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The answer is D) $72000 because it is the amount of materials that were requistioned to work in progress
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5. Tondre Corporation has provided the following data concerning last months operations. Direct materials Direct labor Manufacturing overhead cost applied to Work in Process $24,000 $58,000 $87,000 $ 86,000 Actual manufacturing overhead for the month Note: There were no indirect materials in manufacturing overhead. All raw materials used are direct materials. Beginning Ending Raw materials inventory Work...
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5) Grib Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The predetermined overhead rates for the year are 200% of direct labor cost for Department A and 50% of direct labor cost for Department B. Job 436, started and completed during the year, was charged with the following...
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6) Miller Corporation manufactures a product for which materials are added at the beginning of the manufacturing process. This means 100% for materials at all times once started. A review of the companys inventory and cost records for the most recently completed year revealed the following information: Units Materials Conversion Work in process, January 1 (80% 100,000...
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Question 9 2 9) Emigh Corporation's cost of goods manufactured for the just completed month was $146,000 and its overhead was overapplied by $5,000. The beginning finished goods inventory was $35,000 and the ending finished goods inventory was $37,000. The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. How much was...
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5,300 1) Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total fixed administrative expense Cost of goods sold is a variable cost in this company. $ 590...
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2) Classify the following costs for an auto manufacturer as either direct materials, direct labor, manufacturing overhead, or period costs. Required : Complete the answer sheet below by placing an "X" under each heading that identifies the cost involved. (12 pts) Direct Direct Manufacturing Period Cost Materials Labor Overhead a. Steel used in automobiles b. Assembly department...
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4) Gercak Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Departments predetermined overhead rate is based on machine-hours and the Assembly Departments predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the...
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3) Obermeyer Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 10,000 direct labor-hours, total fixed manufacturing overhead cost of $96,000, and a variable manufacturing overhead rate of $3.60 per direct labor- hour. Job A735, which was...
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Question 7 2 pts 7) Overapplied manufacturing overhead would result if: A) the plant was operated at less than normal capacity. B) manufacturing overhead costs incurred were less than estimated manufacturing overhead costs. C) manufacturing overhead costs incurred were less than manufacturing overhead costs charged to production D) manufacturing overhead costs incurred were greater than manufacturing overhead...
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Question 1 1) Which of the following is NOT a period cost? A) B) C) D) Depreciation of factory maintenance equipment. Salary of a clerk who handles customer billing. Insurance on a company showroom where customers can view new products, Cost of a seminar concerning tax law updates that was attended by the company's controller. Question 4...
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5. Tondre Corporation has provided the following data concerning last months operations. Direct materials Direct labor Manufacturing overhead cost applied to Work in Process $24,000 $58,000 $87,000 $ 86,000 Actual manufacturing overhead for the month Note: There were no indirect materials in manufacturing overhead. All raw materials used are direct materials. Beginning Ending Raw materials inventory Work...
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I have been struggling for a while, and mainly I need the
answer!
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5) Grib Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The predetermined overhead rates for the year are 200% of direct labor cost for Department A and 50% of direct labor cost for Department B. Job 436, started and completed during the year, was charged with the following...
Please help me complete this!
I have been struggling for a while, and mainly I need the
answer!
Thank you for your help!
6) Miller Corporation manufactures a product for which materials are added at the beginning of the manufacturing process. This means 100% for materials at all times once started. A review of the companys inventory and cost records for the most recently completed year revealed the following information: Units Materials Conversion Work in process, January 1 (80% 100,000...
Please help me complete this!
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answer!
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Question 9 2 9) Emigh Corporation's cost of goods manufactured for the just completed month was $146,000 and its overhead was overapplied by $5,000. The beginning finished goods inventory was $35,000 and the ending finished goods inventory was $37,000. The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. How much was...
Please help me complete this!
I have been struggling for a while, and mainly I need the
answer!
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5,300 1) Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold Selling price per unit Unit cost of goods sold Variable selling expense per unit Total fixed selling expense Variable administrative expense per unit Total fixed administrative expense Cost of goods sold is a variable cost in this company. $ 590...
Please help me complete this!
I have been struggling for a while, and mainly I need the
answer!
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2) Classify the following costs for an auto manufacturer as either direct materials, direct labor, manufacturing overhead, or period costs. Required : Complete the answer sheet below by placing an "X" under each heading that identifies the cost involved. (12 pts) Direct Direct Manufacturing Period Cost Materials Labor Overhead a. Steel used in automobiles b. Assembly department...
Please help me complete this!
I have been struggling for a while, and mainly I need the
answer!
Thank you for your help!
4) Gercak Corporation has two production departments, Forming and Assembly. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Forming Departments predetermined overhead rate is based on machine-hours and the Assembly Departments predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the...
Please help me complete this!
I have been struggling for a while, and mainly I need the
answer!
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3) Obermeyer Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 10,000 direct labor-hours, total fixed manufacturing overhead cost of $96,000, and a variable manufacturing overhead rate of $3.60 per direct labor- hour. Job A735, which was...
Please help me complete this!
I have been struggling for a while, and mainly I need the
answer!
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Question 7 2 pts 7) Overapplied manufacturing overhead would result if: A) the plant was operated at less than normal capacity. B) manufacturing overhead costs incurred were less than estimated manufacturing overhead costs. C) manufacturing overhead costs incurred were less than manufacturing overhead costs charged to production D) manufacturing overhead costs incurred were greater than manufacturing overhead...
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Question 1 1) Which of the following is NOT a period cost? A) B) C) D) Depreciation of factory maintenance equipment. Salary of a clerk who handles customer billing. Insurance on a company showroom where customers can view new products, Cost of a seminar concerning tax law updates that was attended by the company's controller. Question 4...
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