Homework Answers
| Factory Overhead Application Rate = Factory Overhead Applied Rate/ Direct Labour |
| =6400/34000=18.823% |
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Kayak Company uses a job order costing system and allocates its overhead on the basis of...
Cosi Company uses a job order costing system and allocates its overhead on the basis of...
Cosi Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Cosi expects to incur $770,000 of overhead during the next period, and expects to use 47,000 labor hours at a cost of $10.00 per hour. What is Cosi Company's predetermined overhead rate? Multiple Choice 6.10%. 61.0%. 164% 1638%.
Cosi Company uses a job order costing system and allocates its overhead on the basis of...
Cosi Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Cosi expects to incur $770,000 of overhead during the next period, and expects to use 47,000 labor hours at a cost of $10.00 per hour. What is Cosi Company's predetermined overhead rate? Multiple Choice 6.10%. 61.0%. 164% 1638%.
Kayak Company uses a job order costing system and alocates overhead on the basis of direct...
Kayak Company uses a job order costing system and alocates overhead on the basis of direct labor costs. Knyok Comowy production costs for the year were direct obor $30.000 de metals 50.000 and factory overhead opted $6.000 The overhead applicabon rate was: OSCO 2009 O 50% O 00 07
Cosi Company uses a job order costing system and allocates its overhead on the basis of...
Cosi Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Cosi expects to incur $800,000 of overhead during the next period, and expects to use 50.000 labor hours at a cost of $10.00 per hour. What is Cost Company's predetermined overhead rote?
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee...
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,700 of direct materials and used $3.200 of direct labor. The job was not finished by the end of the month, but needed an additional $2,200 of direct materials in October and additional direct labor of $5,700 to finish the job. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost. What...
#2 Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $204,000 of...
#2
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $204,000 of raw materials on credit; issued materials to production of $201,000 of which $24,000 were Indirect. Minstrel incurred a factory payroll of $156.000, of which $34,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period are Multiple Choice Ο O 7000 ο O 9506000 ο Ο 46513000 Ο 82.000.
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $208,000 of raw...
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $208,000 of raw materials on credit; issued materials to production of $205,000 of which $20,000 were indirect. Minstrel incurred a factory payroll of $160,000, of which $30,000 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. If Minstrel incurred total overhead costs of $189,000 during the month, compute the amount of under-or overapplied overhead: Multiple Choice Ο O $6,000 underapplied....
Alles Company uses a job costing system that applies factory overhead on the basis of direct...
Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in proce February 1. During the month of February, the company worked on these three jobs: Direct labor ($8/hour) Direct materials overhead applied Job Number B10 044 G15 $34,000 ? $10,000 42,000 61,000 ? 2 20,750 6,000 During the month, the company completed and transferred Job B10 to the Finished Goods Inventory. Jobs C44 and G15 were not completed...
Ecola Company uses a job order costing system. Manufacturing overhead is applied on the basis of...
Ecola Company uses a job order costing system. Manufacturing
overhead is applied on the basis of direct labor cost. Total
manufacturing overhead was estimated to be $214,500 for the year;
direct labor was estimated to total $195,000.
(a) Calculate the predetermined overhead rate.
(b) Calculate cost of goods manufactured.
(c) Calculate the over- or underapplied overhead. (Input the
amount as positive value.)
(d) Calculate adjusted cost of goods sold.
Raw Materials Inventory Work in Process Inventory Finished Goods Inventory (1/1)...
Cadbury Company uses a job order costing system. Manufacturing overhead is applied on the basis of...
Cadbury Company uses a job order costing system. Manufacturing overhead is applied on the basis of direct labor cost. Total manufacturing overhead was estimated to be $144,020 for the year; direct labor was estimated to total $151,600. (1/1) (12/31) Raw Materials Inventory $ 14,400 $ 9,900 Work in Process Inventory $ 19,300 $ 22,100 Finished Goods Inventory $ 42,400 $ 30,600 The following transactions have occurred during the year. Raw materials purchases $ 110,000 Direct materials used $ 103,100 Direct...
Cosi Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Cosi expects to incur $770,000 of overhead during the next period, and expects to use 47,000 labor hours at a cost of $10.00 per hour. What is Cosi Company's predetermined overhead rate? Multiple Choice 6.10%. 61.0%. 164% 1638%.
Cosi Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Cosi expects to incur $770,000 of overhead during the next period, and expects to use 47,000 labor hours at a cost of $10.00 per hour. What is Cosi Company's predetermined overhead rate? Multiple Choice 6.10%. 61.0%. 164% 1638%.
Kayak Company uses a job order costing system and alocates overhead on the basis of direct labor costs. Knyok Comowy production costs for the year were direct obor $30.000 de metals 50.000 and factory overhead opted $6.000 The overhead applicabon rate was: OSCO 2009 O 50% O 00 07
Cosi Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Cosi expects to incur $800,000 of overhead during the next period, and expects to use 50.000 labor hours at a cost of $10.00 per hour. What is Cost Company's predetermined overhead rote?
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,700 of direct materials and used $3.200 of direct labor. The job was not finished by the end of the month, but needed an additional $2,200 of direct materials in October and additional direct labor of $5,700 to finish the job. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost. What...
#2
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $204,000 of raw materials on credit; issued materials to production of $201,000 of which $24,000 were Indirect. Minstrel incurred a factory payroll of $156.000, of which $34,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period are Multiple Choice Ο O 7000 ο O 9506000 ο Ο 46513000 Ο 82.000.
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $208,000 of raw materials on credit; issued materials to production of $205,000 of which $20,000 were indirect. Minstrel incurred a factory payroll of $160,000, of which $30,000 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. If Minstrel incurred total overhead costs of $189,000 during the month, compute the amount of under-or overapplied overhead: Multiple Choice Ο O $6,000 underapplied....
Alles Company uses a job costing system that applies factory overhead on the basis of direct labor dollars. No job was in proce February 1. During the month of February, the company worked on these three jobs: Direct labor ($8/hour) Direct materials overhead applied Job Number B10 044 G15 $34,000 ? $10,000 42,000 61,000 ? 2 20,750 6,000 During the month, the company completed and transferred Job B10 to the Finished Goods Inventory. Jobs C44 and G15 were not completed...
Ecola Company uses a job order costing system. Manufacturing
overhead is applied on the basis of direct labor cost. Total
manufacturing overhead was estimated to be $214,500 for the year;
direct labor was estimated to total $195,000.
(a) Calculate the predetermined overhead rate.
(b) Calculate cost of goods manufactured.
(c) Calculate the over- or underapplied overhead. (Input the
amount as positive value.)
(d) Calculate adjusted cost of goods sold.
Raw Materials Inventory Work in Process Inventory Finished Goods Inventory (1/1)...
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