Homework Answers
| Total conversion cost = Direct labor cost + Factory overhead cost = 105000 + 53000 = | 158000 | Option d |
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1.4286 points Save Answer In the manufacture of 10,000 units of product, direct materials cast incurred...
In the manufacture of 9,800 units of a product, direct materials cost incurred was $174,900, direct...
In the manufacture of 9,800 units of a product, direct materials cost incurred was $174,900, direct labor cost incurred was $111,900, and applied factory overhead was $46,400. What is the total conversion cost? a. $158,300 b. $333,200 c. $174,900 d. $46,400
In the manufacture of 9,900 units of a product, direct materials cost incurred was $171,000, direct...
In the manufacture of 9,900 units of a product, direct materials cost incurred was $171,000, direct labor cost incurred was $106,900, and applied factory overhead was $40,900, What is the total conversion cost? Oa. $318,800 Ob. $171,000 Oc. $147,800 Od. 540.900
In the manufacture of 10,000 units of a product, direct materials cost incurred was $170,500, direct...
In the manufacture of 10,000 units of a product, direct materials cost incurred was $170,500, direct labor cost incurred was $108,000, and applied factory overhead was $49,200. What is the total conversion cost? a.$157,200 b.$49,200 c.$327,700 d.$170,500 The Thomlin Company forecasts that total overhead for the current year will be $11,136,000 with 196,000 total machine hours. Year to date, the actual overhead is $7,770,000 and the actual machine hours are 80,000 hours. The predetermined overhead rate based on machine hours...
Instructions Instructions 10 pts Question 3 In the manufacture of 8,000 units of a product, direct...
Instructions Instructions 10 pts Question 3 In the manufacture of 8,000 units of a product, direct materials cost incurred was $154,600, direct labor cost incurred was $84,000, and applied factory overhead was $45,500. What is the total conversion cost? $284,100 $129,500 $238,600 $154,600 • Previous Next acer Question 4 5 pts The Thomlin Company forecasts that total overhead for the current year will be $15,500,000 with 250,000 total machine hours. Year to date, the actual overhead is $ 16,000,000 and...
1. Determine the total of each production cost incurred for April (direct labor direct materials, and...
1.
Determine the total of each production cost incurred for April
(direct labor direct materials, and applied overhead), and the
total cost assigned to each job including the balances from March
31)
Required information The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000;...
its of product w as Direct Materials. Direct Labor and Factory Overhead Cost lance is Macdna...
its of product w as Direct Materials. Direct Labor and Factory Overhead Cost lance is Macdna in processes a base chemical into plastic Standard costs and actual costs for Srect materials direct labor, and factory overhead incurred for the manufacture of Standard Costs Actual Costs Direct materials 207,200 lbs. at $5.00 205100 $4.80 Direct labor 15,500 $18.70 18.050 $18.90 Factory overhead Rates per direct labore based on 100% of a Capacity of 19.310 direct Variate , 3.20 Fedo, 15.10 158,610...
FORUM DESCRIPTION Product costing involves charging the cost of Direct Materials, Direct Labor and Overhead to...
FORUM DESCRIPTION Product costing involves charging the cost of Direct Materials, Direct Labor and Overhead to products. Any product that you have ever seen or service that you have ever paid for, must have incorporated at least one these three elements of cost le. DM, DL, and OH. In both Job Order costing and Process Costing, the cost of Direct Materials and the cost of Direct Labor are both easily traceable to the products. Cost of Direct Materials are traced...
1. 2. Crane Corporation incurred the following transactions. Purchased raw materials on account $46,400. Raw Materials...
1. 2. Crane Corporation incurred the following transactions. Purchased raw materials on account $46,400. Raw Materials of $36,100 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,900 was classified as indirect materials. Factory labor costs incurred were $60,000. Time tickets indicated that $54,100 was direct labor and $5,900 was indirect labor. Manufacturing overhead costs incurred on account were $81,500. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing...
Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials,...
Required: 1. Determine the total of each production cost incurred
for April (direct labor, direct materials, and applied overhead),
and the total cost assigned to each job (including the balances
from March 31).
Saved Required information The following information applies to the questions displayed below.) Marcelino Co.s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect...
Sheridan Corporation incurred the following transactions. 1. Purchased raw materials on account $46,600. 2. Raw Materials...
Sheridan Corporation incurred the following transactions. 1.
Purchased raw materials on account $46,600. 2. Raw Materials of
$40,800 were requisitioned to the factory. An analysis of the
materials requisition slips indicated that $7,000 was classified as
indirect materials. 3. Factory labor costs incurred were $60,300.
4. Time tickets indicated that $55,700 was direct labor and $4,600
was indirect labor. 5. Manufacturing overhead costs incurred on
account were $83,700. 6. Manufacturing overhead was applied at the
rate of 160% of direct...
In the manufacture of 9,900 units of a product, direct materials cost incurred was $171,000, direct labor cost incurred was $106,900, and applied factory overhead was $40,900, What is the total conversion cost? Oa. $318,800 Ob. $171,000 Oc. $147,800 Od. 540.900
Instructions Instructions 10 pts Question 3 In the manufacture of 8,000 units of a product, direct materials cost incurred was $154,600, direct labor cost incurred was $84,000, and applied factory overhead was $45,500. What is the total conversion cost? $284,100 $129,500 $238,600 $154,600 • Previous Next acer Question 4 5 pts The Thomlin Company forecasts that total overhead for the current year will be $15,500,000 with 250,000 total machine hours. Year to date, the actual overhead is $ 16,000,000 and...
1.
Determine the total of each production cost incurred for April
(direct labor direct materials, and applied overhead), and the
total cost assigned to each job including the balances from March
31)
Required information The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000;...
its of product w as Direct Materials. Direct Labor and Factory Overhead Cost lance is Macdna in processes a base chemical into plastic Standard costs and actual costs for Srect materials direct labor, and factory overhead incurred for the manufacture of Standard Costs Actual Costs Direct materials 207,200 lbs. at $5.00 205100 $4.80 Direct labor 15,500 $18.70 18.050 $18.90 Factory overhead Rates per direct labore based on 100% of a Capacity of 19.310 direct Variate , 3.20 Fedo, 15.10 158,610...
FORUM DESCRIPTION Product costing involves charging the cost of Direct Materials, Direct Labor and Overhead to products. Any product that you have ever seen or service that you have ever paid for, must have incorporated at least one these three elements of cost le. DM, DL, and OH. In both Job Order costing and Process Costing, the cost of Direct Materials and the cost of Direct Labor are both easily traceable to the products. Cost of Direct Materials are traced...
1. 2. Crane Corporation incurred the following transactions. Purchased raw materials on account $46,400. Raw Materials of $36,100 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,900 was classified as indirect materials. Factory labor costs incurred were $60,000. Time tickets indicated that $54,100 was direct labor and $5,900 was indirect labor. Manufacturing overhead costs incurred on account were $81,500. Manufacturing overhead was applied at the rate of 150% of direct labor cost. Goods costing...
Required: 1. Determine the total of each production cost incurred
for April (direct labor, direct materials, and applied overhead),
and the total cost assigned to each job (including the balances
from March 31).
Saved Required information The following information applies to the questions displayed below.) Marcelino Co.s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect...
Sheridan Corporation incurred the following transactions. 1.
Purchased raw materials on account $46,600. 2. Raw Materials of
$40,800 were requisitioned to the factory. An analysis of the
materials requisition slips indicated that $7,000 was classified as
indirect materials. 3. Factory labor costs incurred were $60,300.
4. Time tickets indicated that $55,700 was direct labor and $4,600
was indirect labor. 5. Manufacturing overhead costs incurred on
account were $83,700. 6. Manufacturing overhead was applied at the
rate of 160% of direct...
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