Homework Answers
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Problem 4-26 (Part Level Submission) Swifty Company produces high-quality microscopes for education and health care uses....
Bonita Company produces high quality microscopes for education and health care uses. The company uses a...
Bonita Company produces high quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscope opties require significant manual labor to ensure adherence to strict manufacturing specifications, the company applies overhead on the basis of direct labor hours. At the beginning of 2017, the company estimated its manufacturing overhead would be $1.970,000 and that employees would work a total of 49,250 direct labor hours. During March, the company worked on the following...
Swifty Company produces high-quality microscopes for education and health care uses. The company uses a job...
Swifty Company produces high-quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict manufacturing specifications, the company applies overhead on the basis of direct labor hours. At the beginning of 2021, the company estimated its manufacturing overhead would be $1,960,000 and that employees would work a total of 78,400 direct labor hours. During March, the company worked on the following five...
1. calculate the cost of goods manufactured for march 2. calculate the balance in the work...
1. calculate the cost of goods manufactured for march
2. calculate the balance in the work in progress inventory
account as of march 31.
3. calculate the cost of goods sold for march.
4. calculate the balance in the finished goods inventory
account as of march 31.
Bonita Company produces high quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict...
Problem 15-01A a-h (Video) (Part Level Submission) Bonita Company uses a job order cost system and...
Problem 15-01A a-h (Video) (Part Level Submission) Bonita Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $21,200, direct labor $12,720, and manufacturing overhead $16,960. As of January 1, Job 49 had been completed at a cost of $95,400 and was part of...
Problem 20-01A a, c, d1, b, d2, e-h (Part Level Submission) (Video) Blossom Company uses a...
Problem 20-01A a, c, d1, b, d2, e-h (Part Level Submission)
(Video)
Blossom Company uses a job order cost system and applies
overhead to production on the basis of direct labor costs. On
January 1, 2020, Job 50 was the only job in process. The costs
incurred prior to January 1 on this job were as follows: direct
materials $24,600, direct labor $14,760, and manufacturing overhead
$19,680. As of January 1, Job 49 had been completed at a cost of...
Problem 15-4A (Part Level Submission) Agassi Company uses a job order cost system in each of...
Problem 15-4A (Part Level Submission) Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K. In establishing the predetermined overhead rates for 2017, the following estimates were made for the year. Department D E K Manufacturing overhead $854,000 $1,500,000 $1,020,000 Direct labor costs $1,220,000 $1,875,000 $675,000 Direct...
Problem 15-4A (Part Level Submission) Agassi Company uses a job order cost system in each of...
Problem 15-4A (Part Level Submission) Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K. In establishing the predetermined overhead rates for 2017, the following estimates were made for the year. Department D E K Manufacturing overhead $854,000 $1,500,000 $1,020,000 Direct labor costs $1,220,000 $1,875,000 $675,000 Direct...
Problem 15-01A (Part Level Submission) Lott Company uses a job order cost system and applies overhead...
Problem 15-01A (Part Level Submission) Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $20,200, direct labor $12,120, and manufacturing overhead $16,160. As of January 1, Job 49 had been completed at a cost of $90,900 and was part of finished goods...
Problem 15-4A (Part Level Submission) Agassi Company uses a job order cost system in each of...
Problem 15-4A (Part Level Submission) Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K. In establishing the predetermined overhead rates for 2017, the following estimates were made for the year. Department D E K Manufacturing overhead $854,000 $1,500,000 $1,020,000 Direct labor costs $1,220,000 $1,875,000 $675,000 Direct...
Problem 15-4A (Part Level Submission) Agassi Company uses a job order cost system in each of...
Problem 15-4A (Part Level Submission)
Agassi Company uses a job order cost system in each of its three
manufacturing departments. Manufacturing overhead is applied to
jobs on the basis of direct labor cost in Department D, direct
labor hours in Department E, and machine hours in Department
K.
In establishing the predetermined overhead rates for 2017, the
following estimates were made for the year.
Department
D
E
K
Manufacturing overhead
$924,000
$1,500,000
$900,000
Direct labor costs
$1,320,000
$1,875,000
$675,000
Direct...
Bonita Company produces high quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscope opties require significant manual labor to ensure adherence to strict manufacturing specifications, the company applies overhead on the basis of direct labor hours. At the beginning of 2017, the company estimated its manufacturing overhead would be $1.970,000 and that employees would work a total of 49,250 direct labor hours. During March, the company worked on the following...
Swifty Company produces high-quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict manufacturing specifications, the company applies overhead on the basis of direct labor hours. At the beginning of 2021, the company estimated its manufacturing overhead would be $1,960,000 and that employees would work a total of 78,400 direct labor hours. During March, the company worked on the following five...
1. calculate the cost of goods manufactured for march
2. calculate the balance in the work in progress inventory
account as of march 31.
3. calculate the cost of goods sold for march.
4. calculate the balance in the finished goods inventory
account as of march 31.
Bonita Company produces high quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict...
Problem 15-01A a-h (Video) (Part Level Submission) Bonita Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $21,200, direct labor $12,720, and manufacturing overhead $16,960. As of January 1, Job 49 had been completed at a cost of $95,400 and was part of...
Problem 20-01A a, c, d1, b, d2, e-h (Part Level Submission)
(Video)
Blossom Company uses a job order cost system and applies
overhead to production on the basis of direct labor costs. On
January 1, 2020, Job 50 was the only job in process. The costs
incurred prior to January 1 on this job were as follows: direct
materials $24,600, direct labor $14,760, and manufacturing overhead
$19,680. As of January 1, Job 49 had been completed at a cost of...
Problem 15-01A (Part Level Submission) Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $20,200, direct labor $12,120, and manufacturing overhead $16,160. As of January 1, Job 49 had been completed at a cost of $90,900 and was part of finished goods...
Problem 15-4A (Part Level Submission)
Agassi Company uses a job order cost system in each of its three
manufacturing departments. Manufacturing overhead is applied to
jobs on the basis of direct labor cost in Department D, direct
labor hours in Department E, and machine hours in Department
K.
In establishing the predetermined overhead rates for 2017, the
following estimates were made for the year.
Department
D
E
K
Manufacturing overhead
$924,000
$1,500,000
$900,000
Direct labor costs
$1,320,000
$1,875,000
$675,000
Direct...
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