As per HOMEWORKLIB RULES, only the first question has to be solved. But I'm solving two for you :)
2.2 Manufacturing overhead applied = Predetermined overhead rate * Actual direct labor hours = 22.70 * 11,800 dlh = 267,860 |
2.3. Number of direct labor hours = 240/16 per hour = 15 hours Total manufacturing cost = Direct Materials + Direct Labor + Overhead applied = 290 + 240 + (15*24) = 890 Unit product cost = Total manufacturing cost/Units produced = 890/50 = 17.80 per unit |
Exercise 2-2 (Algo) Apply Overhead Cost to Jobs (LO2-2) Luthan Company uses a plantwide predetermined overhead...
Exercise 2-4 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4) Fickel Company has two manufacturing departments---Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $14.00 per direct labor-hour and $10.00 per direct labor-hour, respectively. The company's direct labor wage rate is $17.00 per hour. The following information pertains to Job N-60: Direct materials Direct labor Assembly $355 $102 Testing & Packaging $31 $34 Required: 1. What...
Exercise 2-1 Compute a Predetermined Overhead Rate (LO2-1) points Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor hours. At the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $533,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $661,588...
Exercise 2-3 Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate [LO2-3] 0.62 points Mickley Company's plantwide predetermined overhead rate is $14.00 per direct labor-hour and its direct labor wage rate is $17.00 per hour. The following information pertains to Job A-500: eBook Hint Direct materials Direct labor $ 231 $ 153 Print References Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 40 units, what...
Exercise 2-2 Apply Overhead Cost to Jobs (LO2-2] Luthan Company uses a plantwide predetermined overhead rate of $22.90 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $274,800 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor- hours. The company incurred actual total manufacturing overhead cost of $267,000 and 12,600 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to...
Exercise 2-2 Apply Overhead Cost to Jobs (LO2-2] Luthan Company uses a plantwide predetermined overhead rate of $22.70 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $272,400 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor- hours. The company incurred actual total manufacturing overhead cost of $269,000 and 12,000 total direct labor-hours during the period. Required: Determine the amount of manufacturing overhead cost that would have been applied to...
Exercise 2-2 Apply Overhead Cost to Jobs [LO2-2] Luthan Company uses a plantwide predetermined overhead rate of $22.10 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $265,200 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor-hours. The company incurred actual total manufacturing overhead cost of $270,000 and 12,600 total direct labor-hours during the period. Required Determine the amount of manufacturing overhead cost that would have been applied to all...
Exercise 2-4 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4) Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $20.00 per direct labor-hour and $16.00 per direct labor-hour, respectively. The company's direct labor wage rate is $22.00 per hour. The following information pertains to Job N-60: Testing & Packaging $41 $99 Assembly $380 $187 Direct materials Direct labor Required: 1. What...
Exercise 2-4 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates [LO2-4) Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $20.00 per direct labor-hour and $16.00 per direct labor-hour , respectively. The company's direct labor wage rate is $22.00 per hour. The following information pertains to Job N-60: Testing & Assembly Packaging Direct materials Direct labor $380 $187 $99 Required: 1. What...
Exercise 2-4 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4) Fickel Company has two manufacturing departments--Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $20.00 per direct labor-hour and $16.00 per direct labor-hour, respectively. The company's direct labor wage rate is $22.00 per hout. The following information pertains to Job N-60: Testing & Assembly Packaging Direct materials Direct labor $380 $187 $41 $99 Required: 1. What...
Exercise 2-4 (Algo) Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4) Fickel Company has two manufacturing departments-Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $12.00 per direct labor-hour and $8.00 per direct labor-hou respectively. The company's direct labor wage rate is $15.00 per hour. The following information pertains to Job N-60 Direct materials Direct labor Assembly $345 $ 75 Testing & Packaging $27 $15 Required: 1....