inventory 41,000 266,000 36,000 Beginning FG 271,000 Ending FG Multiple Choice 0 $13.500. 0 $64.500 O $271.000 O O $266,000 $281.000.
#1
A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Factory Overhead 108,700 97.830 Work in Process Inventory Beginning WIP 108,700 Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 141,400 Finished Goods Inventory Beginning FG 127,700 350,900 Ending FG 153,500 325,100
A company’s overhead rate is 200% of direct labor cost. Using
the following incomplete accounts, determine the cost of direct
materials used.
Saved Help Save & Exit Subr A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 58,000 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 148,000 68,000 Factory Overhead 146,000 Finished Goods Inventory 48,000 273,000 43,000 Beginning...
A company's overhead rate is 50% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 92,200 ? ? Beginning WIP Direct materials Direct labor Applied overhead To finished goods Ending WIP ? 82,980 119,900 Factory Overhead 92,200 Finished Goods Inventory 108,300 297,600 130,100 Beginning FG 275,800 Ending FG Multiple Choice $27,700. $76,360. $297,600 $221,240. $157,800.
A company's overhead rate is 40% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Factory Overhead 95, 2001 85,680 Work in Process Inventory Beginning WIP 95,200 Direct materials Direct labor Applied overhead To finished goods Ending WIP 123,800 Finished Goods Inventory Beginning FG 111,700 306,900 Ending FG 134,200 284,400 Multiple Choice 0 $162,800. 0 $28,600. 0 $35,620. 0 $306,900.
A company's overhess rates 200% of direct labor cost Using the folowing incomplete accounts, determine the cost of direct materials used Work in Process Intory Finished Goods Inventory Factory Overhead 144.000 145,828 Beginning FG Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP Ending FG 271, eee 41,000 Multiple Chois 562.000 ooooo 3271.000 Using the following accounts and an overhead rate of 50% of direct labor cost determine the amount of spelled overness work In Process...
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,700 of direct materials and used $3.200 of direct labor. The job was not finished by the end of the month, but needed an additional $2,200 of direct materials in October and additional direct labor of $5,700 to finish the job. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost. What...
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