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Question 31 For Kiqui Company, the predetermined overhead rate is 120% of direct labour cost. During the month of June 2020, Kiqui incurred $54,320 of factory labour costs, of which $48,300 was direct labour and $6,020 was indirect labour. Actual overhead incurred in June 2020 was $72,470. Calculate the amount of manufacturing overhead applied during the month. Manufacturing overhead applied LINK TO TEXT Determine the amount of under- or over-applied manufacturing overhead. Manufacturing overheads LINK TO TEXT Prepare the adjusting...
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Question 31 For Kiqui Company, the predetermined overhead rate is 120% of direct labour cost. During the month of June 2020, Kiqui incurred $54,180 of factory labour costs, of which $49,200 was Actual overhead incurred in June 2020 was $70,740. Calculate the amount of manufacturing overhead applied during the month. Manufacturing overhead applied $ LINK TO TEXT Determine the amount of under- or over-applied manufacturing overhead. Manufacturing overheads LINK TO TEXT Prepare the adjusting entry for the under- or over-applied...
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Question 32 During the first quarter of 2020, Frenchie Company reports the following: 1. Estimated overhead $221,914 2. Actual overhead $220,370 3. Estimated labour costs $169,400 4. Actual labour costs $175,800 The company allocates its overhead on the basis of direct labour cost. Calculate the predetermined overhead rate. (Round answer to the nearest whole percentage, e.g. 152%.) Predetermined overhead rate LINK TO TEXT LINK TO TEXT Calculate the over- or under-applied manufacturing overhead. (Round answers to the nearest whole dollar,...
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During the first quarter of 2020, Frenchie Company reports the following: 1. Estimated overhead $221,652 2. Actual overhead $219,000 3. Estimated labour costs $169,200 4. Actual labour costs $170,800 The company allocates its overhead on the basis of direct labour cost. Calculate the predetermined overhead rate. (Round answer to the nearest whole percentage, e.g. 152%.) Predetermined overhead rate 131% LINK TO TEXT LINK TO TEXT Calculate the over- or under-applied manufacturing overhead. (Round answers to the nearest whole dollar, e.g....
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During the first quarter of 2020, Frenchie Company reports the following: 1. Estimated overhead $222,045 2. Actual overhead $220,760 3. Estimated labour costs $169,500 4. Actual labour costs $175,600 The company allocates its overhead on the basis of direct labour cost. Calculate the predetermined overhead rate. (Round answer to the nearest whole percentage, e.g. 152%.) Predetermined overhead rate LINK TO TEXT LINK TO TEXT Calculate the over- or under-applied manufacturing overhead. (Round answers to the nearest whole dollar, e.g. 5,275.)...
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Question 1 For Crane Company, the predetermined overhead rate is 120% of direct labor cost. During the month, Crane incurred $100,000 of factory labor costs, of which $80,000 is direct labor and $20,000 is indirect labor. Actual overhead incurred was $100,000. Compute the amount of manufacturing overhead applied during the month. Manufacturing overhead applied LINK TO TEXT Determine the amount of under-or overapplied manufacturing overhead. manufacturing overhead $
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Lott Company uses a job order 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 $21,800,
direct labor $13,080, and manufacturing overhead $17,440. As of
January 1, Job 49 had been completed at a cost of $98,100 and was
part of finished goods inventory. There was a $16,350...
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Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,000, direct labour $15,000, and manufacturing overhead $20,000. As of January 1, Job No. 49 had been completed at a cost of $120,000 and was part of finished goods inventory. There...
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Problem 2-1A (Video) Latt Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Jab 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $20,600, direct labar $12,360, and manufacturing overhead $16,480. As of January 1, Job 49 had been carnpleted at a cost of $92,700 and was part of finished goods inventory. There...
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Problem 2-1A (Video) Lott Company uses a job order 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 $21,800, direct labor $13,080, and manufacturing overhead $17,440. As of January 1, Job 49 had been completed at a cost of $98,100 and was part of finished goods inventory. There...
Question 31 For Kiqui Company, the predetermined overhead rate is 120% of direct labour cost. During the month of June 2020, Kiqui incurred $54,320 of factory labour costs, of which $48,300 was direct labour and $6,020 was indirect labour. Actual overhead incurred in June 2020 was $72,470. Calculate the amount of manufacturing overhead applied during the month. Manufacturing overhead applied LINK TO TEXT Determine the amount of under- or over-applied manufacturing overhead. Manufacturing overheads LINK TO TEXT Prepare the adjusting...
Question 31 For Kiqui Company, the predetermined overhead rate is 120% of direct labour cost. During the month of June 2020, Kiqui incurred $54,180 of factory labour costs, of which $49,200 was Actual overhead incurred in June 2020 was $70,740. Calculate the amount of manufacturing overhead applied during the month. Manufacturing overhead applied $ LINK TO TEXT Determine the amount of under- or over-applied manufacturing overhead. Manufacturing overheads LINK TO TEXT Prepare the adjusting entry for the under- or over-applied...
Question 32 During the first quarter of 2020, Frenchie Company reports the following: 1. Estimated overhead $221,914 2. Actual overhead $220,370 3. Estimated labour costs $169,400 4. Actual labour costs $175,800 The company allocates its overhead on the basis of direct labour cost. Calculate the predetermined overhead rate. (Round answer to the nearest whole percentage, e.g. 152%.) Predetermined overhead rate LINK TO TEXT LINK TO TEXT Calculate the over- or under-applied manufacturing overhead. (Round answers to the nearest whole dollar,...
During the first quarter of 2020, Frenchie Company reports the following: 1. Estimated overhead $221,652 2. Actual overhead $219,000 3. Estimated labour costs $169,200 4. Actual labour costs $170,800 The company allocates its overhead on the basis of direct labour cost. Calculate the predetermined overhead rate. (Round answer to the nearest whole percentage, e.g. 152%.) Predetermined overhead rate 131% LINK TO TEXT LINK TO TEXT Calculate the over- or under-applied manufacturing overhead. (Round answers to the nearest whole dollar, e.g....
During the first quarter of 2020, Frenchie Company reports the following: 1. Estimated overhead $222,045 2. Actual overhead $220,760 3. Estimated labour costs $169,500 4. Actual labour costs $175,600 The company allocates its overhead on the basis of direct labour cost. Calculate the predetermined overhead rate. (Round answer to the nearest whole percentage, e.g. 152%.) Predetermined overhead rate LINK TO TEXT LINK TO TEXT Calculate the over- or under-applied manufacturing overhead. (Round answers to the nearest whole dollar, e.g. 5,275.)...
Question 1 For Crane Company, the predetermined overhead rate is 120% of direct labor cost. During the month, Crane incurred $100,000 of factory labor costs, of which $80,000 is direct labor and $20,000 is indirect labor. Actual overhead incurred was $100,000. Compute the amount of manufacturing overhead applied during the month. Manufacturing overhead applied LINK TO TEXT Determine the amount of under-or overapplied manufacturing overhead. manufacturing overhead $
Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,000, direct labour $15,000, and manufacturing overhead $20,000. As of January 1, Job No. 49 had been completed at a cost of $120,000 and was part of finished goods inventory. There...
Problem 2-1A (Video) Latt Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Jab 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $20,600, direct labar $12,360, and manufacturing overhead $16,480. As of January 1, Job 49 had been carnpleted at a cost of $92,700 and was part of finished goods inventory. There...
Problem 2-1A (Video) Lott Company uses a job order 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 $21,800, direct labor $13,080, and manufacturing overhead $17,440. As of January 1, Job 49 had been completed at a cost of $98,100 and was part of finished goods inventory. There...