I cannot find a formula to calculate this answer. I know how to get to the labor cost, but not the Overhead cost.
Homework Answers
Prime cost = Direct material+Direct labor
4509000 = 2011000+X
Direct labor = 2498000
Conversion Cost = Direct labor + Overhead
5510000 = 2498000+X
X(Overhead) = 5510000-2498000 = 3012000
So answer is b) $3012000
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Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour $ 101, ee0 $595,900 3.e0 Recently, Job P951 was completed with the following characteristics: Number of units...
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How did they get Indirect Cost
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(%) T15-1 (similar to) Question Help Cornell Metal Works produces two types of metal lamps. Cornell manufactures 24,000 basic lamps and 4,500 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates costs to the two lamps on the basis of direct manufacturing labor-hours. It provides the following budgeted cost information EE (Click the icon to view the information.) Calculate...
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If someone can explain to me how to get the numbers above that
would be great, I do not need help much on just the answers but
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Weighted- Average Method.
Thank you
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Seved Save & Exit Help A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If direct materials are $1,400000 and factory overhead is $5,400,000, then direct labor is: Mutiple Cholce 723 $2,400,000 $3.800,000 $4000,000 $15,600.000 S1000,000
I tried multiple times to solve it and I can't get the right
answer.
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 103,300 90,500 29,700 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows:...
I
continue to get $309,000 for period costs but that isn't correct.
the only cost i know that us right is the total prime cost.
The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: Direct material Advertising expense Depreciation on factory building Direct labor: wages Cost of finished goods inventory at year-end Indirect labor! wages Production supervisor's salary Service department costs Direct labor: fringe benefits Indirect labor: fringe benefits Fringe benefits for...
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someone please help with this managerial accounting practice
problem i cannot get the right answer.
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour $ 101, ee0 $595,900 3.e0 Recently, Job P951 was completed with the following characteristics: Number of units...
I dont know how to find the overhead cost.
The following T-accounts record the operations of Vaughn Co.: Assume all raw materials are direct materials. Raw Materials 27,000 Beginning Balance 234,000 ? Ending Balance 16,000 Work in Process 35,000 ? Beginning Balance Direct Material Direct Labor Overhead 165,000 ? ? Ending Balance 27,000 Question 1 of 1 < > Finished Goods 44,000 Beginning Balance COGM ? 645,000 Ending Balance 15,000 (a) Calculate the amount of direct materials purchased during the...
How did they get Indirect Cost
Allocated? I need to see the calculations and/or formula. Thank
you!
(%) T15-1 (similar to) Question Help Cornell Metal Works produces two types of metal lamps. Cornell manufactures 24,000 basic lamps and 4,500 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates costs to the two lamps on the basis of direct manufacturing labor-hours. It provides the following budgeted cost information EE (Click the icon to view the information.) Calculate...
If someone can explain to me how to get the numbers above that
would be great, I do not need help much on just the answers but
more of how to get the answers. Everything must be done in
Weighted- Average Method.
Thank you
NEED-TO-KNOW 16-5 COMPREHENSIVE 1 Woighted Average Mothod Pennsylvania Company produces a product that passes through two processes: grinding and mixing. Information related to its grinding department manufacturing activities for July follows. The company uses the weighted...
I just need the answer for #5. I already calculated 1-4. Thank
you!
Cornerstone Exercise 2.5 Costs of Services Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On average, HHH completes about 15,000 costs are associated with the total cleanings: cleanings per year. The following total Direct materials Direct labor Variable overhead Fixed overhead S 27,000...
Please help! And please explain how to get answers so I can
learn how to do it on future problems. Thanks in advance! I'll be
sure to give a thumbs up.
Osborn Manufacturing uses a predetermined overhead rate of $20.20 per direct labor-hour. This as based on a cost formula that estimates $282,800 of total manufacturing overhead for an estimated activity level of 14,000 direct labor-hours. The company incurred actual total manufacturing overhead costs of $279,000 and 13,500 total direct...
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