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Predetermined manufacturing overhead rate per direct labor hour = Estimated manufacturing overhead / Estimated direct labor hours = $55,000 / 2,200 = $25
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Midwest Corporation has provided the following data concerning manufacturing overhead for 2020: Estimated manufacturing overhead for...
Morataya Corporation has two manufacturing departments --Machining and Assembly. The company used the following data at...
Morataya Corporation has two manufacturing departments --Machining and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Machining Assembly 7,000 3,000 Total 10,000 Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH $39,200 $6,600 $45,800 $ 1.90 $ 2.10 During the most recent month, the company started and completed two jobs-Job B and Job G. There were no beginning inventories. Data concerning those...
15) Durphey Corporation has provided the following data concerning last month's operations. Purchases of raw materials...
15) Durphey Corporation has provided the following data concerning last month's operations. Purchases of raw materials $5,000 Indirect materials included in manufacturing overhead 4,000 Direct labor cost $58.000 Manufacturing overhead applied to Work in Process 399,000 Beginning Ending Raw materials inventory 11.000 17,000 How much is the total manufacturing cost for the month on the Schedule of Cost of Goods Manufactured? A) $176,000 B) $172,000 C) $152,000 D) $224,000 16) Crich Corporation uses direct labor-hours in its predetermined overhead rate....
Amy Corporation, which applies manufacturing overhead on the basis of direct labor hours, has provided the...
Amy Corporation, which applies manufacturing overhead on the basis of direct labor hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead Estimated direct labor hours Actual manufacturing overhead Actual direct labor hours $80,080 1,100 $76,800 1,060 The estimates of the manufacturing overhead and of direct labor hours were made at the beginning of the year. The applied manufacturing overhead for the year is closest to Multiple Choke $75,089 0 $77,168 576.800 $76.450 Magnolia...
Heroux Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the...
Heroux Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Forming Customizing Total Estimated total machine-hours (MHs) 3,000 7,000 10,000 Estimated total fixed manufacturing overhead cost $ 16,500 $ 20,300 $ 36,800 Estimated variable manufacturing overhead cost per MH $ 1.70 $ 2.50 During the most recent month, the company started and completed two jobs--Job A and Job H. There were no beginning inventories. Data...
Opunui Corporation has two manufacturing departments --Molding and Finishing. The company used the following data at...
Opunui Corporation has two manufacturing departments --Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding 4,000 $ 25,000 $ 1.00 Finishing 1,000 $ 3,700 $ 2.00 Total 5,000 $ 28,700 During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories....
Assume (1) estimated fixed manufacturing overhead for the coming period of $201,000, (2) estimated variable manufacturing...
Assume (1) estimated fixed manufacturing overhead for the coming period of $201,000, (2) estimated variable manufacturing overhead of $2.00 per direct labor hour, (3) actual manufacturing overhead for the period of $320,000, (4) actual direct labor-hours worked of 54,000 hours, and (5) estimated direct labor-hours to be worked in the coming period of 55,000 hours. The predetermined plantwide overhead rate for the period is closest to: Multiple Choice O $5.72. $5.93 O O $5.65. O $5.82
Opunul Corporation has two manufacturing departments-Molding and Finishing. The company used the following data at the...
Opunul Corporation has two manufacturing departments-Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding 6,500 $14,000 Finishing 3,500 $4,200 Total 10,000 $18,200 Estimated total machine-hours (MES) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per X $ 1.00 $ 2.00 During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning Inventories. Data concerning those two...
Marioni Corporation has two manufacturing departments--Forming and Assembly. The company used the following data at the...
Marioni Corporation has two manufacturing departments--Forming and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Forming Assembly Total Estimated total machine-hours (MHs) 7,000 3,000 $9,000 $ 2.60 10,000 $46,100 Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH $37,100 1.70 During the most recent month, the company started and completed two jobs--Job B and Job H. There were no beginning inventories. Data concerning those two jobs...
7. Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing...
7. Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 59,000 actual direct labor-hours and incurred $1,064,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 56,000 direct labor-hours during the year and incur $1,008,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was:
Parker Corporation uses a job-order costing system and applies manufacturing overhead to jobs using a predetermined...
Parker Corporation uses a job-order costing system and applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor-hours. Last year manufacturing overhead and direct labor-hours were estimated at $80,910 and 27,900 hours, respectively, for the year. In June, Job #461 was completed. Materials costs on the job totaled $4,400 and labor costs totaled $1,836 at $5.40 per hour. At the end of the year, it was determined that the company worked 34,400 direct labor-hours for the...
Morataya Corporation has two manufacturing departments --Machining and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Machining Assembly 7,000 3,000 Total 10,000 Estimated total machine-hours (MHS) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH $39,200 $6,600 $45,800 $ 1.90 $ 2.10 During the most recent month, the company started and completed two jobs-Job B and Job G. There were no beginning inventories. Data concerning those...
15) Durphey Corporation has provided the following data concerning last month's operations. Purchases of raw materials $5,000 Indirect materials included in manufacturing overhead 4,000 Direct labor cost $58.000 Manufacturing overhead applied to Work in Process 399,000 Beginning Ending Raw materials inventory 11.000 17,000 How much is the total manufacturing cost for the month on the Schedule of Cost of Goods Manufactured? A) $176,000 B) $172,000 C) $152,000 D) $224,000 16) Crich Corporation uses direct labor-hours in its predetermined overhead rate....
Amy Corporation, which applies manufacturing overhead on the basis of direct labor hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead Estimated direct labor hours Actual manufacturing overhead Actual direct labor hours $80,080 1,100 $76,800 1,060 The estimates of the manufacturing overhead and of direct labor hours were made at the beginning of the year. The applied manufacturing overhead for the year is closest to Multiple Choke $75,089 0 $77,168 576.800 $76.450 Magnolia...
Opunui Corporation has two manufacturing departments --Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH Molding 4,000 $ 25,000 $ 1.00 Finishing 1,000 $ 3,700 $ 2.00 Total 5,000 $ 28,700 During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories....
Assume (1) estimated fixed manufacturing overhead for the coming period of $201,000, (2) estimated variable manufacturing overhead of $2.00 per direct labor hour, (3) actual manufacturing overhead for the period of $320,000, (4) actual direct labor-hours worked of 54,000 hours, and (5) estimated direct labor-hours to be worked in the coming period of 55,000 hours. The predetermined plantwide overhead rate for the period is closest to: Multiple Choice O $5.72. $5.93 O O $5.65. O $5.82
Opunul Corporation has two manufacturing departments-Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding 6,500 $14,000 Finishing 3,500 $4,200 Total 10,000 $18,200 Estimated total machine-hours (MES) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per X $ 1.00 $ 2.00 During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning Inventories. Data concerning those two...
Marioni Corporation has two manufacturing departments--Forming and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Forming Assembly Total Estimated total machine-hours (MHs) 7,000 3,000 $9,000 $ 2.60 10,000 $46,100 Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH $37,100 1.70 During the most recent month, the company started and completed two jobs--Job B and Job H. There were no beginning inventories. Data concerning those two jobs...
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