D'Santos uses a job-order cost system with machine hours as an overhead base. Thefollowing information relates to D'Santos for last year:Estimated machine hours for the yearActual machine hours for the yearPredetermined overhead rateUnderapplied factory overhead11. What is the peso amount of the following items?Estimated OHP 61,200P 61,200P 63,00042,00040,800P 1.50 per MHP 2,600Applied OHActual OHа..P 63,000P 60,400b.63,00065,600с.61,20058,600d.P 63,00061,20063,800 Justine Company budgeted total variable overhead costs at P180,000 for the currentperiod. In addition, they budgeted costs for factory rent at P215,000, costs fordepreciation of office equipment at P12,000 coșts for office rent at P92,000, and costsfor depreciation of factory equipment at P 38,000. All these costs were based uponestimated machine hours of 80,000. At the end of the period, the Factory Overheadcontrol account had a balance of P 387,875. Actual machine hours were 74,000.12. What was the over or underapllied factory overhead for the period?P 12,650 overappliedb.а.P 12,650 underappliedP 108,850 overappliedd.с.P 108,850 underapplied

Name: D'Santos uses a job-order cost system with machine hours as an overhe
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: D'Santos uses a job-order cost system with machine hours as an overhead base. Thefollowing information relates to D'Santos for last year:Estimated machine hours for the yearActual machine hours for the yearPredetermined overhead rateUnderapplied fac

Business

Accounting

D'Santos uses a job-order cost system with machine hours as an overhead base. The following information relates to D'Santos for last year: Estimated machine hours for the year Actual machine hours for the year Predetermined overhead rate 42,000 40,800 P 1.50 per MH P 2,600 Underapplied factory overhead 11. What is the peso amount of the following items? Estimated OH P 61,200 P 61,200 P 63,000 P 63,000 Applied OH P 63,000 Actual OH P 60,400 а.. b. 63,000 65,600 с. 61,200 58,600 d. 61,200 63,800

D'Santos uses a job-order cost system with machine hours as an overhead base. The following information relates to D'Santos for last year: Estimated machine hours for the year Actual machine hours for the year Predetermined overhead rate 42,000 40,800 P 1.50 per MH P 2,600 Underapplied factory overhead 11. What is the peso amount of the following items? Estimated OH P 61,200 P 61,200 P 63,000 P 63,000 Applied OH P 63,000 Actual OH P 60,400 а.. b. 63,000 65,600 с. 61,200 58,600 d. 61,200 63,800

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The related data of Danaya Company: Actual direct labor hours 10,000 Actual overhead cost P893,200 Underapplied factory overhead 125,700 Factory overhead is based on direct labor hours. How much is the predetermined rate?
At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: Job Direct Materials Direct Labor Machine Hours Job 765 $7,560 $2,268 27 Job 766 12,654 3,996 74 Job 765 produced 162 units, and Job 766 consisted of 222 units. Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $150 per hour. a. Determine the balance on the job cost sheets for each job. Job 765 Job 766 b. Determine the cost per unit at the end of April. Round your answers to the nearest cent. Job 765 Job 766 $1 %24 %24
XYZ Company has the following balances for the current month: Direct materials used OMR 24,000 Direct labor OMR 36,800 Sales salaries OMR 19,200 Indirect labor OMR 4,800 Production manager's salary OMR 9,600 Marketing costs OMR 14,400 Factory lease OMR 6,400 What is total manufacturing cost? a. OMR 81,600 b. OMR 86,400 C. OMR 89,600 d. OMR 96,000 e. None of the given answer.
Company XYZ applies overhead cost to jobs on the basis of direct labor cost. Job A, which was started and completed during the current period, shows charges of $15,000 for direct materials, $13,000 for direct labor, and $26,000 for overhead on its job cost sheet. Job B, which is still in process at year-end, shows charges of $12,400 for direct materials and $24,000 for applied overhead. Direct labor cost of Job B at year-end is: Select one: a. $12,000 b. None of the answers given c. $36,400 d. $11,000 e. $13,000
BK Corporation estimated its overhead rate for the year to be SAR 140 per direct labor hour. Job Direct labor cost. SAR 2,800 Direct material cost. SAR 3,650 Direct labor hours. 25 Machine hours. 20 The total cost for Job 46B would be O A. SAR 2,800 O B. SAR 3,500 O C. SAR 9,250 O D. SAR 9,950
A company uses job-order costing system with a pre-determined overhead rate based onthe machine hours. The total machine hours are 64,000 hours. The variable manufacturingoverhead per machine hour is $6 and the estimated total fixed manufacturing overheadscost is $704,000. The additional information for a job order "JOCS" is summarized asfollows:20DescriptionNumber of unitsTotal machine hoursDirect materials80$1,400$2,800Direct labor costsThe company marks up it unit product costs by 25%. With the provided information,compute the selling price of the unit in JOCS.
Please write your answer
Assume that a company pays a 5% sales commission. Also, assume (1) a company's plantwide predetermined overhead rate is $13.00 per direct labor-hour, and (2) its job cost sheet for Job X shows that this job used 18 direct labor-hours and incurred direct materials and direct labor charges of $500 and $360, respectively. What is the total cost of Job X? O $1,105.70 O $734.00 O $1148.70 O $1094.00
A Company uses a job order costing system and allocates its manufacturing overhead costs based on direct labor costs. The Company's production costs for the year were: direct labor, $75,000; direct materials, $40,0003; and factory overhead applied $60,000. The predetermined overhead rate was: O a. 1.25%. O b. 53.3%. O c. 150%. O d. 80%. 125.%. IOUS PAGE NEXT PAGE hp
Using the attached, Was the overhead underallocated or overallocated? By how much?
At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: Job Job 765 Job 766 Job 765 Job 766 Direct Materials Job 765 $8,960 15,048 Job 766 Direct Labor $2,688 4,752 Machine Hours Job 765 produced 192 units, and Job 766 consisted of 440 units. Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $147 per hour. a. Determine the balance on the job cost sheets for each job. 32 88 $ b. Determine the cost per unit at the end of April. Round your answers to the nearest cent.
ABC Corporation applies manufacturing overhead to jobs on the basis of direct labor-hours. The following information relates to ABC Corporation for last year: Estimated Actual Direct labor-hours 25,000 24,800 Manufacturing overhead cost 300,000 287,120 What was ABC underapplied or overapplied overhead for last year?