Answer :- If Macon expects to use 11,500 machine hours next month, the estimated direct labor costs are:-
VC per unit = $275,000 - $123,000 / 16,000 - 6,000
VC per unit = $15.2
FC = $123,000 - ( $15.2 *6,000)
FC = $31,800
Direct labor cost = ( $15.2 * 11,500) + $31,800
Direct labor cost = $206,600
So the correct answer is option B.( $206,600)
TB MC Qu. 5-46 The Macon Company uses the high-low... The Macon Company uses the high-low...
TB MC Qu. 5-46 The Macon Company uses the high-low... The Macon Company uses the high-low method to determine its cost equation. The following information was gathered for the past year: Machine Hours 20,000 8,000 Busiest month (June) Slowest month (December) Direct Labor Costs $250,000 $ 127,000 If Macon expects to use 14,500 machine hours next month, what are the estimated direct labor costs? O $172,000. O $179,125. $193,625. $148,625. O The Missou Manufacturing Company recorded overhead costs of $14,202...
TB MC Qu. 2-132 Lupo Corporation uses a job-order costing ... Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour 32,000 $352,000 $ 3.00 Recently, Job T687 was completed with the following characteristics: Z Number of units in the 10 job O A Total...
TB MC Qu. 2-135 Lupo Corporation uses a job-order costing ... Lupo Corporation uses a job order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based Its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour 32,600 $195,600 $ 4.00 Recently, Job T687 was completed with the following characteristics: Number of units in the 10 Job Total machine-hours Direct...
TB MC Qu. 2-133 (Algo) Lupo Corporation uses a job-order... Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Recently, Job T687 was completed with the following characteristics: 30,400 $425,600 $ 5 10 Number of units in the job Total machine-hours Direct materials Direct labor...
TB MC Qu. 2-135 (Algo) Lupo Corporation uses a job-order... Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Recently, Job T687 was completed with the following characteristics: 30,300 $575, 700 $ 4.00 Number of units in the job Total machine-hours Direct materials Direct labor...
TB MC Qu. 2-133 Lupo Corporation uses a job-order costing ... 13 Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine hours. The company based its predetermined overhead rate for the current year on the following data: 303 points 8 023525 Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 32,300 $581,400 $ 2 Print Recently, Job T687 was completed with the following characteristics 10 40 Number of units...
View previous stems 12 TB MC Qu. 2-135 Lupo Corporation uses a job-order costing ... ats Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data 3 01:10:59 Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour 32,000 $352,000 $ 3.00 Recently, Job T687 was completed with the following characteristics: 10 Number of units...
TB MC Qu. 2-104 Dehner Corporation uses a job-order ... Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-ho Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour 78,000 $ 460,200 $ 5.00 Recently in Recently, Job P951 was completed with the following characteristics: Number of units in the job Total...
Help Save 5 Et TB MC Qu. 2-113 Opunui Corporation has two manufacturing ... 21 Opunul Corporation has two manufacturing departments --Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: oints 8 00:58:20 Molding Estimated total machine-hours (MHS) 6,500 Estimated total fixed manufacturing overhead cost $ 27,000 Estimated variable manufacturing overhead cost per $ 1.50 MH Finishing 3,500 $ 3,100 $ 3.00 Total 10,000 $ 30,100 During the most...
TB MC Qu. 8-95 (Algo) Bentley Enterprises uses pluw Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The following information pertains to operations for November (CMA Exam adapted) Work in process, November 1st Started in production during November Work in process, November 30th Units 17,990 119,000 25,900 The beginning inventory was 70% complete as to materials and 10% complete as to conversion costs. The ending Inventory was 90% complete as...