| The correct option is D : ) $264,000;$176,000 | ||
| Explanation | ||
| Machining cost assigned to each product : | ||
| Cape | Chap | |
| Machine hour | 52800 | 35200 |
| Machining cost rate | 5 per mh | 5 per mh |
| Machining cost assigned | 264000 | 176000 |
| so answer is d) $264,000;$176,000 | ||
BACK NEXT Multiple Choice Question 73 Kiner Co. computed an overhead rate for machining costs ($460000)...
Boswell Company manufactures two products, Regular and Supreme. Boswell’s overhead costs consist of machining, $2800000; and assembling, $1400000. Information on the two products is: Regular Supreme Direct labor hours 10000 15000 Machine hours 10000 30000 Number of parts 90000 160000 Overhead applied to Regular using activity-based costing is $1680000. $2520000. $1204000. $2996000.
NEXT H ang: 85 min. CALCULATOR <BACK Multiple Choice Question 71 Boswell Company manufactures two products, Regular and Supreme. Boswell's overhead costs consist of machining, $3400000; and assembling, $1700000. Information on the two products is: Regular Supreme Direct labor hours 10000 15000 Machine hours 10000 30000 Number of parts 90000 160000 Overhead applied to Supreme using activity-based costing is $3060000 $3638000 $1462000 $2040000
Boswell Company manufactures two products, Regular and Supreme.
Boswell’s overhead costs consist of machining, $5000000; and
assembling, $2200000. Information on the two products is:
Regular
Supreme
Direct labor hours
10000
15000
Machine hours
10000
30000
Number of parts
90000
160000
Overhead applied to Regular using traditional costing using direct
labor hours is
$4320000.
$1990000.
$5210000.
$2880000.
Boswell Company manufactures two products, Regular and Supreme. Boswell’s overhead costs consist of machining, $1000000; and assembling, $500000. Information on the two products is: Regular Supreme Direct labor hours 10000 15000 Machine hours 10000 30000 Number of parts 90000 160000 Overhead applied to Regular using traditional costing using direct labor hours is (A) $600000. (B) $1210000. (C) $290000. (D) $900000.
Perreth Products manufactures its products in two separate departments: Machining and Assembly. Total manufacturing overhead costs for the year are budgeted at $1,050,000. Of this amount, the Machining Department incurs $630,000 (primarily for machine operation and depreciation) while the Assembly Department incurs $420,000. The company estimates that it will incur 8,400 machine hours (all in the Machining Department) and 15,000 direct labor hours (3,000 in the Machining Department and 12,000 in the Assembly Department) during the year. Perreth Products currently...
The Sendai Co., Ltd., of Japan has budgeted costs in its various departments as follows for the coming year Factory Administration Custodial Services Personnel Maintenance Machining overhead Assembly-overhead Total cost $ 533,800 102,568 68,774 151,718 1,851,536 761,704 $3,470, 100 The company allocates service department costs to other departments in the order listed below. Department Factory Administration Custodial Services Personnel Maintenance Machining Assembly Square Total Teet of Direct Number of Labor Space Labor- Machine Employees Hours Occupied Hours Hours - 6,500...
The Sendai Co., Ltd., of Japan has budgeted costs in its various departments as follows for the coming year: Factory Administration $ 350,700 Custodial Services 122,425 Personnel 56,830 Maintenance 116,045 Machining—overhead 1,210,800 Assembly—overhead 1,074,200 Total cost $ 2,931,000 The company allocates service department costs to other departments in the order listed below. Department Number of Employees Total Labor- Hours Square Feet of Space Occupied Direct Labor- Hours Machine- Hours Factory Administration 26 — 7,600 — — Custodial Services 13 9,300...
Walker Enterprises, Inc., uses a job-order costing system and sets a predetermined overhead rate at the beginning of each year based on estimated manufacturing overhead costs. Each job requires work in both the Assembly and Machining Departments. The predetermined overhead rate is based on direct labor cost in Assembly Department and on machine hours in Machining Department. At the beginning of the year, the company made the following estimates: Assembly Department $120,000 Machining Department $32,000 Direct labor cost Manufacturing overhead...
manufacturing overhead costs $3,660,000 Actual machine-hours 196,000 1. Calculate the budgeted manufacturing overhead rate. 2 Calculate the manufacturing overhead allocated during 2017 3. Calculate the amount of under-or overallocated manufacturing overhead. Why do Taylor's managers need to calculate this amount? 4-25 Job costing, accounting for manufacturing overhead, budgeted rates. The Matthew Company uses Seormal job-costing system at its Minneapolis plant. The plant has a machining department and an assem- bly department. Its job-costing system has two direct-cost categories (direct materials...
Problem 2-21 Plantwide Versus Multiple Predetermined Overhead Rates (L02-1, LO2-2) Mason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B: Estimated Data Manufacturing overhead Direct Labor hours Machine hours Machining Assembly $2,816,800 $ 256,000 16,000 176,000 176,000 11,000 Total $3,072,000 192,000 187,000 Job Direct labor...