Homework Answers
Adjusted Cost of goods sold = Unadjusted cost of goods sold-Overallocated manufacturing overhead
= 290400-6300
Adjusted cost of goods sold = 284100
So answer is a) $284100
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Stanley Company uses a job cost system. Manufacturing overhead has been overallocated by 56,300 for the...
Manufacturing overhead has an overallocated balance of $8,000, raw materials inventory balance is $62,400; work in...
Manufacturing overhead has an overallocated balance of $8,000, raw materials inventory balance is $62,400; work in process inventory is $34,700, finished goods inventory is $25,300, and cost of goods sold is $135,200. After adjusting for the overallocated manufacturing overhead, what is cost of goods sold? OA, S135200 OB, $97,100 OC. $143,200 O D. $127 200
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on...
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $58,500 and its total manufacturing overhead cost to be $111,150. Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. Required: 1. Calculate the predetermined overhead rate. 2....
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on...
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $56,400 and its total manufacturing overhead cost to be $101,520. Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. Required: 1. Calculate the predetermined overhead rate. 2....
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on...
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $51,200 and its total manufacturing overhead cost to be $81,920 Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. Required 1. Calculate the predetermined overhead rate termined...
4 Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products...
4 Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $52,500 and its total manufacturing overhead cost to be $84,000. Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. Required 1. Calculate the predetermined overhead rate...
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on...
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $50,100 and its total manufacturing overhead cost to be $90,180. Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. Required: 1. Calculate the predetermined overhead rate. Predetermined...
Christopher’s Custom Cabinet Company uses a job order cost system with overhead applied as a percentage...
Christopher’s Custom Cabinet Company uses a job order cost
system with overhead applied as a percentage of direct labor costs.
Inventory balances at the beginning of 2018 follow:
Raw Materials Inventory
$
16,300
Work in Process Inventory
5,100
Finished Goods Inventory
21,600
The following transactions occurred during January:
(a) Purchased materials on account for $27,800.
(b) Issued materials to production totaling $21,700, 90
percent of which was traced to specific jobs and the remainder of
which was treated as indirect...
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on...
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $51,800 and its total manufacturing overhead cost to be $88,060. Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. Required: 1. Calculate the predetermined overhead rate. 2....
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on...
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $57,300 and its total manufacturing overhead cost to be $91,680. Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. Required: 1. Calculate the predetermined overhead rate. 2....
Cadbury Company uses a job order costing system. Manufacturing overhead is applied on the basis of...
Cadbury Company uses a job order costing system. Manufacturing overhead is applied on the basis of direct labor cost. Total manufacturing overhead was estimated to be $144,020 for the year; direct labor was estimated to total $151,600. (1/1) (12/31) Raw Materials Inventory $ 14,400 $ 9,900 Work in Process Inventory $ 19,300 $ 22,100 Finished Goods Inventory $ 42,400 $ 30,600 The following transactions have occurred during the year. Raw materials purchases $ 110,000 Direct materials used $ 103,100 Direct...
Manufacturing overhead has an overallocated balance of $8,000, raw materials inventory balance is $62,400; work in process inventory is $34,700, finished goods inventory is $25,300, and cost of goods sold is $135,200. After adjusting for the overallocated manufacturing overhead, what is cost of goods sold? OA, S135200 OB, $97,100 OC. $143,200 O D. $127 200
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $56,400 and its total manufacturing overhead cost to be $101,520. Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. Required: 1. Calculate the predetermined overhead rate. 2....
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $51,200 and its total manufacturing overhead cost to be $81,920 Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. Required 1. Calculate the predetermined overhead rate termined...
4 Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $52,500 and its total manufacturing overhead cost to be $84,000. Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. Required 1. Calculate the predetermined overhead rate...
Christopher’s Custom Cabinet Company uses a job order cost
system with overhead applied as a percentage of direct labor costs.
Inventory balances at the beginning of 2018 follow:
Raw Materials Inventory
$
16,300
Work in Process Inventory
5,100
Finished Goods Inventory
21,600
The following transactions occurred during January:
(a) Purchased materials on account for $27,800.
(b) Issued materials to production totaling $21,700, 90
percent of which was traced to specific jobs and the remainder of
which was treated as indirect...
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $51,800 and its total manufacturing overhead cost to be $88,060. Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. Required: 1. Calculate the predetermined overhead rate. 2....
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $57,300 and its total manufacturing overhead cost to be $91,680. Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. Required: 1. Calculate the predetermined overhead rate. 2....
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