find correct options Question:34Perl Corp. applies to manufacturing overhead costs to productsat a budgeted indirect-cost rate of $55 per direct manufacturinglabor hour. A retail outlet has requested a bid on a special orderof a necklace. Estimates for this order include: Direct materialsof $46,000; 400 direct manufacturing labor- hours at $15 perhour; and a 50% markup rate on total manufacturing costs.The bid price for this special order is:a. $78,000.b. $62,000.c. $111,000.d. $102,000.

Answered: Question:34 Perl Corp. applies to…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...

See similar textbooks

Similar questions

Johnson Supplies applies manufacturing overhead costs to products at a budgeted indirect-cost rate of$60 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of the Toy product. Estimates for this order include: Direct materials $40,000; 500 direct manufacturing labor-hours at $20 per hour; and a 20% markup rate on total manufacturing costs.Manufacturing overhead cost estimates for this special order total: a. $30,000 b. $36,000 c. $10,000 d. None of these answers is correct. Charles Seating Inc., manufactures car seats. Its costing system utilizes two cost categories, direct materials and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production.Data for Department A for February 2017 are:Work in process, beginning inventory, 30% converted.............. 200 unitsUnits started during…
Caropa Suppliers applies manufacturing overhead costs to products at a budgeted indirect-cost rate of$60 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of the Toy product. Estimates for this order include: Direct materials $40,000; 500 direct manufacturing labor-hours at $20 per hour; and a 20% markup rate on total manufacturing costs.Required: Estimated total manufacturing costs for this special order equal: a. $50,000 b. $96,000 c. None of these answers is correct. d. $80,000
Caropa Suppliers applies manufacturing overhead costs to products at a budgeted indirect-cost rate of$60 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of the Toy product. Estimates for this order include: Direct materials $40,000; 500 direct manufacturing labor-hours at $20 per hour; and a 20% markup rate on total manufacturing costs.Required: Estimated total product costs for this special order equal:
A company has received a special order from a customer to make 5,000 units of acustomized product. The direct materials cost per unit of the customized product is$15, the direct labor cost per unit is $5, and the manufacturing overhead per unit is$18, including $6 of variable manufacturing overhead. If the company has sufficientavailable manufacturing capacity, what is the minimum price that can be accepted forthe special order?a. $24 c. $32b. $26 d. $38
15) Corp applies O/H to products at a budgeted indirect-cost rate of $60 per DLH. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: DM of $50,000; 400 DLH at $20 per hour; and a 30% markup rate on total manufacturing costs. Estimated total product costs for this order equal
Course: Costs and Budgeting A company requires 60,000 units of a certain component. The fixed costs to manufacture this component are US$ 150,000. The variable cost (VC) of manufacturing is US$ 20 each.A supplier offers the same part at US$ 22 ea.Which is better to buy or to manufacture? Explain your answer
Pearl Corp. applies manufacturing overhead costs to products at a budgeted indirect-cost rate of $60 per direct manufacturing labor- hour. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: Direct materials of $50,000; 400 direct manufacturing labor-hours at $20 per hour; and a 30% markup rate on total manufacturing costs. Compute estimated total product costs for this special order (not bid price). Example of Answer: 4000 (No comma, space, decimal point, or $ sign)
How much is the over/underapplied FOH? Indicate whether over/underapplied. Ex. 123456 Overapplied or 123456 Underapplied A company manufactures plastic products for the home and restaurant market. The company also does contract work for other customers and utilizes a job order costing system. The flexible budget covering next years' expected range of activity is: 50,000 40,000 80,000 64,000 P100,000 P160,000 P220,000 150,000 Р250,000 Р310,000 Р370,000 Direct Labor Hours 110,000 88,000 Machine Hours Variable OH Costs Fixed OH Costs 150,000 150,000 Total OH Costs A predetermined overhead rate is based on direct labor hours is used to apply total overhead. Management has estimated that 100,000 direct labor hours will be used next year. At the end of the year, actual direct labor hours for the year were 112,375 hours and the actual manufacturing overhead for the year was P412,525.
Give true answer
Crandle Corp. applies manufacturing overhead costs to products at a budgeted indirect-cost rate of $55 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: ef $37.000; 600 direct manufacturing labor - hours at $30 per hour, and a 30% markup rate on total manufacturing costs. Estimated total product costs for this special order equal OA S70,000 OB $114,400 OC S88,000 OD. S55.000 O Time Remaining: 02:10:08 Next 24 7. 8. 6 2
Ind
14) What is operating income using variable costing? A) $52,500 B) $78,750 C) $65,750

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

Principles of Cost Accounting

Accounting

ISBN:

9781305087408

Author:

Edward J. Vanderbeck, Maria R. Mitchell

Publisher:

Cengage Learning

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Managerial Accounting: The Cornerstone of Busines…

Accounting

ISBN:

9781337115773

Author:

Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS