OFoundational 15 - Chapter Two i1Part 1 of 15.1pointseBookMcGrawHill1083PrintReferencesDashboard78ChatGPT: Optimizing Language Models for D...Direct materials.Direct labor costActual machine-hours used:MoldingFabricationTotalezto.mheducation.comTO FEB10Saved< Prev[The following information applies to the questions displayed below.]Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started,completed, and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predeterminedoverhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours wouldbe required for the period's estimated level of production. Sweeten also estimated $28,600 of fixed manufacturingoverhead cost for the coming period and variable manufacturing overhead of $2.60 per machine-hour.Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing itsplantwide overhead rate with departmental rates that would also be based on machine-hours. The companygathered the following additional information to enable calculating departmental overhead rates:Estimated total machine-hours usedEstimated total fixed manufacturing overheadEstimated variable manufacturing overhead per machine-hourThe direct materials cost, direct labor cost, and machine-hours used for Jobs P and Q are as follows:Monday, March 6Job P$ 22,000$ 28,2001 2 3S2,6001,5004.100***Comparing Themes, VideosSweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.15tvĆMolding2,500$ 12,250$ 2.30Job Q$ 12,500$ 11,1001,7001,8003,500of 15Help+88M Question 1-Foundational 15 - Chapter Two....Fabrication1,500Total4,000$ 16,350 $ 28,600$ 3.10Next >Save & ExitWriting Assignment #3 (3 questions)Text page 135: #16, Chapter 4 (12 pts.) ANDAASubmitCheck my work nal 15 - Chapter TwoChatGPT Optimizing Language Models for D...Direct materialsDirect labor costActual machine-hours used:MoldingFabricationPredetermined overhead rateSaved< PrevJob P$ 22,000$ 28,200per MH2,6001,5004,100Sm12 35551. What is the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.)***Comparing Themes, VideosTotalSweeten Company had no overapplied or underapplied manufacturing overhead costs during the year.Required:For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions, 9-15, assume that the company uses predetermined departmentaloverhead rates with machine-hours as the allocation base in both departments.15Job Q$ 12,500$ 11,1001,7001,8003,500of 15Help‒‒‒M Question 1-FoNext >Save & ExitCheck

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Description: OFoundational 15 - Chapter Two i1Part 1 of 15.1pointseBookMcGrawHill1083PrintReferencesDashboard78ChatGPT: Optimizing Language Models for D...Direct materials.Direct labor costActual machine-hours used:MoldingFabricationTotalezto.mheducation.comTO F

Predetermined overhead rate A rate of overhead which is used to allocate the production overheads to…

Answered: 1. What is the company's plantwide…

Business

Accounting

1. What is the company's plantwide predetermined overhead rate? (Round your answer to 2 decimal places.) Predetermined overhead rate per MH

Accounting Information Systems

11th Edition

ISBN:9781337552127

Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill

Chapter11: The Billing/accounts Receivable/cash receipts (b/ar/cr) Process

Section: Chapter Questions

Problem 9P: Use the DFDs in Figure 11.3 (pg. 416), Figure 11.4 (pg. 417), Figure 11.6 (pg. 419), and Figure 11.8...

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b My Questions | bartleby PoF ACCT3039-Unit 4.pdf O Unit 4 -Discussion Question 303 x + PDF A marl File | C:/Users/Ronnick%20Douglas/OneDrive/Desktop/Advanced%20Manage. ... Activity-Based Costing, Traditional Costing 1. The controller for Mitchell Supply Company has established the following overhead cost pools and cost drivers: Overhead Cost Pool Machine setups Material handling Quality control inspection Other overhead costs Total Budgeted Overhead Cost $150,000 52,500 37,500 90.000 $330.000 Cost Driver Number of setups Units of raw material Number of inspections Machine hours Overhead Cost Pool Machine setups Material handling Quality control Other overhead Budgeted Level for Cost Driver 100'setups 50,000 units 1,000 inspections 15,000 machine hours Overhead Rate $1,500 per setup $1.05 per unit $37.50 per inspection $6 per machine hour Order no. 610 has the following production requirements: Machine setups Raw material Inspections Machine hours 5 setups 10,000 units 12 inspections…
Hh Module 1-30691202003 * My Home CengageNOWv2 | Online teachir x Cengage Learning v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inprogress%3Dfalse Entries for Flow of Factory Costs for Process Cost System Radford Inc. manufactures a sugar product by a continuous process, involving three production departments-Refining, Sifting, and Packing. Assume that records indicate that direct materials, direct labor, and applied factory overhead for the first department, Refining, were $585,800, $205,000, and $134,700, respectively. Also, work in process in the Refining Department at the beginning of the period totaled $32,800, and work in process at the end of the period totaled $40,400. a. Journalize the entries to record the flow of costs into the Refining Department during the perlod for (1) direct materials, (2) direct labor, and (3) factory overhead. If an amount box does not require an entry, leave it blank. Work In Process-Refining…
TASK A. Problem Solving. Analyze the given problems and use the worksheet provided for your answers. 1) Amore Companyproducestwoproductsinasinglefactory.Thefollowingproductionandcostinformationhasbe endetermined: Model1 1,000 100 Model2 200 Unitsproduced Materialmoves(total) Testingtime(total) Directiaborhoursperunit 40 250 125 Thecontrollerhasdetermined totaloverhead to beP480,000.P140,000relatestomateriaimoves;P150,000relatestotesting;theremainderisr elatedtolabortime. a) If Amore uses direct labor hours to allocate overhead to ach model, what would overhead per unit be for Model 2? b) If Amore uses activity-based costing to allocate overhoad to each model, what would overhead per unit be for Model 2? 2) GLPower Company manufactures a line of high-end laundry equipment. The accountant has proposed changing from a traditional costing syslem to an activity-based costing system. The president is not convinced of making the changes, so he requests that the next large order for equipment…
CengageNOWv2 | Online teachin x * Cengage Learning + n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false еВook E Print Item Equivalent Units of Production: Weighted Average Cost Method The following information concerns production in the Finishing Department for May. The Finishing Department uses the weighted average cost method. ACCOUNT Work in Process-Finishing Department ACCOUNT No. Balance Date Item Debit Credit Debit Credit May 1 Bal., 25,400 units, 70% completed 101,600 31 Direct materials, 124,500 units 303,780 405,380 31 Direct labor 188,300 593,680 31 Factory overhead 191.400 785,080 31 Goods transferred, 132,100 units 755,612 29,468 31 Bal., 2 units, 30% completed 29,468 a. Determine the number of units in work in process inventory at the end of the month. units b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for May. Whole units units Equivalent units of…
My Questions | bartleby b References X Chapter 3 Quiz CCamden County College ounty College Ha Ahttps://camdencc.instructure.com/courses/3788/assignments/35967?module item id=88693 les Question 7 s View Policies uncements Current Attempt in Progress ssions The last department in a production process shows the following information at the end of the period: rences borations Units Beginning Work in Process 25000 Started into Production PLUS ort 263000 Ending Work in Process 49200 Central How many units have been transferred out to finished goods during the period? 288000. O 263000. O312200. O 238000. eTextbook and Media e to search hp
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oad Assignment: Module 4 E x * CengageNoWv2 | Online teachin x cakeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionlocator=&inprogress-false eBook Show Me How Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Date Item Balance Debit Credit Debit Credit Mar. 1 Bal., 7,500 units, 2/5 completed 15,750 31 Direct materials, 135,000 units 243,000 258,750 31 Direct labor 69,670 328,420 31 Factory overhead 39,194 367,614 31 Goods finished, 136,800 units 355,530 12,084 31 Bal. ? units, 2/5 completed 12,084 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent unit 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during March 4. Cost of units…
6 MyPath Home Content O Managerial Accounting, Fifteenth x Answered: Exercise 4-2 Equivalen x O File | C:/Users/pse/Documents/managerial-accounting-15th-edition.pdf Managerial Accounting, Fifteenth Edition 203 / 795 Tiepare journar CnnCS to Tecoru iems (a) urougn (T) avove. EXERCISE 4-2 Computation of Equivalent Units-Weighted-Average Method [LO4-2] Clonex Labs, Inc., uses a process costing system. The following data are available for one depart- ment for October: Percent Completed Units Materials Conversion Work in process, October 1 30,000 65% 30% Work in process, October 31 15,000 80% 40% The department started 175,000 units into production during the month and transferred 190,000 completed units to the next department. Required: Compute the equivalent units of production for October assuming that the company uses the weighted-average method of accounting for units and costs. 1:43 PM e Type here to search 3/31/2020 124
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G. H. B. Process Cost Practice Quiz Part 1 The following information is related to the blending department: 1. 1,900 units in beginning WIP, 60X completed as to conversion costs 2. Direct Materials added: 22,000 units 3. Goods completed and transterred total 21,800 units 4. All materials are added at the beginning of the process. 5. Beginning WIP was $7,657 10 6. Cost of DMadded during the month: $77,000 7. Cost of DL added during the month: $14,200 8. Factory overhead applied during the month: $6,880 13 9. Ending WIP inventory is 20% completed as to conversion costs 14 15 12 Required. 16 1 Compute total units to be assigned costs 2. Compute Group 1-3 whole units and equivalent units 18 R.Compute cost per equivalent unit for materials and conversion costs 18 4. Using cost per equivalent unit above, determine (A) cost transferred 20 21 22 out of WIP to next department and (B) cost assigned to ending WIP VIP- Blending Dept. 23 Units Units 24 25 26 Beginning 27 28 23 DM 30 31 32 DL 33 34…