Westbrook Manufacturing reports the following cost information for September: Cost of goods manufactured: $178,900 Direct materials used: $35,600 Work in process inventory, Sept 1: $28,700 Work in process inventory, Sept 30: $24,200 Direct labor incurred: $82,500 What is the amount of manufacturing overhead incurred by Westbrook Manufacturing in September? a. $35,600 b. $56,300 c. $82,500 d. $78,400

Westbrook Manufacturing reports the following cost information for September: Cost of goods manufactured: $178,900 Direct materials used: $35,600 Work in process inventory, Sept 1: $28,700 Work in process inventory, Sept 30: $24,200 Direct labor incurred: $82,500 What is the amount of manufacturing overhead incurred by Westbrook Manufacturing in September? a. $35,600 b. $56,300 c. $82,500 d. $78,400

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter1: Introduction To Cost Accounting

Section: Chapter Questions

Problem 8P: OReilly Manufacturing Co.s cost of goods sold for the month ended July 31 was 345,000. The ending...

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During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of $125,900. Overhead is applied at the rate of 75% of the direct labor cost. These are the inventory balances: Compute the cost of materials used in production, the cost of goods manufactured, and the cost of goods sold.
The records of Burris Inc. reflect the following data: Work in process, beginning of month2,000 units one-half completed at a cost of 1,250 for materials, 675 for labor, and 950 for overhead. Production costs for the monthmaterials, 99,150; labor, 54,925; factory overhead, 75,050. Units completed and transferred to stock38,500. Work in process, end of month3,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost.
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Abbey Products Company is studying the results of applying factory overhead to production. The following data have been used: estimated factory overhead, 60,000; estimated materials costs, 50,000; estimated direct labor costs, 60,000; estimated direct labor hours, 10,000; estimated machine hours, 20,000; work in process at the beginning of the month, none. The actual factory overhead incurred for November was 80,000, and the production statistics on November 30 are as follows: Required: 1. Compute the predetermined rate, based on the following: a. Direct labor cost b. Direct labor hours c. Machine hours 2. Using each of the methods, compute the estimated total cost of each job at the end of the month. 3. Determine the under-or overapplied factory overhead, in total, at the end of the month under each of the methods. 4. Which method would you recommend? Why?
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