The Madalilangto Ink Company prepared the following table for the year 2019: Production Service Departments Departments H G U V 250,000 100,000 350,000 157,500 61,000 Rent 770,000 15,000 14,500 7,000 Repairs 120,500 23,000 30,000 7,500 Fuel 420,000 9,500 7,000 6,000 Indirect Labor 170,000 145,000 100,000 97,500 Indirect 56,500 127,000 94,500 60,000 Materials Heat and Light 202,500 151,200 9,000 3,000 6,000 1,500 7,500 2,000 Depreciation Miscellaneous 94,000 60,000 71,300 50,500 500 500 500 Following is the result of the factory survey regarding service departments: [A] Department U services G, V, and W in the ratio of 2:1:1, respectively; [B] Department V services Department H, G, U, and W in the ratio of 4:3:2:1, respectively; [C] Department W services Department H and G in the ratio of 3:1, respectively.

The Madalilangto Ink Company prepared the following table for the year 2019: Production Service Departments Departments H G U V 250,000 100,000 350,000 157,500 61,000 Rent 770,000 15,000 14,500 7,000 Repairs 120,500 23,000 30,000 7,500 Fuel 420,000 9,500 7,000 6,000 Indirect Labor 170,000 145,000 100,000 97,500 Indirect 56,500 127,000 94,500 60,000 Materials Heat and Light 202,500 151,200 9,000 3,000 6,000 1,500 7,500 2,000 Depreciation Miscellaneous 94,000 60,000 71,300 50,500 500 500 500 Following is the result of the factory survey regarding service departments: [A] Department U services G, V, and W in the ratio of 2:1:1, respectively; [B] Department V services Department H, G, U, and W in the ratio of 4:3:2:1, respectively; [C] Department W services Department H and G in the ratio of 3:1, respectively.

Name: Compute for the total Factory overhead cost of H Department USING DIRE
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Compute for the total Factory overhead cost of H Department USING DIRECT METHOD. The Madalilangto Ink Company prepared the following table for the year 2019:ProductionService DepartmentsDepartmentsHGUVRent770,000120,500420,000170,000250,00015,00014,5

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor costs to allocate overhead costs.
24: Seat Belt Inc., produces three sizes of seat belts: small, medium, and large. A seat belt pattern is first stenciled onto fabric in the Pattern Department. The stenciled patterns are then sent to the Cut and Sew Department, where the seat belt is cut and sewed together. Seat Belt Inc. uses the multiple production department factory overhead rate method of allocating factory overhead costs. Its factory overhead costs were budgeted as follows: Overhead Dollars Direct Labor Hours Pattern Department: Cut and Sew Department Overhead: 40,000 dh 60,000 dlb $300,000 $600,000 $900,000 Totals: 100,000 The Company decides to use the Multiple Department Overhead method, and Direct Labor Hours are used to allocate the overhead. We know the following for each type of seatbelt: Small Medium 1.0 dlh 1.5 dlb 2.5 dlh Large 2.0 dlh 3.0 dlb 5.0 dla Pattern Department: Cut and Sew Department: 1.5 dla 2.5 dlh 4.0 dlk Total Per Unit Part I: Calculate the Departmental Factory Overhead Rate for each…
Please organize the list (picture) into the corresponding categories: Product Cost: Direct Materials Product Cost: Direct Labor Product Cost: Manufacturing Overhead Period Cost: Selling Expense Period Cost: Administrative Expense
The process of assigning overhead costs to the jobs that are worked on is commonly called: O A. Overhead cost distribution B. Overhead cost apportionment C. Service department cost allocation D. Overhead application
During production, how are the costs in process costing accumulated?A. to cost of goods soldB. to each individual productC. to manufacturing overheadD. to each individual department
Determine the following is best described as a fixed, variable, or mixed cost with respectto product units. Factory supervisor’s salary.
In activity-based costing, the activity rate for an activity cost pool is computed by dividing the total overhead cost in the activity cost pool by: Multiple Choice the direct labor-hours required by the product. the machine-hours required by the product. the total activity for the activity cost pool. the total direct labor-hours for the activity cost pool.
When computing the cost per equivalent unit under the wighted-average method of process costing, the cost per equivalent unit for direct material is computed by dividing the total direct-material cost by the total equivalent units. True or False?
Which costing method is likely to provide the most accurate product cost? a. Volume-based costing using direct labor hours to allocate overhead b. Volume-based costing using a plantwide overhead rate c. Normal costing using a plantwide overhead rate d. Activity-based costing
Which of the following is the correct formula to compute the predetermined overhead rate? a. Estimated total manufacturing overhead costs divided by actual total units in the allocation base. b. Estimated total manufacturing overhead costs divided by estimated total units in the allocation base. C. Actual total manufacturing overhead costs divided by estimated total units in the allocation base. O d. Estimated total units in the allocation base divided by estimated total manufacturing overhead costs.
1. Overhead is most often applied to production on the basis ofa. direct labor hours.b. machine hours.c. raw material usage.d. number of units made.e. direct labor costs.
THIS is cOST ACCOUNTING FOR FACTORY OVERHEAD. PLEASE ANSWER AND SHOW SOLUTIONS