During 2019, Concord Corporation expected Job No. 51 to cost $200000 of overhead, $450000 of materials,...
During 2019, Concord Corporation expected Job No. 51 to cost $200000 of overhead, $450000 of materials, and $100000 in labor. Concord applied overhead based on direct labor cost. Actual production required an overhead cost of $215000, $490000 in materials used, and $140000 in labor. All of the goods were completed. What amount was transferred to Finished Goods?
$845000
$910000
$830000
$750000
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During 2019, Concord Corporation expected Job No. 51 to cost
$200000 of overhead, $450000 of materials,...
During 2019, Crane Company expected Job No. 26 to cost $300000 of overhead, $500000 of materials,...
During 2019, Crane Company expected Job No. 26 to cost $300000
of overhead, $500000 of materials, and $200000 in labor. Crane
applied overhead based on direct labor cost. Actual production
required an overhead cost of $330000, $580000 in materials used,
and $250000 in labor. All of the goods were completed. What amount
was transferred to Finished Goods?
$1000000
$1130000
$1205000
$1160000
During 2017, Vaughn Manufacturing expected Job No. 26 to cost $300000 of overhead, $500000 of materials,...
During 2017, Vaughn Manufacturing expected Job No. 26 to cost
$300000 of overhead, $500000 of materials, and $200000 in labor.
Vaughn applied overhead based on direct labor cost. Actual
production required an overhead cost of $360000, $640000 in
materials used, and $300000 in labor. All of the goods were
completed. What amount was transferred to Finished Goods?
$1300000
$1240000
$1390000
$1000000
Multiple Choice Question 106 During 2017, Waterway Industries expected Job No. 26 to cost $300000 of...
Multiple Choice Question 106 During 2017, Waterway Industries expected Job No. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. Waterway applied overhead based on direct labor cost. Actual production required an overhead cost of $290000, $470000 in materials used, and $190000 in labor. All of the goods were completed. What amount was transferred to Finished Goods? $950000 $960000 $945000 $1000000 Multiple Choice Question 111 Crane Company developed the following data for the current year: Beginning...
Sheridan Company completed Job No. B14 during 2019. The job cost sheet listed the following: Direct...
Sheridan Company completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials Direct labor Manufacturing overhead applied Units produced Units sold $60000 $50000 $30000 5000 units 4800 units How much is the cost of the finished goods on hand from this job? O $178800 O $ 5600 O $140000 O $134400
Question 19 O out of 3 points During 2007, Caruba Manufacturing expected Job 51 to cost...
Question 19 O out of 3 points During 2007, Caruba Manufacturing expected Job 51 to cost $400,000 of overhead, $500,000 of material, and $200,000 in labor. Caruba applies overhead based X on direct labor cost. Actual production required $520,000 in materials and $240,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods? Selected Answer: b. $1,100,000 Answers: a. $1,070,000 1 b. $1,100,000 C. $1,000,000 d. $1,240,000
Concord Company uses a job order cost system and applies overhead to production on the basis...
Concord 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 $ 23,400, direct labor $ 14,040, and manufacturing overhead $ 18,720. As of January 1, Job 49 had been completed at a cost of $ 105,300 and was part of finished goods inventory....
BACK Multiple Choice Question 77 Sunland Company completed Job No. B14 during 2019. The job cost...
BACK Multiple Choice Question 77 Sunland Company completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials $110000 Direct labor $100000 Manufacturing overhead applied $80000 Units produced 2000 units Units sold 1800 units How much is the cost of the finished goods on hand from this job? $332000 $ 29000 $290000 $261000
How much is the cost per machine? Concord Corporation uses job order costing for its brand...
How much is the cost per machine?
Concord Corporation uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $11000 of materials, $7000 of direct labor costs, and $4000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $8000, and the ending balance is...
During 2016 Caruba Manufacturing expected Job 25 to cost $75,000 of overhead, $130,000 of material, and...
During 2016 Caruba Manufacturing expected Job 25 to cost $75,000 of overhead, $130,000 of material, and $25,000 in labour. Caruba applied overhead based on direct labour cost. Actual production required an overhead cost of $80,000, $140,000 in materials used; and $20,000 in labour. All of the goods were completed. What amount was transferred to Finished Goods? a) $240,000 b) $230,000 c) $220,000 d) $210,000 why the answer is C
Facebook Facebook George Wilms During 2019. Mayco expected Job No. 59 to cost $300,000 of overhead,...
Facebook Facebook George Wilms During 2019. Mayco expected Job No. 59 to cost $300,000 of overhead, $500,000 of materials, and $200,000 in labor. Mayco applied overhead based on 150% of direct labor cost. Actual production required an overhead cost of $295,000 $570,000 in materials used, and $220,000 in labor. All of the goods were completed. How much is the amount of over-or underapplied overhead? O $35.000 overapplied O $5,000 underapplied O $5,000 overapplied O $35.000 underapplied Question 13 5 pts...
During 2019, Crane Company expected Job No. 26 to cost $300000
of overhead, $500000 of materials, and $200000 in labor. Crane
applied overhead based on direct labor cost. Actual production
required an overhead cost of $330000, $580000 in materials used,
and $250000 in labor. All of the goods were completed. What amount
was transferred to Finished Goods?
$1000000
$1130000
$1205000
$1160000
During 2017, Vaughn Manufacturing expected Job No. 26 to cost
$300000 of overhead, $500000 of materials, and $200000 in labor.
Vaughn applied overhead based on direct labor cost. Actual
production required an overhead cost of $360000, $640000 in
materials used, and $300000 in labor. All of the goods were
completed. What amount was transferred to Finished Goods?
$1300000
$1240000
$1390000
$1000000
Multiple Choice Question 106 During 2017, Waterway Industries expected Job No. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. Waterway applied overhead based on direct labor cost. Actual production required an overhead cost of $290000, $470000 in materials used, and $190000 in labor. All of the goods were completed. What amount was transferred to Finished Goods? $950000 $960000 $945000 $1000000 Multiple Choice Question 111 Crane Company developed the following data for the current year: Beginning...
Sheridan Company completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials Direct labor Manufacturing overhead applied Units produced Units sold $60000 $50000 $30000 5000 units 4800 units How much is the cost of the finished goods on hand from this job? O $178800 O $ 5600 O $140000 O $134400
Question 19 O out of 3 points During 2007, Caruba Manufacturing expected Job 51 to cost $400,000 of overhead, $500,000 of material, and $200,000 in labor. Caruba applies overhead based X on direct labor cost. Actual production required $520,000 in materials and $240,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods? Selected Answer: b. $1,100,000 Answers: a. $1,070,000 1 b. $1,100,000 C. $1,000,000 d. $1,240,000
Concord 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 $ 23,400, direct labor $ 14,040, and manufacturing overhead $ 18,720. As of January 1, Job 49 had been completed at a cost of $ 105,300 and was part of finished goods inventory....
BACK Multiple Choice Question 77 Sunland Company completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials $110000 Direct labor $100000 Manufacturing overhead applied $80000 Units produced 2000 units Units sold 1800 units How much is the cost of the finished goods on hand from this job? $332000 $ 29000 $290000 $261000
How much is the cost per machine?
Concord Corporation uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $11000 of materials, $7000 of direct labor costs, and $4000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $8000, and the ending balance is...
Facebook Facebook George Wilms During 2019. Mayco expected Job No. 59 to cost $300,000 of overhead, $500,000 of materials, and $200,000 in labor. Mayco applied overhead based on 150% of direct labor cost. Actual production required an overhead cost of $295,000 $570,000 in materials used, and $220,000 in labor. All of the goods were completed. How much is the amount of over-or underapplied overhead? O $35.000 overapplied O $5,000 underapplied O $5,000 overapplied O $35.000 underapplied Question 13 5 pts...
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