Homework Answers
Indirect Material Cost Per Hour = $42,300/4230 hours = $10 per hour
Estimated Cost for indirect material for high period = 9,300 hours * $10 per hour = $93,000
Indirect material cost per hour if fixed and total indirect cost is variable in relation to the machine hours used.
The estimated costs for indirect materials are $93,000
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E3-42A (similar to) A Question Help o Pur Source produces agricultural irrigation equipment. During a year,...
E3-42A (similar to) Question Help Pur Source produces agricultural irrigation equipment. During a year, the amount...
E3-42A (similar to) Question Help Pur Source produces agricultural irrigation equipment. During a year, the amount of overhead costs on a per month basis varies in relation to the machine hours used in a given year. The low for the past year was 4,230 hours, and the expense associated was $88,880. The high for the period was 9,300 hours, and the associated expense was $147,467. During the low month, the $88,880 overhead costs consisted of indirect materials of $42,300 (a...
Please provide answers for 4 requirements. E3-42A (similar to) A Question Help 0 Pur Source produces...
Please provide answers for 4 requirements.
E3-42A (similar to) A Question Help 0 Pur Source produces agricultural irrigation equipment. During a year, the amount of overhead costs on a per month basis varies in relation to the machine hours used in a given year. The low for the past year was 4,230 hours, and the expense associated was $88,880. The high for the period was 9,300 hours, and the associated expense was $147,467. During the low month, the $88,880 in...
Please provide answers for 4 requirements in the box. Pur Source produces agricultural irrigation equipment. During...
Please provide answers for 4 requirements in the box.
Pur Source produces agricultural irrigation equipment. During a year, the amount of overhead costs on a per month basis varies in relation to the machine hours used in a given year. The low for the past year was 4,230 hours, and the expense associated was $88,880. The high for the period was 9,300 hours, and the associated expense was $147,467. During the low month, the $88,880 in overhead costs consisted of...
Pur Source produces agricultural irrigation equipment. During a year, the amount of overhead costs on a...
Pur Source produces agricultural irrigation equipment. During a year, the amount of overhead costs on a per month basis varies in relation to the machine hours used in a given year. The low for the past year was 4,230 hours, and the expense associated was $88,880. The high for the period was 9,300 hours, and the associated expense was $147,467. During the low month, the $88,880 in overhead costs consisted of indirect materials of $42,300 (a variable expense), rent of...
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E3-42A (similar to) Question Help Pur Source produces agricultural irrigation equipment. During a year, the amount of overhead costs on a per month basis varies in relation to the machine hours used in a given year. The low for the past year was 4,230 hours, and the expense associated was $88,880. The high for the period was 9,300 hours, and the associated expense was $147,467. During the low month, the $88,880 overhead costs consisted of indirect materials of $42,300 (a...
Please provide answers for 4 requirements.
E3-42A (similar to) A Question Help 0 Pur Source produces agricultural irrigation equipment. During a year, the amount of overhead costs on a per month basis varies in relation to the machine hours used in a given year. The low for the past year was 4,230 hours, and the expense associated was $88,880. The high for the period was 9,300 hours, and the associated expense was $147,467. During the low month, the $88,880 in...
Please provide answers for 4 requirements in the box.
Pur Source produces agricultural irrigation equipment. During a year, the amount of overhead costs on a per month basis varies in relation to the machine hours used in a given year. The low for the past year was 4,230 hours, and the expense associated was $88,880. The high for the period was 9,300 hours, and the associated expense was $147,467. During the low month, the $88,880 in overhead costs consisted of...
Pur Source produces agricultural irrigation equipment. During a year, the amount of overhead costs on a per month basis varies in relation to the machine hours used in a given year. The low for the past year was 4,230 hours, and the expense associated was $88,880. The high for the period was 9,300 hours, and the associated expense was $147,467. During the low month, the $88,880 in overhead costs consisted of indirect materials of $42,300 (a variable expense), rent of...
E3-21A (similar to) Question Help Lakeview Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base 1 (Click the loon to view additional information.) Read the requirements. More Info The company manufactures a variety of engines for use in farm equipment. At the beginning of the current year, Lakeview estimated that its overhead for the coming year would be $324,800. It also anticipated using 29,000 direct labor hours for...
E3-19A (similar to) Question Help Love It Industries manufactures custom-designed playground equipment for schools and city parks. Love It expected to incur $627,000 of manufacturing overhead cost, 41,800 of direct labor hours, and $1,254,000 of direct labor cost during the year (the cost of direct labor is $30 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During March, Love It completed Job 308. The job used 200 direct labor hours and required $15,100 of...
Bumblebee Company estimates that 379,500 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year. Variable Overhead Costs Fixed Overhead Costs Supervision $94,440 Indirect labor $174,570 Depreciation 73,320 Indirect materials 75,900 25,560 Repairs Insurance 53,130 Rent 21,120 Utilities 94,875 Property taxes 20,880 Lubricants 37,950 $436,425 $235,320 It is estimated that direct labor hours worked each month will range from 24,900 to...
E3-19A (similar to) Question Help * PG Industries manufactures custom-designed playground equipment for schools and city parks. PG expected to incur $533,000 of manufacturing overhead cost 41,000 of direct labor hours, and $820,000 of direct labor cost during the year (the cost of direct labor is $20 per hour) The company allocates manufacturing overhead on the basis of direct labor hours. During December, PG completed Job 309 The job used 165 direct labor hours and required $15.400 of direct materials....
Last year, Phillips Company produced 300,000 units and sold 280,000 units. Beginning inventory was zero. During the period, the following costs were incurred: Indirect labor (variable) $900,000 Indirect materials (variable) 600,000 Other variable manufacturing overhead 1,500,000 Fixed manufacturing overhead 2,400,000 Fored administrative expenses 300,000 Fixed ng expenses 450,000 Variable selling expenses, per unit Direct labor, per unit Direct materials, per unit Required: A. Compute the dollar amount of ending inventory using the Absorption costing B. Compute the dollar amount of...
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