The Quadrangle Fabrication Plant had a fire at the beginning of 2013 and most of the rec for the year 2012 were lost. Some data for the year 2012 were located by the account 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 S186,000 3,600 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?
The Quadrangle Fabrication Plant had a fire at the beginning of 2013 and most of the rec for the year 2012 were lost. Some data for the year 2012 were located by the account 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 S186,000 3,600 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?
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 2CMA
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![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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff64c9068-60cf-4593-8b76-f70f7eb46f8b%2F0f553916-e70a-4a13-b8d3-6d20d5ff087c%2Fr1xeb3r_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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?
![At the beginning of 2012, Conway Manufacturing Company had the following account
balances:
WIP Inventory
2,000
FG Inventory
8,000
Manufacturing O/H
During the year, the following transactions took place:
Direct materials placed in production:
$80,000
$190,000
$300,000
Manufacturing overhead allocated to production: $295,000
$500,000
$750,000
$440,000
Direct labor incurred:
Manufacturing overhead incurred
Cost of Jobs Completed
Selling Price of Jobs Sold
Cost of Jobs Sold
After these transactions have been recorded, the balance in the Finished Goods Inventory is a:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff64c9068-60cf-4593-8b76-f70f7eb46f8b%2F0f553916-e70a-4a13-b8d3-6d20d5ff087c%2Fmj8z7vs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At the beginning of 2012, Conway Manufacturing Company had the following account
balances:
WIP Inventory
2,000
FG Inventory
8,000
Manufacturing O/H
During the year, the following transactions took place:
Direct materials placed in production:
$80,000
$190,000
$300,000
Manufacturing overhead allocated to production: $295,000
$500,000
$750,000
$440,000
Direct labor incurred:
Manufacturing overhead incurred
Cost of Jobs Completed
Selling Price of Jobs Sold
Cost of Jobs Sold
After these transactions have been recorded, the balance in the Finished Goods Inventory is a:
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