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WE BECL Final Exam < Question 6 of 40) The following information has been gathered for...
Gabuat Corporation, which has only one product, has provided the following data concerning its most recent...
Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 106 Units in beginning inventory 0 Units produced 2,600 Units sold 2,200 Units in ending inventory 400 Variable costs per unit: Direct materials $ 46 Direct labor $ 28 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 7 Fixed costs: Fixed manufacturing overhead $ 33,800 Fixed selling and administrative expense $ 8,800 1. The total...
The following information has been gathered for Catalyst Legal Services for its fiscal year ending December...
The following information has been gathered for Catalyst Legal Services for its fiscal year ending December 31: Actual office overhead costs $ 1,275,500 Actual billable labor hours 44,600 Actual billable labor costs $ 3,960,000 Estimated office overhead costs $ 1,080,000 Estimated billable labor hours 48,000 Estimated billable labor costs $ 4,320,000 What is the predetermined office overhead rate per billable labor hour? Multiple Choice $28.60. $26.57. $22.50. $24.22.
Neptune Fabrication Plant has provided you with the following information: Total manufacturing overhead costs estimated at...
Neptune Fabrication Plant has provided you with the following information: Total manufacturing overhead costs estimated at the beginning of the year $252,000 Total direct labor costs estimated at the beginning of the year $129,000 Total direct labor hours estimated at the beginning of the year 5,250 direct labor hours Actual manufacturing overhead costs for the year $242,000 Actual direct labor costs for the year $134,000 Actual direct labor hours for the year 4,800 direct labor hours The company bases its...
53-6 (SIMllar tO) Question Help Falmouth Pools manufactures swimming pool equipment. Falmouth estimates total manufacturing overhead...
53-6 (SIMllar tO) Question Help Falmouth Pools manufactures swimming pool equipment. Falmouth estimates total manufacturing overhead costs next year to be S1,200,000. Falmouth also estimates it will use 18,750 direct labor hours and incur $1,000,000 of direct labor cost next year. In addition, the machines are expected to be un for 15,000 hours. Compute the predetermined manufacturing overhead rate for next year under the following independent situations: . Assume that the company uses direct labor hours as its manufacturing overhead...
The following information is related to Alpha Company: Estimated manufacturing overhead costs for the year Actual...
The following information is related to Alpha Company: Estimated manufacturing overhead costs for the year Actual manufacturing overhead costs for the year Estimated direct labor hours for the year Actual direct labor hours for the year $254,000 $202,000 50,000 35,000 Alpha uses normal costing and applies overhead on the basis of direct labor hours. The predetermined overhead rate of Alpha Company is: a. $7.3 per hour. b. $4.0 per hour. c. $5.1 per hour. d. $8.8 per hour.
[The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress...
[The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of March and Job Q was incomplete at the end of March. The company uses a plantwide predetermined overhead rate based on direct labor hours. The following additional information is available for the company as...
Davie, Inc. used estimated direct labor hours of 250,000 and estimated manufacturing overhead costs of $1,100,000...
Davie, Inc. used estimated direct labor hours of 250,000 and estimated manufacturing overhead costs of $1,100,000 in establishing its predetermined overhead allocation rate for the year. Actual results showed the following: What was the number of direct labor hours worked during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.) Supporting Materials Actual manufacturing overhead Allocated manufacturing overhead $800,000 $900,000 O 181,818 hours O 281,250 hours O 250,000 hours 204,545...
Aspen Technologies has the following budget data: Estimated direct labor hours 15,000 Actual direct labor 12,000...
Aspen Technologies has the following budget data: Estimated direct labor hours 15,000 Actual direct labor 12,000 hours Estimated direct labor dollars $90,000 Estimated factory overhead costs $198.000 If manufacturing overhead is to be applied based on direct labor hours, the predetermined overhead rate is:
Parker Company had the following information for the year: Direct materials used &
Parker Company had the following information for the year: Direct materials used $ 196,468 Direct labor incurred (7,120 hours) $ 226,955 Actual manufacturing overhead incurred $ 190,111 Parker Company used a predetermined overhead rate using estimated overhead of $166,231 and 6,720 estimated direct labor hours. What are the total manufacturing costs ? (In other words, what is the total debit to Work in Process?)
Required information [The following information applies to the questions displayed below.] Sweeten Company had no jobs...
Required information [The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of March and Job Q was incomplete at the end of March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company...
Neptune Fabrication Plant has provided you with the following information: Total manufacturing overhead costs estimated at the beginning of the year $252,000 Total direct labor costs estimated at the beginning of the year $129,000 Total direct labor hours estimated at the beginning of the year 5,250 direct labor hours Actual manufacturing overhead costs for the year $242,000 Actual direct labor costs for the year $134,000 Actual direct labor hours for the year 4,800 direct labor hours The company bases its...
53-6 (SIMllar tO) Question Help Falmouth Pools manufactures swimming pool equipment. Falmouth estimates total manufacturing overhead costs next year to be S1,200,000. Falmouth also estimates it will use 18,750 direct labor hours and incur $1,000,000 of direct labor cost next year. In addition, the machines are expected to be un for 15,000 hours. Compute the predetermined manufacturing overhead rate for next year under the following independent situations: . Assume that the company uses direct labor hours as its manufacturing overhead...
The following information is related to Alpha Company: Estimated manufacturing overhead costs for the year Actual manufacturing overhead costs for the year Estimated direct labor hours for the year Actual direct labor hours for the year $254,000 $202,000 50,000 35,000 Alpha uses normal costing and applies overhead on the basis of direct labor hours. The predetermined overhead rate of Alpha Company is: a. $7.3 per hour. b. $4.0 per hour. c. $5.1 per hour. d. $8.8 per hour.
[The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of March and Job Q was incomplete at the end of March. The company uses a plantwide predetermined overhead rate based on direct labor hours. The following additional information is available for the company as...
Davie, Inc. used estimated direct labor hours of 250,000 and estimated manufacturing overhead costs of $1,100,000 in establishing its predetermined overhead allocation rate for the year. Actual results showed the following: What was the number of direct labor hours worked during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.) Supporting Materials Actual manufacturing overhead Allocated manufacturing overhead $800,000 $900,000 O 181,818 hours O 281,250 hours O 250,000 hours 204,545...
Aspen Technologies has the following budget data: Estimated direct labor hours 15,000 Actual direct labor 12,000 hours Estimated direct labor dollars $90,000 Estimated factory overhead costs $198.000 If manufacturing overhead is to be applied based on direct labor hours, the predetermined overhead rate is:
Required information [The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of March and Job Q was incomplete at the end of March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company...
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