total manufacturing overhead costs
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- Summary information from a companys job cost sheets shows the following information: What are the balances in the work in process inventory, finished goods Inventory, and cost of goods sold for April, May, and June?Daytona Beverages Inc. uses the FIFO cost method and adds all materials, labor, and factory overhead evenly to production. A record of the factory operations for October follows: Required: Prepare a cost of production summary for the month.Channel Products Inc. uses the job order cost system of accounting. The following is a list of the jobs completed during March, showing the charges for materials issued to production and for direct labor. Assume that factory overhead is applied on the basis of direct labor costs and that the predetermined rate is 200%. Required: Compute the amount of overhead to be added to the cost of each job completed during the month. Compute the total cost of each job completed during the month. Compute the total cost of producing all the jobs finished during the month.
- Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: a. Prepare a cost of goods manufactured statement for March. b. Determine the cost of goods sold for March.Monterrey Products Co. uses the process cost system. A record of the factory operations for the month of October follows: Required: Prepare a cost of production summary, assuming that the production losses are considered to be normal.Eclipse Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: a. Determine the factory overhead rate for Factory 1. b. Determine the factory overhead rate for Factory 2. c. Journalize the entries to apply factory overhead to production in each factory for August. d. Determine the balances of the factory overhead accounts for each factory as of August 31, and indicate whether the amounts represent over- or underapplied factory overhead.
- Sage Hill Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information: (a) $16,900 Manufacturing overhead $ 13,870 4,540 54,120 88,640 152,080 9,400 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used Determine the total amount of manufacturing overhead. $76,280 50,620 2,750 1,490 2,200 16,500 2,860Metlock Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information $13,300 10.870 3,340 Manufacturing overhead 42,120 69,440 118,480 7,000 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used Determine the total amount of manufacturing overhead.. $59,480 39,820 2.150 1,130 1,720 12.900 2,260 suKnight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information: (b) (a) Your answer is correct. Manufacturing overhead eTextbook and Media Determine the total amount of manufacturing overhead. $15,500 12,650 3,800 48,900 80,800 137,600 Product costs Determine the total amount of product costs. Save for Later Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising 8,000 Office supplies used 170350 $69,100 46,400 2,500 1,300 2,000 15,000 2,640 Attempts: 1 of 5 used Attempts: 0 of 5 used Submit Answer
- Glass Doctor Company manufactures sunglasses. Following is a list of costs the company incurred during September. E (Click the icon to view the items.) Use the list to calculate the total manufacturing overhead costs for the month. Data Table Glue for frames 150 Depreciation on company cars used by sales force 3,000 Plant depreciation 7,000 Interest Expense 3,500 Lenses 52,000 Total Manufacturing Overhead Company president's salary 24,500 Plant foreman's salary 4,000 Plant janitor's wages 1,200 Oil for manufacturing equipment 50 Activate Windows Go to Settings to activate Windows. Choose from any list or enter any number in the input fields and then continue to Print DoneAccounting for overheadOak Outdoor Furniture manufactures wood patio furniture. If the company reports the following costs for June 2018, what is the balance in the Manufacturing Overhead account before overhead is allocated to jobs? Assume that the labor has been incurred, but not yet paid. Prepare journal entries for overhead costs incurred in June.Skysong Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information: $17,500 14,370 4,740 56,120 91,840 157,680 9,800 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used $79,080 52,420 2,850 1,550 2,280 17,100 2,960