Answer
= $ 300,000 / 75000 direct labor hours
= $ 4.00 per direct labor hour.
The Mahoney Company has two producing departments: assembly and finishing The company has been using a...
The Makers Co. has two producing departments: assembly and finishing. The company has been using a plantwide predetermined overhead rate based on direct labor hours. The following estimates were made for the current year: Assembly Finishing Total Manufacturing Overhead $200,000 $100,000 $300,000 Direct labor hours 40,000 35,000 75,000 Machine hours 5,000 16,000 21,000 Makers started and completed Job 1512 during the year. The job-order cost sheet indicated the following: Materials Requisitioned $18,000 Direct labor cost 16,000 Direct labor hours: Assembly...
Markers Co. has two producing departments: assembly and finishing. The company has been using a plantwide predetermined overhead rate based on direct labor hours. The following estimates were made for the current year: Assembly Finishing Total Manufacturing Overhead $200,000 $100,000 $300,000 Direct labor hours 40,000 35,000 75,000 Machine hours 5,000 16,000 21,000 Marker started and completed Job 1512 during the year. The job-order cost sheet indicated the following: Materials Requisitioned $18,000 Direct labor cost 16,000 Direct labor hours: Assembly 1,700...
List Paragraph The Kelber Company has two producing departments: assembly and finishing. The company has been using a plantwide predetermined overhead rate based on direct labor hours. The following estimates were made for the current year: 1. Assembly Finishing Total Manufacturing Overhead $200,000 $100,000 $300,000 Direct labor hours 40,000 75,000 35,000 Machine hours 5,000 21,000 16,000 Kelber started and completed Job 1512 during the year. The job-order cost sheet indicated the following Materials Requisitioned $18,000 Direct labor cost 16,000 Direct...
Tables Revid Charts SmartArt Paragraph AalbCeDdEe List Paragraph 3 5 EL Deen. Company creates, produces, and sells CPA review courses for individual use. The following information is provided: a. Conversion cost was $360,000 and was four times the prime cost b. Direct materials used in production equaled $75,000 c. Cost of goods manufactured was $415,000 d. Beginning work in process is one-half the cost of ending work in process e. There are no beginning or ending inventories for direct materials...
Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one...
Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one...
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Check my work Wilmington Company has two manufacturing departments--Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is based on estimates from the beginning of the year. The second set of data relates to one particular job completed during the year--Job Bravo. Estimated Data Manufacturing overhead costs Direct labor-hours Machine-hours Assembly $5,250,000 125,000 50,000 Fabrication $5,750,000 75,000 250,000 Total $ 11,000,000 200,000...
A company has two departments that all goods pass through, finishing and assembly. The finishing department overhead is applied based on machine hours, and the assembly department overhead is applied based on direct labor hours. Data on each department are as follows: Finishing Assembly Budgeted overhead $80,000 $60,000 Budgeted direct labor hours 4,000 hrs. 10,000 hrs. Budgeted machine hours 32,000 hrs. 1,000 hrs. Actual overhead $75,400 $59,700 Actual direct labor hours 4,210 hrs. 9,980 hrs. Actual machine hours 28,600 hrs....
The Wallaby Company has two support departments and two producing departments. Information for each department for the year is as follows: Support Departments Producing Departments Administration Maintenance Molding Assembly Budgeted overhead $80,000 $120,000 $460,000 $540,000 Direct labor hours 500 2,000 25,000 32,000 Square meter occupied 200 300 2,500 10,000 Machine hours — 500 9,600 14,400 The company does not divide costs into fixed and variable components. Plant administration costs are allocated based on square meter occupied, and factory maintenance costs are allocated based on machine hours. Predetermined overhead rates for the...
Sequential Method Eilers Company has two producing departments and two support departments. The following budgeted data pertain to these four departments: Support Departments Producing Departments General Factory Receiving Assembly Finishing Direct overhead $400,000 $160,000 $43,000 $74,000 Square footage — 2,700 5,400 5,400 Number of receiving orders 300 — 1,680 1,020 Direct labor hours — — 25,000 40,000 The support departments are ranked in order of highest cost to lowest cost. Required: 1. Allocate the costs of the support departments using...