Homework Answers
28. (a) ₹17500
Explanation:
Factory overhead includes indirect costs not direct so, payroll to be charged to factory overhead = 15000 + 2500 = 17500
29. (d) All of these are correct
Explanation:
Fixed cost are that type of cost which does not changes in total with the change in production. It remains same. So all the given costs are fixed as they will not change with the change in production.
30. (b) all manufacturing costs except direct materials and direct labour
Explanation:
Factory overheads are those costs which are incurred during the process of manufacturing in the factory excluding the direct material and direct labour cost.
31. (a) can be a variable cost or fixed cost
Add Answer to:
28. Western Industries pays employees on a weekly basis on Tuesday for the week ended the...
Martin Printing pays employees on a weekly basis on Friday for the week ended the previous...
Martin Printing pays employees on a weekly basis on Friday for the week ended the previous Friday. Employees’ compensation is earned evenly each day over a 5-day work week. This year, March 31 fell on Tuesday. Payroll costs for the week ended April 3 follow: Non Factory: Sales $ 28,200 Administrative 34,500 $ 62,700 Factory: Direct labor $ 77,200 Overtime premium 5,300 Indirect labor 45,700 $128,400 $191,100 Excluding payroll taxes, what amount should be accrued to the payroll account for...
Labels Actual factory overhead Depreciation of equipment Direct labor used Direct materials used Factory overhead applied...
Labels
Actual factory overhead
Depreciation of equipment
Direct labor used
Direct materials used
Factory overhead applied
Factory rent
Factory utilities
Indirect labor
Indirect materials
Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $27,000; factory rent, $39,000; factory utilities, $24,000; and factory...
THANK YOU:)! REQ#1 REQ#2 REQ#3 REQ#4 Required information The following information applies to the questions displayed...
THANK YOU:)!
REQ#1
REQ#2
REQ#3
REQ#4
Required information The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $376,000. Overhead costs incurred in Aprilare: indirect materials, $53.000; indirect labor, $23.000 factory rent, $37000; factory utilities. $19,000: and factory equipment depreciation. $54,000. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $675,000...
Thanks for all your help! The following information applies to the questions displayed below.) Marcelino Co.'s...
Thanks for all your help!
The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $82,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $389,000. Overhead costs incurred in April are: Indirect materials, $53,000: indirect labor. $27,000; factory rent, $35,000; factory utilities, $21,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $680,000 cash in...
The following data were taken from the records of Clarkson Company for the fiscal year ended...
The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017 Raw Materials Inventory 7/1/16 Raw Materials Inventory 6/30/17 Finished Goods Inventory 7/1/16 Finished Goods Inventory 6/30/17 Work in Process Inventory 7/1/16 Work in Process Inventory 6/30/17 Direct Labor Indirect Labor Accounts Receivable $51,500 47,900 98,100 27,700 25,200 21,000 145,850 25,260 35,200 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Manager's Salary Factory Property Taxes...
Question 4 View Policies Current Attempt in Progress Cepeda Corporation has the following cost records for...
Question 4 View Policies Current Attempt in Progress Cepeda Corporation has the following cost records for June 2020. $4,690 Factory utilities $430 Indirect factory labor Direct materials used 22,410 Depreciation, factory equipment 1,770 Work in process, 6/1/20 3,970 Direct labor 42,100 Work in process, 6/30/20 1.910 4.410 5,650 Maintenance, factory equipment Indirect materials Finished goods, 6/1/20 2,810 Finished goods, 6/30/20 8,030 Factory manager's salary 3,930 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods...
Marcelino Co.'s March 31 inventory of raw materials is $90,000. Raw materials purchases in April are...
Marcelino Co.'s March 31 inventory of raw materials is $90,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $381,000. Overhead costs incurred in April are: indirect materials, $53,000; indirect labor, $25,000; factory rent, $36,000; factory utilities, $24,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $655,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363.000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor $23,000; factory rent, $32,000; factory utilities. $19,000, and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job...
Chap 15 Homework Marcelino Co.'s March 31 inventory of raw materials is $88.000. Raw materials purchases...
Chap 15 Homework Marcelino Co.'s March 31 inventory of raw materials is $88.000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $384.000. Overhead costs incurred in Aprilare: indirect materials, $53,000; indirect labor, $28.000; factory rent, $37.000; factory utilities, $21,000, and factory equipment depreciation, S53,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $655,000 cash in April. Costs of the three jobs worked on in April follow Job...
Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are...
Marcelino Co.'s March 31 inventory of raw materials is
$84,000. Raw materials purchases in April are $560,000, and factory
payroll cost in April is $382,000. Overhead costs incurred in April
are: indirect materials, $56,000; indirect labor, $26,000; factory
rent, $32,000; factory utilities, $23,000; and factory equipment
depreciation, $61,000. The predetermined overhead rate is 50% of
direct labor cost. Job 306 is sold for $695,000 cash in April.
Costs of the three jobs worked on in April
follow.
(The following information...
Labels
Actual factory overhead
Depreciation of equipment
Direct labor used
Direct materials used
Factory overhead applied
Factory rent
Factory utilities
Indirect labor
Indirect materials
Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $27,000; factory rent, $39,000; factory utilities, $24,000; and factory...
THANK YOU:)!
REQ#1
REQ#2
REQ#3
REQ#4
Required information The following information applies to the questions displayed below) Marcelino Co.'s March 31 inventory of raw materials is $86,000. Raw materials purchases in April are $540,000, and factory payroll cost in April is $376,000. Overhead costs incurred in Aprilare: indirect materials, $53.000; indirect labor, $23.000 factory rent, $37000; factory utilities. $19,000: and factory equipment depreciation. $54,000. The predetermined overhead rate is 50% of direct labor cost Job 306 is sold for $675,000...
Thanks for all your help!
The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $82,000. Raw materials purchases in April are $530,000, and factory payroll cost in April is $389,000. Overhead costs incurred in April are: Indirect materials, $53,000: indirect labor. $27,000; factory rent, $35,000; factory utilities, $21,000; and factory equipment depreciation, $58,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $680,000 cash in...
The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017 Raw Materials Inventory 7/1/16 Raw Materials Inventory 6/30/17 Finished Goods Inventory 7/1/16 Finished Goods Inventory 6/30/17 Work in Process Inventory 7/1/16 Work in Process Inventory 6/30/17 Direct Labor Indirect Labor Accounts Receivable $51,500 47,900 98,100 27,700 25,200 21,000 145,850 25,260 35,200 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Manager's Salary Factory Property Taxes...
Question 4 View Policies Current Attempt in Progress Cepeda Corporation has the following cost records for June 2020. $4,690 Factory utilities $430 Indirect factory labor Direct materials used 22,410 Depreciation, factory equipment 1,770 Work in process, 6/1/20 3,970 Direct labor 42,100 Work in process, 6/30/20 1.910 4.410 5,650 Maintenance, factory equipment Indirect materials Finished goods, 6/1/20 2,810 Finished goods, 6/30/20 8,030 Factory manager's salary 3,930 Prepare a cost of goods manufactured schedule for June 2020. CEPEDA CORPORATION Cost of Goods...
Marcelino Co.'s March 31 inventory of raw materials is $90,000. Raw materials purchases in April are $510,000, and factory payroll cost in April is $381,000. Overhead costs incurred in April are: indirect materials, $53,000; indirect labor, $25,000; factory rent, $36,000; factory utilities, $24,000; and factory equipment depreciation, $55,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $655,000 cash in April. Costs of the three jobs worked on in April follow. Job 306 Job...
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payroll cost in April is $363.000. Overhead costs incurred in April are: indirect materials, $50,000; indirect labor $23,000; factory rent, $32,000; factory utilities. $19,000, and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow Job 306 Job...
Chap 15 Homework Marcelino Co.'s March 31 inventory of raw materials is $88.000. Raw materials purchases in April are $580,000, and factory payroll cost in April is $384.000. Overhead costs incurred in Aprilare: indirect materials, $53,000; indirect labor, $28.000; factory rent, $37.000; factory utilities, $21,000, and factory equipment depreciation, S53,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $655,000 cash in April. Costs of the three jobs worked on in April follow Job...
Marcelino Co.'s March 31 inventory of raw materials is
$84,000. Raw materials purchases in April are $560,000, and factory
payroll cost in April is $382,000. Overhead costs incurred in April
are: indirect materials, $56,000; indirect labor, $26,000; factory
rent, $32,000; factory utilities, $23,000; and factory equipment
depreciation, $61,000. The predetermined overhead rate is 50% of
direct labor cost. Job 306 is sold for $695,000 cash in April.
Costs of the three jobs worked on in April
follow.
(The following information...
Most questions answered within 3 hours.
-
Chargaff's results yielded a molar ratio of 0.400 for A to G in
avian tubercle bacillus...
asked 52 minutes ago -
Which of the following binds ATP/ADP?
a. microfilaments
b. microtubules
c. intermediate filaments
d. microfilaments and...
asked 55 minutes ago -
Assume that the situation can be expressed as a linear cost
function. Find the cost function....
asked 2 hours ago -
(Sort ArrayList) Write the following method that sorts an
ArrayList: public static > void sort(ArrayList list)...
asked 3 hours ago -
2) A 9 volt battery is connected to a parallel plate capacitor
with an initial capacitance...
asked 2 hours ago -
Prince Equipment has to decide whether to obtain $1,000,000 of
financing by: (1) selling common stock...
asked 3 hours ago -
The terms electrical and electronic have similar but
different meanings which of the following statement is...
asked 3 hours ago -
You wish to test the claim that the mean GPA of night students
is than 2.5...
asked 4 hours ago -
A soft drink machine outputs a mean of 25 ounces per cup. The
machine's output is...
asked 5 hours ago -
Ross Co., Westerfield, Inc., and Jordan Company announced a new
agreement to market their respective products...
asked 4 hours ago -
What is the distance run by a runner 50m/hr and
60m/hr?
asked 5 hours ago -
Write a descendant selector rule that affects the <em>
element that is contained within the
<p>...
asked 6 hours ago