Homework Answers
Classify the given costs as follows:
| Direct Materials | Overhead | Period Costs | |
| Indirect labor | 320000 | ||
| Administrative office rent | 75000 | ||
| Sales expenses | 45000 | ||
| Administrative salaries | 125000 | ||
| Factory supervision | 250000 | ||
| Rent on factory building | 150000 | ||
| Factory utilities | 80000 | ||
| Factory insurance | 70000 | ||
| Materials used in production | 650000 | ||
| Depreciation factory equipment | 450000 | ||
| Repairs - factory equipment | 60000 | ||
| Miscellaneous production cost | 36000 | ||
| Total | 650000 | 1416000 | 245000 |
Calculate predetermined overhead as follows:
Total overhead = $1,416,000
Total direct labor hours = 50 x 2,000 = 100,000
Therefore,
Predetermined overhead rate = Total overhead / Total direct labor hours = $1,416,000 / 100,000 = $14.16 per hour
Add Answer to:
1. in December 2018, Mentor Company's management team estimated next year's total direct labor cost assuming...
Quiz Saved In December 2016. Learer Company's manager estimated next year's total direct labor cost assuming...
Quiz Saved In December 2016. Learer Company's manager estimated next year's total direct labor cost assuming 40 persons working an average of 2,000 hours each at an average wage rate of $25 per hour. The manager also estimated the following manufacturing overhead costs for 2017 Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation Factory equipment Repairs expense- Factory equipment Factory supplies used Miscellaneous production costs Total estimated overhead costs $ 327,200 149,000 148,00 96,000...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 40 persons...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 40 persons working an average of 3,000 hours each at an average wage rate of $20 per hour. The manager also estimated the following manufacturing overhead costs for 2017 Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation-Factory equipment Repairs expense-Factory equipment Factory supplies used Miscellaneous production costs Total estimated overhead costs $ 336,200 276,000 157,000 105,000 85,000 625,000 77,000 85,800...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 50 persons...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 50 persons working an average of 2,000 hours each at an average wage rate of $25 per hour. The manager also estimated the following manufacturing overhead costs for 2017. Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation-Factory equipment Repairs expense-Factory equipment Factory supplies used Miscellaneous production costs Total estimated overhead costs $ 319,200 240,000 140,000 88,000 68,000 480,000 60,000 68,800...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 55 persons...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 55 persons working an average of 2.000 hours each at an average wage rate of $20 per hour. The manager also estimated the following manufacturing overhead costs for 2017 Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation-Factory equipment Repairs expense-Factory equipment Factory supplies used Miscellaneous production costs Total estimated overhead costs $ 261,200 156,000 152, eee 1ee, eee se, eee...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 40 persons...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 40 persons working an average of 2,000 hours each at an average wage rate of $30 per hour. The manager also estimated the following manufacturing overhead costs for 2017. Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation-Factory equipment Repairs expense-Factory equipment Pactory supplies used Miscellaneous production costs Total estimated overhead coats $ 332,200 243,000 103,000 101,000 81,000 496,000 73,000 81,800...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 40 persons...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 40 persons working an average of 3,000 hours each at an average wage rate of $20 per hour. The manager also estimated the following manufacturing overhead costs for 2017 Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation-Factory equipment Repairs expense-Factory equipment Factory supplies used Miscellaneous production costs Total estimated overhead costs $ 336,200 276,000 157,000 105,000 85,000 625,000 77,000 85,800...
In December 2016, Learer Company’s manager estimated next year’s total direct labor cost assuming 35 persons...
In December 2016, Learer Company’s manager estimated next year’s total direct labor cost assuming 35 persons working an average of 2,000 hours each at an average wage rate of $40 per hour. The manager also estimated the following manufacturing overhead costs for 2017. Indirect labor $ 329,200 Factory supervision 354,000 Rent on factory building 150,000 Factory utilities 98,000 Factory insurance expired 78,000 Depreciation—Factory equipment 756,000 Repairs expense—Factory equipment 70,000 Factory supplies used 78,800 Miscellaneous production costs 46,000 Total estimated overhead...
1 In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 50...
1 In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 50 persons working an average of 2,500 hours each at an average wage rate of $20 per hour. The manager also estimated the following manufacturing overhead costs for 2017 Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation-Factory equipment Repairs expense-Factory equipment Factory supplies used Miscellaneous production costs Total estimated overhead costs $ 333,200 128,000 154,000 102,000 82,000 494,000 74,000...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 40 persons...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 40 persons working an average of 3,000 hours each at an average wage rate of $20 per hour. The manager also estimated the following manufacturing overhead costs for 2017 Indirect labor $ 316, 200 Factory supervision 188,800 Rent on factory building 147,000 Factory utilities 95,000 Factory insurance expired 75, eee Depreciation-Factory equipment 521,000 Repairs expense-Factory equipment 67,000 Factory supplies used 75,800 Miscellaneous production costs 43,000 Total...
In November 2019, Bloom Company's production manager estimated next year's total direct labor cost as 115,000...
In November 2019, Bloom Company's production manager estimated next year's total direct labor cost as 115,000 hours at an average wage rate of $30 per hour. The manager also estimated the following manufacturing overhead costs for 2020. Indirect labor Rent on factory building Factory insurance Repairs factory equipment Depreciation factory equipment $400,000 $225,000 $106,000 $50,000 $374,000 Factory supervision Factory utilities Miscellaneous costs Factory supplies used $210,000 $82,000 $156,000 $62,000 At the end of 2020, records show the company incurred $1,655,000...
Quiz Saved In December 2016. Learer Company's manager estimated next year's total direct labor cost assuming 40 persons working an average of 2,000 hours each at an average wage rate of $25 per hour. The manager also estimated the following manufacturing overhead costs for 2017 Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation Factory equipment Repairs expense- Factory equipment Factory supplies used Miscellaneous production costs Total estimated overhead costs $ 327,200 149,000 148,00 96,000...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 40 persons working an average of 3,000 hours each at an average wage rate of $20 per hour. The manager also estimated the following manufacturing overhead costs for 2017 Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation-Factory equipment Repairs expense-Factory equipment Factory supplies used Miscellaneous production costs Total estimated overhead costs $ 336,200 276,000 157,000 105,000 85,000 625,000 77,000 85,800...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 50 persons working an average of 2,000 hours each at an average wage rate of $25 per hour. The manager also estimated the following manufacturing overhead costs for 2017. Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation-Factory equipment Repairs expense-Factory equipment Factory supplies used Miscellaneous production costs Total estimated overhead costs $ 319,200 240,000 140,000 88,000 68,000 480,000 60,000 68,800...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 55 persons working an average of 2.000 hours each at an average wage rate of $20 per hour. The manager also estimated the following manufacturing overhead costs for 2017 Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation-Factory equipment Repairs expense-Factory equipment Factory supplies used Miscellaneous production costs Total estimated overhead costs $ 261,200 156,000 152, eee 1ee, eee se, eee...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 40 persons working an average of 2,000 hours each at an average wage rate of $30 per hour. The manager also estimated the following manufacturing overhead costs for 2017. Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation-Factory equipment Repairs expense-Factory equipment Pactory supplies used Miscellaneous production costs Total estimated overhead coats $ 332,200 243,000 103,000 101,000 81,000 496,000 73,000 81,800...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 40 persons working an average of 3,000 hours each at an average wage rate of $20 per hour. The manager also estimated the following manufacturing overhead costs for 2017 Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation-Factory equipment Repairs expense-Factory equipment Factory supplies used Miscellaneous production costs Total estimated overhead costs $ 336,200 276,000 157,000 105,000 85,000 625,000 77,000 85,800...
1 In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 50 persons working an average of 2,500 hours each at an average wage rate of $20 per hour. The manager also estimated the following manufacturing overhead costs for 2017 Indirect labor Factory supervision Rent on factory building Factory utilities Factory insurance expired Depreciation-Factory equipment Repairs expense-Factory equipment Factory supplies used Miscellaneous production costs Total estimated overhead costs $ 333,200 128,000 154,000 102,000 82,000 494,000 74,000...
In December 2016, Learer Company's manager estimated next year's total direct labor cost assuming 40 persons working an average of 3,000 hours each at an average wage rate of $20 per hour. The manager also estimated the following manufacturing overhead costs for 2017 Indirect labor $ 316, 200 Factory supervision 188,800 Rent on factory building 147,000 Factory utilities 95,000 Factory insurance expired 75, eee Depreciation-Factory equipment 521,000 Repairs expense-Factory equipment 67,000 Factory supplies used 75,800 Miscellaneous production costs 43,000 Total...
In November 2019, Bloom Company's production manager estimated next year's total direct labor cost as 115,000 hours at an average wage rate of $30 per hour. The manager also estimated the following manufacturing overhead costs for 2020. Indirect labor Rent on factory building Factory insurance Repairs factory equipment Depreciation factory equipment $400,000 $225,000 $106,000 $50,000 $374,000 Factory supervision Factory utilities Miscellaneous costs Factory supplies used $210,000 $82,000 $156,000 $62,000 At the end of 2020, records show the company incurred $1,655,000...
Most questions answered within 3 hours.
-
A 1,150 lumen light bulb is placed 37 cm in front of a mirrored
wall, whose...
asked 1 minute ago -
Given that z is a standard normal random variable, compute the
following probabilities (to 4 decimals)....
asked 8 minutes ago -
You begin preparation of the calibration curve to measure
absorbance vs concentration of FeSCN2+. To do...
asked 25 minutes ago -
When you speak after breathing helium, in which the speed of
sound is much greater than...
asked 18 minutes ago -
3. Stock Valuation: You are the CEO of Under Armour, Inc. and
are thinking about how...
asked 22 minutes ago -
Choose a brand. Critique the brand in terms of its brand
positioning, brand identity and brand...
asked 25 minutes ago -
A vertical curve has grades G1 = 2.8% (downgrade) and
G2 = 2.2 (upgrade) Assume design...
asked 25 minutes ago -
(a) Derive planar density expressions for BCC
(110) plane in terms of the atomic radius R....
asked 20 minutes ago -
I have this problem now and I am not sure what we are exactly
supposed to...
asked 26 minutes ago -
Use the following set of observed frequencies to test the
independence of the two variables. Variable...
asked 49 minutes ago -
Two kg of ice at -15 °C are placed in a 2 kg bath of water...
asked 49 minutes ago -
Describe the following with suitable
examples.
1- Security Policy Heterogeneity
2-Security Model Heterogeneity
3-Security Mechanism Heterogeneity...
asked 50 minutes ago