9.
A line employee that produces parts for chairs using a saw and template would not be classified as indirect labor |
Option 05 is correct |
14. Answer
Option 01: 48,100
Actual overhead | 392000 |
Underapplied OH | 7200 |
Applied OH | 384800 |
Actual labour hours
= Applied OH / OH rate
= 384800 / 8
= 48100
04. O period costs. direct material, direct labor, and manufacturing overhead. 9 Which of the following...
14 Farrina Manufacturing uses a predetermined overhead application rate of $8 per direct labor hour. A review of the company's accounting records for the year just ended discovered the following: Underapplied manufacturing overhead: $7,200 Actual manufacturing overhead: $392,000 Budgeted labor hours: 50,000 Simone's actual labor hours worked totaled: 01. O 48,100. 02. O cannot be determined based on the information presented. 03. 49,900. 04. 50,900. 05. O 49,100.
Simone uses a predetermined overhead application rate of $8 per direct labor hour. A review of the company's accounting records for the year just ended discovered the following: Underapplied manufacturing overhead: $7,200 Actual manufacturing overhead: $392,000 Budgeted labor hours: 50,000 Simone's actual labor hours worked totaled: cannot be determined based on the information presented. a.50,900 b.48,100 c.49,100 d.49,900
05. Batch. Shu Corporation recently computed total product costs of $567,000 and total period costs of $420,000, excluding $35,000 of sales commissions that were overlooked by the company's administrative assistant. On the basis of this information, Shu's income statement should reveal operating expenses of: 01. O $602,000. 02. 0 $420,000. 03. O $455,000. 04. O $567,000. 05. O $35,000. milend, unlell labol, and manufacturing overhead 9 Which of the following employees would not be classified as indirect labor? 01. O...
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $355,104 and direct labor hours would be 49,100. Actual manufacturing overhead costs incurred were $318,000, and actual direct labor hours were 51,000. The journal entry to apply the factory overhead costs for the year would include a a debit to Factory Overhead for $318,000 b. credit to Factory Overhead for $355,100 c. credit to Factory...
Assembly Department Particulars Manufacturing overhead Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Machining Department AED3,000,000 AED 1,400,000 100.000 hours 50,000 hours AED8,750,000 AED2.500,000 200.000 hours 200,000 hours Assembly Department During May, the job-cost record for Job 707 contained the following Machining Particulars Department Direct matenals used AED65,000 Direct manufacturing labor costs AED24,000 Direct manufacturing labor-hours 1,000 hours Machine-hours 2,800 hours AED45,000 AED17.500 1,500 hours 1,000 hours REQUIRED b. At the end of 2020, the actual manufacturing overhead costs were...
Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 47,000 actual direct labor-hours and incurred $810,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 45,000 direct labor-hours during the year and incur $765,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was: O underapplied by $34,000 O overapplied by $11,000 O underapplied by $11,000 overapplied by $34,000
Exercise 25-04 a-b Sheffield Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.30 Indirect materials 0.80 Utilities 0.30 Fixed overhead costs per month are Supervision $4,300, Depreciation $2,000, and Property Taxes $600. The company believes it will normally operate in a range of 6,100–10,000 direct labor hours per month. Assume that in July 2020, Sheffield Company incurs the following manufacturing overhead costs....
Davie, Inc. used estimated direct labor hours of 250,000 and estimated manufacturing overhead costs of $1,100,000 in establishing its predetermined overhead allocation rate for the year. Actual results showed the following: What was the number of direct labor hours worked during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.) Supporting Materials Actual manufacturing overhead Allocated manufacturing overhead $800,000 $900,000 O 181,818 hours O 281,250 hours O 250,000 hours 204,545...
The following costs were incurred in May. Direct materials Direct labor Manufacturing overhead Selling expenses Administrative expense $39,100 $30,400 $18,000 $14,500 $34,700 01:03:56 Prime costs during the month totaled: Multiple Choice 0 O $69.500 0 $48.400 0 $36.700 0 $27500
Baker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $97,200 and 3,000 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $99,200 and actual direct labor-hours were 2,850. The applied manufacturing overhead for the year was closest to:(Round your intermediate calculations to 2 decimal places.) O $94,020 O $89,364 O $92.340 O $97188