Question

It's Simple: Just calulate the numbers that I got wrong. When working on the problem make...

3 Award: 1.79 out of 3.33 points Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $181,420. Estimated direct labor cost was $447,760 for 19,300 hours Actual costs for the most recent month are summarized here: Total Cost Item Description Direct labor (1,930 hours) Indirect costs $ 44,777 Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses 2,570 3,400 3,210 4,710 5,790 1,260 1,770 4.180 5,310 Required 1., 2. & 3-a. Prepare the journal entries for overhead. (If no entry is required for a transaction/event, select No Journal Entry Required in the first account field.) No Transaction General Journal Debit Credit Work in Process Inventory Manufacturing Overhead Manufacturing Overhead 447,760 Cash, Payables, etc 447.760 Cost of Goods Sold 44,777 Manufacturing Overhead 44.777 3-b. Does the last transaction increase or decrease Cost of Goods Sold?

It's Simple: Just calulate the numbers that I got wrong. When working on the problem make sure to SHOW me the WORK. Make sure to include formulas it there's any.

3 Award: 1.79 out of 3.33 points Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $181,420. Estimated direct labor cost was $447,760 for 19,300 hours Actual costs for the most recent month are summarized here: Total Cost Item Description Direct labor (1,930 hours) Indirect costs $ 44,777 Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory insurance General and administrative salaries Selling expenses 2,570 3,400 3,210 4,710 5,790 1,260 1,770 4.180 5,310 Required 1., 2. & 3-a. Prepare the journal entries for overhead. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) No Transaction General Journal Debit Credit Work in Process Inventory Manufacturing Overhead Manufacturing Overhead 447,760 Cash, Payables, etc 447.760 Cost of Goods Sold 44,777 Manufacturing Overhead 44.777 3-b. Does the last transaction increase or decrease Cost of Goods Sold?
0 0
Add a comment Improve this question
Answer #1

Sslmakd manufacturing(31 S 300 hour G 300 4Per hour let al-Labow-hours-incuw ed-Ar noth r/93 13141 32, 20o2005 Manw actuing verhead over obso bey 5 million ncurred-appke 14,053 r S eCedit UY 18142- Geing mofackurth to 32,200 bea Ca2005 3 goods sold. __tuo 58- ach ole b The Lostangoisn sncyd he ansacian iAsYtaSed the Cost goods Sod

Add a comment
Know the answer?
Add Answer to:
It's Simple: Just calulate the numbers that I got wrong. When working on the problem make...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $186,120. Estimated direct labor cost was $469,260 for 19,800 hours. Actual costs for the most recent month are summarized here: Total Cost $ 46,927 Item Description Direct labor (1,900 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory Janitorial work...

  • Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $191,040. Estimated direct labor cost was $493,520 for 19,900 hours. Actual costs for the most recent month are summarized here: Total Item Description Direct labor (1,990 hours) Cost $49,353 Indirect costs Indirect labor 2,470 3,450 3,220 4,850 5,790 1,220 1,890 4,270 5,320 Indirect materials Factory...

  • Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $172,040. Estimated direct labor cost was $437,580 for 18,700 hours. Actual costs for the most recent month are summarized here: Item Description Total Cost Direct labor (1,870 hours) $ 43,759 Indirect costs Indirect labor 2,530 Indirect materials 3,340 Factory rent 3,360 Factory supervision 4,710 Factory...

  • 4 Verizox Company uses a job order cost system with manufacturing overhead applied to products based...

    4 Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $186,120. Estimated direct labor cost was $469,260 for 19,800 hours. oints Actual costs for the most recent month are summarized here: Total Cost $ 46,927 Iten Description Direct labor (1,980 hours) Indirect costs Indirect labor Indirect materials eBook 2,540 3,45e 3,210 4,770 5,740 1,220...

  • Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $190,000. Estimated direct labor cost was $448,400 for 19,000 hours. Actual costs for the most recent month are summarized here: Total Cost $ 44,841 Item Description Direct labor (1,900 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work...

  • Vertzox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Vertzox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $194000 Estimated direct labor cost was $459 70 for 19.400 hours Actual costs for the most recent month are summarted here Total & waren 2. Item Description Direct Labor (1.9 hours) Tere Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory S torial...

  • E2-18 (Algo) Calculating Actual and Applied Manufacturing Overhead Costs and Over-or Underappiled Overhead Costs [LO 2-3,2-4,2-5,...

    E2-18 (Algo) Calculating Actual and Applied Manufacturing Overhead Costs and Over-or Underappiled Overhead Costs [LO 2-3,2-4,2-5, 2-6) Verizax Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated es manufacturing overhead costat 1420 Estimated direct labore was $461.270 for 19.300 hours Actual costs for the most recent month are summarized here Total Cost Direct Labor (1,90 hours) Indirect ateriat Factory rent...

  • Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $175,570. Estimated direct labor cost was $448,880 for 18,100 hours. Actual costs for the most recent month are summarized here: Item Description Total Cost Direct labor (1,810 hours) $ 44,889 Indirect costs Indirect labor 2,590 Indirect materials 3,420 Factory rent 3,240 Factory supervision 4,750 Factory...

  • Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $198,970. Estimated direct labor cost was $474,770 for 19,700 hours. Actual costs for the most recent month are summarized here: Total Cost $ 47, 478 Item Description Direct labor (1,970 hours) Indirect costs Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial...

  • Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...

    Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $175,570. Estimated direct labor cost was $448,880 for 18,100 hours. Actual costs for the most recent month are summarized here: Item Description Total Cost Direct labor (1,810 hours) $ 44,889 Indirect costs Indirect labor 2,590 Indirect materials 3,420 Factory rent 3,240 Factory supervision 4,750 Factory...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT