Homework Answers
| Direct materials | 70000 | |
| Direct labor | 130000 | |
| Overhead applied | 60000 | |
| Total cost of job 402 | 260000 | |
| Cost per unit | 65 | =260000/4000 |
| Units in hand | 1000 | =4000-3000 |
| X Cost per unit | 65 | |
| Cost of finished goods in hand | 65000 | |
| Option D $65000 is correct |
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Question 12 of 15 -/3.25 E View Policies Current Attempt in Progress The following information is...
--/1 Question 32 View Policies Current Attempt in Progress The following information is available for completed...
--/1 Question 32 View Policies Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials, $220000; direct labor, $280000; manufacturing overhead applied, $210000; units produced, 5000 units; units sold, 3000 units. The cost of the finished goods on hand from this job is $426000 $710000. $200000. $284000. Save for Later Attempts: 0 of 1 used 1 used Submit Answer Sulimit Answer Send to Gradebook
the cost of the finished goods on hand from this job is? View Policies Current Attempt...
the cost of the finished goods on hand from this job is?
View Policies Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials, $20000; direct labor, $80000; manufacturing overhead applied, $10000; units produced, 8000 units; units sold, 6000 units. The cost of the finished goods on hand from this job is $82500. $25000 $110000. $27500 Save for Later
Current Attempt in Progress Marigold Corp.completed Job No. B14 during 2017. The job cost sheet listed...
Current Attempt in Progress Marigold Corp.completed Job No. B14 during 2017. The job cost sheet listed the following: Direct materials Direct labor Manufacturing overhead applied Units produced $60000 $50000 $30000 4000 units Units sold 2800 units How much is the cost of the finished goods on hand from this job? $42000 $106000 $140000 $98000 Save for Later Attempts: 0 F ODO F5 DIL
Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials....
Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials. $20000; direct labor, $80000; manufacturing overhead applied $10000; units produced, 8000 units; units sold, 6000 units. The cost of the finished goods on hand from this job is $25000 O $110000 $27500. $82500 Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air esc 2 3 % 5 &
Question 6 of 15 < > - 14 View Policies Current Attempt in Progress At Roger...
Question 6 of 15 < > - 14 View Policies Current Attempt in Progress At Roger Mills, Inc., manufacturing overhead was estimated to be $26,400,000 at the start of the year and direct labor hours were estimated to be 240,000. Overhead is applied to jobs using a predetermined overhead rate with direct labor hours as the allocation base. During the current year, Job 525 was assigned 59 labor hours. How much overhead was applied to this job? Overhead applied to...
View Policies Current Attempt in Progress Sunland Company uses job order costing for its brand new...
View Policies Current Attempt in Progress Sunland Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $16000 of materials, $11000 of direct labor costs, and $7000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $11000, and the ending balance is $8000....
Question 24 of 36 -11 < > View Policies Current Attempt in Progress In Marigold Company,...
Question 24 of 36 -11 < > View Policies Current Attempt in Progress In Marigold Company, the Cutting Department had beginning work in process of 6300 units, transferred out 23500 units, and had an ending work in process of 4000 units. How many units were started by Marigold during the month? 27500 23500 21200 17200 Save for Later Attempts: 0 of 1 used Submit Answer
--/10 Question 10 View Policies Current Attempt in Progress Marigold Company is considering buying equipment for...
--/10 Question 10 View Policies Current Attempt in Progress Marigold Company is considering buying equipment for $260000 with a useful life of 5 years and an estimated salvage value of $10000. If annual expected income is $28000, the denominator in computing the annual rate of return is $260000 $130000. $270000 $135000
Question 35 --/1 View Policies Current Attempt in Progress Bonita Industries applies overhead on the basis...
Question 35 --/1 View Policies Current Attempt in Progress Bonita Industries applies overhead on the basis of 120% of direct labor cost. Job No. 190 is charged with $300000 of direct materials costs and $75000 of manufacturing overhead. The total manufacturing costs for Job No. 190 is $435000. $465000. $437500. $375000. Save for Later Attempts: 0 of 1 used Submit Answer
View Policies Current Attempt in Progress Gant Accounting performs two types of services, Audit and Tax....
View Policies Current Attempt in Progress Gant Accounting performs two types of services, Audit and Tax. Gant's overhead costs consist of computer support, $279000; and legal support, $139500. Information on the two services is: Direct labor cost CPU minutes Legal hours used Audit Tax $50000 $100000 40000 10000 200 800 Overhead applied to audit services using traditional costing is O $279000. O $167400. O $251100 O $139500 Save for Later Attempts: 0 of 1 used Submit Answer
--/1 Question 32 View Policies Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials, $220000; direct labor, $280000; manufacturing overhead applied, $210000; units produced, 5000 units; units sold, 3000 units. The cost of the finished goods on hand from this job is $426000 $710000. $200000. $284000. Save for Later Attempts: 0 of 1 used 1 used Submit Answer Sulimit Answer Send to Gradebook
the cost of the finished goods on hand from this job is?
View Policies Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials, $20000; direct labor, $80000; manufacturing overhead applied, $10000; units produced, 8000 units; units sold, 6000 units. The cost of the finished goods on hand from this job is $82500. $25000 $110000. $27500 Save for Later
Current Attempt in Progress Marigold Corp.completed Job No. B14 during 2017. The job cost sheet listed the following: Direct materials Direct labor Manufacturing overhead applied Units produced $60000 $50000 $30000 4000 units Units sold 2800 units How much is the cost of the finished goods on hand from this job? $42000 $106000 $140000 $98000 Save for Later Attempts: 0 F ODO F5 DIL
Current Attempt in Progress The following information is available for completed Job No. 402: Direct materials. $20000; direct labor, $80000; manufacturing overhead applied $10000; units produced, 8000 units; units sold, 6000 units. The cost of the finished goods on hand from this job is $25000 O $110000 $27500. $82500 Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air esc 2 3 % 5 &
Question 6 of 15 < > - 14 View Policies Current Attempt in Progress At Roger Mills, Inc., manufacturing overhead was estimated to be $26,400,000 at the start of the year and direct labor hours were estimated to be 240,000. Overhead is applied to jobs using a predetermined overhead rate with direct labor hours as the allocation base. During the current year, Job 525 was assigned 59 labor hours. How much overhead was applied to this job? Overhead applied to...
View Policies Current Attempt in Progress Sunland Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $16000 of materials, $11000 of direct labor costs, and $7000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $11000, and the ending balance is $8000....
Question 24 of 36 -11 < > View Policies Current Attempt in Progress In Marigold Company, the Cutting Department had beginning work in process of 6300 units, transferred out 23500 units, and had an ending work in process of 4000 units. How many units were started by Marigold during the month? 27500 23500 21200 17200 Save for Later Attempts: 0 of 1 used Submit Answer
--/10 Question 10 View Policies Current Attempt in Progress Marigold Company is considering buying equipment for $260000 with a useful life of 5 years and an estimated salvage value of $10000. If annual expected income is $28000, the denominator in computing the annual rate of return is $260000 $130000. $270000 $135000
Question 35 --/1 View Policies Current Attempt in Progress Bonita Industries applies overhead on the basis of 120% of direct labor cost. Job No. 190 is charged with $300000 of direct materials costs and $75000 of manufacturing overhead. The total manufacturing costs for Job No. 190 is $435000. $465000. $437500. $375000. Save for Later Attempts: 0 of 1 used Submit Answer
View Policies Current Attempt in Progress Gant Accounting performs two types of services, Audit and Tax. Gant's overhead costs consist of computer support, $279000; and legal support, $139500. Information on the two services is: Direct labor cost CPU minutes Legal hours used Audit Tax $50000 $100000 40000 10000 200 800 Overhead applied to audit services using traditional costing is O $279000. O $167400. O $251100 O $139500 Save for Later Attempts: 0 of 1 used Submit Answer
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