Swifty Corporation manufactures customized desks. The following pertains to Job No. 978: Direct materials used $24450 Direct labor hours worked 560 Direct labor rate per hour $15.00 Machine hours used 500 Applied factory overhead rate per machine hour $22.00 What is the total manufacturing cost for Job No. 978?

Swifty Corporation manufactures customized desks. The following pertains to Job No. 978: Direct materials used $24450 Direct labor hours worked 560 Direct labor rate per hour $15.00 Machine hours used 500 Applied factory overhead rate per machine hour $22.00 What is the total manufacturing cost for Job No. 978?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: A Shoes manufacturing business produces quality customized footwear to client's orders. The units…

A: Let the total cost be X Total cost = Direct material + Direct labour + Overhead cost + General…

Q: Cozy, Inc., manufactures small and large blankets. It estimates $420,500 in overhead during the…

A: The predetermined overhead rate is calculated by dividing the estimated total manufacturing overhead…

Q: Deer Lake Inc. uses a job order costing system with manufacturing overhead applied to products at a…

A: Step 1: Case 1: Case 1Direct Material Used $21,200Direct Labor $26,700Manufacturing Overhead Applied…

Q: K A furniture corporation manufactures two models of furniture Standard and Deluxe. The total…

A: Predetermined Overhead Rate :— It is the rate used to allocate manufacturing overhead cost to cost…

Q: Assuming only Job# 2 and 3 were completed and sold, what is the cost of goods sold at year end?…

A: Job Costing is the method of costing which generally used to determine the cost of the specific…

Q: 3.2-97 Full Alternative Text The following data at April 30, 2018, are given for Best Jobs…

A: An unadjusted trial balance does not consist of the adjustment, for example, accrued revenues,…

Q: Custom and other metal parts to customer specifications. The com- pany uses a job-order costing…

A: Since you have asked only requirement 3, I am answering it alone. If you want any specific question…

Q: Maverick Company makes custom covers for air conditioning units for homes and businesses. The…

A: Here activity based costing techniques is to be used for allocation

Q: Marigold, Inc. considers machine hours to be the best activity base for applying its manufacturing…

A: Overhead applied is calculated on the basis of predetermined overhead rate and actual overhead. It…

Q: Coronado Company manufactures two products, Mini A and Maxi B. Coronado's overhead costs consist of…

A: Activity Based Costing -Activity Based Costing Is a Method Of Assigning Indirect And Overhead Costs…

Q: Tik Tok Company manufactures customized coffee tables. The following relates to Job No. X10, an…

A: Manufacturing cost: It can be defined as the sum total of all the expenses that are directly related…

Q: Cale's Crales manufactures calom orales for a variety of uses. The following data have been recorded…

A: Total manufacturing cost includes all expenses incurred in the production of goods, encompassing…

Q: 41A Implementation and analysis of departmental rates (Learning Objective 1) Hughes Products…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Please provide me answer fast too fast

A: Step 1: Introduction to Manufacturing Cost per Unit:In all manufacturing accounting systems, it is…

Q: What is the total manufacturing cost of Job 798?

A: Given that , Direct materials used = $4300 Direct labor hours worked = 370 machine hours used = 515…

Q: Bonita Company manufactures two products, Mini A and Maxi B. Bonita's overhead costs consist of…

A: Overhead means all type of indirect costs and expenses being incurred in business. Activity based…

Q: Copr. Goedl Sarah's Soda applies overhead based on departmental overhead rates. Job A1 had $3,900…

A: Cost per unit can be calculated by dividing total cost of job by the number of units in a job.

Q: Chapman Air Supply has two production departments, Assembly and Customizing. The company used the…

A: Predetermined Overhead Rate A predetermined overhead rate is calculated by dividing the estimated…

Q: Sheffield Corp. manufactures customized desks. The following pertains to Job No. 978: Direct…

A: Total Manufacturing cost: = Direct materials Add: Direct labor Add: Overhead

Q: Glenmont Company is attempting to determine costs associated with various jobs. Current production…

A: Total cost is the collective term for all costs associated with production, including both fixed and…

Q: Cate's Crates manufactures custom crates for a variety of uses. The following data have been…

A: PREDETERMINED OVERHEAD RATEPredetermined rate means an indirect cost rate.Predetermined overhead…

Q: 10. Ramona Diaz Ltd. produces two products, P1 and P2, at its two departments: Machining and…

A: The overhead is applied to the production on the basis of predetermined overhead rate. The…

Q: Bell Corporation manufactures computers. Assume that Bell: • allocates manufacturing overhead based…

A: The predetermined overhead rate can simply be referred to as rate used for allocating the…

Q: Hello, I need help with this question. The work I did was Rims: Direct materials: 17 Direct Labor:…

A: Unit product cost represents the total cost of producing one or a single unit. Calculation of unit…

Q: Managers at X company think machine hours is the best activity base for manufacturing overhead. The…

A: Predetermined overhead rate is the rate which is used to allocate overhead costs among different…

Question

Swifty Corporation manufactures customized desks. The following pertains to Job No. 978:

Direct materials used	$24450
Direct labor hours worked	560
Direct labor rate per hour	$15.00
Machine hours used	500
Applied factory overhead rate per machine hour	$22.00

What is the total manufacturing cost for Job No. 978?

$45350

$49350

$42050

$43850

Definition Definition Total cost of procuring or producing a product or the cost that an individual or business owner undertakes for the manufacturing of goods.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

Sheridan Company manufactures customized desks. The following pertains to Job No. 978: Direct materials used $11450 Direct labor hours worked 560 Direct labor rate per hour $15.00 Machine hours used 500 Applied factory overhead rate per machine hour $22.00 What is the total manufacturing cost for Job No. 978? $36350 $29050 $30850 $32350
Please answer fast i give upvote
! Required information Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below.] The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Beginning of period $ 45,000 9,600 68,000 End of Period Inventories Raw materials Work in process Finished goods $ 45,000 19,000 33,500 Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) Indirect materials used Indirect labor used Other overhead costs $ 178,000 250,000 9,000 57,500 115,500 Exercise 15-13 (Algo) Recording materials; direct and indirect LO P1, P3 1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used. Prepare journal entries for the above transactions for the period. X Answer is not complete. No Transaction General Journal…
Marigold Corp. manufactures customized desks. The following pertains to Job No. 978: Direct materials used $15450 Direct labor hours worked 160 Direct labor rate per hour $15.00 Machine hours used 100 Applied factory overhead rate per machine hour $22.00 What is the total manufacturing cost for Job No. 978? $20050 $21150 $21550 $18250
Please help me to solve this problem