Job 593 was recently completed. The following data have beenrecorded on its job cost sheet:Direct materialsDirect labor-hoursDirect labor wage rateMachine-hours$2,47473 labor-hours$19 per labor-hour134 machine-hoursThe Corporation applies to manufacture overhead on the basis ofmachine hours. The predetermined overhead rate is $20 permachine hour.The total cost that would be recorded on the job cost sheet for Job593 would be:a. $7,381b. $3,865c. $6,541d. $3,861

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Answered: Job 593 was recently completed. The…

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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Job OL1105 was recently completed. The following data have been recorded on its job cost sheet: Direct materials Direct labor-hours Direct labor wage rate Machine-hours $2,429 74 labor-hours 17 per labor-hour 135 machine-hours The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $18 per machine-hour. The total job cost that would be recorded on the job cost sheet for Job OL1105 would be:
Mickley Company's plantwide predetermined overhead rate is $22.00 per direct labor-hour and its direct labor wage rate is $10.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 70 units, what is its unit product cost? Note: Round your answer to 2 decimal places. 1. Total manufacturing cost 2. Unit product cost $ 270 $ 100 $ 8 per unit
Mountain View Company is a manufacturing firm that operates a job-order costing system. Overhead costs are applied to jobs on the basis of direct labour-hours. At the beginning of the year, management estimated that the company would incur $192,000 in manufacturing overhead costs and work 8,000 direct labour-hours. Required: 1. Compute the company's predetermined overhead rate.
Frary Corporation is a building contractor. Frary tracks product costs in its job cost system and uses board feet to apply overhead to jobs. Frary has calculated an overhead rate of $61.52 per board foot and they have recorded the following information for job number E4641: Direct labor hours: 45 Direct labor rate: $17.14 Direct material: $5,784.00 Total board feet: 243 The total cost of job number E4641 is: Select one: A. $20,733.36 B. $6,555.30 C. $5,862.66 D. $9,323.70 E. $21,504.66
Assume that RamCo applies overhead to jobs based on direct labor cost. Job A1 was started and completed and sold to customer for $500. The Job A1 cost sheet shows $200 for direct materials, $100 for direct labor, and $60 for overhead on its job cost sheet. Job A2 is still in process at year end and shows charges of $280 for direct materials and $150 for direct labor. How much overhead should be charged to Job A2 at year end? $0 $60 $90 $120 000
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The Silver Corporation uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Dept. A and on machine-hours in Dept. B. At the beginning of the yea the Corporation made the following estimates: Direct labor cost Manufacturing overhead Direct labor-hours Machine-hours Dept. A Dept. B $60,000 $40,000 $90,000 $45,000 6,000 9,000 2,000 15,000 What predetermined overhead rates would be used in Dept. A and Dept. B, respectively?
Burns Corporation assigns overhead cost to completed jobs on the basis of 120% of direct labor costs. The job cost sheet for Job 413 shows that $12,000 in direct material has been used on the job and that $8,000 in direct labor has been incurred. A total of 200 units were produced in Job 413. What is the total manufacturing cost assigned to Job 413? What is the unit cost per unit for Job 413? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph V Open Sans,sa... !!! > ✔ V Ix % 0 $1 Q
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Recently, Job T687 was completed with the following characteristics: Number of units in the job Total machine-hours Direct materials Direct labor cost 10 20 30,700 $ 337,700 $4 $575 $ 1,150 The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)
Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate Mickley Company’s plantwide predetermined overhead rate is $14.00 per direct labor-hour and its direct labor wage rate is $ 17.00 per hour. The following information pertains to Job A-500: Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 40 units, what is the unit product cost for this job?
Job 434 was recently completed. The following data have been recorded on its job costsheet:The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $12 per machine-hour. Direct Materials 45,000 Direct Labor Hours 630 Direct Labor Wage Rate 13/labor hour Machine Hours 390 Number of Units Completed 3,000 units Required: Compute the unit product cost that would appear on the job cost sheet for this job.
Sporty Manufacturing Co. assembled the following cost data for job #26: (Click the icon to view the cost data.) What are the total manufacturing costs for job #26 if the company uses normal job costing? A. $209,100 B. $207,400 C. $209,700 D. $205,900 Cost Data Direct manufacturing labor Indirect manufacturing labor Equipment depreciation Other indirect manufacturing costs Direct materials Indirect materials Manufacturing overhead overapplied $ 100,000 17,000 600 1,000 85,000 3,800 2,300 X

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