Answer: 2. Multiple Choice Question 55 Vaughn Company assigns overhead based on machine hours. The Milling Department logs 2390 machine hours and Cutting Department shows 3990 machine hours for the period. If the overhead rate is $6 per machine hour, the entry to assign overhead will show a credit to Manufacturing Overhead for $38280. a. debit to Work in Process for $23940, b. debit to Manufacturing Overhead for $38280. C. credit to Work in Process-Cutting Department for $23940. d. D Answer: 3. Exercise 16-13 The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2017. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 14,800 units, 1/10 complete Materials $18,300 Units transferred out 55,400 Conversion costs 15,160 $33,460 Units started 50,900 Materials 230,046 Ending work in process 10,300 units, 1/5 complete Labor 67,200 Overhead 89,445 * Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to 0 decimal places, e.g. 1,225.), HEALTHY MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2017. Equivalent Units 000 F4 F3 F5 F6 F7 F8 $ % & %24
Answer: 2. Multiple Choice Question 55 Vaughn Company assigns overhead based on machine hours. The Milling Department logs 2390 machine hours and Cutting Department shows 3990 machine hours for the period. If the overhead rate is $6 per machine hour, the entry to assign overhead will show a credit to Manufacturing Overhead for $38280. a. debit to Work in Process for $23940, b. debit to Manufacturing Overhead for $38280. C. credit to Work in Process-Cutting Department for $23940. d. D Answer: 3. Exercise 16-13 The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2017. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 14,800 units, 1/10 complete Materials $18,300 Units transferred out 55,400 Conversion costs 15,160 $33,460 Units started 50,900 Materials 230,046 Ending work in process 10,300 units, 1/5 complete Labor 67,200 Overhead 89,445 * Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal places, e.g. 2.25 and all other answers to 0 decimal places, e.g. 1,225.), HEALTHY MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 28, 2017. Equivalent Units 000 F4 F3 F5 F6 F7 F8 $ % & %24
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Answer:
2. Multiple Choice Question 55
Vaughn Company assigns overhead based on machine hours. The Milling Department logs 2390 machine hours and
Cutting Department shows 3990 machine hours for the period. If the overhead rate is $6 per machine hour, the entry to
assign overhead will show a
credit to Manufacturing Overhead for $38280.
a.
debit to Work in Process for $23940,
b.
debit to Manufacturing Overhead for $38280.
C.
credit to Work in Process-Cutting Department for $23940.
d.
D
Answer:
3. Exercise 16-13
The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2017.
All materials are added at the beginning of the process.
Manufacturing Costs
Production Data
Beginning work in process
Beginning work in process
14,800 units, 1/10 complete
Materials
$18,300
Units transferred out
55,400
Conversion costs
15,160
$33,460
Units started
50,900
Materials
230,046
Ending work in process
10,300 units, 1/5 complete
Labor
67,200
Overhead
89,445
* Prepare a production cost report for the Welding Department for the month of February. (Round unit costs to 2 decimal
places, e.g. 2.25 and all other answers to 0 decimal places, e.g. 1,225.),
HEALTHY MANUFACTURING COMPANY
Welding Department
Production Cost Report
For the Month Ended February 28, 2017.
Equivalent Units
000
F4
F3
F5
F6
F7
F8
$
%
&
%24
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