Homework Answers
1)
| Overhead Rate | ||||
| Choose Numerator: | / | Choose Denominator: | = | Overhead Rate |
| Factory overhead | / | Direct labor | = | Overhead Rate |
| $148,000 | / | $540,000 | = | 27.4% |
2)
| Overhead Rate | ||||
| Choose Numerator: | / | Choose Denominator: | = | Overhead Rate |
| Factory overhead | / | Direct materials | = | Overhead Rate |
| $148,000 | / | $223,000 | = | 66.4% |
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work Saved Help Save & exits Check my w at the beginning of the year, a...
Help Save & Exit At the beginning of the year, a company estimates the following manufacturing...
Help Save & Exit At the beginning of the year, a company estimates the following manufacturing costs for the next period: direct labor, $528,000, direct materials, $180,000, and factory overhead, $125,000 Check Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its overhead cost as a percent of direct materials Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Compute its overhead cost as a percent of direct...
Check my work At the beginning of the year, Custom Mfg. established its predetermined overhead rate...
Check my work At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, S640,000, and direct materials costs, $200,000. At year-end, the company's records show that actual overhead costs for the year are $1,590,400. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods Inventory Jobs in work in process inventory Total actual direct materials cost $370,000 75,000 49,000 $494,000...
mework a Saved Help Save & Exit Subm Check my work Problem 15-4A Overhead allocation and...
mework a Saved Help Save & Exit Subm Check my work Problem 15-4A Overhead allocation and adjustment using a predetermined overhead rate LO P3, P4 At the beginning of the year, Learer Company's manager estimated total direct labor cost assuming 40 persons working an average of 2,000 hours each at an average wage rate of $30 per hour. The manager also estimated the following manufacturing overhead costs for the year. Indirect labor Factory supervision Rent on factory building Factory utilities...
At the beginning of the year, Infodeo established its predetermined overhead rate for movies produced during...
At the beginning of the year, Infodeo established its predetermined overhead rate for movies produced during the year by using the following cost predictions: overhead costs, $2,115,000, and direct labor costs, $450,000. At year-end, the company's records show that actual overhead costs for the year are $1,564,300. Actual direct labor cost had been assigned to jobs as follows. Movies completed and released Movies still in production Total actual direct labor cost $300,000 35,000 $335,000 1. Determine the predetermined overhead rate...
ework Saved Help Save & Exit Submit Check my work Selected T-accounts of Moore Company are...
ework Saved Help Save & Exit Submit Check my work Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Manufacturing Overhead Bal. 1/1 35,000 Credits ? Debits 188, 480 Credits Debits 160,000 Bal. 12/31 45,000 Work in Process Factory Wages Payable Bal. 1/1 40,000 Credits 530,000 Debits 225,000 Bal. 1/1 Direct materials 110,000 Credits Direct labor 210,000 Bal. 12/31 Overhead 218,400 Bal. 12/31 ? Finished Goods Cost of Goods Sold Bal. 1/1 60,000 Credits...
Check At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using...
Check At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cos predictions: overhead costs, $1,500,000, and direct materials costs, $500,000. At year-end, the company's record show that actual overhead costs for the year are $1,626,700. Actual direct materials cost had been assigned to job follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $420,000 74,000 45,000 $539,000 1. Determine the...
I need help with the whole question with a solution and explanation Please and Thank you....
I need help with the whole question with a solution and explanation
Please and Thank you.
Chapter 15 Homework Help Save & Exit Submit Check my work A company estimates the following manufacturing costs for the next period: direct labor, $500,000; direct materials, $196,000, and factory overhead, $126,000. 4.44 points Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its overhead cost as a percent of direct materials. eBook Print Complete this question by...
Ch 02 Ex 2-156 Submit Saved Help Save & Exlt Check my work 1 At the...
Ch 02 Ex 2-156 Submit Saved Help Save & Exlt Check my work 1 At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $440,000, and direct materials costs, $200,000. At year-end, the company's records show that actual overhead costs for the year are $1,106,500. Actual direct materials cost had been assigned to jobs as follows. 7 Jobs completed and sold Jobs in finished goods inventory Jobs in work...
At the beginning of the year, Infodeo established its predetermined overhead rate for movies produced during...
At the beginning of the year, Infodeo established its predetermined overhead rate for movies produced during the year by using the following cost predictions: overhead costs, $2,597,000, and direct labor costs, $490,000. At year-end, the company's records show that actual overhead costs for the year are $1,855,200. Actual direct labor cost had been assigned to jobs as follows. Movies completed and released Movies still in production Total actual direct labor cost $300,000 52,000 $352,000 1. Determine the predetermined overhead rate...
Help Save Exercise 15-15 Factory overhead computed, applied, and adjusted LO P3, P4 At the beginning...
Help Save Exercise 15-15 Factory overhead computed, applied, and adjusted LO P3, P4 At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions overhead costs, $180,000, and direct materials costs, $100,000. At year-end, the company's records show that actual overhead costs for the year are $920,400. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process...
Help Save & Exit At the beginning of the year, a company estimates the following manufacturing costs for the next period: direct labor, $528,000, direct materials, $180,000, and factory overhead, $125,000 Check Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its overhead cost as a percent of direct materials Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Compute its overhead cost as a percent of direct...
Check my work At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, S640,000, and direct materials costs, $200,000. At year-end, the company's records show that actual overhead costs for the year are $1,590,400. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods Inventory Jobs in work in process inventory Total actual direct materials cost $370,000 75,000 49,000 $494,000...
mework a Saved Help Save & Exit Subm Check my work Problem 15-4A Overhead allocation and adjustment using a predetermined overhead rate LO P3, P4 At the beginning of the year, Learer Company's manager estimated total direct labor cost assuming 40 persons working an average of 2,000 hours each at an average wage rate of $30 per hour. The manager also estimated the following manufacturing overhead costs for the year. Indirect labor Factory supervision Rent on factory building Factory utilities...
At the beginning of the year, Infodeo established its predetermined overhead rate for movies produced during the year by using the following cost predictions: overhead costs, $2,115,000, and direct labor costs, $450,000. At year-end, the company's records show that actual overhead costs for the year are $1,564,300. Actual direct labor cost had been assigned to jobs as follows. Movies completed and released Movies still in production Total actual direct labor cost $300,000 35,000 $335,000 1. Determine the predetermined overhead rate...
ework Saved Help Save & Exit Submit Check my work Selected T-accounts of Moore Company are given below for the just completed year: Raw Materials Manufacturing Overhead Bal. 1/1 35,000 Credits ? Debits 188, 480 Credits Debits 160,000 Bal. 12/31 45,000 Work in Process Factory Wages Payable Bal. 1/1 40,000 Credits 530,000 Debits 225,000 Bal. 1/1 Direct materials 110,000 Credits Direct labor 210,000 Bal. 12/31 Overhead 218,400 Bal. 12/31 ? Finished Goods Cost of Goods Sold Bal. 1/1 60,000 Credits...
Check At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cos predictions: overhead costs, $1,500,000, and direct materials costs, $500,000. At year-end, the company's record show that actual overhead costs for the year are $1,626,700. Actual direct materials cost had been assigned to job follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process inventory Total actual direct materials cost $420,000 74,000 45,000 $539,000 1. Determine the...
I need help with the whole question with a solution and explanation
Please and Thank you.
Chapter 15 Homework Help Save & Exit Submit Check my work A company estimates the following manufacturing costs for the next period: direct labor, $500,000; direct materials, $196,000, and factory overhead, $126,000. 4.44 points Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its overhead cost as a percent of direct materials. eBook Print Complete this question by...
Ch 02 Ex 2-156 Submit Saved Help Save & Exlt Check my work 1 At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions: overhead costs, $440,000, and direct materials costs, $200,000. At year-end, the company's records show that actual overhead costs for the year are $1,106,500. Actual direct materials cost had been assigned to jobs as follows. 7 Jobs completed and sold Jobs in finished goods inventory Jobs in work...
At the beginning of the year, Infodeo established its predetermined overhead rate for movies produced during the year by using the following cost predictions: overhead costs, $2,597,000, and direct labor costs, $490,000. At year-end, the company's records show that actual overhead costs for the year are $1,855,200. Actual direct labor cost had been assigned to jobs as follows. Movies completed and released Movies still in production Total actual direct labor cost $300,000 52,000 $352,000 1. Determine the predetermined overhead rate...
Help Save Exercise 15-15 Factory overhead computed, applied, and adjusted LO P3, P4 At the beginning of the year, Custom Mfg. established its predetermined overhead rate by using the following cost predictions overhead costs, $180,000, and direct materials costs, $100,000. At year-end, the company's records show that actual overhead costs for the year are $920,400. Actual direct materials cost had been assigned to jobs as follows. Jobs completed and sold Jobs in finished goods inventory Jobs in work in process...
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