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Use the following data for question 26 Shadow Company uses a job costing system and applies...
Wayne Company uses a job costing system and applies overhead to jobs using a predetermined overhead...
Wayne Company uses a job costing system and applies overhead to
jobs using a predetermined overhead rate based on direct
labor-hours. The company had the following inventories at the
beginning and end of March:
Wayne Company uses a job costing system and applies overhead to jobs using a predetermined overhead rate based on direct labor-hours. The company had the following inventories at the beginning and end of March: March 1 March 31 $36,000 $30,000 Direct Materials Work in Process...
d overhead ek in Process 39. MK Company uses a job order costing system and applies...
d overhead ek in Process 39. MK Company uses a job order costing system and applies overhead to jobs at a predetermined a 45% of direct labor cost. For the month of July, the following debits (credits) were in the Work in Pa account: $40,000 Beginning balance Direct materials 200,000 Direct labor 160,000 Manufacturing overhead 72,000 Cost of goods manufactured (438,000) Job A300, the only job in process at the end of July, was charged with manufacturing overhead of $9,000....
QUESTION 13 Less Company uses a job-order costing system and the following information is available. The...
QUESTION 13 Less Company uses a job-order costing system and the following information is available. The company has three jobs in process: #1, #2, and #3. Raw materials used in these jobs was - respectively - $36,000, $30,000, and $40,000. The direct labor rate was $8.00 per hour and overhead is applied based on direct labor cost (at 130%). Direct labor hours per job are 2,500; 3,100; and 4,200; respectively. Indirect labor is $33,000. Other actual overhead costs totaled $36,000....
Kansas Company uses a job costing accounting system for its production costs. The company uses a...
Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows. Direct labor-hours 150,000 180,000 210,000 Variable overhead costs $ 1,050,000 $ 1,260,000 $ 1,470,000 Fixed overhead costs 684,000 684,000 684,000 Total overhead $ 1,734,000 $ 1,944,000 $ 2,154,000 The expected volume is 180,000 direct...
Moore Company. Moore Company uses a job-order costing system and the following information is available from...
Moore Company. Moore Company uses a job-order costing system and the following information is available from its records. The company has three jobs in process: #6, #9, and #13. Raw material used Direct labor per hour Overhead applied based on direct labor cost $120,000 $8.50 120% Direct material was requisitioned as follows for each job respectively: 30 percent, 25 percent, and 25 percent; the balance of the requisitions was considered indirect. Direct labor hours per job are 2,500; 3,100; and...
Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis...
Harwood Company uses a job-order costing system that applies
overhead cost to jobs on the basis of machine-hours. The company's
predetermined overhead rate of $2.80 per machine-hour was based on
a cost formula that estimates $232,400 of total manufacturing
overhead for an estimated activity level of 83,000
machine-hours.
Required:
1. Assume that during the year the company works only 78,000
machine-hours and incurs the following costs in the Manufacturing
Overhead and Work in Process accounts: Compute the amount of
overhead...
[The following information applies to the questions displayed below.] Delph Company uses a job-order costing system...
[The following information applies to the questions displayed below.] Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year: Total Fabrication Molding 26,000 Machine-hours 36,000 62,000 230,000 $ 700,000 $ 930,000 Fixed manufacturing overhead costs Variable manufacturing overhead per machine-hour 6.00 6.00 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs-Job D-70 and...
Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis...
Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company predetermined overhead rate of $2.40 per machine-hour was based on a cost formula that estimates $201.600 of total manufacturing overhead for an estimated activity level of 84,000 machine-hours. Required: 1. Assume that during the year the company works only 79,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead...
[The following information applies to the questions displayed below) Delph Company uses a job-order costing system...
[The following information applies to the questions displayed below) Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginn the year Molding Fabrication Total 26,000 36,092 62,090 $748,092 240,000 $988,888 Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 5 5.50 $ 5.50 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs-Job D-70 and...
Vanwagenen Inc. uses a job costing system. The company applies manufacturing overhead to jobs using a...
Vanwagenen Inc. uses a job costing system. The company applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor cost. The company has provided the following data for the month of April: Inventories: Beginning Ending Raw materials (all materials are direct materials) ............................... $13,500 $17,500 Work in process……………………………………………...................... $12,000 $16,000 Finished goods………………………………………………..................... $27,000 $25,000 Addition information is given below. Direct materials used in production..………………………..... $66,000 Total manufacturing costs charged to production (includes direct materials, direct labor,...
Wayne Company uses a job costing system and applies overhead to
jobs using a predetermined overhead rate based on direct
labor-hours. The company had the following inventories at the
beginning and end of March:
Wayne Company uses a job costing system and applies overhead to jobs using a predetermined overhead rate based on direct labor-hours. The company had the following inventories at the beginning and end of March: March 1 March 31 $36,000 $30,000 Direct Materials Work in Process...
d overhead ek in Process 39. MK Company uses a job order costing system and applies overhead to jobs at a predetermined a 45% of direct labor cost. For the month of July, the following debits (credits) were in the Work in Pa account: $40,000 Beginning balance Direct materials 200,000 Direct labor 160,000 Manufacturing overhead 72,000 Cost of goods manufactured (438,000) Job A300, the only job in process at the end of July, was charged with manufacturing overhead of $9,000....
QUESTION 13 Less Company uses a job-order costing system and the following information is available. The company has three jobs in process: #1, #2, and #3. Raw materials used in these jobs was - respectively - $36,000, $30,000, and $40,000. The direct labor rate was $8.00 per hour and overhead is applied based on direct labor cost (at 130%). Direct labor hours per job are 2,500; 3,100; and 4,200; respectively. Indirect labor is $33,000. Other actual overhead costs totaled $36,000....
Moore Company. Moore Company uses a job-order costing system and the following information is available from its records. The company has three jobs in process: #6, #9, and #13. Raw material used Direct labor per hour Overhead applied based on direct labor cost $120,000 $8.50 120% Direct material was requisitioned as follows for each job respectively: 30 percent, 25 percent, and 25 percent; the balance of the requisitions was considered indirect. Direct labor hours per job are 2,500; 3,100; and...
Harwood Company uses a job-order costing system that applies
overhead cost to jobs on the basis of machine-hours. The company's
predetermined overhead rate of $2.80 per machine-hour was based on
a cost formula that estimates $232,400 of total manufacturing
overhead for an estimated activity level of 83,000
machine-hours.
Required:
1. Assume that during the year the company works only 78,000
machine-hours and incurs the following costs in the Manufacturing
Overhead and Work in Process accounts: Compute the amount of
overhead...
[The following information applies to the questions displayed below.] Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year: Total Fabrication Molding 26,000 Machine-hours 36,000 62,000 230,000 $ 700,000 $ 930,000 Fixed manufacturing overhead costs Variable manufacturing overhead per machine-hour 6.00 6.00 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs-Job D-70 and...
Harwood Company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. The company predetermined overhead rate of $2.40 per machine-hour was based on a cost formula that estimates $201.600 of total manufacturing overhead for an estimated activity level of 84,000 machine-hours. Required: 1. Assume that during the year the company works only 79,000 machine-hours and incurs the following costs in the Manufacturing Overhead and Work in Process accounts: Compute the amount of overhead...
[The following information applies to the questions displayed below) Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginn the year Molding Fabrication Total 26,000 36,092 62,090 $748,092 240,000 $988,888 Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 5 5.50 $ 5.50 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs-Job D-70 and...
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