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Answer: Option ( A ) $43,000
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Jilly Boel Co. produces pillows. In the first half of 2020, it had the following overhead...
Marcelino Co.'s March 31 inventory of raw materials is $80,000
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $23,000; factory rent, $32,000; factory utilities, $19,000, and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow.
Rasmussen Corporation expects to incur indirect overhead costs of $80,000 per month and direct manufacturing costs...
Rasmussen Corporation expects to incur indirect overhead costs of $80,000 per month and direct manufacturing costs of $12 per unit. The expected production activity for the first four months of the year are as follows. Estimated production in units January February March 6,000 7,000 3,000 April 4,000 Required a. Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year. b. Allocate overhead costs to each...
The LaGrange Corporation had the following budgeted sales for the first half of the current year:...
The LaGrange Corporation had the following budgeted sales for the first half of the current year: Cash Sales Credit Sales January $ 50,000 $ 150,000 February $ 55,000 $ 170,000 March $ 43,000 $ 130,000 April $ 38,000 $ 123,000 May $ 48,000 $ 200,000 June $ 80,000 $ 170,000 The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections...
The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a...
The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period. Machine- Hours Manufacturing Overhead January 6,000 $ 300,000 February 3,200 224,000 March 4,900 263,800 April 2,700 180,000 a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. (Round your answer to 2 decimal places.) a-2. Use the high-low method to determine the fixed element of monthly overhead cost. b. Bursa expects machine-hours in May to...
The Tyson Company assembles and sells computer boards in westem Pennsylvania. In an effort to improve...
The Tyson Company assembles and sells computer boards in westem Pennsylvania. In an effort to improve the planning and control of shipping expenses, management is trying to detemine which of three variables units shipped, weight shipped, or sales value of units shipped - has the closest relationship with shipping expenses. The following information is available Month Ma Ma Units ShippeWeight Shipped (lbsSales Val.-Units ShippeShipping Expense 2,500 2,500 3,000 3,000 3,300 3,400 3,500 3,500 3,600 3,600 3,800 4,000 4,000 4,000 4,100...
The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-mo...
The following information is available regarding the total manufacturing overhead of Bursa Mfg. Co. for a recent four-month period. Machine- Hours Manufacturing Overhead January 6,000 $ 320,000 February 3,200 224,000 March 4,900 264,000 April 2,500 180,000 a-1. Use the high-low method to determine the variable element of manufacturing overhead costs per machine-hour. a-2. Use the high-low method to determine the fixed element of monthly overhead cost. b. Bursa expects machine-hours in May to equal 4,500. Use the cost relationships determined...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363.000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor $23,000; factory rent, $32,000; factory utilities. $19,000, and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $570,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor, $26,000; factory rent, $33,000; factory utilities, $19,000; and factory equipment depreciation, $57,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $675,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
The LaGrange Corporation had the following budgeted sales for the first half of the current year:...
The LaGrange Corporation had the following budgeted sales for the first half of the current year: Cash Sales Credit Sales January $ 60,000 $ 160,000 February $ 65,000 $ 180,000 March $ 50,000 $ 140,000 April $ 45,000 $ 130,000 May $ 55,000 $ 210,000 June $ 90,000 $ 240,000 The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections...
The LaGrange Corporation had the following budgeted sales for the first half of the current year:...
The LaGrange Corporation had the following budgeted sales for the first half of the current year: 3 Cash Credit Sales $ 80,000 $180,000 $ 85,000 $200,000 $ 46,000 $160,000 $ 41,000 $126,000 51,000 $230,000 $110,000 $200,000 Sales January February March April points une Skipped The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled eBook Print Collections on sales 45% in...
Rasmussen Corporation expects to incur indirect overhead costs of $80,000 per month and direct manufacturing costs of $12 per unit. The expected production activity for the first four months of the year are as follows. Estimated production in units January February March 6,000 7,000 3,000 April 4,000 Required a. Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year. b. Allocate overhead costs to each...
The Tyson Company assembles and sells computer boards in westem Pennsylvania. In an effort to improve the planning and control of shipping expenses, management is trying to detemine which of three variables units shipped, weight shipped, or sales value of units shipped - has the closest relationship with shipping expenses. The following information is available Month Ma Ma Units ShippeWeight Shipped (lbsSales Val.-Units ShippeShipping Expense 2,500 2,500 3,000 3,000 3,300 3,400 3,500 3,500 3,600 3,600 3,800 4,000 4,000 4,000 4,100...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363.000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor $23,000; factory rent, $32,000; factory utilities. $19,000, and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job...
The LaGrange Corporation had the following budgeted sales for the first half of the current year: 3 Cash Credit Sales $ 80,000 $180,000 $ 85,000 $200,000 $ 46,000 $160,000 $ 41,000 $126,000 51,000 $230,000 $110,000 $200,000 Sales January February March April points une Skipped The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled eBook Print Collections on sales 45% in...
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