Overhead rate | 17.80% | =101053/567575 |
Direct labor cost | 240 | =8*30 |
Direct materials cost | 2261 | |
Overhead applied | 402 | =2261*17.80% |
Total cost of job 45344 | 2903 or 2908 |
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Question 1 12 pts Imani is the controller for Extreme Enterprises, a manufacturing firm that makes...
Question 1 12 pts Imani is the controller for Extreme Enterprises, a manufacturing firm that makes processing chips for phones and computers. Each order is considered a "job" for the firm. Imani has direct costs related to Job 45344 as follows: • 12 hours of labor @ $19 per hour and $2,098 of materials In addition, Extreme estimates its overhead related to the manufacture of chips to be $141,185 for the year. The company expects to do 72,178 jobs for...
1. The Green Company makes tables. Job 489 is to build 20 tables. Job 489 requires $680 of direct materials and 30 hours of direct labor costing $530. Also use the following information about the company: Total fixed manufacturing overhead cost estimated for all jobs during the whole year $480,000 Estimated direct labor hours for all jobs during the whole year 60,000 Estimated variable manufacturing overhead cost per direct labor hour $3 Calculate the following if the Green Company uses...
Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Beginning Balance Ending Balance Raw materials $ 14,550 $ 22,550 Work in process $ 27,550 $ 9550 Finished Goods $ 62,550 $ 77,550 The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 33,550 machine-hours and incur $271,755...
Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Beginning Balance Ending Balance Raw materials $ 14,550 $ 22,550 Work in process $ 27,550 $ 9550 Finished Goods $ 62,550 $ 77,550 The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 33,550 machine-hours and incur $271,755...
Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Beginning Balance Ending Balance Raw materials $ 14,450 $ 22,450 Work in process $ 27,450 $ 9450 Finished Goods $ 62,450 $ 77,450 The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 33,450 machine-hours and incur $264,255...
The Blue Company makes boats. Job 589 is to build 10 boats. The company has 2 departments – assembly and fabrication. The assembly department allocates manufacturing overhead to jobs based on direct labor hours. The fabrication department allocates manufacturing overhead to jobs based on machine hours. Please use the following information about the Blue Company; Assembly Department Fabrication Department Total fixed manufacturing overhead cost estimated for all jobs during the whole year $480,000 $560,000 Estimated direct labor hours for...
2. The Blue Company makes boats. Job 589 is to build 10 boats. The company has 2 departments – assembly and fabrication. The assembly department allocates manufacturing overhead to jobs based on direct labor hours. The fabrication department allocates manufacturing overhead to jobs based on machine hours. Please use the following information about the Blue Company; Assembly Department Fabrication Department Total fixed manufacturing overhead cost estimated for all jobs during the whole year $480,000 $560,000 Estimated direct labor hours for...
PLEASE HELP Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Beginning Balance Ending Balance Raw materials $ 14,550 $ 22,550 Work in process $ 27,550 $ 9550 Finished Goods $ 62,550 $ 77,550 The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 33,550 machine-hours and...
Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Beginning Balance Endine Balance Raw materials $ 14,950 $ 22,950 Work in process $ 27,950 $ 9950 Finished Goods $ 62,950 $ 77,950 The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 33,950 machine hours and incur...
Job Costs Using Activity-Based Costing Heitger Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs. Heitger identified three overhead activities and related drivers. Budgeted information for the year is as follows: Activity Cost Driver Amount of Driver Materials handling $55,000 Number of moves 2,500 Engineering 101,500 Number of change orders 7,000 Other overhead 180,000 Direct labor hours 50,000 Job Costs Using Activity-Based Costing Heitger Company is a job-order costing firm that uses activity-based costing...