During the coming accounting year, Ester Manufacturing, Inc., anticipates the following costs, expenses, and operating data:Direct material (15,000 lb.)Direct labor (@$12/hr.)Indirect materialIndirect laborSales commissionsFactory administrationNon factory administrative expensesOther manufacturing overhead*Machine hours are 30.000 hours.$45,00096,0007,00012,00018,00013,00014,00028,000 a Calculate the predetermined manufacturing overhead rate for the coming year for each of the following application bases: (1) direct labor hours, (2) direct labor costs, and (3) machinehoursRound direct labor hours and machine hours answers toApplication baseDirect labor hoursDirect labor costsMachine hourManufacturingoverhead ratetwo decimal places, when applicable. Round direct labor costs to two decimal places, when applicable (example: 76.25%)0b. For each item in requirement a, determine the proper application of manufacturing overhead to job 128, to which 9 direct labor hours, $100 of direct labor cost, and 32 machine hourshave been charged.Round answers to two decimal places, when applicable.Application base Overhead applied to job 128Direct labor hours 1Direct labor costsMachine hours

The expected cost of manufacturing overhead is applied to cost objects for a particular reporting…

During the coming accounting year, Ester Manufacturing, Inc., anticipates the following costs, expenses, and operating data: Direct material (15,000 lb.) Direct labor (@$12/hr.) Indirect material Indirect labor Sales commissions Factory administration. Non factory administrative expenses Other manufacturing overhead Machine hours are 30.000 hours. $45,000 96,000 7,000 12,000 18,000 13,000 14,000 28,000

During the coming accounting year, Ester Manufacturing, Inc., anticipates the following costs, expenses, and operating data: Direct material (15,000 lb.) Direct labor (@$12/hr.) Indirect material Indirect labor Sales commissions Factory administration. Non factory administrative expenses Other manufacturing overhead Machine hours are 30.000 hours. $45,000 96,000 7,000 12,000 18,000 13,000 14,000 28,000

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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