Mazoon Leather Company decided to use a multiplepredetermined overhead rate to apply manufacturingoverhead to jobs. The predetermined overhead rate chosen islabor hours for Primary Treatment Department and machine-hours for Secondary Treatment Department. The accountingrecords shows the following estimates made at the beginningstionreddout ofof the year:onPrimary SecondaryTreatmert TreatmentManufacturing overhead cost$120,000$ 60,000Machine-hours4,00030,000Direct labor-hours12,0006,000Direct labor cost$ 20,000$ 40,000What predetermined overhead rates would be used inMazoon Leather for Primary Treatment Department andSecondary Treatment Department, respectively?600% and $2 ADEMIC)ATTENDANCETime left 1:56:57Primary SecondaryTreatmentTreatmentManufacturing overhead cost$120,000$ 60,000Machine-hours4,00030,000Direct labor-hours12,0006,000Direct labor cost$ 20,000$ 40,000FiWhat predetermined overhead rates would be sed inMazoon Leather for Primary Treatment Department andSecondary Treatment Department, respectively?а.600% and $2O b. $6 and 150%O c.$10 and 150%O d. $10 and $2O e.None of the given answers

Primary Secondary Treatment Treatment Manufacturing overhead cost $120,000 $ 60,000 Machine-hours 4,000 30,000 Direct labor-hours 12,000 6,000 Direct labor cost $ 20,000 $ 40,000 Fi What predetermined overhead rates would be sed in Mazoon Leather for Primary Treatment Department and Secondary Treatment Department, respectively? O a. 600% and $2 O b. $6 and 150% O c. $10 and 150% O d. $10 and $2

Primary Secondary Treatment Treatment Manufacturing overhead cost $120,000 $ 60,000 Machine-hours 4,000 30,000 Direct labor-hours 12,000 6,000 Direct labor cost $ 20,000 $ 40,000 Fi What predetermined overhead rates would be sed in Mazoon Leather for Primary Treatment Department and Secondary Treatment Department, respectively? O a. 600% and $2 O b. $6 and 150% O c. $10 and 150% O d. $10 and $2

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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The overheads of the following cost centers of Kukrudu Co Ltd are as follows: Assembly Packing Stores Maintenance Overhead 10,030 8970 10,000 8,000 Overheads of the Service Department are to be apportioned as follows: Assembly Packing Stores Maintenance Stores Stores 30% 50% - 20% Maintenance 80% 10% 10% - Calculate Total overheads of the Production cost centers, using Repeated Distribution method.
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iven a predetermined overhead rate of $1.60 per direct labor hour, a capacity of 50,000 hours and 42,000 actual hours, the cost of unused capacity is
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O e. $2,636 Company XYZ uses machine hours to allocate its manufacturing overhead. The company estimates that total machine hours to be operated next year are 190,000 hours. The estimated variable overhead is $9 per hour and the estimated fixed overhead costs are $152,000. Calculate the predetermined overhead rate. Select one: O a. $10.80 O b. $9.80 O c. $0.10 O d. $0.80 O e. None of the answers given Finish attempt . ge OADUa Prisc F9 F6 F7 F3 F4 F2 23 24 8 6 3
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Test and Pack Department 120,000 Total $306,000 The direct labor information for the production of 7,500 units of each product is as follows: Assembly Department Test and Pack Department Blender 750 dlh 2,250 dlh Toaster oven 2,250 750 Total 3,000 dlh 3,000 dlh Four Finger Appliance used direct labor hours to allocate production department factory overhead to products. If required, round all per unit answers to the nearest cent. a. Determine the two production department factory overhead rates. Assembly Department per direct labor hour Test and Pack Department per direct labor hour b. Determine the total factory overhead and the factory overhead per unit allocated to each product. Product Total Factory Overhead Factory Overhead Per Unit Blender Toaster oven
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Compute Manufacturinh Overhead costs: Electricity for Factory- 15,800 Labor- 31,000 Rent for factory- 23,000 Insurance on factory- 1,400 glass for bulbs- 55,200 cardboard for packaging- 7,000 Is my cost driver Labor 31,000? Wha tare my units? Estimated total Manufacturing overhead?Estimated total hours?
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