Direct labour cost:
= Manufacturing overhead / Overhead rate
= $12,700 / 50%
= $25,400
1st option
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The Foundational 15 [LO3-1, LO3-2, LO3-3, LO3-4]
[The following information applies to the questions
displayed below.]
Bunnell Corporation is a manufacturer that uses job-order
costing. On January 1, the company’s inventory balances were as
follows:
Raw materials
$
62,500
Work in process
$
23,200
Finished goods
$
36,900
The company applies overhead cost to jobs on the basis of direct
labor-hours. For the current year, the company’s predetermined
overhead rate of $11.00 per direct labor-hour was based on a cost...
N 3321-006: Dy X s Connect х C The 30-kg Uniform Disk A And T X (25,697 unread) - jasonbeckford X + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mnheducation.com%252Fmghmiddleware%252Fmheproducts%252Fims Saved Help Save The 38-kg uniform disk A and the bar BC are at rest and the 9 kg uniform disk D has an initial angular velocity wh of magnitude 440 rpm when the compressed spring is released and disk D contacts disk A. The system rotates freely about the vertical spindle BE. After a period of...
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Sprint Shoes Inc. had a beginning inventory of 9,950 units on
January 1, 20X1. The costs associated with the inventory were:
What was the value of ending inventory? (Do not round
intermediate calculations.)
What was the gross profit?
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Required information
The Foundational 15 [LO3-1, LO3-2, LO3-3, LO3-4]
[The following information applies to the questions
displayed below.]
Bunnell Corporation is a manufacturer that uses job-order
costing. On January 1, the company’s inventory balances were as
follows:
Raw materials
$
62,500
Work in process
$
23,200
Finished goods
$
36,900
The company applies overhead cost to jobs on the basis of direct
labor-hours. For the current year, the company’s predetermined
overhead rate of $11.00 per direct labor-hour was based on...
Part1: Compute the amount that the company would disclose as
finished-goods inventory on the December 31, 20x2, balance
sheet.
Part2: Prepare the journal entry needed to record the year’s
completed production.
Part3: Compute the amount of under- or overapplied overhead at
year-end.
Part4: Prepare the necessary journal entry to record its
disposition. (If no entry is required for a
transaction/event, select "No journal entry required" in the first
account field.)
Mail - Claudia Marrs - Outlox Daily Treasury Yield Curver...
Assume the following information for a company that produced 10,000 units and sold 8,000 units during its first year of operations and produced 8,000 units and sold 10,000 units during its second year of operations: Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed selling and administrative expense Fixed manufacturing overhead Per Unt $200 $ 75 $ 50 $ 8 $ 8 Using variable costing, what is the net operating income for the second year of operations?...
please read the instruction
o The following information is available for Lock-Tite Company, which produces special-order security products and us costing system April 30 May 31 2:30:01 $45,500 10,700 65,500 57,000 22,300 40,600 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 215,000 355,000...