What is dora industries actual manufacturing overhead for February? Dora Industries manufactures custom bicycles. Costs for February were as follows:•Indirect labor $13,500•Direct materials $42,000•Income tax expense $16,000•Indirect materials $6,500....Property taxes on the factory building $20,500Direct labor $35,000Salespersons' commissions $10,500Interest expense $19,000Insurance on manufacturing equipment $14,000What is Dora Industries' actual manufacturing overhead for February?

Explanation of Manufacturing Overhead:Manufacturing overhead includes all indirect costs incurred…

Answered: Dora Industries manufactures custom…

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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Johansen company has the following estimated..accounting questions
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Cost?
Example Ltd is a manufacturer. It produced 2,000 units in April. The following cost information is available: Advertising costs: $6,000 per month Depreciation on factory equipment: $3,000 per month Factory supervisor salary: $20,000 per month Metal used in the product: $10 per unit Research and development: $8,000 per month Wages of manufacturing equipment operators: $8 per unit Assume any materials used in production is direct material. What is the total conversion costs for Example Ltd in April? 39,000 36,000 20,000 14,000
Simplex Company has the following estimated costs for next year: Direct materials $15,000 Direct labor $55,000 Sales commissions $75,000 Salary of production supervisor $35,000 Indirect materials $5,000 Advertising expense $11,000 Rent of factory equipment $16,000 Simplex estimates that 10,000 direct labor and 16,000 machine-hours will be worked during the year. If overhead in applied on the basis of machine hours, the overhead rate per hour will be:
Vikarmbhai
Logro Inc. manufactures stainless steel knives. Following are factory costs incurred during the year:
Cornelius Company produces women’s clothing. During the year, the company incurred the following costs: Factory rent $ 380,000 Direct labor 300,000 Utilities—factory 38,000 Purchases of direct materials 555,000 Indirect materials 66,000 Indirect labor 60,000 Inventories for the year were as follows: January 1 December 31 Materials $ 25,000 $ 40,000 Work-in-Process 45,000 40,000 Finished Goods 135,000 75,000 Required: 1&2. Prepare a statement of cost of goods manufactured and calculate cost of goods sold.
Superior Uniforms produce uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Superior Uniforms reports the following cost data for the past year: Direct labor hours Budget Actual 7,000 6,000 hours hours 7,000 6,300 hours hours Machine hours Depreciation on salespeople's autos Indirect materials Depreciation on trucks used to deliver uniforms to customers Depreciation on plant and equipment $23,000 $23,000 $ 49,000 $50,500 $13,500 $12,000 $ 64,000 $66,000 $ 43,500 $46,500 Indirect manufacturing labor Customer service hotline Plant utilities Direct labor cost $ 21,500 $23,000 $46,500 $ 47,500 $ 72,500 $85,500 Compute the predetermined manufacturing overhead rate.
A partial listing of costs incurred during March at Febbo Corporation appears below: Factory supplies$ 9,000Administrative wages and salaries$ 85,000Direct materials$ 126,000Sales staff salaries$ 30,000 Factory depreciation$ 33,000Corporate headquarters building rent$ 43,000Indirect labor$ 26,000Marketing$ 65,000Direct labor$ 99,000 The total of the product costs listed above for March is: Select one: a. $516,000 b. $68,000 C. $293,000 d. $223,000
What is the plant wide overhead rate on these financial accounting question?
Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $510 each. Costs 1. Plastic for casing—$17,000 2. Wages of assembly workers—$86,000 3. Property taxes on factory—$6,000 4. Accounting staff salaries—$36,000 5. Drum stands (1,000 stands purchased)—$31,000 6. Rent cost of equipment for sales staff—$48,000 7. Upper management salaries—$170,000 8. Annual flat fee for factory maintenance service—$13,000 9. Sales commissions—$20 per unit 10. Machinery depreciation, straight-line—$45,000 2. Compute the manufacturing cost per drum set. TrueBeat Calculation of Manufacturing Cost per Drum Set Item Total cost Per unit cost Variable production costs Total variable production costs Fixed production costs Total fixed production costs Total production cost

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