Homework Answers
Hai.
Answer 1
True.
The three manufacturing costs are direct materials cost, direct labor cost and manufacturing overhead.
Answer 2
Job cost sheet
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this quiz is worth 20 points. w-Hill Con- D Question 1 1 pts The three manufacturing...
Quiz: Ch17-Quiz Submit Quiz This Question: 1 pt 7 of 20 This Quiz: 20 pts possible...
Quiz: Ch17-Quiz Submit Quiz This Question: 1 pt 7 of 20 This Quiz: 20 pts possible Q - dot Manufacturing uses a predetermined overhead allocation rate based on direct labor hours. It has provided the following information for the year: Manufacturing overhead costs allocated to production Actual direct materials cost Actual direct labor cost Actual direct labor hours Estimated machine hours 190,000 $560,000 $2,480,000 9,440 direct labor hours 170,000 machine hours Based on the above information, calculate Q-dot's predetermined overhead...
Question 21 5 pts In a job order costing system manufacturing overhead is applied to jobs...
Question 21 5 pts In a job order costing system manufacturing overhead is applied to jobs using actual and not estimated costs. True O False Question 22 5 pts Which of the following statements about using a plantwide overhead rate based on direct laboris correct? Using a plantwide overhead rate based on direct labor costs will ensure that direct labor costs will be correctly traced to jobs. The labor theory of value ensures that using a plantwide overhead rate based...
CH 3 Quiz ACG 2071 Spring 2019 Quiz: CH 3 Quiz This Question: 1 pt Joseph...
CH 3 Quiz ACG 2071 Spring 2019 Quiz: CH 3 Quiz This Question: 1 pt Joseph Pellicano & Time Remaining: 00:43.06 Submit Quiz 4 of 20 (4 complete) This Quiz: 20 pts possible ot Showboat Corporation had actual manufacturing overhead costs for the most recent year of $29,900. Manufacturing overhead is allocated using a predetermined manufacturing overhead rate of $4.25 per direct labor hour. Direct labor cost is $28 per hour. At the end of the year, Cabaret Corporation found...
QUIZ QUIZ 2 This Question: 1 pt 7 of 10 (0 complete) This Quiz: 10 pts...
QUIZ QUIZ 2 This Question: 1 pt 7 of 10 (0 complete) This Quiz: 10 pts pos Selmon Corporation produces a single product. The standard costs for one unit of its Plaza product are as follows: (Click the icon to view the standard costs for one unit.) During November Year 2, 4,100 units of Plaza were produced. The costs associated with November operations were as follows: (Click the icon to view the cos.) What is the variable overhead e ciency...
THIS QUESTION HAS MULTIPLE STEPS. 1) Pedriani Company uses a job order cost system and applies...
THIS QUESTION HAS MULTIPLE STEPS.
1) Pedriani Company uses a job order cost system and applies
overhead on the basis of direct labor hours. On Jan01, 2017, Job
No. 25 was the only job in process. Costs incurred prior to Jan01
on this job were as follows: direct materials $10,000; direct labor
$6,000; and manufacturing overhead $9,000. Job No. 23 had been
completed at a cost of $42,000 and was part of finished goods
inventory. There was a $5,000 balance...
Question 3 1 pts maintenance, supervision are direct labor costs True ︵ False D Question 4...
Question 3 1 pts maintenance, supervision are direct labor costs True ︵ False D Question 4 2 pts materials used on a job are written on which of the following bill of materials material requisition form production order O
(c) (d) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing...
(c) (d) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January. Record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary Total the job cost sheets for any job(s) completed during the month. Record the completion of any job(s) during the...
Question 1 12 pts Imani is the controller for Extreme Enterprises, a manufacturing firm that makes...
Question 1 12 pts Imani is the controller for Extreme Enterprises, a manufacturing firm that makes processing chips for phones and computers. Each order is considered a "job" for the firm. Imani has direct costs related to Job 45344 as follows: • 12 hours of labor @ $19 per hour and $2,098 of materials In addition, Extreme estimates its overhead related to the manufacture of chips to be $141,185 for the year. The company expects to do 72,178 jobs for...
Question 9 8 pts 1. The Collins Company uses predetermined overhead rates to apply manufacturing overhead...
Question 9 8 pts 1. The Collins Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor costs in Dept. A and machinebours in Dept. B. at the beginning of the year, the company made the following estimates: Dept.A Dept. B Direct Labor cost........................ $65,000 $42.000 Manufacturing overhead..................$91,000 $48,000 Direct Labor-hours.......................8,000 hours 10,000 hours Machine hours........................... 3,000 hours 12.000 hours a. What is the predetermined overhead rate for department A? b....
Journalizing transactions; calculating overhead; adjusting manufacturing overhead At the beginning of the period, Jan. 1, three...
Journalizing transactions; calculating overhead; adjusting manufacturing overhead At the beginning of the period, Jan. 1, three jobs were in process: Job 400 (DM= $2,500; DL = $3,500; MO = $2,275), and Job 401 (DM = $6,000; DL = $6,400; MO = $4,160), Job 402 (DM = 1,900; DL = 4,800; MO = $3,120) Create job cost sheets for each job. During the month Job 403 was started. Create a job sheet for this job. **Just title the last job cost sheet – Job...
Quiz: Ch17-Quiz Submit Quiz This Question: 1 pt 7 of 20 This Quiz: 20 pts possible Q - dot Manufacturing uses a predetermined overhead allocation rate based on direct labor hours. It has provided the following information for the year: Manufacturing overhead costs allocated to production Actual direct materials cost Actual direct labor cost Actual direct labor hours Estimated machine hours 190,000 $560,000 $2,480,000 9,440 direct labor hours 170,000 machine hours Based on the above information, calculate Q-dot's predetermined overhead...
Question 21 5 pts In a job order costing system manufacturing overhead is applied to jobs using actual and not estimated costs. True O False Question 22 5 pts Which of the following statements about using a plantwide overhead rate based on direct laboris correct? Using a plantwide overhead rate based on direct labor costs will ensure that direct labor costs will be correctly traced to jobs. The labor theory of value ensures that using a plantwide overhead rate based...
CH 3 Quiz ACG 2071 Spring 2019 Quiz: CH 3 Quiz This Question: 1 pt Joseph Pellicano & Time Remaining: 00:43.06 Submit Quiz 4 of 20 (4 complete) This Quiz: 20 pts possible ot Showboat Corporation had actual manufacturing overhead costs for the most recent year of $29,900. Manufacturing overhead is allocated using a predetermined manufacturing overhead rate of $4.25 per direct labor hour. Direct labor cost is $28 per hour. At the end of the year, Cabaret Corporation found...
QUIZ QUIZ 2 This Question: 1 pt 7 of 10 (0 complete) This Quiz: 10 pts pos Selmon Corporation produces a single product. The standard costs for one unit of its Plaza product are as follows: (Click the icon to view the standard costs for one unit.) During November Year 2, 4,100 units of Plaza were produced. The costs associated with November operations were as follows: (Click the icon to view the cos.) What is the variable overhead e ciency...
THIS QUESTION HAS MULTIPLE STEPS.
1) Pedriani Company uses a job order cost system and applies
overhead on the basis of direct labor hours. On Jan01, 2017, Job
No. 25 was the only job in process. Costs incurred prior to Jan01
on this job were as follows: direct materials $10,000; direct labor
$6,000; and manufacturing overhead $9,000. Job No. 23 had been
completed at a cost of $42,000 and was part of finished goods
inventory. There was a $5,000 balance...
Question 3 1 pts maintenance, supervision are direct labor costs True ︵ False D Question 4 2 pts materials used on a job are written on which of the following bill of materials material requisition form production order O
(c) (d) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January. Record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary Total the job cost sheets for any job(s) completed during the month. Record the completion of any job(s) during the...
Question 1 12 pts Imani is the controller for Extreme Enterprises, a manufacturing firm that makes processing chips for phones and computers. Each order is considered a "job" for the firm. Imani has direct costs related to Job 45344 as follows: • 12 hours of labor @ $19 per hour and $2,098 of materials In addition, Extreme estimates its overhead related to the manufacture of chips to be $141,185 for the year. The company expects to do 72,178 jobs for...
Question 9 8 pts 1. The Collins Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor costs in Dept. A and machinebours in Dept. B. at the beginning of the year, the company made the following estimates: Dept.A Dept. B Direct Labor cost........................ $65,000 $42.000 Manufacturing overhead..................$91,000 $48,000 Direct Labor-hours.......................8,000 hours 10,000 hours Machine hours........................... 3,000 hours 12.000 hours a. What is the predetermined overhead rate for department A? b....
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