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n Assignment Start Time: 06:58 PM / Remaining: 59 min URCES Multiple Choice Question 85 Bonita...
04:21 PM / Remaining: 81 min. al (ACC 2101 2102) CALCULATOR BACK NEXT Multiple Choice Question...
04:21 PM / Remaining: 81 min. al (ACC 2101 2102) CALCULATOR BACK NEXT Multiple Choice Question 87 Sheridan Company manufactures customized desks. The following pertains to Job No. 953: Direct materials used Direct labor hours worked Direct labor rate per hour Machine hours used Applied factory overhead rate per machine hour $18800 300 $16.00 200 $30.00 What is the total manufacturing cost for Job No. 9532 $29600 $32600 o $31000 0.2 KB $28000 Feb 6, 2020 4:01 PM "Selene Vega"...
Sheridan Company manufactures customized desks. The following pertains to Job No. 953: Direct materials used $31800...
Sheridan Company manufactures customized desks. The following
pertains to Job No. 953:
Direct materials used
$31800
Direct labor hours worked
600
Direct labor rate per hour
$16.00
Machine hours used
500
Applied factory overhead rate per
machine hour
$30.00
What is the total manufacturing cost for Job No. 953?
$63900
$57800
$54800
$56400
Marigold Corp. thinks machine hours is the best activity base for its manufacturing overhead. The estimate...
Marigold Corp. thinks machine hours is the best activity base
for its manufacturing overhead. The estimate of annual overhead
costs for its jobs was $1550000. The company used 1000 hours of
processing on Job No. B12 during the period and incurred overhead
costs totaling $1600000. The budgeted machine hours for the year
totaled 20000. How much overhead should be applied to Job No.
B12?
Sheridan Company manufactures customized desks. The following
pertains to Job No. 953:
Direct materials used
$31800...
Multiple Choice Question 55 Bonita company asigns overhead based on machine hours. The Miling Department logs...
Multiple Choice Question 55 Bonita company asigns overhead based on machine hours. The Miling Department logs 2480 machine hours and Cutting Department shows 4070 machine hours for the period. I the overhead rate is 15 per machine hour, the entry to assig overhead will show a debit to Manufacturing Overhead for $32750 credit to Manufacturing Overhead for $32750 credit to Work in Process-cutting Department for $20350 debit to Work in Process for $20350 Click if you would like to Show...
Multiple Choice Question 118 The standard number of hours that should have been worked for the...
Multiple Choice Question 118 The standard number of hours that should have been worked for the output attained is 11400 direct labor hours and the actual number of direct labor hours worked was 12100. If the direct labor price variance was $12100 unfavorable, and the standard rate of pay was $16 per direct labor hour, what was the actual rate of Day for direct labor 317 per direct labor hour $16 per direct labor hour $15 per direct labor hour...
9 Chapter 2 Assignment 6 Help Problem 2-19 Multiple Predetermined Overhead Rates; Applying Overhead [LO2-1, L02-2,...
9 Chapter 2 Assignment 6 Help Problem 2-19 Multiple Predetermined Overhead Rates; Applying Overhead [LO2-1, L02-2, LO2 4] High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costin system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermired overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor-hours. At the...
1-- )Elm Company's accounting records reflect the following inventories: &
1-- )Elm Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials inventory $420,000 $350,000 Work in process inventory 400,000 275,000 Finished goods inventory 200,000 125,000 During 2020, $650,000 of raw materials were purchased, direct labor costs amounted to $560,000, and manufacturing overhead incurred was $630,000. The total raw materials available for use to assign to production during 2020 for Elm Company is $1,000,000 $875,000 $1,170,000 $1,100,000 2--) Almond Group reported the following year-end information: Beginning...
QUESTION 1 ABC Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The...
QUESTION 1 ABC Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two department: Assembly, and Sanding. The Assembly department uses a departmental overhead rate of $35 per machine hour. The Sanding department uses a departmental overhead rate of $20 per direct labor hour. Job 603 used the following Direct Labor Hours, and Machine Hours in the two departments: Actual Results Assembly Department Sanding Department Direct Labor Hours Used 8 5 Machine Hours Used...
The following events occurred over the course of a year at Bonita Corp, which uses a...
The following events occurred over the course of a year at Bonita Corp, which uses a job order costing system: 1. Direct materials purchases totaled $497,000. Bonita Corp tracks its direct materials separately from its indirect materials. Purchases were made on account. 2. $240,000 of indirect materials were used in production. Bonita uses a separate Supplies Inventory account for indirect materials. 3. $417,000 of direct materials were used in production 4. The direct labor payroll was $950,011 (credit Wages Payable)....
Bonita instructions Bonita Wings, Inc. manufactures airplanes for use in stunt shows. Bonita’s factory is highly...
Bonita instructions Bonita Wings, Inc. manufactures airplanes for use in stunt shows. Bonita’s factory is highly automated, using the latest in robotic technology. To keep costs low, the company employs as few factory workers as possible. Since each plane has different features (such as its shape, weight, and color), Bonita uses a job order costing system to accumulate product costs. At the end of 2016, Bonita’s accountants developed the following expectations for 2017 based on the marketing department’s sales forecast:...
04:21 PM / Remaining: 81 min. al (ACC 2101 2102) CALCULATOR BACK NEXT Multiple Choice Question 87 Sheridan Company manufactures customized desks. The following pertains to Job No. 953: Direct materials used Direct labor hours worked Direct labor rate per hour Machine hours used Applied factory overhead rate per machine hour $18800 300 $16.00 200 $30.00 What is the total manufacturing cost for Job No. 9532 $29600 $32600 o $31000 0.2 KB $28000 Feb 6, 2020 4:01 PM "Selene Vega"...
Sheridan Company manufactures customized desks. The following
pertains to Job No. 953:
Direct materials used
$31800
Direct labor hours worked
600
Direct labor rate per hour
$16.00
Machine hours used
500
Applied factory overhead rate per
machine hour
$30.00
What is the total manufacturing cost for Job No. 953?
$63900
$57800
$54800
$56400
Marigold Corp. thinks machine hours is the best activity base
for its manufacturing overhead. The estimate of annual overhead
costs for its jobs was $1550000. The company used 1000 hours of
processing on Job No. B12 during the period and incurred overhead
costs totaling $1600000. The budgeted machine hours for the year
totaled 20000. How much overhead should be applied to Job No.
B12?
Sheridan Company manufactures customized desks. The following
pertains to Job No. 953:
Direct materials used
$31800...
Multiple Choice Question 55 Bonita company asigns overhead based on machine hours. The Miling Department logs 2480 machine hours and Cutting Department shows 4070 machine hours for the period. I the overhead rate is 15 per machine hour, the entry to assig overhead will show a debit to Manufacturing Overhead for $32750 credit to Manufacturing Overhead for $32750 credit to Work in Process-cutting Department for $20350 debit to Work in Process for $20350 Click if you would like to Show...
Multiple Choice Question 118 The standard number of hours that should have been worked for the output attained is 11400 direct labor hours and the actual number of direct labor hours worked was 12100. If the direct labor price variance was $12100 unfavorable, and the standard rate of pay was $16 per direct labor hour, what was the actual rate of Day for direct labor 317 per direct labor hour $16 per direct labor hour $15 per direct labor hour...
9 Chapter 2 Assignment 6 Help Problem 2-19 Multiple Predetermined Overhead Rates; Applying Overhead [LO2-1, L02-2, LO2 4] High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costin system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermired overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor-hours. At the...
The following events occurred over the course of a year at Bonita Corp, which uses a job order costing system: 1. Direct materials purchases totaled $497,000. Bonita Corp tracks its direct materials separately from its indirect materials. Purchases were made on account. 2. $240,000 of indirect materials were used in production. Bonita uses a separate Supplies Inventory account for indirect materials. 3. $417,000 of direct materials were used in production 4. The direct labor payroll was $950,011 (credit Wages Payable)....
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