Homework Answers
Applied Overhead = Direct material*Predetermined rate
= 85000*160%
= $136,000
Amount added to WIP during April = Direct material + Direct labor + Applied overheads
= 2400+5900+5900*150%
= $17,150
Over applied overheads = Allocated overheads – Actual overheads
= 420,000-395,000
= $25,000 over applied
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The predetermined overhead rate of 160% allocates overhead based on direct materials cost. If direct labor...
1. Determine the total of each production cost incurred for April (direct labor direct materials, and...
1.
Determine the total of each production cost incurred for April
(direct labor direct materials, and applied overhead), and the
total cost assigned to each job including the balances from March
31)
Required information The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000;...
Required: 1. Determine the total of each production cost incurred for April (direct labor, direct materials,...
Required: 1. Determine the total of each production cost incurred
for April (direct labor, direct materials, and applied overhead),
and the total cost assigned to each job (including the balances
from March 31).
Saved Required information The following information applies to the questions displayed below.) Marcelino Co.s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect...
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Labels Actual factory overhead Depreciation of equipment Direct labor used Direct materials used Factory overhead applied...
Labels
Actual factory overhead
Depreciation of equipment
Direct labor used
Direct materials used
Factory overhead applied
Factory rent
Factory utilities
Indirect labor
Indirect materials
Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $27,000; factory rent, $39,000; factory utilities, $24,000; and factory...
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12 A company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead...
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1.
Determine the total of each production cost incurred for April
(direct labor direct materials, and applied overhead), and the
total cost assigned to each job including the balances from March
31)
Required information The following information applies to the questions displayed below.) Marcelino Co.'s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect labor, $22,000;...
Required: 1. Determine the total of each production cost incurred
for April (direct labor, direct materials, and applied overhead),
and the total cost assigned to each job (including the balances
from March 31).
Saved Required information The following information applies to the questions displayed below.) Marcelino Co.s March 31 inventory of raw materials is $88,000. Raw materials purchases in April are $600,000, and factory payroll cost in April is $385,000. Overhead costs incurred in April are: indirect materials, $55,000; indirect...
Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $747,500 of overhead costs and $575,000 of direct labor cost for the year. During March, Shire began and completed Job 13- 56. 1. What is the predetermined overhead rate for the year? 2. Use the information on the following job cost sheet to determine the total cost of the job. Check (2) $22,710 JOB COST SHEET Job No. 13-56 Customer's Name Keiser Co....
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Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $676,000 of overhead costs and $520,000 of direct labor cost for the year. During March, Shire began and completed Job 13-56. 1. What is the predetermined overhead rate for the year? 2. Use the information on the following job cost sheet to determine the total cost of the job. Complete this question by entering your answers in the tabs below. Required 1 Required...
Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company will incur $672,000 of overhead costs and $560,000 of direct labor cost for the year. During March, Shire began and completed Job 13-56. 1. What is the predetermined overhead rate for the year? 2. Use the information on the following job cost sheet to determine the total cost of the job. Complete this question by entering your answers in the tabs below. Required 1 Required...
Labels
Actual factory overhead
Depreciation of equipment
Direct labor used
Direct materials used
Factory overhead applied
Factory rent
Factory utilities
Indirect labor
Indirect materials
Required information (The following information applies to the questions displayed below. Marcelino Co.'s March 31 inventory of raw materials is $84,000. Raw materials purchases in April are $550,000, and factory payroll cost in April is $382,000. Overhead costs incurred in April are: indirect materials, $58,000; indirect labor, $27,000; factory rent, $39,000; factory utilities, $24,000; and factory...
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