Compute the labour quantity variance Imperial Manufacturing accumulates the following datarelative to jobs started and finished during the month ofOctober 2023.Cost and Production DataRaw materials unit costActualStandard$2.35$2.15Raw materials units used11,20010,800Direct labor rate$9.20$8.80Direct labor hours worked16,50017,100Manufacturingoverhead $205,700.00incurredManufacturingoverhead$210,000.00appliedCompute the labor quantity variance.

Explanation of Labor Quantity Variance: Labor quantity variance measures the difference between the…

Answered: Imperial Manufacturing accumulates the…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...

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A company estimates its manufacturing overhead will be $840,000 for the next year. What is the predetermined overhead rate given each of the following Independent allocation bases? Budgeted direct labor hours: 90,615 Budgeted direct labor expense: $750000 Estimated machine hours: 150,000
Hh1. Account
hrl.3
Sheridan Corporation accumulates the following data relative to jobs started and finished during the month of June 2022. Costs and Production Data Raw materials unit cost Raw materials units Direct labor payroll Direct labor hours Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour Actual Standard $2.30 $2 11.500 11,000 $152,440 $147,440 14,800 15,200 $230,572 $218,880 43,500 $69,600 $3.20 $1.60 Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The jobs were sold for $458,000. Selling and administrative expenses were $41,200. Assume that the amount of raw materials purchased equaled the amount used. (a) Compute all of the variances for (1) direct materials and (2) direct labor. (Round per unit values to 2 decimal places, e.g. 52.75 and…
Oriole Corporation accumulates the following data relative to jobs started and finished during the month of June 2020. Costs and Production Data Raw materials unit cost Raw materials units Direct labor payroll Direct labor hours Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for June Variable overhead rate per machine hour Fixed overhead rate per machine hour Actual Standard $2.10 $1.90 11,300 10,700 $175,500 $171,360 15,000 15,300 $212.930 $215,730 43,500 $73.950 $3.00 $1.70 Overhead is applied on the basis of standard machine hours. 3.00 hours of machine time are required for each direct labor hour. The jobs were sold for $453,000. Selling and administrative expenses were $39,300. Assume that the amount of raw materials purchased equaled the amount used.
Subject - account
Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017. Costs and Production DataRaw materials unit cost Raw materials units used Direct labor payroll Direct labor hours worked Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for JuneVariable overhead rate per machine hour Fixed overhead rate per machine hourActual$2.25 10,600 $120,960 14,400 $189,500Standard$2.10 10,000 $120,000 15,000$193,500 42,500 $55,250 $3.00 $1.30Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The jobs were sold for $400,000. Selling and ad- ministrative expenses were $40,000. Assume that the amount of raw materials purchased equaled the amount used.Instructions(a) Compute all of the variances for (1) direct materials and (2) direct labor. (b) Compute the total overhead variance.…
Raw materials unit cost 2.35, raw material unit used 11200
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compute the total manufacturing cost assigned to jobs in january in each department Pharoah Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Department K. In establishing the predetermined overhead rates for 2025, the following estimates were made for the year. Department D E K Manufacturing overhead $1,012,500 $1,462,500 $810,000 Direct labor costs $1,350,000 $1,125,000 $405,000 Direct labor hours 90,000 112,500 36.000 Machine hours 360,000 450,000 108,000 The following information pertains to January 2025 for each manufacturing department. Department D E K Direct materials used. $126.000 $113,400 $70,200 Direct labor costs $108,000 $99,000 $33,750 Manufacturing overhead incurred $89,100 $111,600 $71.100 Direct labor hours 7,200 9,900 3,150 Machine hours 30,600 40,500 9,360
How do I find the numbers to the questions marks?Selling expenses $ 211,000Purchases of raw materials $ 266,000Direct labor ?Administrative expenses $ 152,000Manufacturing overhead applied to work in process $ 363,000Actual manufacturing overhead cost $ 350,000Inventory balances at the beginning and end of the year were as follows:Beginning of Year End of YearRaw materials $ 53,000 $ 32,000Work in process ? $ 28,000Finished goods $ 33,000 ?The total manufacturing costs for the year were $670,000; the cost of goods available for sale totaled $750,000; the unadjusted cost of goods sold totaled $661,000; and the net operating income was $38,000. The company’s underapplied or overapplied overhead is closed to Cost of Goods Sold.
Applying Factory Overhead Jernigan Company estimates that total factory overhead costs will be $378,000 for the year. Direct labor hours are estimated to be 27,000. a. For Jernigan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places.$fill in the blank fb95c2fa601df9b_1 per direct labor hour b. During August, Jernigan Company accumulated 550 hours of direct labor costs on Job 40 and 520 hours on Job 42. Determine the amount of factory overhead applied to Jobs 40 and 42 in August.$fill in the blank fb95c2fa601df9b_2 c. Prepare the journal entry to apply factory overhead to both jobs in August according to the predetermined overhead rate.

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