TB MC Qu. 5-63 (Algo) Manufacturing overhead: Metal CompanyMetal Company budgeted $564,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing overhead:Budgeted Level for CostDriverOverhead Cost PoolMaterials handlingBudgeted OverheadDirect laborDirect materialsMachine setupMachine hoursInspectionsCost$164,00014,4001,80015,000Machine setupMachine repairInspectionsRequirements for Job # 971 which manufactured 4 units of product:20 hours220 pounds40 setups15,900 machine hours15 inspectionsSaved4,100 pounds480 setups30,000 machine hours250 inspectionsOverhead Cost DriverWeight of materialsNumber of setupsMachine hoursNumber of inspectionsIf Metal Company uses a volume-based overhead rate based on direct labor hours, the manufacturing overhead for Job # 971 is:

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Description: TB MC Qu. 5-63 (Algo) Manufacturing overhead: Metal CompanyMetal Company budgeted $564,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing overhead:Budgeted Level for CostDriverOverhead Cost PoolMaterials ha

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TB MC Qu. 5-63 (Algo) Manufacturing overhead: Metal Company Metal Company budgeted $564,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing overhead: Budgeted Level for Cost Driver Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $164,000 14,400 1,800 15,000 Requirements for Job # 971 which manufactured 4 units of product: Direct labor Direct materials Machine setup Machine hours Inspections 20 hours 220 pounds 40 setups 15,900 machine hours 15 inspections 4,100 pounds 480 setups 30,000 machine hours. 250 inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections If Metal Company uses a volume-based overhead rate based on direct labor hours, the manufacturing overhead for Job # 971 is:

TB MC Qu. 5-63 (Algo) Manufacturing overhead: Metal Company Metal Company budgeted $564,000 manufacturing direct wages, 2,000 direct labor hours, and had the following manufacturing overhead: Budgeted Level for Cost Driver Overhead Cost Pool Materials handling Machine setup Machine repair Inspections Budgeted Overhead Cost $164,000 14,400 1,800 15,000 Requirements for Job # 971 which manufactured 4 units of product: Direct labor Direct materials Machine setup Machine hours Inspections 20 hours 220 pounds 40 setups 15,900 machine hours 15 inspections 4,100 pounds 480 setups 30,000 machine hours. 250 inspections Overhead Cost Driver Weight of materials Number of setups Machine hours Number of inspections If Metal Company uses a volume-based overhead rate based on direct labor hours, the manufacturing overhead for Job # 971 is:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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