Homework Answers
| Calculation of Total Manufacturing Costs | ||||
| Direct Materials | $ 95,000 | |||
| Direct manufacturing labor | $ 80,000 | |||
| Manufacturing Overhead applied(Note) | $ 20,500 | |||
| Total Manufacturing Cost | $ 195,500 | |||
| So Option D is answer | ||||
| Note: | ||||
| Calculation of Manufacturing Overhead applied | ||||
| Indirect Materials | $ 4,000 | |||
| Indrect manufacturing labor | $ 12,000 | |||
| Equipment Depreciation | $ 1,000 | |||
| Other Indirect manufacturing costs | $ 1,500 | |||
| Actual Manufacturing Overhead | $ 18,500 | |||
| Add:Overapplied Manufacturing Overhead | $ 2,000 | |||
| Manufacturing Overhead applied | $ 20,500 | |||
| Job order costing is most useful for factories and those firms consisting of several level of jobs in the production process. | ||||
| A Small business Printing does not require a Job-order costing as the operation is quite small and does not involve complex prodction process | ||||
| So Option A is answer | ||||
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Need help with question 17 & 18!
c. Direct materials and direct manufacturing labor are included...
Sturdy Manufacturing Co. assembled the following cost data for job order #23: Direct Manufacturing labor $80,000...
Sturdy Manufacturing Co. assembled the following cost data for job order #23: Direct Manufacturing labor $80,000 Indirect Manufacturing labor 12,000 Equipment depreciation 1,000 Other indirect manufacturing costs 1,500 Direct materials 95,000 Indirect Materials 4,000 Manufacturing overhead overapplied 2,000 What are the total manufacturing costs for job order #23 if the company uses normal job-order costing?
(c) (d) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing...
(c) (d) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January. Record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary Total the job cost sheets for any job(s) completed during the month. Record the completion of any job(s) during the...
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Destin Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Destin allocates manufacturing overhead costs using direct manufacturing labor costs. Destin provides the following information (Click the icon to view the information) Read the requirements Requirement 1. Compute the actual and budgeted manufacturing overhead rates for 2020. (Enter your answer as a number (not as a percentage] rounded to two decimal places, X.XX.) Actual manufacturing overhead rate Budgeted...
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Can I receive help on this problem? Can I recieve help on the total manufacturing costs?...
Can I receive help on this problem?
Can I recieve help on the total manufacturing
costs?
Swifty Fabricators produces protective covers for ur phone. Since the covers must customized to achsmartphone model Swifty uses a job order costing system. On Septuinber 1, the bany reported the followida entry balances Direct Materials Work in Process Finished Goods $10.000 $34.400 $54,400 During September, the following events occurred 1. 2. 4. Swifty purchased direct materials casting $370,000 1xccount Swifty used $370,000 in direct...
What are the total manufacturing costs for job order 23 if the company uses normal job...
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(c) (d) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January. Record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary Total the job cost sheets for any job(s) completed during the month. Record the completion of any job(s) during the...
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Destin Products uses a job-costing system with two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool. Destin allocates manufacturing overhead costs using direct manufacturing labor costs. Destin provides the following information (Click the icon to view the information) Read the requirements Requirement 1. Compute the actual and budgeted manufacturing overhead rates for 2020. (Enter your answer as a number (not as a percentage] rounded to two decimal places, X.XX.) Actual manufacturing overhead rate Budgeted...
direct materials and direct manufacturing Donna Corporation manufactures custom cabinets for kitchens. It uses a normal costing system with two direct cost categories labor--and one indirect cost pool, manufacturing overhead costs It provides the following information for 2017 Click the icon to view the information for 2017) Read the requirement Begin by calculating the budgeted Indirect cost rate. Select the formula and then calculate the rate (Assume the cost allocation base is direct labor hours) Budgeted manufacturing overhead costs Budgeted...
Right Manufacturing Co. assembled the following cost data for job order #30: E (Click the icon to view the cost data.) What are the total manufacturing costs for job order #30 if the company uses normal job-order costing? i Cost Data X Х A. $190,800 B. $188,400 C. $192,100 D. $190,600 $ 105,000 9,000 Direct manufacturing labor Indirect manufacturing labor Equipment depreciation Other indirect manufacturing costs Direct materials 1,300 Indirect materials 1,600 70,000 3,700 1,500 Manufacturing overhead overapplied Print Done...
Can I receive help on this problem?
Can I recieve help on the total manufacturing
costs?
Swifty Fabricators produces protective covers for ur phone. Since the covers must customized to achsmartphone model Swifty uses a job order costing system. On Septuinber 1, the bany reported the followida entry balances Direct Materials Work in Process Finished Goods $10.000 $34.400 $54,400 During September, the following events occurred 1. 2. 4. Swifty purchased direct materials casting $370,000 1xccount Swifty used $370,000 in direct...
What are the total manufacturing costs for job order 23 if the company uses normal job order costing? O $191,500 O $193,500 O S194,500 O $195,500 12. Sky High sells helicopters. During the current year, 130 helicopters were sold resulting in $820,000 of sales revenue, $250,000 of variable costs, and $345,000 of fixed costs. Breakeven point in units is O 95 units O 58 units O 79 units O 55 units 13. The breakeven point is the activity level where...
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