Homework Answers
| The costs of Operators of machine is classified as direct labor costs. |
| Wages of selling and administrative personnel is classified as period cost. |
| Willy Wonka's direct labor costs amounted to $500,000 |
| Option D $500,000 is correct |
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QUESTION 14 Willy Wonka Company manufactures candy bars. The following were among Willy Wonka's manufacturing costs...
Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year:...
Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year: $200,000 $ 65,000 Wages: Machine operators Selling and administrative personnel Materials used: Lubricant for oiling machinery Cocoa, sugar, and other raw materials Packaging materials $ 15,000 $150,000 $ 90,000 Randall's direct labor costs amounted to: Multiple Choice o $280,000 o $200,000 o $265,000 o $155,000
Ex-3. Plum Company manufactures plastic coated metal clips. The following were among Plum Company 2017 manufacturin...
Ex-3. Plum Company manufactures plastic coated metal clips. The following were among Plum Company 2017 manufacturing costs: $ Wages: Machine operators Maintenance workers Factory foreman 200,000 30,000 90,000 Materials used: Metal wire Lubricant for oiling machinery Plastic coating 500,000 10,000 380,000 Required: Compute for the amount of direct materials for Plum Company in 2017.
Kopa Company manufactures CH-21 through two processes: Mixing and Packaging. In July, the following costs were...
Kopa Company manufactures CH-21 through two processes: Mixing and Packaging. In July, the following costs were incurred. Mixing Packaging Raw materials used $10,600 $27,900 Factory labor costs 7,300 36,200 Manufacturing overhead costs 12,300 54,200 Units completed at a cost of $22,000 in the Mixing Department are transferred to the Packaging Department. Units completed at a cost of $105,800 in the Packaging Department are transferred to Finished Goods.
Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two...
Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts: Deluxe and Basic. Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Expected Costs $625,000 900,000 Activity Handling materials Inspecting product Processing purchase orders Paying Buppliers Insuring the factory Designing packaging 105,000 175,000 300,000 oped 75,000 Book Required: 1. Compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted...
Xie Company identified the following activities, costs, and activity drivers for 2015. The company manufactures two...
Xie Company identified the following activities, costs, and activity drivers for 2015. The company manufactures two types of go-karts: Deluxe and Basic. Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Cost $ 625,000 900,000 105,000 175,000 300,000 75,000 Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Required: 1. Compute a single plantwide overhead rate assuming that the company assigns overhead based on 125,000 budgeted direct...
Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two...
Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts: Deluxe and Basic Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs $625,000 900,000 105,000 175,000 300,000 75,000 Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models References Required: 1. Compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,500, and...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,500, and wages for factory workers were $112,070. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,610 33,470 39,870 39,080 3,180 159,210 Factory Labour $28,900 34,200 17,600 25,900 5,470 112,070 3. Manufacturing overhead costs incurred on account were $69,700. 4. Depreciation on machinery and equipment was $16,820. 5. The manufacturing...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and wages for factory workers were $111,460. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number Materials A1 A2 Factory Labour $28,700 34,300 17,400 25,700 5,360 $43,380 33,420 39,530 39,280 3,140 A3 A4 General factory use Total 158,750 111,460 3. Manufacturing overhead costs incurred on account were $69,600. 4. Depreciation on machinery and equipment was $16,820. 5. The manufacturing...
Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures...
Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of go- karts: Deluxe and Basic. Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs $635,000 910,000 115,000 185,000 310,000 85,000 Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Required: 1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based...
Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements Question 10 The following manufacturing costs were...
Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and wages for factory workers were $111,430. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,900 33,890 39,660 38,970 3,060 159,480 Factory Labour $28,000 34,500 17,500 26,000 5,430 111,430 3. Manufacturing overhead costs incurred on account were $69,600. 4. Depreciation...
Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year: $200,000 $ 65,000 Wages: Machine operators Selling and administrative personnel Materials used: Lubricant for oiling machinery Cocoa, sugar, and other raw materials Packaging materials $ 15,000 $150,000 $ 90,000 Randall's direct labor costs amounted to: Multiple Choice o $280,000 o $200,000 o $265,000 o $155,000
Ex-3. Plum Company manufactures plastic coated metal clips. The following were among Plum Company 2017 manufacturing costs: $ Wages: Machine operators Maintenance workers Factory foreman 200,000 30,000 90,000 Materials used: Metal wire Lubricant for oiling machinery Plastic coating 500,000 10,000 380,000 Required: Compute for the amount of direct materials for Plum Company in 2017.
Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts: Deluxe and Basic. Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Expected Costs $625,000 900,000 Activity Handling materials Inspecting product Processing purchase orders Paying Buppliers Insuring the factory Designing packaging 105,000 175,000 300,000 oped 75,000 Book Required: 1. Compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted...
Xie Company identified the following activities, costs, and activity drivers for 2015. The company manufactures two types of go-karts: Deluxe and Basic. Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Cost $ 625,000 900,000 105,000 175,000 300,000 75,000 Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Required: 1. Compute a single plantwide overhead rate assuming that the company assigns overhead based on 125,000 budgeted direct...
Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts: Deluxe and Basic Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs $625,000 900,000 105,000 175,000 300,000 75,000 Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models References Required: 1. Compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,500, and wages for factory workers were $112,070. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,610 33,470 39,870 39,080 3,180 159,210 Factory Labour $28,900 34,200 17,600 25,900 5,470 112,070 3. Manufacturing overhead costs incurred on account were $69,700. 4. Depreciation on machinery and equipment was $16,820. 5. The manufacturing...
Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and wages for factory workers were $111,460. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number Materials A1 A2 Factory Labour $28,700 34,300 17,400 25,700 5,360 $43,380 33,420 39,530 39,280 3,140 A3 A4 General factory use Total 158,750 111,460 3. Manufacturing overhead costs incurred on account were $69,600. 4. Depreciation on machinery and equipment was $16,820. 5. The manufacturing...
Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types of go- karts: Deluxe and Basic. Activity Handling materials Inspecting product Processing purchase orders Paying suppliers Insuring the factory Designing packaging Expected Costs $635,000 910,000 115,000 185,000 310,000 85,000 Expected Activity 100,000 parts 1,500 batches 700 orders 500 invoices 40,000 square feet 2 models Required: 1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based...
Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and wages for factory workers were $111,430. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,900 33,890 39,660 38,970 3,060 159,480 Factory Labour $28,000 34,500 17,500 26,000 5,430 111,430 3. Manufacturing overhead costs incurred on account were $69,600. 4. Depreciation...
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