manufacturing The Penner Company reported total costs of $195,000; manufacturing overhead totalling $39,000 and direct materials totalling $48,000. How much is direct labor cost? a. $147,000. b. $282,000. c. $87,000. d. $108,000. e. None of the above.
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- The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?Need help
- Financial Accounting8. Ploneer Company reported total manufacturing costs of $528.000, manufacturing overhead totaling $78,000, and direct materials totaling $96,000. How much is direct labor cost? a. Cannot be determined from the information provided. b. $276,000 C. $624,000 d. $354,000The following data is given for Mayfield Co.: Planned Costs Actual Costs and Hours and Hours Direct materials costs $100,000 $150,000 Direct labor costs $120,000 $160,000 Factory overhead costs $80,000 $100,000 Direct labor hours 15,000 17,000 Factory overhead is applied on the basis of direct labor hours. Compute the over(under)applied overhead: $_______________ overapplied, underapplied (circle one)
- Tt.11.Given helpThe following information is taken from the financial records of Gunner Manufacturing: Cost of materials used, $45,000; Direct labor costs $48,000; Factory overhead $39,000; Work in process beginning $18,000: Work in process ending $28,000. What is the Cost of Goods Manufactured? Answer a. $178,000 b. $142,000 c. $132,000 d. $122,000
- The related data of Amihan Company: Estimated overhead cost P3,000,000 Estimated direct labor hours 120,000 Actual overhead cost P2,786,500 Actual direct labor hours 115,800 Factory overhead is based on direct labor hours. How much is the over-applied factory overhead?The following is the total overhead cost at various levels of activity for McRoy Company: Total Overhead Cost $222,000 $246,000 $198,000 $174,000 February March April May Direct Labour Hours 80,000 90,000 70,000 60,000 The total overhead cost above consists of utilities, rent and maintenance. The breakdown of these costs at the 60,000 direct labour hour level of activity is: Utilities (variable) Rent (fixed) Maintenance (Mixed) Total overhead cost $48,000 $21,000 $105,000 $174,000 McRoy Company wants to separate the maintenance cost into its variable and fixed components. Required: (a) Estimate how much of the $246,000 of overhead cost in March was maintenance cost. (b) Using the high low method, construct a cost formula for the maintenance cost. (c) Assume that 209,000 direct labour hours are budgeted for the third quarter of the year, what would be the total overhead cost for the quarter?Give true answer