Parker Company had the following information for the year: Direct materials used &
Parker Company had the following information for the year:
Direct materials used $ 196,468
Direct labor incurred (7,120 hours) $ 226,955
Actual manufacturing overhead incurred $ 190,111
Parker Company used a predetermined overhead rate using estimated
overhead of $166,231 and 6,720 estimated direct labor hours. What
are the total manufacturing costs ? (In other words,
what is the total debit to Work in Process?)
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Parker Company had the following information for the year:
Direct materials
used &
Jenkins Company had the following information for the year: Direct materials used $ 299,900 Direct labor...
Jenkins Company had the following information for the year: Direct materials used $ 299,900 Direct labor incurred (9000 hours) $ 246,500 Actual manufacturing overhead incurred $ 435,000 Jenkins Company used a predetermined overhead rate using estimated overhead of $411,600 and 8400 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods Inventory balance of $19,100. What was adjusted cost of goods sold? $987,400 $962,300 $981,400 $968,300
Ragtime Company had the following information for the year: Direct materials used Direct labor incurred (5,750...
Ragtime Company had the following information for the year: Direct materials used Direct labor incurred (5,750 hours) Actual manufacturing overhead incurred $119,300 $159,700 $225,550 Ragtime Company used a predetermined overhead rate of $41 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17,500. What was adjusted cost of goods sold? Multiple Choice O $504,550 $514,050 O O O $497,250 O $487,050
Acme Company had the following information for the year: Direct materials used Direct labor incurred (5.000...
Acme Company had the following information for the year: Direct materials used Direct labor incurred (5.000 hours) Actual manufacturing overhead incurred $110.000 $150,000 $166,000 Acme Company uses a predetermined overhead rate of $35 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17.000 (Tor F) The cost of goods manufactured is S418,000. True False
Jenkins Company had the following information for the year Direct materials used Direct labor incurred (9,700...
Jenkins Company had the following information for the year Direct materials used Direct labor incurred (9,700 hours) Actual manufacturing overhead incurred $296,500 $253,200 $350, 100 Jenkins Company used a predetermined overhead rate using estimated overhead of $352,000 and 8,000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods Inventory balance of $19.700. What was cost of goods manufactured? Multiple Choice $899,000 $901700 Oo oo 976500 O $882,000
Jackson Company had the following information for the year: Direct materials used 297,700 9.200 hours) Actual...
Jackson Company had the following information for the year: Direct materials used 297,700 9.200 hours) Actual manufacturing averhead incurred $352,600 Jackson Company used a predetermined overhead rate using estimated overhead of $378,400 and 8,600 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $19,500. How much overhead was applied during the year? O $378,400 O $404,800 O $352,600 O $251,300 O O O O
114. Gullett Corporation had $26,000 of raw materials on hand on November 1. During the month,...
114. Gullett Corporation had $26,000 of raw materials on hand on November 1. During the month, the company purchased an additional $75,000 of raw materials. The journal entry to record the purchase of raw materials would include a A. debit to Raw Materials of $101.000 B. credit to Raw Materials of $75,000 C. debit to Raw Materials of $75,000 D. credit to Raw Materials of $101.000 115. In October, Raddatz Inc. incurred $73,000 of direct labor costs and S6,000 of...
Sawyer Company had the following information for the year Direct materials used 5190.000 Direct labor incurred...
Sawyer Company had the following information for the year Direct materials used 5190.000 Direct labor incurred (7,000 hours $245,000 Anual manufacturing overhead curred 5271.000 Sawyer Compary seda predetermined overheadingsmated overhead of $10,000 and 8.000 estimare decor hours Assume theory invertory balance is an ending in the Gods inventary balance of 50.000. What cost of goods manufactured 571.000 $70,000 $755.000 $700.000
20. Amelia Company had the following information for the year: Direct materials used S295,000 Direct labor...
20. Amelia Company had the following information for the year: Direct materials used S295,000 Direct labor incurred (9,000 hours) $245.000 Actual manufacturing overhead incurred $343,000 Amelia Company used a predetermined overhead rate using estimated overhead of S320,000 and 8,000 estimated direct labor hours. How much overhead was applied during the year? A. $245.000 B. $343.000 C. $360,000 D. $320,000 21. Pima, Inc. manufactures calculators that sell for $40 each. Each calculator uses S15 in direct materials and $5 in direct...
The following information applies to the questions displayed below. Sweeten Company had no jobs in progress...
The following information applies to the questions displayed below. Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company...
Required information [The following information applies to the questions displayed below.] Sweeten Company had no jobs...
Required information [The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of March and Job Q was incomplete at the end of March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company...
Ragtime Company had the following information for the year: Direct materials used Direct labor incurred (5,750 hours) Actual manufacturing overhead incurred $119,300 $159,700 $225,550 Ragtime Company used a predetermined overhead rate of $41 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17,500. What was adjusted cost of goods sold? Multiple Choice O $504,550 $514,050 O O O $497,250 O $487,050
Acme Company had the following information for the year: Direct materials used Direct labor incurred (5.000 hours) Actual manufacturing overhead incurred $110.000 $150,000 $166,000 Acme Company uses a predetermined overhead rate of $35 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17.000 (Tor F) The cost of goods manufactured is S418,000. True False
Jenkins Company had the following information for the year Direct materials used Direct labor incurred (9,700 hours) Actual manufacturing overhead incurred $296,500 $253,200 $350, 100 Jenkins Company used a predetermined overhead rate using estimated overhead of $352,000 and 8,000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods Inventory balance of $19.700. What was cost of goods manufactured? Multiple Choice $899,000 $901700 Oo oo 976500 O $882,000
Jackson Company had the following information for the year: Direct materials used 297,700 9.200 hours) Actual manufacturing averhead incurred $352,600 Jackson Company used a predetermined overhead rate using estimated overhead of $378,400 and 8,600 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $19,500. How much overhead was applied during the year? O $378,400 O $404,800 O $352,600 O $251,300 O O O O
114. Gullett Corporation had $26,000 of raw materials on hand on November 1. During the month, the company purchased an additional $75,000 of raw materials. The journal entry to record the purchase of raw materials would include a A. debit to Raw Materials of $101.000 B. credit to Raw Materials of $75,000 C. debit to Raw Materials of $75,000 D. credit to Raw Materials of $101.000 115. In October, Raddatz Inc. incurred $73,000 of direct labor costs and S6,000 of...
Sawyer Company had the following information for the year Direct materials used 5190.000 Direct labor incurred (7,000 hours $245,000 Anual manufacturing overhead curred 5271.000 Sawyer Compary seda predetermined overheadingsmated overhead of $10,000 and 8.000 estimare decor hours Assume theory invertory balance is an ending in the Gods inventary balance of 50.000. What cost of goods manufactured 571.000 $70,000 $755.000 $700.000
20. Amelia Company had the following information for the year: Direct materials used S295,000 Direct labor incurred (9,000 hours) $245.000 Actual manufacturing overhead incurred $343,000 Amelia Company used a predetermined overhead rate using estimated overhead of S320,000 and 8,000 estimated direct labor hours. How much overhead was applied during the year? A. $245.000 B. $343.000 C. $360,000 D. $320,000 21. Pima, Inc. manufactures calculators that sell for $40 each. Each calculator uses S15 in direct materials and $5 in direct...
The following information applies to the questions displayed below. Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company...
Required information [The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of March and Job Q was incomplete at the end of March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company...
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