Boyle Manufacturing Co. charges factory overhead to production at 70% of direct labor cost. Jobs 901 and 902 were completed and sold in July, 20B. Total direct materials cost and prime cost for Job 901 were P10,000 and P21,000, respectively. Production cost of Job 902 amounted to P51,800 with factory overhead equal to 78% of direct materials cost. How much were the direct labor costs of Jobs 901 and 902?

Q: Coleridge Company estimates that its production workers will work 124,000 direct labor hours during…

A: Per-determined overhead rate = Estimated overheads / Estimated level of activity  Here, the activity…

Q: Osborn Manufacturing uses a predetermined overhead rate of $19.70 per direct labor-hour. This…

A: PREDETERMINED OVERHEAD RATEPredetermined rate means the indirect cost rate.The Predetermined…

Q: Antoine Machining estimated its manufacturing overhead to be $291,400 and its direct materials costs…

A: OVERAPPLIED OVERHEADOverapplied Overhead occurs when Company's Budgeted Overhead is more than actual…

Q: rn Manufacturing uses a predetermined overhead rate of $19.70 per direct labor-hour. This…

A: Manufacturing overhead is an important factor in determining the overall cost of manufacturing for…

Q: Linzee Liners estimates that its manufacturing overhead will be $1,743,400 in Year 1. It further…

A: PREDETERMINED OVERHEAD RATEPredetermined rate means an indirect cost rate.Predetermined overhead…

Q: Cavy Company estimates that total factory overhead costs will be $653,310 for the year. Direct labor…

A: Predetermined factory overhead rate = Total factory overhead costs / Estimated direct labor hours…

Q: Reynolds Manufacturers Inc. has estimated total factory overhead costs of $92,800 and expected…

A: Factory Overhead: It implies the total of all the expenses incurred by the business in order to…

Q: A company assigns overhead cost to completed jobs on the basis of 120% of direct labor cost. The job…

A: Manufacturing Cost :— Manufacturing cost is the sum of costs of all resources consumed in the…

Q: Down Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing…

A: Pr The predetermined overhead rate can be calculated by dividing the Applied overhead by the  Direct…

Q: Coleridge Company estimates that its production workers will work 143,000 direct labor hours during…

A: Given, Estimated overhead = $1,287,000 Estimated direct labor hours = $143,000

Q: Dallas Company uses a job order costing system. Th company's executives estimated that direct labor…

A: Overhead cost are indirect operating cost and are not directly related to manufacturing but they…

Q: Southern Rim Parts estimates its manufacturing overhead to be $416,000 and its direct labor costs to…

A: To calculate the overhead assigned to each of the three jobs (301, 302, and 303), we need to use the…

Q: Walter company uses a predetermined overhead rate based on direct labor hours to apply manufacturing…

A: Predetermined overhead rate = Manufacturing Overheads / Direct labor hours     Direct labor hours…

Q: toine Machining estimated its manufacturing overhead to be $291,400 and its direct materials costs…

A: A journal entry is a basic accounting record that is used to chronologically track financial…

Q: How much is the cost of goods manufactured? JR Company uses the normal cost system. The company…

A: Cost of goods manufactured shows total costs incurred in the business for production and…

Q: Ali Construction has two jobs in July, Jobs N75 and N76. Overhead is applied at a rate of $25,00 per…

A: Gross profit refers to deduction of cost of goods sold from the value of net sales.

Q: Cavy Company estimates that total factory overhead costs will be $572,128 for the year. Direct labor…

A: Solution a1: Predetermined factory overhead rate = Estimated overhead / Estimated direct labor hours…

Q: Kason Company's actual manufacturing overhead is $2,800,000. Overhead is allocated on the basis of…

A: Given, Overhead = $2,800,000 Direct labor hours = 50,000

Q: Morris Corp applies manufacturing overhead cost to Jobs (to the work in process account) at a rate…

A: Applied Overhead = Actual DLHs x Predetermined Overhead rate Applied Overhead = 5,000 DLHs x $50 per…

Q: Lakeland Inc. manufactured 2,500 units during the month of March. They incurred direct materials…

A: Prime cost includes direct materials cost and direct labor

Q: Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The…

A: Predetermined overhead rate = Estimated overhead cost / Estimated direct labor hours Predetermined…

Q: Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The…

A: If the applied overhead- is more than actual overhead- then overhead- is overapplied. If applied…

Q: Beamer Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing…

A: Factory overhead, also known as manufacturing overhead or indirect manufacturing costs, refers to…

Q: The LLO-44886 company uses a job-order costing system with direct labor hours as its allocation…

A: Overhead applied  = Actual overhead + Overhead overapplied = $740,000 + $39,375 = $779,375

Q: York Company is a machine shop that estimated overhead will be $48,000, consisting of 4,000 hours of…

A: 1. Predetermined Overhead Rate per hour = Estimated overhead/ Labour hours   Estimated overhead=…

Q: spen Company estimates its manufacturing overhead to be $891,000 and its direct labor costs to be…

A: Overhead rate represents the ratio of company overhead – rent and other administrative costs – to…

Q: Saddle Inc. applies overhead on the basis of direct labor costs. The company estimates annual…

A: Predetermined Overhead Rate :— It is the rate that is used to apply overhead to production. It is…

Q: Yarra Fabrication estimates that its manufacturing overhead will be $2,297,600 in year 1. It further…

A: Prime cost means the addition of direct material and direct labor and other direct expenses.…

Q: Antoine Machining estimated its manufacturing overhead to be $279,000 and its direct materials costs…

A: Manufacturing Overheads are incurred while producing a product. Direct comes under the cost of goods…

Q: The records at Smith and Jones Company show that Job 110 is charged with $11,000 of direct materials…

A: Job Costing which tracks the costs and revenue of particular job to identify profitability of the…

Q: Antoine Machining estimated its manufacturing overhead to be $282,720 and its direct materials costs…

A: Step 1:Computation of underapplied or overapplied overhead: . It is overapplied since the applied…

Q: During the month of June, Job 100 was started. Data are as follows: Units produced is 1,200 units;…

A: Solution: Gross margin for product sold is computed as = Sales - Cost of goods sold Where Sales =…

Q: A company makes two products 1 and 2. The finishing activity pool has estimated manufacuring costs…

A: The standard amount of factory overhead cost assigned to each unit of production is known as the…

Q: Austin Company uses a job order cost accounting system. The company's executives estimated that…

A: Predetermined overhead rate is the ratio of estimated manufacturing overhead costs and the estimated…

Q: It takes 100,000 direct labor hours to manufacture the product. Total overhead for the product is…

A: Introduction: Traditional costing refers to the allocation of factory overhead to products based on…

Q: labor hours for the year

A: Answer: Allocated overhead= $375 Explanation: Giving the following information:   Jeremy Corporation…

Q: lbuquerque Manufacturing Company uses a predetermined overhead rate based on direct labor hours to…

A: solution : Given : Estimated direct labor hours =55,000 Estimated manufacturing overhead cost…

Q: Boyle Manufacturing Co. charges factory overhead to production at 80% of direct labor cost. Jobs 842…

A: Prime cost comprises of direct material and direct labor

Q: Antoine Machining estimated its manufacturing overhead to be $279,000 and its direct materials costs…

A: Journal entry is the first stage of the accounting process.Journal entry is used to record business…

Q: Catherine Company uses a predetermined overhead rate based on direct labor hours to apply…

A: The manufacturing overheads are said to be underapplied when applied overheads are less than the…

Q: XYZ Company applies overhead to jobs using direct labor cost as an activity. For the current year,…

A: Variance is the result of the difference between the budgeted value and actual results. It is used…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.