Info for question in attached images Answer Choices for Q1a. $7,500b. $10,830c. $7,400d. $25,730 Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginning of the year to calculatepredetermined overhead rates:MoldingFinishingTotalEstimated total machine-hours (MHS)4,0001,0005,000$19,600$2,400$22,000Estimated total fixed manufacturing overhead costEstimated variable manufacturing overhead cost per machine-hour$ 1.10$ 2.10During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories. Data concerning those two jobsfollow:Job AJob M$13,600$20,700Direct materials$7,500Direct labor cost$7,400Molding machine-hoursFinishing machine-hours2,7001,300400600Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The total manufacturing cost assigned to Job M is closestto: (Round your intermediate calculations to 2 decimal places.) Juanita Corporation uses a job-order costing system and applies overhead on the basis of direct labor cost. At the end of October, Juanita had one job still in process. Thejob cost sheet for this job contained the following information:Direct materials$480Direct labor$150Manufacturing overhead applied$600An additional $100 of labor was needed in November to complete this job. For this job, how much should Juanita have transferred to finished goods inventory in Novemberwhen it was completed?Multiple Choice$1,230$1,330$500$1,730

Predetermined overhead rate = Total estimated manufacturing overhead / Total estimated machine hours…

Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding 4,000 $19,600 $ 1.10 Finishing Total Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per machine-hour 1,000 5,000 $2,400 $ 2.10 $22,000 During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job A Job M Direct materials $13,600 $7,500 $7,400 1,300 Direct labor cost $20,700 2,700 Molding machine-hours Finishing machine-hours 400 600 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The total manufacturing cost assigned to Job M is closest to: (Round your intermediate calculations to 2 decimal places.)

Opunui Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding 4,000 $19,600 $ 1.10 Finishing Total Estimated total machine-hours (MHs) Estimated total fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per machine-hour 1,000 5,000 $2,400 $ 2.10 $22,000 During the most recent month, the company started and completed two jobs--Job A and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job A Job M Direct materials $13,600 $7,500 $7,400 1,300 Direct labor cost $20,700 2,700 Molding machine-hours Finishing machine-hours 400 600 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The total manufacturing cost assigned to Job M is closest to: (Round your intermediate calculations to 2 decimal places.)

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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