Homework Answers
Total manufacturing cost = Direct material+Direct labor+Applied overhead
786000 = 208000+X+184000
Direct labor = 394000
So answer is c) $394000
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ES Multiple Choice Question 118 Bramble Corp. developed the following data for the current year: 1...
Crane Company developed the following data for the current year: $36000 Beginning work in process inventory...
Crane Company developed the following data for the current year: $36000 Beginning work in process inventory Direct materials used Actual overhead Overhead applied Cost of goods manufactured Total manufacturing costs 208000 176000 184000 800000 756000 How much is Crane Company's direct labor cost for the year? $408000 $328000 $364000 $400000
Multiple Choice Question 119 Bonita Industries developed the following data for the current year: Beginning work...
Multiple Choice Question 119 Bonita Industries developed the following data for the current year: Beginning work in process inventory Direct materials used Actual overhead Overhead applied Cost of goods manufactured Total manufacturing costs $ 96000 208000 176000 184000 860000 816000 How much is Bonita Industries's ending work in process inventory for the year? O $52000 O $124000 O $444000 O $372000 Multiple Choice Question 121 Concord Corporation had the following information at December 31: Finished goods inventory, January 1 Finished...
Sunland Company developed the following data for the current year: Beginning work in process inventory $...
Sunland Company developed the following data for the current year: Beginning work in process inventory $ 156000 Direct materials used 208000 Actual overhead 176000 Overhead applied 184000 Cost of goods manufactured 910000 Total manufacturing costs 866000 How much is Sunland Company's direct labor cost for the year? $518000 $318000 $474000 $630000
Multiple Choice Question 112 Sheffield Corp. developed the following data for the current year: Beginning work...
Multiple Choice Question 112 Sheffield Corp. developed the following data for the current year: Beginning work in process inventory Direct materials used Actual overhead Overhead applied Cost of goods manufactured Total manufacturing costs $340000 234000 378000 306000 354000 1000000 Sheffield Corp.'s ending work in process inventory is O 。 。 $660000. $646000. $306000. $986000.
Bonita Industries developed the following data for the current year: Beginning work in process inventory $160000...
Bonita Industries developed the following data for the current
year:
Beginning work in process
inventory
$160000
Direct materials used
64000
Actual overhead
208000
Overhead applied
136000
Cost of goods manufactured
184000
Total manufacturing costs
480000
Bonita Industries's direct labor cost for the year is
$184000.
$280000.
$72000.
$136000.
Multiple Choice Question 106 During 2017, Waterway Industries expected Job No. 26 to cost $300000 of...
Multiple Choice Question 106 During 2017, Waterway Industries expected Job No. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. Waterway applied overhead based on direct labor cost. Actual production required an overhead cost of $290000, $470000 in materials used, and $190000 in labor. All of the goods were completed. What amount was transferred to Finished Goods? $950000 $960000 $945000 $1000000 Multiple Choice Question 111 Crane Company developed the following data for the current year: Beginning...
Sunland Company developed the following data for the current year: Beginning work in process inventory $250000...
Sunland Company developed the following data for the current year: Beginning work in process inventory $250000 Direct materials used 144000 288000 Actual overhead Overhead applied 216000 Cost of goods manufactured 264000 Total manufacturing costs 730000 Sunland Company's direct labor cost for the year is $288000. $216000 $72000 $370000
Payne Company developed the following data for the current year: Beginning work in process inventory $...
Payne Company developed the following data for the current year: Beginning work in process inventory $ 68,000 Direct materials used 104,000 Actual overhead 88,000 Overhead applied 92,000 Cost of goods manufactured 450,000 Total manufacturing costs 428,000 1. How much is Payne Company's direct labour cost for the year? 2. How much is Payne Company's ending work in process inventory for the year?
Greer Company developed the following data for the current year: Beginning work in process inventory $...
Greer Company developed the following data for the current year: Beginning work in process inventory $ 102,000 Direct materials used 156,000 Actual overhead 132,000 Overhead applied 138,000 Cost of goods manufactured 675,000 Total manufacturing costs 642,000 How much is Greer Company's ending work in process inventory for the year? Is the Manufacturing Overhead Overapplied or Underapplied and by how much? Record the journal entry for Over/Under applied OH for this problem. What account will the COGM of $675,000 be transferred...
Multiple Choice Question 125 Marigold Corp. applies overhead on the basis of machine hours. Given the...
Multiple Choice Question 125 Marigold Corp. applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under-or overapplication of overhead for the period: Estimated annual overhead cost $1600000 Actual annual overhead cost $1575000 Estimated machine hours 200000 Actual machine hours 190000 $1600000 applied and $55000 overapplied $1520000 applied and $55000 underapplied $1575000 applied and neither under nor overapplied $1520000 applied and $55000 overapplied Click if you would like to Show Work for this...
Crane Company developed the following data for the current year: $36000 Beginning work in process inventory Direct materials used Actual overhead Overhead applied Cost of goods manufactured Total manufacturing costs 208000 176000 184000 800000 756000 How much is Crane Company's direct labor cost for the year? $408000 $328000 $364000 $400000
Multiple Choice Question 119 Bonita Industries developed the following data for the current year: Beginning work in process inventory Direct materials used Actual overhead Overhead applied Cost of goods manufactured Total manufacturing costs $ 96000 208000 176000 184000 860000 816000 How much is Bonita Industries's ending work in process inventory for the year? O $52000 O $124000 O $444000 O $372000 Multiple Choice Question 121 Concord Corporation had the following information at December 31: Finished goods inventory, January 1 Finished...
Multiple Choice Question 112 Sheffield Corp. developed the following data for the current year: Beginning work in process inventory Direct materials used Actual overhead Overhead applied Cost of goods manufactured Total manufacturing costs $340000 234000 378000 306000 354000 1000000 Sheffield Corp.'s ending work in process inventory is O 。 。 $660000. $646000. $306000. $986000.
Bonita Industries developed the following data for the current
year:
Beginning work in process
inventory
$160000
Direct materials used
64000
Actual overhead
208000
Overhead applied
136000
Cost of goods manufactured
184000
Total manufacturing costs
480000
Bonita Industries's direct labor cost for the year is
$184000.
$280000.
$72000.
$136000.
Multiple Choice Question 106 During 2017, Waterway Industries expected Job No. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. Waterway applied overhead based on direct labor cost. Actual production required an overhead cost of $290000, $470000 in materials used, and $190000 in labor. All of the goods were completed. What amount was transferred to Finished Goods? $950000 $960000 $945000 $1000000 Multiple Choice Question 111 Crane Company developed the following data for the current year: Beginning...
Sunland Company developed the following data for the current year: Beginning work in process inventory $250000 Direct materials used 144000 288000 Actual overhead Overhead applied 216000 Cost of goods manufactured 264000 Total manufacturing costs 730000 Sunland Company's direct labor cost for the year is $288000. $216000 $72000 $370000
Multiple Choice Question 125 Marigold Corp. applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under-or overapplication of overhead for the period: Estimated annual overhead cost $1600000 Actual annual overhead cost $1575000 Estimated machine hours 200000 Actual machine hours 190000 $1600000 applied and $55000 overapplied $1520000 applied and $55000 underapplied $1575000 applied and neither under nor overapplied $1520000 applied and $55000 overapplied Click if you would like to Show Work for this...
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