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 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 vear Actual direct labor hours (DLH) for the year: S105 840 S186.000 3,600 DLH $99 760 2,950 DLH The company bases its manufacturing overhead allocation on olrect labor hous How much manufacturing overhead was allocated to production n 2016? Oa $105,816 O.b. $86,730 4: 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. $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
The Quadrangle Fabrication Plant suffered a fire incident at the beginning of the year, which resulted in the loss of property including the accounting records. Some data for the year were retrieved, and extracts from it are shown below: Total manufacturing overhead costs estimated at the beginning of the year $102,940 Total direct labor costs estimated at the beginning of the year $184,000 Total direct labor hours estimated at the beginning of the year 3,300 direct labor hours Actual manufacturing overhead costs for the year $98,770 Actual direct labor costs for the year $150,000 Actual direct labor hours for the year 2,500 direct labor hours The company's manufacturing overhead allocation is based on direct labor hours. How much manufacturing overhead was allocated to production during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) Question content area…
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Need help with the questions. The last question was find the Net income during the year.
Equinox Fabrication Plant suffered a fire incident in August due to which most of the records for the year were destroyed. The following accounting data for the year that were recovered: Total manufacturing overhead estimated at the beginning of the year $105,840 Total direct labor costs estimated at the beginning of the year $186,000 Total direct labor hours estimated at the beginning of the year 3,600 direct labor hours Actual manufacturing overhead costs for the year $99,760 Actual direct labor costs for the year $142,000 Actual direct labor hours for the year 2,950 direct labor hours The company bases its manufacturing overhead allocation on direct labor hours. Calculate the predetermined overhead allocation rate for the year?
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Quick assistance please
How much is the estimated maufacturing overhead at the beginning of the year which was used in the predetermined overhead rate? *please present in good accounting form.
A tornado touched down and destroyed most of a company's facilities. However, the controller and the cost accountant were able to recover a small part of manufacturing cost data for the current and prior month. They need records in order to file an insurance claim. This is the data they were able to recover: Direct Labor Cost $250,000 Purchase of Raw Materials $365,000 Raw Materials used for the month S350,000 Sales for the month $1,240,000 Gross Profit Ratio 40% of sales Cost of goods available for sale $770,000 Manufacturing overhead was 60% of direct labor Inventories at the end of the prior month: Finished Goods $38,000; Work in Process $25,000; and Raw Materials $19,000. Instructions: Calculate the amount of cost in the Raw Materials, Work in Process, and Finished Goods Inventory (in other words, the ending balance in these accounts) for the current month (when the tornado took place) using the information above. What analysis or conclusions can you make from the data? Can the…
[The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $29,800 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.90 per machine-hour. Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following additional information to enable calculating departmental overhead rates: Direct materials Direct labor cost Actual machine-hours used: Molding…