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20 2. Choice Hotels' production manager proposes allocating overhead by direct labor hours instead, since the...
can you help me with the answers to questions 3-10? Merge & Center - S -...
can
you help me with the answers to questions 3-10?
Merge & Center - S - % ) 38- Insert Delete com Conditional Formatas Cell Formatting Table - Styles Styles Alignment Number Clipboard 166 Font x ve Supervision $1,700,000 1,000 850 3,500 HT 5350 S 317.76 $ 317,757.01 225 666.67 $ 100,000.00 SOS770 $ 14.11 $3,314,030.08S Supplies Units manufacture 150 110 $190,000 $8,550,000 25 Total 234,300 175,420 191.550 Questions: 3. Use activity based costing to allocate the costs of overhead...
ABC Hotels’ controller developed the following table for use in activity-based costing. Calculate the cost of...
ABC Hotels’ controller developed the following table for use in
activity-based costing.
Calculate the cost of one
Presidential Suite using activity-based costing.
Presidential Standard Presidential Total Square Cost per Standard Junior Suite Manufacturing overhead AmountCost driver Suite Check Guest Room Junior Suite Suite Feet 110,000 square feet 471,500 Direct Labor Hours 13,000 purchase square foot Guest room Depreciation 53,200,000 Square feet50,000 30,000 30,000 29.09 $ 1,454,545 S 872,727 872,727 S 3,200,000 Maintenance 1,800,000 Direct labor 180,000 143,000 148,500 53.82 $687,600.00...
Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs...
Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic 1,100 3,800 3,600 $18,000 64,500 Dominator 360 3,200 2,100 $ 5,650 45,500 Total 1,460 7,000 5,700 $ 23,650 110,000 209,370 $343,020 Tiger Furnishings's CFO believes that a two-stage cost allocation system would give managers better cost information. She asks the company's cost accountant to analyze the accounts and assign overhead costs to two pools: overhead related to direct labor cost and overhead related...
A. Assuming use of direct-labor hours to apply overhead to production, compute the unit manufacturing costs...
A. Assuming use of
direct-labor hours to apply overhead to production, compute the
unit manufacturing costs of the Standard and Enhanced products if
the expected manufacturing volume is attained.
Manufacturing cost per unit: Standard $ ? and Enhanced $ ?
B. Assuming use of activity-based costing, compute the unit
manufacturing costs of the Standard and Enhanced products if the
expected manufacturing volume is attained.
Manufacturing cost per unit: Standard $ ? and Enhanced $ ?
C. By using direct-labor hours...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244.500 and 9,500 estimated direct labor hours. Actual manufacturing overhead for the year amounted to $245,200 and actual direct labor-hours were 6,200. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 0 $84.912 underapplied O o $85,612 underapplied O o $84,912 overapplied...
Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing...
Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 17,500 actual direct labor-hours and incurred $148.300 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16,300 direct labor hours would be worked and S146700 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour. The Corporation's manufacturing overhead for the year...
r cost system and applies overhead to production on the basis of direct labor costs. On...
r cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 24,000, direct labor $ 14,400, and manufacturing overhead $ 19,200. As of January 1, Job 49 had been completed at a cost of $ 108,000 and was part of finished goods inventory. There was a $ 18,000...
Multiple Choice Question 100 Sunland Company applies overhead on the basis of 200% of direct labor...
Multiple Choice Question 100 Sunland Company applies overhead on the basis of 200% of direct labor cost. Job No. 305 is charged with $450000 of direct materials costs and $200000 of manufacturing overhead. The total manufacturing costs for Job no. 305 is: O $850000 $1100000 O $650000 O $750000
Units produced Sale price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling...
Units produced Sale price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 3,500 units 200 per unit 70 per unit 55 per unit 20 per unit $350,000 per year $ 30 per unit $150,000 per year Calculate the unit product cost using absorption costing. Multiple Choice $245 $275
Amy Corporation, which applies manufacturing overhead on the basis of direct labor hours, has provided the...
Amy Corporation, which applies manufacturing overhead on the basis of direct labor hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead Estimated direct labor hours Actual manufacturing overhead Actual direct labor hours $80,080 1,100 $76,800 1,060 The estimates of the manufacturing overhead and of direct labor hours were made at the beginning of the year. The applied manufacturing overhead for the year is closest to Multiple Choke $75,089 0 $77,168 576.800 $76.450 Magnolia...
can
you help me with the answers to questions 3-10?
Merge & Center - S - % ) 38- Insert Delete com Conditional Formatas Cell Formatting Table - Styles Styles Alignment Number Clipboard 166 Font x ve Supervision $1,700,000 1,000 850 3,500 HT 5350 S 317.76 $ 317,757.01 225 666.67 $ 100,000.00 SOS770 $ 14.11 $3,314,030.08S Supplies Units manufacture 150 110 $190,000 $8,550,000 25 Total 234,300 175,420 191.550 Questions: 3. Use activity based costing to allocate the costs of overhead...
ABC Hotels’ controller developed the following table for use in
activity-based costing.
Calculate the cost of one
Presidential Suite using activity-based costing.
Presidential Standard Presidential Total Square Cost per Standard Junior Suite Manufacturing overhead AmountCost driver Suite Check Guest Room Junior Suite Suite Feet 110,000 square feet 471,500 Direct Labor Hours 13,000 purchase square foot Guest room Depreciation 53,200,000 Square feet50,000 30,000 30,000 29.09 $ 1,454,545 S 872,727 872,727 S 3,200,000 Maintenance 1,800,000 Direct labor 180,000 143,000 148,500 53.82 $687,600.00...
Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic 1,100 3,800 3,600 $18,000 64,500 Dominator 360 3,200 2,100 $ 5,650 45,500 Total 1,460 7,000 5,700 $ 23,650 110,000 209,370 $343,020 Tiger Furnishings's CFO believes that a two-stage cost allocation system would give managers better cost information. She asks the company's cost accountant to analyze the accounts and assign overhead costs to two pools: overhead related to direct labor cost and overhead related...
A. Assuming use of
direct-labor hours to apply overhead to production, compute the
unit manufacturing costs of the Standard and Enhanced products if
the expected manufacturing volume is attained.
Manufacturing cost per unit: Standard $ ? and Enhanced $ ?
B. Assuming use of activity-based costing, compute the unit
manufacturing costs of the Standard and Enhanced products if the
expected manufacturing volume is attained.
Manufacturing cost per unit: Standard $ ? and Enhanced $ ?
C. By using direct-labor hours...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244.500 and 9,500 estimated direct labor hours. Actual manufacturing overhead for the year amounted to $245,200 and actual direct labor-hours were 6,200. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 0 $84.912 underapplied O o $85,612 underapplied O o $84,912 overapplied...
Mackinaw Manufacturing Corporation uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 17,500 actual direct labor-hours and incurred $148.300 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16,300 direct labor hours would be worked and S146700 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour. The Corporation's manufacturing overhead for the year...
r cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 24,000, direct labor $ 14,400, and manufacturing overhead $ 19,200. As of January 1, Job 49 had been completed at a cost of $ 108,000 and was part of finished goods inventory. There was a $ 18,000...
Multiple Choice Question 100 Sunland Company applies overhead on the basis of 200% of direct labor cost. Job No. 305 is charged with $450000 of direct materials costs and $200000 of manufacturing overhead. The total manufacturing costs for Job no. 305 is: O $850000 $1100000 O $650000 O $750000
Units produced Sale price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 3,500 units 200 per unit 70 per unit 55 per unit 20 per unit $350,000 per year $ 30 per unit $150,000 per year Calculate the unit product cost using absorption costing. Multiple Choice $245 $275
Amy Corporation, which applies manufacturing overhead on the basis of direct labor hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead Estimated direct labor hours Actual manufacturing overhead Actual direct labor hours $80,080 1,100 $76,800 1,060 The estimates of the manufacturing overhead and of direct labor hours were made at the beginning of the year. The applied manufacturing overhead for the year is closest to Multiple Choke $75,089 0 $77,168 576.800 $76.450 Magnolia...
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