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CALCULATOR PRINTER VERSION ( BACK NEXT Problem 4-26 Marigold Company produces high-quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict manufacturing specifications, the company applies overhead on the basis of direct labor hours. At the beginning of 2017, the company estimated its manufacturing overhead would be $1,950,000 and that employees would work a total of 48,750 direct labor hours. During March, the company worked on the following five jobs: Direct Materials Direct Labor Direct Labor Hours Beginning added during added during added during Job Balance March March March 134 $118,600 $3,000 $8,400 160 158 121,400 2,400 12,150 340 212 21,900 86,400 36,600 3,450 287 34,550 71,600 31,810 2,770 301 18,990 21,890 1,320 Total $296,450 $182,390 $110,850 8,040 Jobs 134 and 158 were started in January, Jobs 212 and 287 were started in February, and Job 301 was started in March. During March, workers completed Jobs 134, 158, and 212. Jobs 134 and 212 were delivered to customers during March. Actual overhead for the month of March was $177,000. The manufacturing overhead account is disposed of annually, not monthly. Calculate the predetermined overhead rate used by Marigold Company in 2017. Predetermined overhead rate /DLH LINK TO TEXT LINK TO VIDEO Calculate the total manufacturing cost for March. Total Manufacturing Cost $4 LINK TO TEXT LINK TO VIDEO

CALCULATOR PRINTER VERSION ( BACK NEXT Problem 4-26 Marigold Company produces high-quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict manufacturing specifications, the company applies overhead on the basis of direct labor hours. At the beginning of 2017, the company estimated its manufacturing overhead would be $1,950,000 and that employees would work a total of 48,750 direct labor hours. During March, the company worked on the following five jobs: Direct Materials Direct Labor Direct Labor Hours Beginning added during added during added during Job Balance March March March 134 $118,600 $3,000 $8,400 160 158 121,400 2,400 12,150 340 212 21,900 86,400 36,600 3,450 287 34,550 71,600 31,810 2,770 301 18,990 21,890 1,320 Total $296,450 $182,390 $110,850 8,040 Jobs 134 and 158 were started in January, Jobs 212 and 287 were started in February, and Job 301 was started in March. During March, workers completed Jobs 134, 158, and 212. Jobs 134 and 212 were delivered to customers during March. Actual overhead for the month of March was $177,000. The manufacturing overhead account is disposed of annually, not monthly. Calculate the predetermined overhead rate used by Marigold Company in 2017. Predetermined overhead rate /DLH LINK TO TEXT LINK TO VIDEO Calculate the total manufacturing cost for March. Total Manufacturing Cost $4 LINK TO TEXT LINK TO VIDEO

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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CALCULATOR PRINTER VERSION ( BACK NEXT Problem 4-26 Marigold Company produces high-quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict manufacturing specifications, the company applies overhead on the basis of direct labor hours. At the beginning of 2017, the company estimated its manufacturing overhead would be $1,950,000 and that employees would work a total of 48,750 direct labor hours. During March, the company worked on the following five jobs: Direct Materials Direct Labor Direct Labor Hours Beginning added during added during added during Job Balance March March March 134 $118,600 $3,000 $8,400 160 158 121,400 2,400 12,150 340 212 21,900 86,400 36,600 3,450 287 34,550 71,600 31,810 2,770 301 18,990 21,890 1,320 Total $296,450 $182,390 $110,850 8,040 Jobs 134 and 158 were started in January, Jobs 212 and 287 were started in February, and Job 301 was started in March. During March, workers completed Jobs 134, 158, and 212. Jobs 134 and 212 were delivered to customers during March. Actual overhead for the month of March was $177,000. The manufacturing overhead account is disposed of annually, not monthly. Calculate the predetermined overhead rate used by Marigold Company in 2017. Predetermined overhead rate /DLH LINK TO TEXT LINK TO VIDEO Calculate the total manufacturing cost for March. Total Manufacturing Cost $4 LINK TO TEXT LINK TO VIDEO
Transcribed Image Text:CALCULATOR PRINTER VERSION ( BACK NEXT Problem 4-26 Marigold Company produces high-quality microscopes for education and health care uses. The company uses a job order costing system. Because the microscopes' optics require significant manual labor to ensure adherence to strict manufacturing specifications, the company applies overhead on the basis of direct labor hours. At the beginning of 2017, the company estimated its manufacturing overhead would be $1,950,000 and that employees would work a total of 48,750 direct labor hours. During March, the company worked on the following five jobs: Direct Materials Direct Labor Direct Labor Hours Beginning added during added during added during Job Balance March March March 134 $118,600 $3,000 $8,400 160 158 121,400 2,400 12,150 340 212 21,900 86,400 36,600 3,450 287 34,550 71,600 31,810 2,770 301 18,990 21,890 1,320 Total $296,450 $182,390 $110,850 8,040 Jobs 134 and 158 were started in January, Jobs 212 and 287 were started in February, and Job 301 was started in March. During March, workers completed Jobs 134, 158, and 212. Jobs 134 and 212 were delivered to customers during March. Actual overhead for the month of March was $177,000. The manufacturing overhead account is disposed of annually, not monthly. Calculate the predetermined overhead rate used by Marigold Company in 2017. Predetermined overhead rate /DLH LINK TO TEXT LINK TO VIDEO Calculate the total manufacturing cost for March. Total Manufacturing Cost $4 LINK TO TEXT LINK TO VIDEO
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