Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production...

Question

Question

Multiple Choice $326,000. $310,000 $352,500 $363,000. $299,000

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Opening materials add: Purchases less: ending materials $79,000 $326,000 $42,000 Materials used for production $363,000

Add a comment

Answer 2

Similar Homework Help Questions

Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production...

Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 120% of direct labor cost. Selected data concerning the past year's operation of the company are presented below. January 1 $ 82,000 71,000 120,000 December 31 $ 45,000 47,000 105,000 Direct materials Work in process Finished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs $ 329,000 955,000 265,000 The...
Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production...

Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of direct labor cost. Selected data concerning the past year's operation of the company are presented below January 1 December 31 $ 96, 000 59,000 61,000 119,000 Direct materials Work in process Finished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs 85,000 134,000 343,000 916,000 279,000 The amount...
(3 points) Randall Company manufactures customized furniture to customer specifications. A job costing system is used...

(3 points) Randall Company manufactures customized furniture to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of direct labor cost. Selected data concerning the operation of the company are presented below (before adjusting for under or overapplied overhead). Direct materials Work in process Finished goods January 1 December 31 $ 77,000 $ 40,000 66,000 42,000 115,000 100,000 $ Other information Direct materials purchases Cost of goods available for sale...

Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system...

Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead costs to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,177,500 in manufacturing overhead cost at an activity level of 557,000 machine-hours. The company spent the entire month of January working on a large order for 8,400 custom made machined parts. The company had no...
Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system...

Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,247,600 in manufacturing overhead cost at an activity level of 574,000 machine-hours. The company spent the entire month of January working on a large order for 12,000 custom-made machined parts. The company had no work...
Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system...

Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead costs to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,170,000 in manufacturing overhead cost at an activity level of 556,000 machine-hours. The company spent the entire month of January working on a large order for 8,900 custom made machined parts. The company had no...

Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system...

Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,114,400 in manufacturing overhead cost at an activity level of 556,000 machine-hours. The company spent the entire month of January working on a large order for 12,200 custom-made machined parts. The company had no work...
Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system...

Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,262,400 in manufacturing overhead cost at an activity level of 576,000 machine-hours. The company spent the entire month of January working on a large order for 12,100 custom-made machined parts. The company had no work...
Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system...

Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,192,500 in manufacturing overhead cost at an activity level of 559,000 machine-hours. The company spent the entire month of January working on a large order for 12,200 custom-made machined parts. The company had no work...

Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system...

Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and applies overhead cost to jobs on the basis of machine-hours. At the beginning of the year, the company used a cost formula to estimate that it would incur $4,245,000 in manufacturing overhead cost at an activity level of 566,000 machine-hours. The company spent the entire month of January working on a large order for 12,600 custom-made machined parts. The company had no work...

Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production...

Homework Answers