C. $8,500
Factory overhead incurred = Indirect labor + Property taxes + Head, light and power + Insurance
Factory overhead incurred = $6,500 + $800 + $1,000 + $200
Factory overhead incurred = $8,500
B&T Company's production costs for May are direct labor, $13,000 indirect labor, $6,500, direct materials, $15,000,...
The B&T Company's production costs for May are: direct labor, $22,000; indirect labor, $7,400; direct materials, $15,900; property taxes on production facility, $890; factory heat, lights and power, $1,090; and insurance on plant and equipment, $290. B&T Company's factory overhead incurred for May is: Multiple Choice Ο $47,570. Ο $7,400. Ο $23,300. Ο $9,670. Ο ( ) $2,270, < Prev 8 of 251 Next >
B&T Company's production costs for May are: direct labor, $24,000; indirect labor, $7,600; direct materials, $14,900; property taxes on production facility, $790; factory heat, lights and power, $990; and insurance on plant and equipment, $190. B&T Company's factory overhead incurred for May is: $9,570. $22,500. $48,470. $1,970. $7,600.
Peacock Ltd.'s production cost for August are: Amount Particulars Direct Labor Indirect Labor Direct Materials Property Taxes on Production equipment Heat, Light and Power Insurance on Plant and Equipment 15,000 8,000 32.000 1,200 2.500 500 Calculate Peacock Ltd.'s factory overheads for August a. Factory overheads for August are $21,500 b. Factory overheads for August are $12.200 c. Factory overheads for August are $27,200 d. Factory overheads for August are $30,000
Production in Units3,000 Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries 1,900 Maintenance Depreciation S 7,500 18,000 2,100 1,000 4,500 1,100 2,400 Instructions (o) Identify the above costs as variable fixed. or mixed (b) Calculate the expected costs when production is 5,000 units.
Manufacturing overhead costs incurred: Indirect materials $15,000 Indirect labor 130,000 Property taxes, factory 8,000 Utilities, factory 70,000 Depreciation, factory 240,000 Insurance, factory 10,000 Total actual manufacturing overhead costs incurred $473,000 Other costs incurred: Purchases of raw materials (both direct and indirect) $400,000 Direct labor cost $60,000 Inventories: Raw materials, beginning $20,000 Raw materials, ending $30,000 Work in process, beginning $20,000 Work in process, ending $70,000 The company uses a predetermined overhead rate of $25 per machine-hour to apply overhead...
Assume that a manufacturing company incurred the following costs: Direct labor $ 90,000 Advertising $ 40,000 Factory supervision $ 32,000 Sales commissions $ 15,000 Depreciation, office equipment $ 4,000 Indirect materials $ 5,000 Depreciation, factory building $ 20,000 Administrative office salaries $ 1,000 Utilities, factory $ 2,500 Direct materials $ 102,000 Insurance, factory $ 7,000 Property taxes, factory $ 7,000 If the information above pertains to 1,000 units of production, what is its average manufacturing cost per unit?
Widmer Watercraft's predetermined overhead rate is 200% of direct labor. Information on the company's production activities during May follows. a. Purchased raw materials on credit, $200,000. b. Materials requisitions record use of the following materials for the month. Job 136 Job 137 Job 138 Job 139 Job 140 Total direct materials Indirect materials Total materials used $ 48,500 33,500 20,000 22,600 6,600 131,200 20,000 $ 151,200 c. Paid $15,000 cash to a computer consultant to reprogram factory equipment. d. Time...
Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) $400,00e Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 15,00e 130,e00 8,000 240,000 10,000 $473,00e $ 20,00e 30,000 $ 40,000e $ 70,00e The company uses a predetermined overhead rate of $25 per machine-hour to apply...
Widmer Watercraft's predetermined overhead rate is 200 % of direct labor. Information on the company's production activities during May follows. a. Purchased raw materials on credit, $220,000. b. Materials requisitions record use of the following materials for the month. 48,500 34,000 Job 136 Job 137 Job 138 Job 139 19,600 22,800 6,600 131,500 19,500 Job 140 Total direct materials Indirect materials $151,000 Total materials used c. Paid $16,000 cash to a computer consultant to reprogram factory equipment d. Time tickets...
During June, Buttrey Corporation incurred $84.000 of Grect labor costs and $24,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a Multiple Choice debt to work in Process of 504.000 Cred to work in Process of SOB,000 o o debit to Work in Process of $100,000 o credit to Work in Process of 4000 Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's Inventory balances were as...