Homework Answers
Correct answer----- factory burden.
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Factory overheads are also known as factory burden. All factory overheads or product cost. Every cost other than factory cost are period cost. Supervisory cost in a factory is a part of factory overhead.
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Another term for factory overhead is O a. period cost Supervisory cost Oc. factory burden Ob....
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the...
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $339,900 and direct labor hours would be 47,500. Actual manufacturing overhead costs incurred were $300,300, and actual direct labor hours were 54,800. The journal entry to apply the factory overhead costs for the year would include a On credit to Factory Overhead for 5394,012 Ob debit to Factory Overhead for $300,300 c. debt to Factory...
The overhead cost applied to a job during a period is recorded with a credit to Factory Overhead and a debit to: OA...
The overhead cost applied to a job during a period is recorded with a credit to Factory Overhead and a debit to: OA) Jobs Overhead Expense OB) Cost of Goods Sold OC) Finished Goods Inventory D) Indirect Labor OE) Goods in Process Inventory
Calculator Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost...
Calculator Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning May I would be $470,500, and total direct labor costs would be $362,000. During May, the actual direct labor cost totaled $31,000, and factory overhead cost incurred totaled $41,900. a. What is the predetermined factory overhead rate based on direct labor cost? Enter...
Question 28 Error sum of squares (ESS) is computed as o a. È(9-Y,)? ob. Ŝ(v;-P) c....
Question 28 Error sum of squares (ESS) is computed as o a. È(9-Y,)? ob. Ŝ(v;-P) c. ][9:-x;) od. [9:-Y) O Question 30 The estimated value of Y1 is given by o a. f = B, +BX ob. 9 = bo +byx oc. 9= B. + BAX +8 od. 8,= bo +bX+8 Question 31 The adjusted R2 statistic a. is equal to the value of unadjusted R? o b.adjusts R2 for the degrees of freedom in the multiple regression model o...
Calculator Thomlin Company forecasts that total overhead for the current year will be $11,079,000 with 169,000...
Calculator Thomlin Company forecasts that total overhead for the current year will be $11,079,000 with 169,000 total machine hours. Year to date, the actual overhead is $7,689,000 and the actual machine hours are 82,000 hours. The predetermined overhead rate based on machine hours is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. Oa. $45 per machine hour Ob. $94 per machine hour Oc. $66 per machine hour Od $135 per machine hour...
15 ISL JUSPUSSI O The monthly overtime for employees of Fred's Manufacturing Company is normal with...
15 ISL JUSPUSSI O The monthly overtime for employees of Fred's Manufacturing Company is normal with a mean of 23 hours and a standard deviation of 2 hours 9 members of this population are selected at random, what is the probably the sample mean will be between 28.63 and 29.47 hours? (Round to the nearestent of a percent) O A 258% OB 232 OC. 20.4% OD 166% OL. None of the above e Type here to search O 3 8...
This Question: 1 pt 9 of 30 (complete This Test: 30 pts possibile o Theandem variatiews...
This Question: 1 pt 9 of 30 (complete This Test: 30 pts possibile o Theandem variatiews uniform distribution from 11 to 53 What is the probably the random variabile takes on a va that is within 12 standard deviations of the mean Round in the marettenth of a percent) OA 1495 OB 7165 OC.569 OD 676 OE. None of the above Type to search 8 5 6 7 8 9 Q E W R T Y P U A S...
Salaries for assembly workers in the factory would be classified as a: manufacturing overhead cost O...
Salaries for assembly workers in the factory would be classified as a: manufacturing overhead cost O direct labor cost O selling cost direct material cost Which of the following journal entries would be used to record the transfer of completed units from the last processing department, Department Z, to the finished goods warehouse? Finished Goods xx OA. Work in Process - Department z Work in Process - Department z OB Finished Goods XX xx xx xx xx OC. . Cost...
The estimated total factory overhead cost and total machine hours for Department 40 for the current...
The estimated total factory overhead cost and total machine hours for Department 40 for the current year are $250,000 and 56,250, respectively. During January, the first month of the current year, actual machine hours used totaled 5,100 and factory overhead cost incurred totaled $22,000. a. Determine the factory overhead rate based on machine hours. Round your answer to two decimal places. per machine hour 1. Present the entry to apply factory overhead to production in Department 40 for January What...
This Question: 1 pt 29 of 30 (9 complete) This Test: 30pes possible o A survey...
This Question: 1 pt 29 of 30 (9 complete) This Test: 30pes possible o A survey of an urban very showed that 74% of 1300 randomly selected students supported a fe increase to fund improvements to the student recreation center. What is the 56% confidence interval estimate for the proportion of al students at this university in favor of the fee increase?(Round to the nearest tenth of a percent) O A 712% <p76.3% OB. 683% <p<792% OC. 72.7% <p<15% OD....
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $339,900 and direct labor hours would be 47,500. Actual manufacturing overhead costs incurred were $300,300, and actual direct labor hours were 54,800. The journal entry to apply the factory overhead costs for the year would include a On credit to Factory Overhead for 5394,012 Ob debit to Factory Overhead for $300,300 c. debt to Factory...
The overhead cost applied to a job during a period is recorded with a credit to Factory Overhead and a debit to: OA) Jobs Overhead Expense OB) Cost of Goods Sold OC) Finished Goods Inventory D) Indirect Labor OE) Goods in Process Inventory
Calculator Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning May I would be $470,500, and total direct labor costs would be $362,000. During May, the actual direct labor cost totaled $31,000, and factory overhead cost incurred totaled $41,900. a. What is the predetermined factory overhead rate based on direct labor cost? Enter...
Question 28 Error sum of squares (ESS) is computed as o a. È(9-Y,)? ob. Ŝ(v;-P) c. ][9:-x;) od. [9:-Y) O Question 30 The estimated value of Y1 is given by o a. f = B, +BX ob. 9 = bo +byx oc. 9= B. + BAX +8 od. 8,= bo +bX+8 Question 31 The adjusted R2 statistic a. is equal to the value of unadjusted R? o b.adjusts R2 for the degrees of freedom in the multiple regression model o...
Calculator Thomlin Company forecasts that total overhead for the current year will be $11,079,000 with 169,000 total machine hours. Year to date, the actual overhead is $7,689,000 and the actual machine hours are 82,000 hours. The predetermined overhead rate based on machine hours is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. Oa. $45 per machine hour Ob. $94 per machine hour Oc. $66 per machine hour Od $135 per machine hour...
15 ISL JUSPUSSI O The monthly overtime for employees of Fred's Manufacturing Company is normal with a mean of 23 hours and a standard deviation of 2 hours 9 members of this population are selected at random, what is the probably the sample mean will be between 28.63 and 29.47 hours? (Round to the nearestent of a percent) O A 258% OB 232 OC. 20.4% OD 166% OL. None of the above e Type here to search O 3 8...
This Question: 1 pt 9 of 30 (complete This Test: 30 pts possibile o Theandem variatiews uniform distribution from 11 to 53 What is the probably the random variabile takes on a va that is within 12 standard deviations of the mean Round in the marettenth of a percent) OA 1495 OB 7165 OC.569 OD 676 OE. None of the above Type to search 8 5 6 7 8 9 Q E W R T Y P U A S...
Salaries for assembly workers in the factory would be classified as a: manufacturing overhead cost O direct labor cost O selling cost direct material cost Which of the following journal entries would be used to record the transfer of completed units from the last processing department, Department Z, to the finished goods warehouse? Finished Goods xx OA. Work in Process - Department z Work in Process - Department z OB Finished Goods XX xx xx xx xx OC. . Cost...
The estimated total factory overhead cost and total machine hours for Department 40 for the current year are $250,000 and 56,250, respectively. During January, the first month of the current year, actual machine hours used totaled 5,100 and factory overhead cost incurred totaled $22,000. a. Determine the factory overhead rate based on machine hours. Round your answer to two decimal places. per machine hour 1. Present the entry to apply factory overhead to production in Department 40 for January What...
This Question: 1 pt 29 of 30 (9 complete) This Test: 30pes possible o A survey of an urban very showed that 74% of 1300 randomly selected students supported a fe increase to fund improvements to the student recreation center. What is the 56% confidence interval estimate for the proportion of al students at this university in favor of the fee increase?(Round to the nearest tenth of a percent) O A 712% <p76.3% OB. 683% <p<792% OC. 72.7% <p<15% OD....
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