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Darwin Company reports the following information: Sales $76,500 Direct materials used Depreciation on factory equipment Indirect...
Sales $76,500 Direct materials used Depreciation on factory equipment 7,300 4,700 Indirect labor 5,900 10,500 4,200...
Sales $76,500 Direct materials used Depreciation on factory equipment 7,300 4,700 Indirect labor 5,900 10,500 4,200 1,200 Direct labor Factory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials Product costs are 15,600 8,900 1,200 Oa. $29,200 Ob. $24,500 Oc. $35,000 Od. $30,300
The Darwin Company reports the following information: $76,500 Sales Direct materials used Depreciation on factory equipment...
The Darwin Company reports the following information: $76,500 Sales Direct materials used Depreciation on factory equipment Indirect labor Direct labor actory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials 4,700 5,900 10,500 4,20 1,20 15,600 8,900 1,20 Period costs are a. $29,200 b. $24,500 c. $30,300 d. $35,000
The Darwin Company reports the following information: Sales Direct materials used Depreciation on factory equipment Indirect...
The Darwin Company reports the following information: Sales Direct materials used Depreciation on factory equipment Indirect labor Direct labor $76,500 7,30 4,700 5,900 actory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials 4,2 1,20 15,600 Period costs are a. $29,200 b. $24,500 c. $30,300 d. $35,000
34. Which of the following is part of factory overhead cost? a. sales commissions b. depreciation of f...
34. Which of the following is part of factory overhead cost? a. sales commissions b. depreciation of factory equipment and machines c. depreciation of sales person's vehicle d. direct materials used ANSWER: b 35. Which of the following manufacturing costs is an indirect cost of producing a product? a. oil lubricants used for factory machinery b. commissions for sales personnel c. hourly wages of an assembly worker d. memory chips for a microcomputer manufacturer 36. All of the following could...
X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory...
X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory supervision Marketing research Factory rent Sales salaries Factory insurance $58,500 19,200 21,900 29,200 43,200 45,700 47,000 63,400 X Company estimates that direct labor hours for the year will be 1,200, and machines will be operated for 65,000 hours. If overhead is allocated on the basis of direct labor cost, what will the 2020 overhead rate be?
Calculator When Job 117 was completed, direct materials totaled $13,328; direct labor, $20,222; and factory overhead,...
Calculator When Job 117 was completed, direct materials totaled $13,328; direct labor, $20,222; and factory overhead, $12,410. A total of 1,915 units were produced at a per-unit cost of Oa. $1,915 Ob $45.960 Oc. $33,550 Od $24 Direct labor and direct materials are Oa. period costs and expensed when incurred Ob. product costs and expensed when incurred Oc: period costs and expensed when the goods are sold Od product costs and expensed when the goods are sold
When Job 117 was completed, direct materials totaled $42,754; direct labor, $54,414; and factory overhead, $32,390....
When Job 117 was completed, direct materials totaled $42,754; direct labor, $54,414; and factory overhead, $32,390. A total of 3,926 units were produced at a per-unit cost of On: 533 Ob 53,926 Oc. $129,558 Od 597,166 Smith Company reports the following information: $68,250 Cost of goods manufactured Direct materials used Direct labor incurred Work in process inventory, January 1 27,000 25,000 11,000 Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31 is...
Advertising Costs $9,700 Indirect Labor 38,000 CEO's Salary 550,000 Direct Labor 45,000 Indirect Materials Used 7,500...
Advertising Costs $9,700 Indirect Labor 38,000 CEO's Salary 550,000 Direct Labor 45,000 Indirect Materials Used 7,500 Direct Materials Used 62,000 Factory Utilities 760 Factory Janitorial Costs 3,400 Manufacturing Equipment Depreciation 3,300 Delivery Vehicle Depreciation 3,500 Administrative Wages and Salaries 21,000 Calculate Moreau Manufacturing's total product costs. O A. $152,500 B. $584,200 OC. $159,960 OD. $107,000
Labels Actual factory overhead Depreciation of equipment Direct labor used Direct materials used Factory overhead applied...
Labels
Actual factory overhead
Depreciation of equipment
Direct labor used
Direct materials used
Factory overhead applied
Factory rent
Factory utilities
Indirect labor
Indirect materials
Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $27,000; factory rent, $39,000; factory utilities, $24,000; and factory...
Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory Selling and...
Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory Selling and administrative salaries Utilities, factory Sales commissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Rent, factory building $ 187,000 42,700 36,300 62,600 3,950 48,200 29,800 19,400 4,950 23, 800 117,000 ? The company also provided details regarding the balances in the inventory accounts at the beginning and end of the month as follows: Raw materials Work in process Finished goods Beginning of Month $...
Sales $76,500 Direct materials used Depreciation on factory equipment 7,300 4,700 Indirect labor 5,900 10,500 4,200 1,200 Direct labor Factory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials Product costs are 15,600 8,900 1,200 Oa. $29,200 Ob. $24,500 Oc. $35,000 Od. $30,300
The Darwin Company reports the following information: $76,500 Sales Direct materials used Depreciation on factory equipment Indirect labor Direct labor actory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials 4,700 5,900 10,500 4,20 1,20 15,600 8,900 1,20 Period costs are a. $29,200 b. $24,500 c. $30,300 d. $35,000
The Darwin Company reports the following information: Sales Direct materials used Depreciation on factory equipment Indirect labor Direct labor $76,500 7,30 4,700 5,900 actory rent Factory utilities Sales salaries expense Office salaries expense Indirect materials 4,2 1,20 15,600 Period costs are a. $29,200 b. $24,500 c. $30,300 d. $35,000
X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory supervision Marketing research Factory rent Sales salaries Factory insurance $58,500 19,200 21,900 29,200 43,200 45,700 47,000 63,400 X Company estimates that direct labor hours for the year will be 1,200, and machines will be operated for 65,000 hours. If overhead is allocated on the basis of direct labor cost, what will the 2020 overhead rate be?
Calculator When Job 117 was completed, direct materials totaled $13,328; direct labor, $20,222; and factory overhead, $12,410. A total of 1,915 units were produced at a per-unit cost of Oa. $1,915 Ob $45.960 Oc. $33,550 Od $24 Direct labor and direct materials are Oa. period costs and expensed when incurred Ob. product costs and expensed when incurred Oc: period costs and expensed when the goods are sold Od product costs and expensed when the goods are sold
When Job 117 was completed, direct materials totaled $42,754; direct labor, $54,414; and factory overhead, $32,390. A total of 3,926 units were produced at a per-unit cost of On: 533 Ob 53,926 Oc. $129,558 Od 597,166 Smith Company reports the following information: $68,250 Cost of goods manufactured Direct materials used Direct labor incurred Work in process inventory, January 1 27,000 25,000 11,000 Factory overhead is 75% of the cost of direct labor. Work in process inventory on December 31 is...
Advertising Costs $9,700 Indirect Labor 38,000 CEO's Salary 550,000 Direct Labor 45,000 Indirect Materials Used 7,500 Direct Materials Used 62,000 Factory Utilities 760 Factory Janitorial Costs 3,400 Manufacturing Equipment Depreciation 3,300 Delivery Vehicle Depreciation 3,500 Administrative Wages and Salaries 21,000 Calculate Moreau Manufacturing's total product costs. O A. $152,500 B. $584,200 OC. $159,960 OD. $107,000
Labels
Actual factory overhead
Depreciation of equipment
Direct labor used
Direct materials used
Factory overhead applied
Factory rent
Factory utilities
Indirect labor
Indirect materials
Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $27,000; factory rent, $39,000; factory utilities, $24,000; and factory...
Purchases of raw materials Maintenance, factory Direct labour Depreciation, factory equipment Indirect materials, factory Selling and administrative salaries Utilities, factory Sales commissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Rent, factory building $ 187,000 42,700 36,300 62,600 3,950 48,200 29,800 19,400 4,950 23, 800 117,000 ? The company also provided details regarding the balances in the inventory accounts at the beginning and end of the month as follows: Raw materials Work in process Finished goods Beginning of Month $...
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