Homework Answers
1.
a)
| Debit | Credit | |
| Work in Process | 8,850.00 | |
| Factory Overhead | 1,150.00 | |
| Wages Payable | 10,000.00 |
b.
| Debit | Credit | |
| Work in process (8,850/15 x 24) | 14,160.00 | |
| Factory Overhead | 14,160.00 |
2.
a.Estimated Annual Operating Room Hours = 8 x 7 x 50 = 2,800 Hours
b. Predetermined Operating Room Overhead rate = 1,148,000/2,800
=410
c. 410 x 8 = 3280
d. Applied overhead = 194 x 410 = 79,540
Actual Overhead = 77,800
Overapplied overhead = 79,540 - 77,800
=1,740
Add Answer to:
Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a...
Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a...
Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: $3,350 1,680 Job 201 Job 202 Job 203 Job 204 Factory supervision 1,320 2,470 1,150 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $24 per direct labor hour. The direct labor rate is $14 per hour. If required, round final answers to the...
Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a...
Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: Job 201 $5,430 Job 202 2,710 Job 203 2,140 Job 204 4,000 Factory supervision 1,860 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $24 per direct labor hour. The direct labor rate is $17 per hour. If required, round final answers to the...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Disposable supplies $350,100 Depreciation expense 63,100 Utilities 36,700 Nurse salaries 525,800 Technician...
Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets...
Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: Job 11-101 $5,450 Job 11-102 6,180 Job 11-103 4,150 Job 11-104 2,805 Factory supervision 2,800 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $27 per direct labor hour. The direct labor rate is $45 per hour. Required: a. Journalize the November 30 entry to record the factory labor costs. b....
Entries for Direct Labor and Factory Overhead Schumacher Industries Inc. manufactures recreational vehicles. Schumacher Industries uses...
Entries for Direct Labor and Factory Overhead Schumacher Industries Inc. manufactures recreational vehicles. Schumacher Industries uses a job order cost system. The time tickets from June jobs are summarized as follows: Job 11-101 $4,640 Job 11-102 5,510 Job 11-103 6,612 Job 11-104 12,760 Job 11-105 18,270 Factory supervision 12,500 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $23 per direct labor hour. The direct labor rate is $29 per hour. a. Journalize the...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Disposable supplies $299,600 Depreciation expense 75,000 Utilities 32,000 Nurse salaries 278,500 Technician...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Disposable supplies $358,700 Depreciation expense 64,700 Utilities 37,600 Nurse salaries 538,600 Technician...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: $187,900 Disposable supplies Depreciation expense 33,900 Utilities 19,700 Nurse salaries 282,100 92,400...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Disposable supplies Depreciation expense Utilities $299,600 75,000 32,000 278,500 126,900 Nurse salaries...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: $213,500 Disposable supplies Depreciation expense Utilities 38,500 22.400 320,600 Nurse salaries Technician...
Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: $3,350 1,680 Job 201 Job 202 Job 203 Job 204 Factory supervision 1,320 2,470 1,150 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $24 per direct labor hour. The direct labor rate is $14 per hour. If required, round final answers to the...
Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: Job 201 $5,430 Job 202 2,710 Job 203 2,140 Job 204 4,000 Factory supervision 1,860 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $24 per direct labor hour. The direct labor rate is $17 per hour. If required, round final answers to the...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Disposable supplies $358,700 Depreciation expense 64,700 Utilities 37,600 Nurse salaries 538,600 Technician...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: $187,900 Disposable supplies Depreciation expense 33,900 Utilities 19,700 Nurse salaries 282,100 92,400...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Disposable supplies Depreciation expense Utilities $299,600 75,000 32,000 278,500 126,900 Nurse salaries...
Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: $213,500 Disposable supplies Depreciation expense Utilities 38,500 22.400 320,600 Nurse salaries Technician...
Most questions answered within 3 hours.
-
What is the wavelength, in cm, of a microwave having a frequency
of 3.44 x 10^9...
asked 7 minutes ago -
A new business venture must develop a comprehensive business
plan to borrow money to get started....
asked 9 minutes ago -
Madtack Company uses a job-order costing system and started the month
of March with only one...
asked 11 minutes ago -
Describe how to distinguish true motility from brownian motion
and fluid flow when viewing a wet...
asked 14 minutes ago -
A manufacturer of game controllers is concerned that its
controller may be difficult for​ left-handed users....
asked 16 minutes ago -
Water at gauge pressure of 3.8 atmospheres at street level
enters an office building at 0.60...
asked 30 minutes ago -
Quick question, I want to know how to convert decimal numbers to
binary number, when i...
asked 51 minutes ago -
You found out that now you are going to receive payments of
$8,500 for the next...
asked 55 minutes ago -
17.
Technician A says that leaking components are usually repaired
rather than replaced. Technician B says...
asked 56 minutes ago -
A) An Operon is:?
1- A gene that affect another gene
transcription.
2. A gene coding...
asked 1 hour ago -
When opening a file, use this method to determine whether a file
exists before you attempt...
asked 1 hour ago -
Sales total $300,000 when variable costs total $180,000 and
fixed costs are $60,000. Breakeven sales total:...
asked 1 hour ago