D Question 9The Conrad Company uses a normal job-costing system at its New Brunswick plant. Its job-costing system has twodirect-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool(the machining department overhead, allocated to jobs based on machine-hours). The 2020 budget and actualnumbers for the plant are as follows:Tim1 HBudgeted ActualManufacturing Overhead$2,530.000 $2,400,000Direct Manufacturing Labor Cost$1,560,000 $1.720,000Direct Manufacturing Labor270,000 280,000HoursMachine-Hours72,30080,000During February, the job-cost record for Job 494 contained the following:Direct Materials Used$14,500Direct Manufacturing LaborCosts$27,800270,000280,000Hours72,30080.000Machine-HoursDuring February, the job-cost record for Job 494 contained the following:Direct Materials Used$14,500Direct Manufacturing Labor$27,800CostsDirect Manufacturing Labor-1,250HoursMachine-Hours540The total manufacturing costs for Job 494 are:$61.200O $59.377.50.$58,500O $42,300

Overhead rate = Actual manufacturing overheads/ Actual machine hours Note :In absence of any…

The Conrad Company uses a normal job-costing system at its New Brunswick plant. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool (the machining department overhead, allocated to jobs based on machine-hours). The 2020 budget and actual numbers for the plant are as follows: Budgeted Actual Manufacturing Overhead $2.530.000 $2.400,000 Direct Manufacturing Labor Cost $1.560.000 $1.720.000 Direct Manutacturing Labor 270,000 280,000 Hours Machine-Hours 72.300 80,000 During February, the job-cost record for Job 494 contained the following: Direct Materials Used $14.500 Direct Manufacturing Labor osts $27.800 270,000 280,000 Hours 72.300 80,000 Machine-Hours

The Conrad Company uses a normal job-costing system at its New Brunswick plant. Its job-costing system has two direct-cost categories (direct materials and direct manufacturing labor) and one manufacturing overhead cost pool (the machining department overhead, allocated to jobs based on machine-hours). The 2020 budget and actual numbers for the plant are as follows: Budgeted Actual Manufacturing Overhead $2.530.000 $2.400,000 Direct Manufacturing Labor Cost $1.560.000 $1.720.000 Direct Manutacturing Labor 270,000 280,000 Hours Machine-Hours 72.300 80,000 During February, the job-cost record for Job 494 contained the following: Direct Materials Used $14.500 Direct Manufacturing Labor osts $27.800 270,000 280,000 Hours 72.300 80,000 Machine-Hours

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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