Narra Marketing Corp. uses j ob-order cost system. It has three productiondepartments, X, Y and Z. The manufacturing budget cost for 2013 is asfollows:Dept. XP600,000.00200,000.00Dept. YP400,000.001,500,000.00100,000.00Dept. ZP200,000.001,500,000.00Direct MaterialsDirect LaborMfg. Overhead600,000.00200,000.00For Job No. 01-90 completed in 2013,direct material cost was P75,000.00; direct labor, Dept. X, P40,000.00, Dept. Y,P100,000.00, Dept Z, P20,000.00. The corporation applies manufacturing overhead to each job on the basis of directlabor cost using department rates predetemined at the beginning of the year based on the manufacturing budgetcost.The total manufacturing cost of Job No. 01-90 is:P235,000P310,000P280,000P150,000

Solution Given Details of Job No 01-90 Direct material P75000 Direct labor X-40000…

Answered: Narra Marketing Corp. uses j ob-order…

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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s Laval produces lighting fixtures. Budgeted information for its two production departments follows. The departments use machine hours (MH) and direct labor hours (DLH). Overhead cost Direct labor hours Machine hours Fabricating $ 1,260,000 Desk lamp 131,600 DLH 90,000 MH 28,000 DLH 72,500 MH Laval reports the following for one of its products, a desk lamp. Fabricating Department Number of Direct Labor Hours Units per Unit 6,000 4 DLH per unit Assembly $ 336,000 Machine Hours per Unit 3 MH per unit Required 1 Required 2 Required 3 Required: 1. Determine the plantwide overhead rate using 159,600 direct labor hours as the allocation base. 2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the Fabricating department and direct labor hours in the Assembly department. 4. Determine the overhead cost per unit for the desk lamp using the departmental overhead rates. Complete this question…
Gelinas, Inc., manufactures and sells two products: Product S5 and Product L3. Expected production of Product S5 is 500 units and of Product L3 is 700 units. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Overhead Activity Cost Pools Labor-related Production orders Measures Cost $286,741 40,384 463,730 Product S5 Product L3 Total DLHS 3,500 5,600 9,100 оrders 300 500 800 Order size MHs 4,000 3,900 7,900 $790,855 The overhead applied to each unit of Product L3 under activity-based costing is closest to: (Round your Intermedlate calculations to 2 declmal places.) Multiple Cholce $327.04 per unit $61518 per unit S659.05 per unit. 92 F AQI 61 9A pe here to search DELL 近

Miguez Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 2.3 liters $ 7.00 per liter $ 16.10 Direct labor 0.7 hours $ 22.00 per hour $ 15.40 Variable overhead 0.7 hours $ 2.00 per hour $ 1.40 The company budgeted for production of 2,600 units in September, but actual production was 2,500 units. The company used 5,440 liters of direct material and 1,680 direct labor-hours to produce this output. The company purchased 5,800 liters of the direct material at $7.20 per liter. The actual direct labor rate was $24.10 per hour and the actual variable overhead rate was $1.90 per hour. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor rate variance for September is: Multiple Choice $3,675 F $3,528 U $3,528 F $3,675 U
Harris Manufacturing produces white sauce. It uses units as the cost driver for overhead. The following information was provided concerning its standard cost system for 2020: Budgeted and Standard Data Actual Data Material 1/4 lb. @ $14 per pound Produced 6,100 units Labor 1.4 hrs. @ $16 per hour Materials purchased 1,600 lbs. for $13.70/pound Total fixed overhead $84,000 Materials used 1,520 lbs. Variable overhead $6.50 per unit Labor worked 8,740 hrs. at $15.90/hour Production 6,000 units Total overhead $122,000 How much is the flexible budget for overhead for 2020? $122,000 $123,000 $127,100 $124,300 $123,650
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JYD Manufacturing uses departmental cost driver rates to apply manufacturing overhead costs to products. Manufacturing overhead costs are applied on the basis of machine hours in the Machining Department and on the basis of direct labor hours in the Assembly Department. At the beginning of 2021, the following estimates were provided for the coming year: Machining Assembly Direct labor hours 10,000 dlh 90,000 dlh Machine hours 100,000 mh 5,000 mh Direct labor cost P80,000 P720,000 Manufacturing overhead 250,000 360,000 The accounting…
?Refer to CASE 2 (Company B), What is the expected Product Margin of product Z if activity-based costing is used None of the amounts given .a O $101,250 b O $62,000 .c O $23,000 .d O
A company allocates $7.50 of overhead per direct labor hour to products. The company uses a plantwide overhead rate with direct labor hours as the allocation base. Given the amounts below, how many direct labor hours does the company expect in department 2? Budgeted: Department 1 Department 2 Manufacturing overhead costs $ 74,358 $ 49,572 Direct labor hours 6,610 DLH ? DLH Machine hours 700 MH 800 MH
Subject :- Accounting
A manufacturer uses activity-based costing to assign overhead cost to products. Budgeted cost information for its activities follows. Budgeted Cost $ 210,600 Activity Cost Driver Purchase orders Square feet Budgeted Activity Usage 5,400 purchase orders 5,900 square feet 50 Setups Factory services 104,250 Setup 67,750 Setups Compute an activity rate for each activity. (Round your answers to 2 decimal places.) Activity Purchasing Activity Purchasing Factory services Setup Budgeted Cost 210,600 104,250 67,750 $ $ $ Budgeted Activity Usage Activity Rate

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