I cannot find a formula to calculate this answer. I know how to get to the labor cost, but not the Overhead cost.
Homework Answers
Prime cost = Direct material+Direct labor
4509000 = 2011000+X
Direct labor = 2498000
Conversion Cost = Direct labor + Overhead
5510000 = 2498000+X
X(Overhead) = 5510000-2498000 = 3012000
So answer is b) $3012000
Add Answer to:
I cannot find a formula to calculate this answer. I know how to
get to the...
Seved Save & Exit Help A company's prime costs total $3,800,000 and its conversion costs total...
Seved Save & Exit Help A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If direct materials are $1,400000 and factory overhead is $5,400,000, then direct labor is: Mutiple Cholce 723 $2,400,000 $3.800,000 $4000,000 $15,600.000 S1000,000
I tried multiple times to solve it and I can't get the right answer. Montreal Manufacturing...
I tried multiple times to solve it and I can't get the right
answer.
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 103,300 90,500 29,700 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows:...
can someone please help with this managerial accounting practice problem i cannot get the right answer....
can
someone please help with this managerial accounting practice
problem i cannot get the right answer.
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour $ 101, ee0 $595,900 3.e0 Recently, Job P951 was completed with the following characteristics: Number of units...
I don't know how to get the calculations for the standard quanity Paynesville Corporation manufactures and...
I don't know how to get the calculations for the standard quanity Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company carries no inventories. The master budget calls for the company to manufacture and sell 124,000 liters at a budgeted price of $255 per liter this year. The standard direct cost sheet for one liter of the preservative follows. Direct materials (2 pounds @ $16) $ 32 Direct labor (0.5 hours @ $48) 24...
I continue to get $309,000 for period costs but that isn't correct. the only cost i...
I
continue to get $309,000 for period costs but that isn't correct.
the only cost i know that us right is the total prime cost.
The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: Direct material Advertising expense Depreciation on factory building Direct labor: wages Cost of finished goods inventory at year-end Indirect labor! wages Production supervisor's salary Service department costs Direct labor: fringe benefits Indirect labor: fringe benefits Fringe benefits for...
I dont know how to find the overhead cost. The following T-accounts record the operations of...
I dont know how to find the overhead cost.
The following T-accounts record the operations of Vaughn Co.: Assume all raw materials are direct materials. Raw Materials 27,000 Beginning Balance 234,000 ? Ending Balance 16,000 Work in Process 35,000 ? Beginning Balance Direct Material Direct Labor Overhead 165,000 ? ? Ending Balance 27,000 Question 1 of 1 < > Finished Goods 44,000 Beginning Balance COGM ? 645,000 Ending Balance 15,000 (a) Calculate the amount of direct materials purchased during the...
How did they get Indirect Cost Allocated? I need to see the calculations and/or formula. Thank...
How did they get Indirect Cost
Allocated? I need to see the calculations and/or formula. Thank
you!
(%) T15-1 (similar to) Question Help Cornell Metal Works produces two types of metal lamps. Cornell manufactures 24,000 basic lamps and 4,500 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates costs to the two lamps on the basis of direct manufacturing labor-hours. It provides the following budgeted cost information EE (Click the icon to view the information.) Calculate...
aq1 please also explain how you came to answer. Miller Company's total sales are $240,000. The...
aq1
please also explain how you came to answer.
Miller Company's total sales are $240,000. The company's direct labor cost is $28,800, which represents 30% of its total conversion cost and 40% of its total prime cost. Its total selling and administrative expense is $36,000 and its only variable selling and administrative expense is a sales commission of 5% of sales. The company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. Required 1....
Fresh out of college, Johnson is being interviewed at Maiden Company. Help Johnson solve the following...
Fresh out of college, Johnson is being interviewed at Maiden Company. Help Johnson solve the following puzzle. A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If factory overhead is $5,400,000, and direct materials are $1,400,000 then direct labor is: 29 Multiple Choice O $1000,000 $15,600,000 O $2,400,000 $4,000,000 $3,800,000
If someone can explain to me how to get the numbers above that would be great,...
If someone can explain to me how to get the numbers above that
would be great, I do not need help much on just the answers but
more of how to get the answers. Everything must be done in
Weighted- Average Method.
Thank you
NEED-TO-KNOW 16-5 COMPREHENSIVE 1 Woighted Average Mothod Pennsylvania Company produces a product that passes through two processes: grinding and mixing. Information related to its grinding department manufacturing activities for July follows. The company uses the weighted...
Seved Save & Exit Help A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If direct materials are $1,400000 and factory overhead is $5,400,000, then direct labor is: Mutiple Cholce 723 $2,400,000 $3.800,000 $4000,000 $15,600.000 S1000,000
I tried multiple times to solve it and I can't get the right
answer.
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 103,300 90,500 29,700 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows:...
can
someone please help with this managerial accounting practice
problem i cannot get the right answer.
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour $ 101, ee0 $595,900 3.e0 Recently, Job P951 was completed with the following characteristics: Number of units...
I
continue to get $309,000 for period costs but that isn't correct.
the only cost i know that us right is the total prime cost.
The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: Direct material Advertising expense Depreciation on factory building Direct labor: wages Cost of finished goods inventory at year-end Indirect labor! wages Production supervisor's salary Service department costs Direct labor: fringe benefits Indirect labor: fringe benefits Fringe benefits for...
I dont know how to find the overhead cost.
The following T-accounts record the operations of Vaughn Co.: Assume all raw materials are direct materials. Raw Materials 27,000 Beginning Balance 234,000 ? Ending Balance 16,000 Work in Process 35,000 ? Beginning Balance Direct Material Direct Labor Overhead 165,000 ? ? Ending Balance 27,000 Question 1 of 1 < > Finished Goods 44,000 Beginning Balance COGM ? 645,000 Ending Balance 15,000 (a) Calculate the amount of direct materials purchased during the...
How did they get Indirect Cost
Allocated? I need to see the calculations and/or formula. Thank
you!
(%) T15-1 (similar to) Question Help Cornell Metal Works produces two types of metal lamps. Cornell manufactures 24,000 basic lamps and 4,500 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates costs to the two lamps on the basis of direct manufacturing labor-hours. It provides the following budgeted cost information EE (Click the icon to view the information.) Calculate...
aq1
please also explain how you came to answer.
Miller Company's total sales are $240,000. The company's direct labor cost is $28,800, which represents 30% of its total conversion cost and 40% of its total prime cost. Its total selling and administrative expense is $36,000 and its only variable selling and administrative expense is a sales commission of 5% of sales. The company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. Required 1....
Fresh out of college, Johnson is being interviewed at Maiden Company. Help Johnson solve the following puzzle. A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If factory overhead is $5,400,000, and direct materials are $1,400,000 then direct labor is: 29 Multiple Choice O $1000,000 $15,600,000 O $2,400,000 $4,000,000 $3,800,000
If someone can explain to me how to get the numbers above that
would be great, I do not need help much on just the answers but
more of how to get the answers. Everything must be done in
Weighted- Average Method.
Thank you
NEED-TO-KNOW 16-5 COMPREHENSIVE 1 Woighted Average Mothod Pennsylvania Company produces a product that passes through two processes: grinding and mixing. Information related to its grinding department manufacturing activities for July follows. The company uses the weighted...
Most questions answered within 3 hours.
-
without using map
1. Write a C++ program to find out the top 10 words in...
asked 13 minutes ago -
1)Calculate the percent ionization of a
0.330 M solution of hypochlorous
acid.
% Ionization = %...
asked 15 minutes ago -
1a) How many grams of K2SO4 are in 250mL
of 0.11 M K2SO4 solution?
_____ g...
asked 6 minutes ago -
The vapor pressure of a solution containing 38.7 g glycerin
(C3H8O3) in 146.2 g ethanol (C2H5OH)...
asked 11 minutes ago -
A physics major is cooking breakfast when he notices that the
frictional force between the steel...
asked 17 minutes ago -
A cyclohexane (c-hex) solution is prepared by fully dissolving
9.11g of a newly synthesized organic compound...
asked 23 minutes ago -
SCHEME :-)
[5 marks] Write a procedure called convert that takes as
arguments: a temperature value...
asked 29 minutes ago -
Are
Acetyl CoA and Pyruvate biological molecules that are used to get
ATP energy in aerobic...
asked 30 minutes ago -
Two waves are traveling on a string, one with a wave function,
y1 = 0.05sin(4x -...
asked 37 minutes ago -
Develop an ideal customer profile for three Dell Customer
groups( a supplier, a global business, and...
asked 40 minutes ago -
Suppose, for any future year, the probability its October rain
is more than 3 inches is...
asked 44 minutes ago -
Solve the following systems of linear equations using
substitution 12p + 3q = 15 6q +...
asked 52 minutes ago