When Job 117 was completed, direct materials totaled $9,518; direct labor, $14,467; and factory overhead, $14,085. A total of 2,115 units were produced at a per-unit cost of Oa. $38,070 Ob. $2,115 Oc. $18 Od. $23,985

When Job 117 was completed, direct materials totaled $9,518; direct labor, $14,467; and factory overhead, $14,085. A total of 2,115 units were produced at a per-unit cost of Oa. $38,070 Ob. $2,115 Oc. $18 Od. $23,985

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: The charges to Work in Process—Assembly Department for a period, together with information…

A: a.Compute the number of units in work in process at the end of the period.

Q: The following summarized manufacturing data relate to Thomas Corporation's April operations, during…

A: Lets understand about each variances first. (1) Material price variance:- It is a variance between…

Q: Compute conversion costs given the following data: direct materials, $394,600; direct labor,…

A: The costs are classified as direct materials and conversion costs. The conversion costs comprises…

Q: Galesta Company started and completed Job 9, produced 10,000 units, during previous month. Cost…

A: Variable costing means that inventory is valued at variable manufacturing cost and fixed cost is…

Q: Cost of Units Completed and in Process The charges to Work in Process-Assembly Department for a…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Department A had no Work-in-Process at the beginning of the period, 1,000 units were completed…

A: Introduction:- Weighted average method is one of the inventory valuation method. which is used to…

Q: Subject: acounting Sunland Manufacturing incurs $80,400 of direct labour costs. Supporting records…

A: In the accounting system, a journal entry serves as a record of a business transaction or…

Q: The following were incurred for the month: direct materials = ₱ 117,000; manufacturing overhead =…

A: Direct material cost = P 117,000 Manufacturing overhead = P 63,000 Direct labor = P 78,000 Selling…

Q: a. Based on the above data, determine the different costs listed below. If required, round your…

A: Cost accounting is one widely used by cost accountants and management to determine the cost per unit…

Q: The following summarized manufacturing data relate to Lucas Corporation's April operations, during…

A: Variance analysis involves determining the deviations by comparing the actual and the standard…

Q: m Job 117 was completed, direct materials totaled $9,518; direct labor, $14,467; and factory…

A: The cost per unit is derived from the variable costs and fixed costs incurred by a production…

Q: Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a…

A: 1)Cost of beginning work in process inventory completed this period Beginning Work in progress…

Q: When Job 117 was completed, direct materials totaled $17,100; direct labor, $22,230; and factory…

A: Job cost is a method of ascertaining the total cost of specific job. It can be calculated on the…

Q: Additional information: Work in Process beginning balance - $10,500…

A: Predetermined Overhead Rate = Estimated manufacturing overhead / Estimated the direct labor hours

Q: Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a…

A: Process costing: It is a type of costing method, where the direct costs are accumulated and indirect…

Q: Accounting Topic: Labor cost accounting Fisheries Manufacturing Co. charges factory overhead to…

A: The predetermined overhead rate is used to apply factory overhead to production.

Q: he charges to Work in Process-Assembly Department for a period, together with information concerning…

A: a Number of units in work in process 9000 6000+141000-138000 b…

Q: A company allocates overhead at a rate of 155% of direct labor cost. Actual overhead cost for the…

A: under applied overhead: If the amount absorbed is less than the amount incurred which may due to…

Q: Direct materials (3.0 Ibs. @ $5.00 per Ib.) $ 15.00 Direct labor (1.8 hrs. @ $12.00 per hr.) 21.60…

A: Labor cost variance = Labor rate variance + Labor Efficiency variance

Q: Manufacturing overhead is currently assigned to products based on their direct labor costs. For the…

Q: Compute conversion costs given the following data: direct materials, $394,300; direct labor,…

A: The conversion costs comprise direct labor and overhead costs. the indirect costs are recorded as…

Q: Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: When Job 117 was completed, direct materials totaled $13,051; direct labor, $22,970; and factory…

A: Particulars Amount $ Direct material cost 13051 Direct labour cost 22970 Factory…

Q: X Company applies overhead on the basis of 150% of direct labor cost. Job No.105 is charged with…

A: Total manufacturing costs for Job = Direct Material Cost + Direct Labor Cost + Overhead Cost

Q: The charges to Work in Process—Assembly Department for a period, together with information…

A: The question is based on the concept of Cost Accounting. In order to find out the cost of beginning…

Q: The standard cost of product 2525 includes 4.10 hours of direct labour at $14.40 per hour. The…

A: In standard costing variance means the difference between standard costs and actual cost. It is the…

Q: Breeze Company started and completed Job 9, produced 10,000 units, during previous month. Cost…

A: The full absorption costing is an account for all cost Direct Labour, Direct material, variable…

Q: Direct Material Rate -50% Direct labor rate - 75% Unit production - P6 per unit direct labor…

A: The total manufacturing cost includes direct materials, direct labor and Factory overhead.

Q: In September, AA Company produced 1,000 units of product. 2,080 units of raw materials were used at…

A: Standard hours allowed = Actual units x standard hour per unit =1000 x 1/2 hour = 500 hour Actual…

Q: Job A includes direct materials costs of $1,400 and direct labor costs of $950. If the predetermined…

A: Total cost of job includes direct cost and overhead costs.

Q: In May direct labor was 30% of conversion cost. If the manufacturing overhead for the month was…

A: Direct labour costs are those costs of labour which is directly used in manufacturing purpose.…

Q: Raw materials purchased = 197,000 Issued Direct Material = 187,000 Indirect Material = 19,000…

A: Overheads is indirect cost of production. For e.g factory rent , electricity, wages…

Q: Direct materials used in production totaled $300,000. Direct labor was $370,000and factory overhead…

A: Total manufacturing costs is the sum total of direct materials used in production, Direct Labor cost…

Q: The charges to Work in Process-Assembly Department for a period, together with information…

A: It is the stock held for sale to customers. The inventory comprises of raw materials, work in…

Q: Direct materials used $2,300 Direct labor costs $700 Actual manufacturing overhead rate per direct…

A: total cost of Job 903 - Direct materials. $2,300 Add:Direct labor…

Q: Cost of Units Completed and in Process The charges to Work in Process-Assembly Department for a…

A: First, understand about the units: Units in process at beginning of the period 1600 Units…

Q: The cost of materials for beginning work-in-process is $10,400. Materials costs added during the…

A: EQUIVALENT UNITS OF PRODUCTION Equivalent Production is represents the production of a process in…

Q: X Company applies overhead on the basis of 80% of direct labor cost. Job No.105 is charged with…

A: Direct material cost = $100,000 Manufacturing OH cost = $128,000 (80% of direct labor cost)

Q: n the manufacture of 9,800 units of a product, direct materials cost incurred was $174,800, direct…

A: Conversion cost is the manufacturing cost incurred to covert the raw material into the finished…

Q: Job 2928 requires $38,000 of direct materials, $12,000 labour hours, and 375 machine hours.…

A: The total manufacturing cost comprises Direct materials, direct labor and overhead applied costs.…

Q: Emma Corporation uses an overhead absorption rate of $3·50 per machine hour, based on 32,000…

A: Total overhead expenditure = $108,875 Machine hours = 30,000 hours Absorption rate (per machine…

Concept explainers

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit. Overhead expenses depend upon the nature of the business operations.

Question

100%

ageNOWv2 | Online teachin X +
m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession
Locator=&inprogress...
A
€
When Job 117 was completed, direct materials totaled $9,518; direct labor, $14,467; and factory overhead, $14,085. A total of 2,115
units were produced at a per-unit cost of
Oa. $38,070
Ob. $2,115
Oc. $18
Od. $23.985
8:2
O
J
i
I'
C
5/2

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Prepare a journal entry for the following: Applied overhead at the rate of 155% of direct labor costs. Direct labor costs were $135,000 in the Mixing department and $60,000 in the Shaping department.
Vinubhai
During February, direct labor cost totaled P13,000 and direct labor cost was 40% of prime cost. If total manufacturing costs during February were P80,000, the manufacturing overhead was:a. P19,500b. P32,500c. P47,500d. P67,000
Department A had no Work-in-Process at the beginning of the period, 2,600 units were completed during the period, 360 units were 50% completed at the end of the period, and the following manufacturing costs were debited to the departmental Work-in-Process account during the period: Direct materials (2,960 at $10) Direct labor Factory overhead $ 29,600 16,372 13,096 Assuming that all direct materials are added at the beginning of production and Department A uses weighted-average process costing, what is the total cost of the departmental Work-in- Process Inventory at the end of the period?
Job 53 at BV Fabrications required $200 of direct materials and 10 direct labour hours at $15 per hour. Estimated total overhead for the year was $760,000 and estimated direct labour hours were 20,000. What would be recorded as the cost of Job 53 assuming the company uses a normal costing system and DLH as cost driver? 1.$200 2.$350 3.$380 4.$730
Direct materials $ 41,000 Direct labor-hours 680 labor-hours Direct labor wage rate $ 13 per labor-hour Machine-hours 370 machine-hours Number of units completed 3,500 units The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $12 per machine-hour. Compute the unit product cost that would appear on the job cost sheet for this job.
When Job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. A total of 1,000 units were produced at a per-unit cost of
The following cost relate to COBEED for the year: Distribution Cost 123,000Direct Materials 234,000Conversion cost 456,000Factory overhead 111,000Compute for total prime cost:
When Job 117 was completed, direct materials totaled $4.400: direct labor, 55,600; and factory overhead, $2,400. A total of 1,000 units were produced at a per-unit cost of a $12,400 b. $1.240 c. S124 d. $12.40
In the manufacture of 9,400 units of a product, direct materials cost incurred was $177,400, direct labor cost incurred was $106,100, and applied factory overhead was $43,600. What is the total conversion cost? Oa..$149,700 Ob. $327,100 Oc. $43,600 Od. $177,400
Equivalent Units of Production and Related Costs The charges to Work in Process—Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 8,000 units, 65% completed 31,880 To Finished Goods, 184,000 units ? Direct materials, 188,000 units @ $2.10 394,800 Direct labor 404,400 Factory overhead 157,320 Bal., ? units, 20% completed ? Determine the following: a. The number of units in work in process inventory at the end of the period. units b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0". Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs WholeUnits Equivalent UnitsDirect Materials Equivalent UnitsConversion Inventory in process, beginning…
Compute conversion costs given the following data: direct materials, $353,800; direct labor, $206,900; factory overhead, $205,600 and selling expenses, $47,600. Oa. $559,400 Ob. $158,000 Oc. $412,500 Od. $766,300