Homework Answers
1
Overhead Application rate =Overhead cost/direct labor cost =300000/200000=$1.5 per direct labor cost
2
Answer is $260000
Add Answer to:
Multiple Choice Question 106 During 2017, Waterway Industries expected Job No. 26 to cost $300000 of...
During 2019, Crane Company expected Job No. 26 to cost $300000 of overhead, $500000 of materials,...
During 2019, Crane Company expected Job No. 26 to cost $300000
of overhead, $500000 of materials, and $200000 in labor. Crane
applied overhead based on direct labor cost. Actual production
required an overhead cost of $330000, $580000 in materials used,
and $250000 in labor. All of the goods were completed. What amount
was transferred to Finished Goods?
$1000000
$1130000
$1205000
$1160000
During 2017, Vaughn Manufacturing expected Job No. 26 to cost $300000 of overhead, $500000 of materials,...
During 2017, Vaughn Manufacturing expected Job No. 26 to cost
$300000 of overhead, $500000 of materials, and $200000 in labor.
Vaughn applied overhead based on direct labor cost. Actual
production required an overhead cost of $360000, $640000 in
materials used, and $300000 in labor. All of the goods were
completed. What amount was transferred to Finished Goods?
$1300000
$1240000
$1390000
$1000000
BACK Multiple Choice Question 77 Sunland Company completed Job No. B14 during 2019. The job cost...
BACK Multiple Choice Question 77 Sunland Company completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials $110000 Direct labor $100000 Manufacturing overhead applied $80000 Units produced 2000 units Units sold 1800 units How much is the cost of the finished goods on hand from this job? $332000 $ 29000 $290000 $261000
During 2019, Concord Corporation expected Job No. 51 to cost $200000 of overhead, $450000 of materials,...
During 2019, Concord Corporation expected Job No. 51 to cost $200000 of overhead, $450000 of materials, and $100000 in labor. Concord applied overhead based on direct labor cost. Actual production required an overhead cost of $215000, $490000 in materials used, and $140000 in labor. All of the goods were completed. What amount was transferred to Finished Goods? $845000 $910000 $830000 $750000
Question 7 Vaughn Manufacturing reported the following year-end information: $1080000 300000 900000 Beginning work in process...
Question 7 Vaughn Manufacturing reported the following year-end information: $1080000 300000 900000 Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead 480000 9200000 820000 790000 Vaughn Manufacturing's cost of goods manufactured for the year is 0 $10450000. O $10990000. O $10810000. 0 $10630000. Question 8 Concord Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec....
Waterway Industries uses job order costing for its brand new line of sewing machines. The cost...
Waterway Industries uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2010 totaled $13000 of materials $9000 of direct labor costs, and $6000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $10000, and the ending balance is $7000. During the year, the company completed...
Sheridan Company completed Job No. B14 during 2019. The job cost sheet listed the following: Direct...
Sheridan Company completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials Direct labor Manufacturing overhead applied Units produced Units sold $60000 $50000 $30000 5000 units 4800 units How much is the cost of the finished goods on hand from this job? O $178800 O $ 5600 O $140000 O $134400
Current Attempt in Progress Marigold Corp.completed Job No. B14 during 2017. The job cost sheet listed...
Current Attempt in Progress Marigold Corp.completed Job No. B14 during 2017. The job cost sheet listed the following: Direct materials Direct labor Manufacturing overhead applied Units produced $60000 $50000 $30000 4000 units Units sold 2800 units How much is the cost of the finished goods on hand from this job? $42000 $106000 $140000 $98000 Save for Later Attempts: 0 F ODO F5 DIL
Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw...
Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead $1080000 300000 900000 480000 940000 840000 800000 Coronado Industries's cost of goods manufactured for the year is O $2760000. $2220000. $2580000. $2400000. Question 7 Swifty Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31, 2020 $320000...
Facebook Facebook George Wilms During 2019. Mayco expected Job No. 59 to cost $300,000 of overhead,...
Facebook Facebook George Wilms During 2019. Mayco expected Job No. 59 to cost $300,000 of overhead, $500,000 of materials, and $200,000 in labor. Mayco applied overhead based on 150% of direct labor cost. Actual production required an overhead cost of $295,000 $570,000 in materials used, and $220,000 in labor. All of the goods were completed. How much is the amount of over-or underapplied overhead? O $35.000 overapplied O $5,000 underapplied O $5,000 overapplied O $35.000 underapplied Question 13 5 pts...
During 2019, Crane Company expected Job No. 26 to cost $300000
of overhead, $500000 of materials, and $200000 in labor. Crane
applied overhead based on direct labor cost. Actual production
required an overhead cost of $330000, $580000 in materials used,
and $250000 in labor. All of the goods were completed. What amount
was transferred to Finished Goods?
$1000000
$1130000
$1205000
$1160000
During 2017, Vaughn Manufacturing expected Job No. 26 to cost
$300000 of overhead, $500000 of materials, and $200000 in labor.
Vaughn applied overhead based on direct labor cost. Actual
production required an overhead cost of $360000, $640000 in
materials used, and $300000 in labor. All of the goods were
completed. What amount was transferred to Finished Goods?
$1300000
$1240000
$1390000
$1000000
BACK Multiple Choice Question 77 Sunland Company completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials $110000 Direct labor $100000 Manufacturing overhead applied $80000 Units produced 2000 units Units sold 1800 units How much is the cost of the finished goods on hand from this job? $332000 $ 29000 $290000 $261000
Question 7 Vaughn Manufacturing reported the following year-end information: $1080000 300000 900000 Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead 480000 9200000 820000 790000 Vaughn Manufacturing's cost of goods manufactured for the year is 0 $10450000. O $10990000. O $10810000. 0 $10630000. Question 8 Concord Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec....
Waterway Industries uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2010 totaled $13000 of materials $9000 of direct labor costs, and $6000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $10000, and the ending balance is $7000. During the year, the company completed...
Sheridan Company completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials Direct labor Manufacturing overhead applied Units produced Units sold $60000 $50000 $30000 5000 units 4800 units How much is the cost of the finished goods on hand from this job? O $178800 O $ 5600 O $140000 O $134400
Current Attempt in Progress Marigold Corp.completed Job No. B14 during 2017. The job cost sheet listed the following: Direct materials Direct labor Manufacturing overhead applied Units produced $60000 $50000 $30000 4000 units Units sold 2800 units How much is the cost of the finished goods on hand from this job? $42000 $106000 $140000 $98000 Save for Later Attempts: 0 F ODO F5 DIL
Question 9 Coronado Industries reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead $1080000 300000 900000 480000 940000 840000 800000 Coronado Industries's cost of goods manufactured for the year is O $2760000. $2220000. $2580000. $2400000. Question 7 Swifty Corporation's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31, 2020 $320000...
Facebook Facebook George Wilms During 2019. Mayco expected Job No. 59 to cost $300,000 of overhead, $500,000 of materials, and $200,000 in labor. Mayco applied overhead based on 150% of direct labor cost. Actual production required an overhead cost of $295,000 $570,000 in materials used, and $220,000 in labor. All of the goods were completed. How much is the amount of over-or underapplied overhead? O $35.000 overapplied O $5,000 underapplied O $5,000 overapplied O $35.000 underapplied Question 13 5 pts...
Most questions answered within 3 hours.
-
The activation energy for a given reaction is 50.3 kJ/mol. If
the rate constant for the...
asked 1 minute from now -
An entomologist discovers a dung beetle rolling a ball of dung
along the ground, and decides...
asked 1 hour ago -
Humans have used horses for transportation for millions of
years. Therefore, they will use horses for...
asked 3 hours ago -
The following are the Jensen Corporation's unit costs of making
and selling an item at a...
asked 4 hours ago -
Does direct Medicare reimbursement of Advanced practice nurses
increase access to their services?
asked 4 hours ago -
List and explain why a company would choose to use a
published
compensation survey vs. creating...
asked 5 hours ago -
A discrete random variable X can take values from 1 to 10. Find
the variance of...
asked 5 hours ago -
The primary financial goal of a corporation is to maximize:
shareholders wealth.
earnings per share.
stock...
asked 5 hours ago -
determine whether the vectors u=(1,2,3,), v=(-2,1,0) and
w=(1,0,1) are linearly dependent or independent.
asked 5 hours ago -
python
Define a function called print_values which takes a dictionary
object as a parameter. The function...
asked 6 hours ago -
In Chapter 1 you created a program named Triangle in
which you displayed a seven-line triangle...
asked 6 hours ago -
Research question: What are the differences between separately
stated and non separately stated transactions in an...
asked 6 hours ago