Homework Answers
1. Beginning WIP+Direct material+Direct labour+ applied overhead-ending WIP= Transferred to finished goods. From the ledger accounts it is evident that amount transferred to finished goods is $367400. Also applied factory overhead is $102420 and since overhead rate is 50% of direct labout cost( we will use predetermined overhead here), direct labour= 113800*2= $227600
113800+direct material+227600+102420-148000= 367400. direct material used= $71580
2. Predetermined overhead rate= Overhead/Direct labour=6900/39000= 17.69%
3. WIP at the end of march= direct material+direct labour+applied manufacturing overhead= 2300+3800+2*3800= $13700
Add Answer to:
z Chapter (5 pts) Saved Help Save & Exit Submit You received no credit for this...
Saved Help Save & Exit Submit Check my work On March 1 a dressmaker starts work...
Saved Help Save & Exit Submit Check my work On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 53% of direct materials costs. During the month, the jobs used direct materials as shown below. Direct materials used Job 1 Job 2 Job 3 $5,700 $7,700 $2,200 During the month, the jobs used direct labor as shown below. Jobs 1 and...
A company's overhess rates 200% of direct labor cost Using the folowing incomplete accounts, determine the...
A company's overhess rates 200% of direct labor cost Using the folowing incomplete accounts, determine the cost of direct materials used Work in Process Intory Finished Goods Inventory Factory Overhead 144.000 145,828 Beginning FG Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP Ending FG 271, eee 41,000 Multiple Chois 562.000 ooooo 3271.000 Using the following accounts and an overhead rate of 50% of direct labor cost determine the amount of spelled overness work In Process...
The predetermined overhead rate of 160% allocates overhead based on direct materials cost. If direct labor...
The predetermined overhead rate of 160% allocates overhead based on direct materials cost. If direct labor cost is $55,000 and direct materials cost is $85,000, how much overhead should be applied? 59 Multiple Choice $55,000. $136,000 $53,125 $34,375. Droit 14 View previous attempt D . 25:36 Job 100 was ordered by a customer on March 25. During the month of March, the job required: $1,900 of direct materials and • $3,400 of direct labor In April, the job required an...
A company's overhead rate is 50% of direct labor cost. Using the following incomplete accounts, determine...
A company's overhead rate is 50% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 92,200 ? ? Beginning WIP Direct materials Direct labor Applied overhead To finished goods Ending WIP ? 82,980 119,900 Factory Overhead 92,200 Finished Goods Inventory 108,300 297,600 130,100 Beginning FG 275,800 Ending FG Multiple Choice $27,700. $76,360. $297,600 $221,240. $157,800.
A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine...
A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 66,000 ? ? Beginning WIP Direct materials Direct labor Applied overhead To finished goods Ending WIP 156,000 76,000 Factory Overhead 154,000 Finished Goods Inventory 56,000 281,000 51,000 Beginning FG 286,000 Ending FG Multiple Choice $286,000. $281,000. $57,000. $154,000. $296,000.
A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine...
A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 69,000 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 159,000 79,000 Factory Overhead 157,000 Finished Goods Inventory 59,000 284,000 54,000 Beginning FG 289,000 Ending FG Multiple Choice O $158,500 0 $55,500. 0 $289,000 $284,000. $299,000
A company's overhead rate is 40% of direct labor cost. Using the following incomplete accounts, determine the cost of d...
A company's overhead rate is 40% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Factory Overhead 95, 2001 85,680 Work in Process Inventory Beginning WIP 95,200 Direct materials Direct labor Applied overhead To finished goods Ending WIP 123,800 Finished Goods Inventory Beginning FG 111,700 306,900 Ending FG 134,200 284,400 Multiple Choice 0 $162,800. 0 $28,600. 0 $35,620. 0 $306,900.
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee...
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,700 of direct materials and used $3.200 of direct labor. The job was not finished by the end of the month, but needed an additional $2,200 of direct materials in October and additional direct labor of $5,700 to finish the job. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost. What...
Help Save & Exit Submit Check my work B Required information [The following information applies to...
Help Save & Exit Submit Check my work B Required information [The following information applies to the questions displayed below.) of 4 The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ oped $39,000 9,500 52,000 54,000 19,600 34,500 Book 178,000 100,000 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with...
A company's overhead rate is 200% of direct labor cost. Using the following Incomplete accounts, determine...
A company's overhead rate is 200% of direct labor cost. Using the following Incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 51,000 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 141,000 61,000 Factory Overhead 139,000 Finished Goods Inventory 41,000 266,000 36,000 Beginning FG 271,000 Ending FG Multiple Choice 0 $13.500. 0 $64.500 O $271.000 O O $266,000 $281.000.
Saved Help Save & Exit Submit Check my work On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 53% of direct materials costs. During the month, the jobs used direct materials as shown below. Direct materials used Job 1 Job 2 Job 3 $5,700 $7,700 $2,200 During the month, the jobs used direct labor as shown below. Jobs 1 and...
A company's overhess rates 200% of direct labor cost Using the folowing incomplete accounts, determine the cost of direct materials used Work in Process Intory Finished Goods Inventory Factory Overhead 144.000 145,828 Beginning FG Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP Ending FG 271, eee 41,000 Multiple Chois 562.000 ooooo 3271.000 Using the following accounts and an overhead rate of 50% of direct labor cost determine the amount of spelled overness work In Process...
The predetermined overhead rate of 160% allocates overhead based on direct materials cost. If direct labor cost is $55,000 and direct materials cost is $85,000, how much overhead should be applied? 59 Multiple Choice $55,000. $136,000 $53,125 $34,375. Droit 14 View previous attempt D . 25:36 Job 100 was ordered by a customer on March 25. During the month of March, the job required: $1,900 of direct materials and • $3,400 of direct labor In April, the job required an...
A company's overhead rate is 50% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 92,200 ? ? Beginning WIP Direct materials Direct labor Applied overhead To finished goods Ending WIP ? 82,980 119,900 Factory Overhead 92,200 Finished Goods Inventory 108,300 297,600 130,100 Beginning FG 275,800 Ending FG Multiple Choice $27,700. $76,360. $297,600 $221,240. $157,800.
A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 66,000 ? ? Beginning WIP Direct materials Direct labor Applied overhead To finished goods Ending WIP 156,000 76,000 Factory Overhead 154,000 Finished Goods Inventory 56,000 281,000 51,000 Beginning FG 286,000 Ending FG Multiple Choice $286,000. $281,000. $57,000. $154,000. $296,000.
A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 69,000 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 159,000 79,000 Factory Overhead 157,000 Finished Goods Inventory 59,000 284,000 54,000 Beginning FG 289,000 Ending FG Multiple Choice O $158,500 0 $55,500. 0 $289,000 $284,000. $299,000
A company's overhead rate is 40% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Factory Overhead 95, 2001 85,680 Work in Process Inventory Beginning WIP 95,200 Direct materials Direct labor Applied overhead To finished goods Ending WIP 123,800 Finished Goods Inventory Beginning FG 111,700 306,900 Ending FG 134,200 284,400 Multiple Choice 0 $162,800. 0 $28,600. 0 $35,620. 0 $306,900.
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,700 of direct materials and used $3.200 of direct labor. The job was not finished by the end of the month, but needed an additional $2,200 of direct materials in October and additional direct labor of $5,700 to finish the job. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost. What...
Help Save & Exit Submit Check my work B Required information [The following information applies to the questions displayed below.) of 4 The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 $ oped $39,000 9,500 52,000 54,000 19,600 34,500 Book 178,000 100,000 Inventories Raw materials Work in process Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with...
A company's overhead rate is 200% of direct labor cost. Using the following Incomplete accounts, determine the cost of direct materials used. Work in Process Inventory 51,000 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 141,000 61,000 Factory Overhead 139,000 Finished Goods Inventory 41,000 266,000 36,000 Beginning FG 271,000 Ending FG Multiple Choice 0 $13.500. 0 $64.500 O $271.000 O O $266,000 $281.000.
Most questions answered within 3 hours.
-
The sandwich maker of the EE-Cole-Eye Sandwich Truck was just
fired (for a reason described below)...
asked 1 hour ago -
Name the following coordination compounds using systematic
nomenclature.
1. [Co(H2O)6]Cl2:
2. [Cr(NH3)6](NO3)3:
3. K4[Fe(CN)6]:
4. Na[Au(CN)4]:...
asked 1 hour ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 3 hours ago -
This assignment will explore the impact of corporate decisions
on a local versus a global perspective....
asked 2 hours ago -
Given the function below, F(w,x,y,z)= x’z+w’z’+w’y
a) draw a logic diagram for an implementation which uses...
asked 1 hour ago -
Most political philosophers believe we have a duty to obey laws,
even if the laws in...
asked 2 hours ago -
Which of the following are common negotiation outcome
mistakes?
a. Leave money on the table b....
asked 3 hours ago -
Convert the following quantities:
a) 0.819 atm to torr b) 512 mmHg to bar c) 11.2...
asked 3 hours ago -
C ++ Implement cat command
The purpose of this assignment is to provide practice using the...
asked 3 hours ago -
we
convert sugars into another form of stored potential energy. This
is called?
asked 4 hours ago -
The manufacturers of Oriental Spice Sauce are concerned that the
sodium levels in their product vary...
asked 4 hours ago -
PLEASE DON'T ANSWER IF YOU CAN'T ANSWER ALL OF THE QUESTIONS. I
DESPERATELY NEED HELP
Consider...
asked 4 hours ago