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Exercise - Traditional Allocation Method Brookeville Industries manufactures custom engines for use in the...
Question number 3: Cooper's Company manufactures custom engines for use in the lawn and garden equipment...
Question number 3: Cooper's Company manufactures custom engines for use in the lawn and garden equipment industry. The company applies manufacturing overhead based on machine hours. Selected data for costs incurred for Job 798 are as follows: Direct materials used........... ..$4,200 Direct labor hours worked........... .............. 280 Machine hours used... .......... 425 Direct rate per hour.......... $18 Predetermined overhead rates based on machine hours............ $20 What is the total manufacturing cost of Job 798? a. $17,740 b. $ 5,040 c....
All Wood Industries manufactures custom-designed playground equipment for schools and city parks. All Wood expected to...
All Wood Industries manufactures custom-designed playground equipment for schools and city parks. All Wood expected to incur $707,200 of manufacturing overhead cost, 41,600 of direct labor hours, and $915,200 of direct labor cost during the year (the cost of direct labor is $22 per hour) The company allocates manufacturing overhead on the basis of direct labor hours During January, All Wood completed Job 302. The job used 165 direct labor hours and required $14,800 of direct materials. The City of...
E3-19A (similar to) Question Help * PG Industries manufactures custom-designed playground equipment for schools and city...
E3-19A (similar to) Question Help * PG Industries manufactures custom-designed playground equipment for schools and city parks. PG expected to incur $533,000 of manufacturing overhead cost 41,000 of direct labor hours, and $820,000 of direct labor cost during the year (the cost of direct labor is $20 per hour) The company allocates manufacturing overhead on the basis of direct labor hours. During December, PG completed Job 309 The job used 165 direct labor hours and required $15.400 of direct materials....
Love It Industries manufactures custom-designed playground equipment for schools and city parks. Love It expected to...
Love It Industries manufactures custom-designed playground equipment for schools and city parks. Love It expected to incur $906,400 of manufacturing overhead cost, 41,200 of direct labor hours, and $1,153,600 of direct labor cost during the year (the cost of direct labor is $28 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During December, Love It completed Job 307. The job used 155 direct labor hours and required $14,800 of direct materials. The City of...
Have Fun Industries manufactures custom-designed playground equipment for schools and city parks. Have Fun expected to...
Have Fun Industries manufactures custom-designed playground equipment for schools and city parks. Have Fun expected to incur $627,000 of manufacturing overhead cost, 41,800 of direct labor hours, and $1,254,000 of direct labor cost during the year (the cost of direct labor is $30 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During November Have Fun completed Job 301. The job used 160 direct labor hours and required $15,100 of direct materials. The City of...
E3-19A (similar to) Question Help Love It Industries manufactures custom-designed playground equipment for schools and city...
E3-19A (similar to) Question Help Love It Industries manufactures custom-designed playground equipment for schools and city parks. Love It expected to incur $627,000 of manufacturing overhead cost, 41,800 of direct labor hours, and $1,254,000 of direct labor cost during the year (the cost of direct labor is $30 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During March, Love It completed Job 308. The job used 200 direct labor hours and required $15,100 of...
PG Industries manufactures custom-designed playground equipment for schools and city parks. PG expected to incur $533,000...
PG Industries manufactures custom-designed playground equipment for schools and city parks. PG expected to incur $533,000 of manufacturing overhead cost, 41,000 of direct labor hours, and $820,000 of direct labor cost during the year (the cost of direct labor is $20 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During December, PG completed Job 309. The job used 165 direct labor hours and required $15,400 of direct materials. The City of Adams has contracted...
XYZ Company has two categories of overhead: maintenance and inspection. Costs expected for these categories for...
XYZ Company has two categories of overhead: maintenance and inspection. Costs expected for these categories for the coming year are as follows: Maintenance $420,000 Inspection $600,000 The plant currently applies overhead using direct labor hours and expected capacity of 100,000 direct labor hours. The following data has been assembled for use in developing a bid for a proposed job. Bid prices are equal to the full manufacturing cost plus a 30 percent markup. Direct materials $3,500 Direct labor $6,500 Machine...
) Genex Company produces custom robots for industrial applications. The company uses a job order costing...
) Genex Company produces custom robots for industrial applications. The company uses a job order costing system. Its plant has three production departments: molding, finishing, and assembly. The estimated manufacturing overhead cost and direct labor cost for each department for 2020 follow: Molding Finishing Assembly Manufacturing Overhead cost $800,000 $600,000 $100,000 Direct labor cost $200,000 $300,000 $500,000 In May 2020, the company received an invitation from DeLong Manufacturing Company to bid on an order of three custom...
Genex Company produces custom robots for industrial applications. The company uses a job order costing system....
Genex Company produces custom robots for industrial applications. The company uses a job order costing system. Its plant has three production departments: molding, finishing, and assembly. The estimated manufacturing overhead cost and direct labor cost for each department for 2020 follow: Molding Finishing Assembly Manufacturing Overhead cost $800,000 $600,000 $100,000 Direct labor cost $200,000 $300,000 $500,000 In May 2020, the company received an invitation from DeLong Manufacturing Company to bid on an order of three custom robots...
Question number 3: Cooper's Company manufactures custom engines for use in the lawn and garden equipment industry. The company applies manufacturing overhead based on machine hours. Selected data for costs incurred for Job 798 are as follows: Direct materials used........... ..$4,200 Direct labor hours worked........... .............. 280 Machine hours used... .......... 425 Direct rate per hour.......... $18 Predetermined overhead rates based on machine hours............ $20 What is the total manufacturing cost of Job 798? a. $17,740 b. $ 5,040 c....
All Wood Industries manufactures custom-designed playground equipment for schools and city parks. All Wood expected to incur $707,200 of manufacturing overhead cost, 41,600 of direct labor hours, and $915,200 of direct labor cost during the year (the cost of direct labor is $22 per hour) The company allocates manufacturing overhead on the basis of direct labor hours During January, All Wood completed Job 302. The job used 165 direct labor hours and required $14,800 of direct materials. The City of...
E3-19A (similar to) Question Help * PG Industries manufactures custom-designed playground equipment for schools and city parks. PG expected to incur $533,000 of manufacturing overhead cost 41,000 of direct labor hours, and $820,000 of direct labor cost during the year (the cost of direct labor is $20 per hour) The company allocates manufacturing overhead on the basis of direct labor hours. During December, PG completed Job 309 The job used 165 direct labor hours and required $15.400 of direct materials....
Love It Industries manufactures custom-designed playground equipment for schools and city parks. Love It expected to incur $906,400 of manufacturing overhead cost, 41,200 of direct labor hours, and $1,153,600 of direct labor cost during the year (the cost of direct labor is $28 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During December, Love It completed Job 307. The job used 155 direct labor hours and required $14,800 of direct materials. The City of...
Have Fun Industries manufactures custom-designed playground equipment for schools and city parks. Have Fun expected to incur $627,000 of manufacturing overhead cost, 41,800 of direct labor hours, and $1,254,000 of direct labor cost during the year (the cost of direct labor is $30 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During November Have Fun completed Job 301. The job used 160 direct labor hours and required $15,100 of direct materials. The City of...
E3-19A (similar to) Question Help Love It Industries manufactures custom-designed playground equipment for schools and city parks. Love It expected to incur $627,000 of manufacturing overhead cost, 41,800 of direct labor hours, and $1,254,000 of direct labor cost during the year (the cost of direct labor is $30 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During March, Love It completed Job 308. The job used 200 direct labor hours and required $15,100 of...
PG Industries manufactures custom-designed playground equipment for schools and city parks. PG expected to incur $533,000 of manufacturing overhead cost, 41,000 of direct labor hours, and $820,000 of direct labor cost during the year (the cost of direct labor is $20 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During December, PG completed Job 309. The job used 165 direct labor hours and required $15,400 of direct materials. The City of Adams has contracted...
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