16. A widely used activity base for developing factory overhead rates in highly automated settings is...
16. A widely used activity base for developing factory overhead rates in highly automated settings is
a. direct labor hours
b. direct labor dollars
c. direct materials
d. machine hours
Homework Answers
Answer-Machine hour
explanation- the choices presented above are possible activity bases which a company can use. However, if there is highly-automated settings situation, the company can use the machine hour among all the alternatives since highly automated settings use machines in the production of final products.
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16. A widely used activity base for developing factory overhead
rates in highly automated settings is...
All of the following can be used as an allocation base for calculating factory overhead rates...
All of the following can be used as an allocation base for calculating factory overhead rates except: a. direct labor hours Ob. machine hours c. total units produced d. direct labor dollars
please help with these please i am so confused. please do all them. thank you. 21....
please help with these please i am so confused. please do all
them. thank you.
21. The recording of the jobs shipped and customers billed would include a debitor a Accounts Payable b. Cash e. Finished Goods d. Cost of Goods Sold 22 Pogba Poobah Manufacturers Ine has estimated total factory overhead costs of $95.000 and 10,000 direct labor hours for the current fiscal year. Ir job number 117 incurred 2,300 direct labor hours, the work in process account will...
41. When a manufacturing company has a highly automated manufacturing plant producing many different products, what...
41. When a manufacturing company has a highly automated manufacturing plant producing many different products, what is probably the most appropriate basis of applying overhead costs to work-in-process? A. Direct labor hours. B. Direct labor costs C. Machine hours. D. Direct material cost. 42. In a labor intensive company in which more overhead is used by the more highly skilled and paid employees, which activity base would be most appropriate for applying overhead to production? A. Direct labor hours. B....
2. Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is...
2. Multiple Production Department Factory Overhead Rates The total factory overhead for Bardot Marine Company is budgeted for the year at $1,238,250, divided into two departments: Fabrication, $1,053,000, and Assembly, $185,250. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require two direct labor hours in Fabrication and two direct labor hours in Assembly. The bass boats require four direct labor hours in Fabrication and one direct labor hour in Assembly. Each product is budgeted for...
Factory Overhead Rates and Account Balance Prostheses Industries operates two factories. The manufacturing operations of Factory...
Factory Overhead Rates and Account Balance Prostheses Industries operates two factories. The manufacturing operations of Factory 1 are machine intensive, while the manufacturing operations of Factory 2 are labor intensive. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal...
Factory Overhead Rates and Account Balance Prostheses Industries operates two factories. The manufacturing operations of Factory...
Factory Overhead Rates and Account Balance Prostheses Industries operates two factories. The manufacturing operations of Factory 1 are machine intensive, while the manufacturing operations of Factory 2 are labor intensive. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal...
Calculating Activity-Based Costing Overhead Rates Assume that manufacturing overhead for Glassman Company consisted of the following...
Calculating Activity-Based Costing Overhead Rates Assume that manufacturing overhead for Glassman Company consisted of the following activities and costs: Setup (1,000 setup hours) $288,000 Production scheduling (400 batches) 60,000 Production engineering (60 change orders) 180,000 Supervision (2,000 direct labor hours) 56,000 Machine maintenance (12,000 machine hours) 168,000 Total activity costs $752,000 The following additional data were provided for Job 845: Direct materials costs $7,000 Direct labor cost (5 Milling direct labor hours; 35 Finishing direct labor hours) $1,000 Setup hours...
Instructions 1. Determine the multiple production department factory overhead rates, using direct labor hours for the...
Instructions 1. Determine the multiple production department factory overhead rates, using direct labor hours for the Stamping Department and machine hours for the Plating Department. 2. Determine the product factory overhead costs, using the multiple production department rates in (1) PR 4-3A Activity-based and department rate product costing and Obj. 3,4 product cost distortions ards, Black and Blue Sports Inc. manufactures two products: snowboards and skis. The factory over- d $65 head incurred is as follows: Indirect labor Cutting Department...
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...
Factory Overhead Rates, Entries, and Account Balance Sundance Solar Company operates two factorie...
Factory Overhead Rates, Entries, and Account Balance Sundance Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning March 1 $1,018,350 $889,600 Estimated direct labor hours for year 13,900 Estimated machine hours for...
All of the following can be used as an allocation base for calculating factory overhead rates except: a. direct labor hours Ob. machine hours c. total units produced d. direct labor dollars
please help with these please i am so confused. please do all
them. thank you.
21. The recording of the jobs shipped and customers billed would include a debitor a Accounts Payable b. Cash e. Finished Goods d. Cost of Goods Sold 22 Pogba Poobah Manufacturers Ine has estimated total factory overhead costs of $95.000 and 10,000 direct labor hours for the current fiscal year. Ir job number 117 incurred 2,300 direct labor hours, the work in process account will...
41. When a manufacturing company has a highly automated manufacturing plant producing many different products, what is probably the most appropriate basis of applying overhead costs to work-in-process? A. Direct labor hours. B. Direct labor costs C. Machine hours. D. Direct material cost. 42. In a labor intensive company in which more overhead is used by the more highly skilled and paid employees, which activity base would be most appropriate for applying overhead to production? A. Direct labor hours. B....
Calculating Activity-Based Costing Overhead Rates Assume that manufacturing overhead for Glassman Company consisted of the following activities and costs: Setup (1,000 setup hours) $288,000 Production scheduling (400 batches) 60,000 Production engineering (60 change orders) 180,000 Supervision (2,000 direct labor hours) 56,000 Machine maintenance (12,000 machine hours) 168,000 Total activity costs $752,000 The following additional data were provided for Job 845: Direct materials costs $7,000 Direct labor cost (5 Milling direct labor hours; 35 Finishing direct labor hours) $1,000 Setup hours...
Instructions 1. Determine the multiple production department factory overhead rates, using direct labor hours for the Stamping Department and machine hours for the Plating Department. 2. Determine the product factory overhead costs, using the multiple production department rates in (1) PR 4-3A Activity-based and department rate product costing and Obj. 3,4 product cost distortions ards, Black and Blue Sports Inc. manufactures two products: snowboards and skis. The factory over- d $65 head incurred is as follows: Indirect labor Cutting Department...
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...
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