Homework Answers
Correct answer-----------(B) $37,240
Working
| Total manufacturing cost for Job 450 | |
| Direct material | $ 10,800.00 |
| Direct labor | $ 6,700.00 |
| Manufacturing overhead ((600 x 20)+(430 x 18) | $ 19,740.00 |
| Total manufacturing cost for Job 450 | $ 37,240.00 |
Add Answer to:
Job 450 requires $10,800 of direct materials, $8,700 of direct labor, 600 direct labor hours, and...
I Question Help Job 450 requires $10 200 of direct materiale 56.700 of direct labor, 610...
I Question Help Job 450 requires $10 200 of direct materiale 56.700 of direct labor, 610 direct labor hours and 400 machine hours Manufacturing overhead is computed at $15 per orect labor hour used and $12 per machine hour used The total cost of Job 450 is OAS30650 OB. 526,050 OC 510,000 OD. $13.050
Mayco applies overhead on the basis of $10 of direct labor hours. Job No. 501 is...
Mayco applies overhead on the basis of $10 of direct labor hours. Job No. 501 is charged with $240,000 of direct materials costs and $320,000 of direct labor costs.. The labor took 10,000 hours. The total manufacturing costs for Job No. 501 is $660,000 O $695,000 $570,000 O $560,000 Question 15 5 pts Mayco applies overhead on the basis of $20 per machine hour. Job No. 501 is charged with $240,000 of direct materials costs and $120,000 of direct labor...
Direct Direct Direct Materials Labor Cost Labor Hours Job 200 $ 500 $800 40 40 Job...
Direct Direct Direct Materials Labor Cost Labor Hours Job 200 $ 500 $800 40 40 Job 201 350 200 10 Job 202 1,000 600 30 Franks Fabricating uses job costing and applies overhead using a normal costing system and uses direct labor cost as the allocation base. This period's estimated overhead cost is $100,000 and estimated direct labor cost of $50,000 and 2,500 direct labor hours. What is the total manufacturing cost of Job 201? O none of the above...
Data Markup on job cost 75% Milling Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable...
Data Markup on job cost 75% Milling Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 Cost summary for Job 407 Department Milling Assembly 90 Machine-hours Direct labor-hours Direct materials Direct labor cost $800 $70 20 $370 $280 Enter a formula into each of the cells marked with a ? below Assembly Step 1: Calculate the estimated total manufacturing overhead...
Sheridan Company manufactures customized desks. The following pertains to Job No. 953: Direct materials used $31800...
Sheridan Company manufactures customized desks. The following
pertains to Job No. 953:
Direct materials used
$31800
Direct labor hours worked
600
Direct labor rate per hour
$16.00
Machine hours used
500
Applied factory overhead rate per
machine hour
$30.00
What is the total manufacturing cost for Job No. 953?
$63900
$57800
$54800
$56400
A manufacturer’s job cost sheet reports direct materials of $1,200 and direct labor of $250 for...
A manufacturer’s job cost sheet reports direct materials of $1,200 and direct labor of $250 for printing 200 T-shirts for a bikers’ reunion. Estimated overhead is computed as 140% of direct labor costs. What is the estimated overhead cost for this job? What is the total cost per T-shirt for this job? What journal entry does the manufacturer make upon completion of this job to transfer costs from work in process to finished goods? A manufacturing company estimates it will...
Chapter 2: Applying Excel Data Markup on job cost 75% Machine-hours Direct labor-hours Total fixed manufacturing...
Chapter 2: Applying Excel Data Markup on job cost 75% Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 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 Cost summary for Job 407 Machine-hours Direct labor-hours Direct materials Direct labor cost Department Milling Assembly 90 20 $800 $370 $280 $70 Enter a formula into each of the cells marked with a ? below Assembly Step 1: Calculate the...
Hurren Corporation makes a product with the following standard costs Direct materials Direct labor Variable overhead...
Hurren Corporation makes a product with the following standard costs Direct materials Direct labor Variable overhead Standard Quantity od Standard Price or Hours Rate 10.00 grams $4.00 per gram 0.1 hours $17.00 per hour 0.1 hours $4.00 per hour Standard Cost Per Unit $40.00 $1.70 $0.40 The company reported the following results concerning this product in June. Originally budgeted output : Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials...
Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as...
Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $15 per hour. During the year, the company started and completed only two jobs—Job Alpha, which used 54,500 direct labor-hours, and Job Omega. The job cost sheets for the these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost 2 ? $1,533,500 Job Omega Direct materials Direct...
Wings Co. budgeted $562,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing...
Wings Co. budgeted $562,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $156,000 18,400 1,220 11,500 Budgeted Level for Cost Driver 3,900 pounds 460 setups 30,500 machine hours 230 inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor Direct materials Machine setup Machine hours...
I Question Help Job 450 requires $10 200 of direct materiale 56.700 of direct labor, 610 direct labor hours and 400 machine hours Manufacturing overhead is computed at $15 per orect labor hour used and $12 per machine hour used The total cost of Job 450 is OAS30650 OB. 526,050 OC 510,000 OD. $13.050
Mayco applies overhead on the basis of $10 of direct labor hours. Job No. 501 is charged with $240,000 of direct materials costs and $320,000 of direct labor costs.. The labor took 10,000 hours. The total manufacturing costs for Job No. 501 is $660,000 O $695,000 $570,000 O $560,000 Question 15 5 pts Mayco applies overhead on the basis of $20 per machine hour. Job No. 501 is charged with $240,000 of direct materials costs and $120,000 of direct labor...
Direct Direct Direct Materials Labor Cost Labor Hours Job 200 $ 500 $800 40 40 Job 201 350 200 10 Job 202 1,000 600 30 Franks Fabricating uses job costing and applies overhead using a normal costing system and uses direct labor cost as the allocation base. This period's estimated overhead cost is $100,000 and estimated direct labor cost of $50,000 and 2,500 direct labor hours. What is the total manufacturing cost of Job 201? O none of the above...
Data Markup on job cost 75% Milling Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Assembly 60,000 3,000 8,000 80,000 $390,000 $500,000 $2.00 $3.75 Cost summary for Job 407 Department Milling Assembly 90 Machine-hours Direct labor-hours Direct materials Direct labor cost $800 $70 20 $370 $280 Enter a formula into each of the cells marked with a ? below Assembly Step 1: Calculate the estimated total manufacturing overhead...
Sheridan Company manufactures customized desks. The following
pertains to Job No. 953:
Direct materials used
$31800
Direct labor hours worked
600
Direct labor rate per hour
$16.00
Machine hours used
500
Applied factory overhead rate per
machine hour
$30.00
What is the total manufacturing cost for Job No. 953?
$63900
$57800
$54800
$56400
Chapter 2: Applying Excel Data Markup on job cost 75% Machine-hours Direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 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 Cost summary for Job 407 Machine-hours Direct labor-hours Direct materials Direct labor cost Department Milling Assembly 90 20 $800 $370 $280 $70 Enter a formula into each of the cells marked with a ? below Assembly Step 1: Calculate the...
Hurren Corporation makes a product with the following standard costs Direct materials Direct labor Variable overhead Standard Quantity od Standard Price or Hours Rate 10.00 grams $4.00 per gram 0.1 hours $17.00 per hour 0.1 hours $4.00 per hour Standard Cost Per Unit $40.00 $1.70 $0.40 The company reported the following results concerning this product in June. Originally budgeted output : Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials...
Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $15 per hour. During the year, the company started and completed only two jobs—Job Alpha, which used 54,500 direct labor-hours, and Job Omega. The job cost sheets for the these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost 2 ? $1,533,500 Job Omega Direct materials Direct...
Wings Co. budgeted $562,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $156,000 18,400 1,220 11,500 Budgeted Level for Cost Driver 3,900 pounds 460 setups 30,500 machine hours 230 inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor Direct materials Machine setup Machine hours...
Most questions answered within 3 hours.
-
a radio station transmits at 78.1 mhz. a hz is an inverse
second. how far apart...
asked 9 minutes ago -
Write the equilibrium expression for the dissociation in
water for CH5N, C2H5O2COOH, H3AsO4, KClO2, HC2H2ClO2.
asked 14 minutes ago -
In risk management, insurance is an example of:
Select one:
a. Risk avoidance
b. Risk deflection...
asked 16 minutes ago -
Wildhorse Company follows the practice of pricing its inventory
at the lower-of-cost-or-market, on an individual-item
basis....
asked 50 minutes ago -
3. (10 pts) You grow a corn crop that yields 150 bushels ac-1,
with the following...
asked 39 minutes ago -
7. The term Six Sigma refers to:
Select one:
a. The control limits established in a...
asked 49 minutes ago -
For the following reaction: A(g) + 2 B(g) ⇌ 2 C(g) Calculate the
equilibrium constant K...
asked 51 minutes ago -
Which of the following best describes tidal volume? options:
1.The amount of oxygen in the air...
asked 1 hour ago -
1. Smaller cost distortions occur when the traditional systems'
single indirect-cost rate and the activity-cost-driver rates:...
asked 1 hour ago -
Using either a FMECA approach or some other appropriate RCA
tool, identify five risk treatment actions...
asked 1 hour ago -
If for a test the P-value is between 0.0025 and 0.005, what
conclusion can you draw?...
asked 1 hour ago -
Using Python. Write a function clean2(aList) that takes a list
of integers aList as argument, and...
asked 1 hour ago