WWHHJJ561 Corp. has recently completed a job.WWHHJJ561 Corporation applies manufacturing overhead on the basis of machine-hours.The following data have been recorded on the job cost sheet:(ID#44976)Direct materialsDirect labor-hoursDirect labor wage rateMachine-hoursMultiple Choice$6,047(Baruch College Exam)WWHHJJ561 Corp.'s predetermined overhead rate is $14 per machine-hour.Q) What would be the total cost that would be recorded on the job cost sheet for the completed job above?$3,373$2,450$5,207$71 labor-hours13 per labor-hour131 machine-hours

Name: WWHHJJ561 Corp. has recently completed a job.WWHHJJ561 Corporation ap
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Description: WWHHJJ561 Corp. has recently completed a job.WWHHJJ561 Corporation applies manufacturing overhead on the basis of machine-hours.The following data have been recorded on the job cost sheet:(ID#44976)Direct materialsDirect labor-hoursDirect labor wage

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WWHHJJ561 Corp. has recently completed a job. WWHHJJ561 Corporation applies manufacturing overhead on the basis of machine-hours. The following data have been recorded on the job cost sheet: (ID#44976) Direct materials Direct labor-hours Direct labor wage rate Machine-hours Multiple Choice O (Baruch College Exam) WWHHJJ561 Corp.'s predetermined overhead rate is $14 per machine-hour. Q) What would be the total cost that would be recorded on the job cost sheet for the completed job above? O $6,047 $3,373 $2,450 $5,207 $ 71 labor-hours 13 per labor-hour 131 machine-hours

WWHHJJ561 Corp. has recently completed a job. WWHHJJ561 Corporation applies manufacturing overhead on the basis of machine-hours. The following data have been recorded on the job cost sheet: (ID#44976) Direct materials Direct labor-hours Direct labor wage rate Machine-hours Multiple Choice O (Baruch College Exam) WWHHJJ561 Corp.'s predetermined overhead rate is $14 per machine-hour. Q) What would be the total cost that would be recorded on the job cost sheet for the completed job above? O $6,047 $3,373 $2,450 $5,207 $ 71 labor-hours 13 per labor-hour 131 machine-hours

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Cullumber Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $25.000. direct labor $15,000, and manufacturing overhead $20,000. As of January 1, Job 49 had been completed at a cost of $112.500 and was part of finished goods inventory. There was a $18.750 balance in the Raw Materials Inventory account. During the month of January, Cullumber Company began production on Jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were also sold on account during the month for $152,500 and $197.500, respectively. The following additional events occurred during the month. 1 Purchased additional raw materials of $112.500 on account. incurred factory labor costs of $87.500. Of this amount $20,000 related to employer payroll taxes. Incurred manufacturing overhead costs as follows: indirect materials…
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Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below.] The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Raw materials Work in process Finished goods Beginning of period Cost incurred for the period Raw materials purchases Factory payroll Factory overhead (actual) $ 41,000 9,200 50,000 Indirect materials used Indirect labor used Other overhead costs End of Period $ 42,000 20,700 33,700 $ 176,000 150,000 8,000 34,500 117,500 Exercise 15-14 (Algo) Recording direct and indirect labor LO P2, P3 1. Direct labor used (recorded as factory wages payable). 2. Indirect labor used (recorded as factory wages payable). Prepare journal entries for the above transactions for the period.
At the end of Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following information: JobDirect Materials Direct Machine Hours Job No. 765 $ 5,670 3,500 Job No. 8,900 4,775 44 Job 765 produced 152 units, and Job 766 consisted of 250 units. Assuming that the predetermined overhead rate is applied by using machine hours at a rate of 200 per hour. a. Determine the balance on the job cost sheets for each job Job 765 Job 766 b. Determine the cost per unit at the end of April. Round your answers to the nearest cent Job 765 Job 766
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Muneer Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the year the company's Finished Goods inventory account was debited for Rs. 510,000 and credited for Rs. 480,000. The ending balance in the Finished Goods inventory account was Rs. 44,400. At the end of the year, manufacturing overhead was overapplied by Rs. 25,900. If the applied manufacturing overhead was Rs. 199,700. Calculate the actual manufacturing overhead cost for the year?