Fairfield company applies manufacturing overhead to products at a predetermined rate of $49 per direct labor...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $49 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here:
| Direct materials | Used on Jobs 101 and 102 | $ | 89,500 | ||
| Indirect materials | Used on multiple jobs | 29,500 | |||
| Hourly labor wages | 750 hours @ $29 per hour | ||||
| 200 hours for Job 101 = | $ | 5,800 | |||
| 300 hours for Job 102 = | 8,700 | ||||
| 250 hours for Job 103 = | 7,250 | 21,750 | |||
| Factory supervision | 3,900 | ||||
| Production engineer | 7,900 | ||||
| Factory janitorial work | 2,400 | ||||
| Selling, general, and administrative salaries | 8,900 | ||||
| Other manufacturing overhead costs (factory rent, insurance, depreciation, etc.) | 7,400 | ||||
| Other selling, general, and administrative costs (office rent, insurance, depreciation, etc.) | 5,900 | ||||
Manufacturing overhead over applied or under applied
by how much
please show how as well
Homework Answers
| Direct labor hours | 750 | |
| Applied Overhead | $ 36,750 | =750*49 |
| Actual Overhead | $ 21,600 | =3900+7900+2400+7400 |
| Manfacturing overhead is Overapplied by | $15,150 | =36750-21600 |
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Fairfield company applies manufacturing overhead to products at
a predetermined rate of $49 per direct labor...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $49 per direct labor...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $49 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here: Total Cost 89,500 29,500 Item Description Direct materials Used on Jobs 101 and 102 Indirect materials Used on multiple jobs Hourly labor wages 750 hours @ $29 per hour 200 hours for Job 101 = $ 5,800 300 hours for Job 102 = 8,700 250 hours for Job 103 = 7.250...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $60 per direct labor...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $60 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here: Item Description Total Cost Direct materials Used on Jobs 101 and 102 95,000 Indirect materials Used on multiple jobs 35,000 Hourly labor wages 750 hours @ $40 per hour 200 hours for Job 101 = $ 8,000 300 hours for Job 102 = 12,000 250 hours for Job 103 = 10,000...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $55 per direct labor...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $55 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here: Item Description Total Cost Direct materials Used on Jobs 101 and 102 $ 92,500 Indirect materials Used on multiple jobs 32,500 Hourly labor wages 750 hours @ $35 per hour 200 hours for Job 101 = $ 7,000 300 hours for Job 102 = 10,500 250 hours for Job 103 =...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $42 per direct labor...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $42 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here: Total Cost $ 86,000 26,000 Item Description Direct materials Used on Jobs 101 and 102 Indirect materials Used on multiple jobs Hourly labor wages 750 hours @ $22 per hour 200 hours for Job 101 - $ 4,400 300 hours for Job 102 - 6,600 250 hours for Job 103 =...
Fairfield company applies manufacturing overhead to products at a predetemined rate of $45 per direct labor...
Fairfield company applies manufacturing overhead to products at a predetemined rate of $45 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here ltem Direct materials Indirect materials Hourly labor wages Description Used on Jobs 101 and 102 Used on multiple jobs 750 hours $25 per hour 200 hours for Job 101 300 hours for Job 102 250 hours for Job 103- Total Cost 87,500 27,500 $ 5,000 7,500 Factory supervision Production engineer Factory...
Question 8 (of 23) Save & Exint Sub 8. 0 20 points Fairfield company applies manufacturing...
Question 8 (of 23) Save & Exint Sub 8. 0 20 points Fairfield company applies manufacturing overhead to products at a predetermined rate of $54 per direct labor hour, its actual manufacturing costs for the most recent period are summarized here tem Direct materials Indirect materials Hourly labor wages 92,000 32,000 Used on Jobs 101 and 102 Used on multiple jobs 750 hours @$34 per hour 200 hours for Job 101 S 6,800 300 hours for Job 102 250 hours...
The following information is available for Rodriguez Industries: Direct labor $ 84,000 Total current manufacturing costs...
The following information is available for Rodriguez Industries: Direct labor $ 84,000 Total current manufacturing costs 385,000 Manufacturing overhead is applied to production at 150 percent of direct labor cost. Determine the amount of direct materials used in production. Job 31 has a direct materials cost of $280 and a total manufacturing cost of $820. Overhead is applied to jobs at a rate of 200 percent of direct labor cost. Use the relationships among total manufacturing costs, conversion cost, and...
Fairfield Company's payroll costs for the most recent month are summarized here: Item Description Hourly labor...
Fairfield Company's payroll costs for the most recent month are summarized here: Item Description Hourly labor wages 9:40 hours $33 per hour 10 hours for Job 101 - 280 hours for Job 102 480 hours for Job 13- Factory supervision Production engineer Factory Janitorial work Selling, general, and administrative salaries Total payroll costs 15,840 531,20 3.55 6.79 zee 1. & 2. Prepare the journal entries for payroll and to apply manufacturing overhead to production. The company applies manufacturing overhead to...
Fairfield Company’s raw materials inventory transactions for the most recent month are summarized here: Beginning raw...
Fairfield Company’s raw materials inventory transactions for the most recent month are summarized here: Beginning raw materials $ 10,000 Purchases of raw materials 111,000 Raw materials issued Materials requisition 1445 48,500 For Job 101 Materials requisition 1446 31,000 For Job 102 Materials requisition 1447 11,500 Used on multiple jobs 1. & 2. Prepare the journal entries for materials. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1 record the purchase...
Fairfield Company’s payroll costs for the most recent month are summarized here: Item Description Total Cost...
Fairfield Company’s payroll costs for the most recent month are summarized here: Item Description Total Cost Hourly labor wages 850 hours @ $27 per hour 170 hours for Job 101 = $ 4,590 330 hours for Job 102 = 8,910 350 hours for Job 103 = 9,450 $ 22,950 Factory supervision 4,750 Production engineer 6,700 Factory janitorial work 1,800 Selling, general, and administrative salaries 8,800 Total payroll costs $ 45,000 1. Calculate how much of the labor costs would be...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $49 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here: Total Cost 89,500 29,500 Item Description Direct materials Used on Jobs 101 and 102 Indirect materials Used on multiple jobs Hourly labor wages 750 hours @ $29 per hour 200 hours for Job 101 = $ 5,800 300 hours for Job 102 = 8,700 250 hours for Job 103 = 7.250...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $42 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here: Total Cost $ 86,000 26,000 Item Description Direct materials Used on Jobs 101 and 102 Indirect materials Used on multiple jobs Hourly labor wages 750 hours @ $22 per hour 200 hours for Job 101 - $ 4,400 300 hours for Job 102 - 6,600 250 hours for Job 103 =...
Fairfield company applies manufacturing overhead to products at a predetemined rate of $45 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here ltem Direct materials Indirect materials Hourly labor wages Description Used on Jobs 101 and 102 Used on multiple jobs 750 hours $25 per hour 200 hours for Job 101 300 hours for Job 102 250 hours for Job 103- Total Cost 87,500 27,500 $ 5,000 7,500 Factory supervision Production engineer Factory...
Question 8 (of 23) Save & Exint Sub 8. 0 20 points Fairfield company applies manufacturing overhead to products at a predetermined rate of $54 per direct labor hour, its actual manufacturing costs for the most recent period are summarized here tem Direct materials Indirect materials Hourly labor wages 92,000 32,000 Used on Jobs 101 and 102 Used on multiple jobs 750 hours @$34 per hour 200 hours for Job 101 S 6,800 300 hours for Job 102 250 hours...
Fairfield Company's payroll costs for the most recent month are summarized here: Item Description Hourly labor wages 9:40 hours $33 per hour 10 hours for Job 101 - 280 hours for Job 102 480 hours for Job 13- Factory supervision Production engineer Factory Janitorial work Selling, general, and administrative salaries Total payroll costs 15,840 531,20 3.55 6.79 zee 1. & 2. Prepare the journal entries for payroll and to apply manufacturing overhead to production. The company applies manufacturing overhead to...
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