The Chronicle Fabrication Plant had a fire at the beginning of 2019 and most of the records for the year 2018 were lost. Some data for the year 2018 were located by the accountants and are shown below. Total manufacturing overhead estimated at the beginning of the year Total direct labor costs estimated at the beginning of the year. Total direct labor hours (DLH) estimated at the beginning of the year: Actual manufacturing overhead costs for the year Actual direct labor costs for the year: Actual direct labor hours (DLH for the year $105,840 $186 000 3,600 DLH $99 760 $142,000 2.950 DLH The company bases its manufacturing overhead allocation on direct labor hours. How much manufacturing overhead was allocated to production in 20167 $4105,816 1730 OGS81.745 d 599,769

The Chronicle Fabrication Plant had a fire at the beginning of 2019 and most of the records for the year 2018 were lost. Some data for the year 2018 were located by the accountants and are shown below. Total manufacturing overhead estimated at the beginning of the year Total direct labor costs estimated at the beginning of the year. Total direct labor hours (DLH) estimated at the beginning of the year: Actual manufacturing overhead costs for the year Actual direct labor costs for the year: Actual direct labor hours (DLH for the year $105,840 $186 000 3,600 DLH $99 760 $142,000 2.950 DLH The company bases its manufacturing overhead allocation on direct labor hours. How much manufacturing overhead was allocated to production in 20167 $4105,816 1730 OGS81.745 d 599,769

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 11PA: When setting its predetermined overhead application race, Tasty Box Meals estimated its overhead...

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The Chronicle Fabrication Plant had a fire at the beginning of 2019 and most of the records for the year 2018 were lost. Some data for the year 2018 were located by the accountants and are shown below. Total manufacturing overhead estimated at the beginning of the year. $105,840 Total direct labor costs estimated at the beginning of the year. Total direct labor hours (DLH) estimated at the beginning of the year: 3,600 DLH| Actual manufacturing overhead costs for the year. Actual direct labor costs for the year: Actual direct labor hours (DLH) for the year. $186,000 $99,760 $142,000 2,950 DLH Using direct labour hours as the cost driver, the journal entry to dispose of the manufacturing overhead variance is: O a. Dr. Manufacturing Overhead $13,030 and Cr. COGS $13,030 O b. Dr. Manufacturing overhead $6,080 and Cr. COGS $6,080 O c. Dr. WIP $1,0800 and Cr. Manufacturing Overhead $6,080 O d. Dr. COGS $13,030 and Cr. Manufacturing Overhead $13,030
The Chronicle Fabrication Plant had a fire at the beginning of 2019 and most of the records for the year 2018 were lost. Some data for the year 2018 were located by the accountants and are shown below. Total manufacturing overhead estimated at the beginning of the year: $105,840 Total direct labor costs estimated at the beginning of the year. Total direct labor hours (DLH) estimated at the beginning of the year. 3,600 DLH Actual manufacturing overhead costs for the year. Actual direct labor costs for the year: Actual direct labor hours (DLH) for the year. $186,000 $99,760 $142,000 2,950 DLH The company bases its manufacturing overhead allocated to production in 2016? ocation on direct labor hours. How much manufacturing overhead was a. $81,745 O b. $86,730 O. $99,769 O d. $105,816
Quick assistance please
Quick assistance please
The Quadrangle Fabrication Plant had a fire at the beginning of 2013 and most of the records for the year 2012 were lost. Some data for the year 2012 were located by the accountants and are shown below. Total manufacturing overhead estimated at the beginning of the year: Total direct labor costs estimated at the beginning of the year: Total direct labor hours (DLH) estimated at the beginning of the year: Actual manufacturing overhead costs for the year: Actual direct labor costs for the year: Actual direct labor hours (DLH) for the year: S105,840 $186,000 3,б00 DLH $99.760 $142,000 2,950 DLH The company bases its manufacturing overhead allocation on direct labour hours. What was the predetermined manufacturing overhead allocation rate for 2012?
Win Company fabricated equipment for its office use in the company’s plant during 2019. The following data were taken from the company’s records of materials and direct labor, respectively: 1. Finished Goods: Materials- P1,000,000; Direct Labor- P1,500,000 2. Office equipment: Materials- P600,000; Direct Labor- P500,000 Factory overhead for the period amounted to P1,200,000. Normal production of the finished goods is 50,000 units. Due to the fabrication of the office equipment, finished goods produced totaled 35,000 units only during 2019. The office equipment is to be charged with the overhead which would have been apportioned to the 15,000 units that were not produced. What is the cost of the equipment after apportionment of factory overhead?
i)Compute Fielder’s predetermined manufacturing overhead rate for 2020. ii)State the journal entries necessary to record the above transactions in the general journal: a)For direct materials used in February b)For indirect material issued to production in February c)For total manufacturing labour incurred in February d)To assign manufacturing labour to the appropriate accounts e)For other manufacturing overhead incurred f)For manufacturing overhead applied to production for February, given thatFieldermanufacturing company worked 2,750 machine hours. g)To move the completed jobs into finished goods inventory h)To sell the two completed jobs on account
North Country Industries manufactures Adirondack chairs. The company reported the following costs for June 2020. Item Cost Wood $164,630 Nails, glue, stain $14,290 Indirect manufacturing labor $40,640 Depreciation on skill saws $4,720 Depreciation on delivery truck $2,010 Assembly-line workers wages $49,960 Prepare the journal entries for the overhead costs incurred. Assume labor has been incurred by not yet paid. Record the entries in the order they appear in the chart above.Journal Date Description Debit Credit June 30 June 30 June 30 June 30 June 30 June 30
During the month of March 2019, Lagmay incurred the following manufacturing costs: Direct Materials - P60, Direct Labor - P80,000, and Factory Overhead - P40,000. The Cost of Goods Manufactured was P190,000 and ending Work in Process Inventory was P30,000. How much is the beginning Work in Process Inventory?
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Can somebody check my work on the attached image that I have done so far? Additionally, I am having trouble filling out what to enter into the blank light and blue boxes (where applicable, for journal entries, some of the dark blue should be left blank). I need help with those. Thanks!
On November 30, 2022, there was a fire in the factory of Able Manufacturing Limited, where you work as the controller. The work in process inventory was completely destroyed, but both the materials and finished goods inventories were undamaged. Able uses normal job-order costing and its fiscal year end is December 31. Selected information for the periods ended October 31, 2022, and November 30, 2022, follows: October 31, 2022 November 30, 2022 Supplies (including both direct and indirect materials) $ 79,250 $ 73,250 Work in process inventory 58,875 ? Finished goods inventory 60,000 63,000 Cost of goods sold (year to date) 576,000 656,000 Accounts payable (relates to materials purchased only) 17,960 53,540 Manufacturing overhead incurred (year to date) 129,500 163,300 Manufacturing overhead applied 128,700 ? Other information for November 2022: Cash payments to…