Question: The following costs were incurred in March: Direct materials $38,000 Direct labor $29,000 Manufacturing overhead $21,000 Selling expenses $17,000 Administrative expenses $32,000 Conversion costs during the month totalled
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- A company estimates its manufacturing overhead will be $840,000 for the next year. What is the predetermined overhead rate given each of the following Independent allocation bases? Budgeted direct labor hours: 90,615 Budgeted direct labor expense: $750000 Estimated machine hours: 150,000Question: The following costs were incurred in March: Direct materials $38,000 Direct labor $29,000 Manufacturing overhead $21,000 Selling expenses $17,000 Administrative expenses $32,000 Conversion costs during the month totalledCost
- The following costs were incurred in May: Direct materials $ 47,900 $ 36,000 $ 30,200 $ 20,800 $ 32,300 Direct labor Manufacturing overhead Selling expenses Administrative expenses Conversion costs during the month totaled:provide the correct answrThe following costs were incurred in May: Direct materials $44,600 Direct labor $28,900 $18,400 Manufacturing overhead Selling expenses Administrative expense $23,200 $35,000 Prime costs during the month totaled: Multiple Choice $150,100 O $91,900 $47,300 $73,500
- Please solve this MCQs The following costs were incurred in May: Direct materials $ 43,100 Direct labor $ 24,800 Manufacturing overhead $ 18,100 Selling expenses $ 20,300 Administrative expense $ 28,700 Prime costs during the month totaled: $135,000 $86,000 $42,900 $67,900The following costs were incurred in May: Direct materials $33,000 Direct labor $13,000 Manufacturing overhead $23,000 Selling expenses $16,000 Administrative expenses $34,000 Prime costs during the month totaled: Multiple Choice $69,000 $46,000 $119,000 $36,000The following costs were incurred during the month of June: Direct Materials $34,000 Direct Labor $72,000 Variable Manufacturing Overhead $3,000 Fixed Manufacturing Overhead $16,000 Selling Expenses $13,000 Administrative Expenses $16,000 What were the total inventoriable costs for June?
- Machine-hours 61,000Manufacturing overhead cost $ 1,324,000Inventories at year-end:Raw materials $ 16,000Work in process (includes overhead applied of $115,900) $ 188,000Finished goods (includes overhead applied of $208,620) $ 338,400Cost of goods sold (includes overhead applied of $834,480) $ 1,353,600The predetermined overhead rate was based on a cost formula that estimates $1,368,000 of total manufacturing overhead for an estimated activity level of 72,000 machine-hours.Assume that the company allocates any underapplied or overapplied overhead proportionally to Work in Process, Finished Goods, and Cost of Goods Sold. Prepare the appropriate journal entry.What is the journal entry amount?I have the entries ( COGS & Finished Goods).The cost of materials put into production in a department during the month totaled P188,400. By the end of the month, these materials had been used for 32,000 units, of which 29,000 were completed and transferred out and 3,000 were in process. 80% of materials were added to the units in process. What is the equivalent unit of production for materials? a. 31,400 b. 32,000 c. 29,600 d. 31,000 What is the cost per equivalent unit for materials? a. P5.89 b. P6.00 c. P6.36 d. P6.50Mountain tops applies overhead on the basis of direct labor hours and reports the following information: Budget Actual Overhead $450,000 $452, 000 Direct Labor Hours 75,000 77,000 Direct Materials $195,000 Direct Labor 333,000 A. What is the predetermined overhead rate? B. How much overhead was applied during the year? C. Was overhead over applied, or under applied and by how much?
