Homework Answers
| Total Cost | |
| Direct Materials | $ 5,000 |
| Direct Labors | $ 400 |
| Overhead | |
| Fabrication Dept | $ 768 |
| ($48*16 machine hours) | |
| Assembly Dept | $ 400 |
| ($20* 20 direct labor hours) | |
| Total Cost | $ 6,568 |
| Please upvote. |
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Okay let's practice what was shown in the video above. All of the following data is...
Okay let's practice what was shown in the video above. All of the following data is...
Okay let's practice what was shown in the video above. All of the following data is the same as in the video: Fabricating Department Overhead Rate = $48 per machine hour Assembly Department Overhead Rate = $20 per direct labor hour Job 87 has Direct Materials of $5,000 and Direct Labor of $400 Here's the new data. Suppose Job 87 has these hours as it moves through the Fabrication and Assembly Departments: Fabrication Dept. Assembly Dept. DL Hours 10 hours...
The Blue Company makes boats. Job 589 is to build 10 boats. The company has 2...
The Blue Company makes boats. Job 589 is to build 10 boats. The company has 2 departments – assembly and fabrication. The assembly department allocates manufacturing overhead to jobs based on direct labor hours. The fabrication department allocates manufacturing overhead to jobs based on machine hours. Please use the following information about the Blue Company; Assembly Department Fabrication Department Total fixed manufacturing overhead cost estimated for all jobs during the whole year $480,000 $560,000 Estimated direct labor hours for...
2. The Blue Company makes boats. Job 589 is to build 10 boats. The company has...
2. The Blue Company makes boats. Job 589 is to build 10 boats. The company has 2 departments – assembly and fabrication. The assembly department allocates manufacturing overhead to jobs based on direct labor hours. The fabrication department allocates manufacturing overhead to jobs based on machine hours. Please use the following information about the Blue Company; Assembly Department Fabrication Department Total fixed manufacturing overhead cost estimated for all jobs during the whole year $480,000 $560,000 Estimated direct labor hours for...
Calculating Departmental Overhead Rates Using Post-Allocation Costs Valron Company has two support departments, Human Resources and...
Calculating Departmental Overhead Rates Using Post-Allocation Costs Valron Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly. Support Departments Producing Departments Human Resources General Factory Fabricating Assembly Direct costs $160,000 $340,000 $114,600 $93,000 Normal activity: Number of employees — 60 80 170 Square footage 1,000 — 5,700 13,300 The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated...
Aleutian Company produces two products: Rings and Dings. They are manufactured in two departments: Fabrication and...
Aleutian Company produces two products: Rings and Dings. They are manufactured in two departments: Fabrication and Assembly. Data for the products and departments are listed below, Number of Units Direct Labor Hours per Unit Machine Hours Product per Unit Rings 920 Dings 2,070 All of the machine hours take place in the Fabrication Department, which has estimated total factory overhead of $87,900. All of the labor hours take place in the Assembly Department, which has estimated total factory overhead of...
Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of...
Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one...
Calculating Departmental Overhead Rates Using Post-Allocation Costs Valron Company has two support departments, Human Resources and...
Calculating Departmental Overhead Rates Using Post-Allocation Costs Valron Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly Support Departments Producing Departments Human Resources General Factory Fabricating Assembly Direct easts $160,000 $340,000 $114,600 593,000 Normal activity: Number of employees 60 30 170 13,300 Square footage 1,000 5,700 The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the...
1. The Green Company makes tables. Job 489 is to build 20 tables. Job 489 requires...
1. The Green Company makes tables. Job 489 is to build 20 tables. Job 489 requires $680 of direct materials and 30 hours of direct labor costing $530. Also use the following information about the company: Total fixed manufacturing overhead cost estimated for all jobs during the whole year $480,000 Estimated direct labor hours for all jobs during the whole year 60,000 Estimated variable manufacturing overhead cost per direct labor hour $3 Calculate the following if the Green Company uses...
Fill in the ? boxes with the correct equations 1 Chapter 2: Applying Excel 3 Data...
Fill in the ? boxes with the correct equations
1 Chapter 2: Applying Excel 3 Data 4 Markup on job cost 75% 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 Variable manufacturing overhead per direct labor-hour Department Milling Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 13 14 Cost summary for Job 407 Department Milling Assembly 90 20 16 Machine-hours 17 Direct labor-hours 18 Direct materials 19 Direct labor...
53 Selling price of Job 407 ?? 1 Chapter 2: Applying Excel 3 Data 4 Markup...
53 Selling price of Job 407
??
1 Chapter 2: Applying Excel 3 Data 4 Markup on job cost 75% 7 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 Variable manufacturing overhead per direct labor-hour Department Milling Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 13 14 Cost summary for Job 407 15 Department Milling Assembly 90 20 16 Machine-hours 17 Direct labor-hours 18 Direct materials 19 Direct labor...
Okay let's practice what was shown in the video above. All of the following data is the same as in the video: Fabricating Department Overhead Rate = $48 per machine hour Assembly Department Overhead Rate = $20 per direct labor hour Job 87 has Direct Materials of $5,000 and Direct Labor of $400 Here's the new data. Suppose Job 87 has these hours as it moves through the Fabrication and Assembly Departments: Fabrication Dept. Assembly Dept. DL Hours 10 hours...
Aleutian Company produces two products: Rings and Dings. They are manufactured in two departments: Fabrication and Assembly. Data for the products and departments are listed below, Number of Units Direct Labor Hours per Unit Machine Hours Product per Unit Rings 920 Dings 2,070 All of the machine hours take place in the Fabrication Department, which has estimated total factory overhead of $87,900. All of the labor hours take place in the Assembly Department, which has estimated total factory overhead of...
Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one...
Calculating Departmental Overhead Rates Using Post-Allocation Costs Valron Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly Support Departments Producing Departments Human Resources General Factory Fabricating Assembly Direct easts $160,000 $340,000 $114,600 593,000 Normal activity: Number of employees 60 30 170 13,300 Square footage 1,000 5,700 The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the...
Fill in the ? boxes with the correct equations
1 Chapter 2: Applying Excel 3 Data 4 Markup on job cost 75% 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 Variable manufacturing overhead per direct labor-hour Department Milling Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 13 14 Cost summary for Job 407 Department Milling Assembly 90 20 16 Machine-hours 17 Direct labor-hours 18 Direct materials 19 Direct labor...
53 Selling price of Job 407
??
1 Chapter 2: Applying Excel 3 Data 4 Markup on job cost 75% 7 8 Machine-hours 9 Direct labor-hours 10 Total fixed manufacturing overhead cost 11 Variable manufacturing overhead per machine-hour 12 Variable manufacturing overhead per direct labor-hour Department Milling Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 13 14 Cost summary for Job 407 15 Department Milling Assembly 90 20 16 Machine-hours 17 Direct labor-hours 18 Direct materials 19 Direct labor...
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