Homework Answers
| Direct Material cost | $9,000 | |
| Direct labor cost | $4,500 | [300*15] |
| Factory Overhead cost | $2,250 | [22.5*100] |
| Total Cost | $15,750 | |
| The correct answer is $15750 | ||
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The Nautical Corporation manufactures custom-made wood wall units. The following data pertains to Job X4A: Direct...
Orange Corporation manufactures custom-made wallets. The following data pertains to Job GH7: Direct materials placed into...
Orange Corporation manufactures custom-made wallets. The following data pertains to Job GH7: Direct materials placed into production $5,000 Direct labor hours worked 75 hours Direct labor rate per hour $35 Machine hours worked 200 hours Factory overhead is applied using a predetermined overhead rate based on direct labor hours. Factory overhead was budgeted at $100,000 for the year, and the direct labor hours were estimated to be 25,000. Job GH7 consists of 60 units. What is overhead cost assigned...
The Cameron Corporation manufactures custom-made purses. The following data pertains to Job XY5: Direct materials placed...
The Cameron Corporation manufactures custom-made purses. The following data pertains to Job XY5: Direct materials placed into production $4,000 Direct labor hours worked 50 hours Direct labor rate per hour $15 Machine hours worked 100 hours Factory overhead is applied using a plant-wide rate based on direct labor hours. Factory overhead was budgeted at $80,000 for the year and the direct labor hours were estimated to be 20,000. Job XY5 consists of 50 units. What is the labor cost per...
Sheridan Company manufactures customized desks. The following pertains to Job No. 953: Direct materials used $31800...
Sheridan Company manufactures customized desks. The following
pertains to Job No. 953:
Direct materials used
$31800
Direct labor hours worked
600
Direct labor rate per hour
$16.00
Machine hours used
500
Applied factory overhead rate per
machine hour
$30.00
What is the total manufacturing cost for Job No. 953?
$63900
$57800
$54800
$56400
X Company manufactures custom cabinets. Direct materials (wood, hinges, etc) and direct labor are assigned directly...
X Company manufactures custom cabinets. Direct materials (wood, hinges, etc) and direct labor are assigned directly to the products. Manufacturing overhead is assigned to jobs using a predetermined overhead rate based on machine hours. Assume X Company completed Job #2 in March 2015 and spent 100 machine hours on the job. It also used $50,000 of direct materials and $10,000 of direct labor to produce Job #2. Cost (Item) 2014 Actual 2015 Estimated 2015 Actual Machine hours 9,000 10,000 11,000...
#8 #9 Venus Crates manufactures custom crates for a variety of uses. The following data have been recorded for Job 551...
#8
#9
Venus Crates manufactures custom crates for a variety of uses. The following data have been recorded for Job 551, which was recently completed. Direct materials used cost $7,700. There were 90 machine hours used on this job. The predetermined overhead rate is $32 per machine hour used. There were 179 direct labor hours worked on this job at a direct labor wage rate of $31 per hour. What is the total manufacturing cost of Job 551? O A....
35. Jasper Carts manufactures custom carts for a variety of uses. The following data have been...
35.
Jasper Carts manufactures custom carts for a variety of uses. The following data have been recorded for Job 651, which was recently completed. Direct materials used cost $7,200. There were 175 direct labor hours worked on this job at a direct labor wage rate of $22 per hour. There were 82 machine hours used on this job. The predetermined overhead rate is $30 per machine hour used. What is the total manufacturing cost of Job 651? O $3,850 O...
X Company manufactures custom cabinets. Direct materials (wood, hinges, etc) and direct labor are assigned directly...
X Company manufactures custom cabinets. Direct materials (wood, hinges, etc) and direct labor are assigned directly to the products. Manufacturing overhead is assigned to jobs using a predetermined overhead rate based on machine hours. Cost (Item) 2014 Actual 2015 Estimated 2015 Actual Machine hours 8,500 10,000 10,500 Machine Repairs $184,500 $200,000 $209,000 Factory Supervisor Salary $60,000 $60,000 $60,000 Oil for machines $2,100 $2,000 $2,050 Advertising $42,000 $45,000 $45,500 Depreciation-Machines $10,000 $10,000 $10,000 Sales Commissions $35,000 $40,000 $41,000 Factory Utilities $32,000...
All Wood Industries manufactures custom-designed playground equipment for schools and city parks. All Wood expected to...
All Wood Industries manufactures custom-designed playground equipment for schools and city parks. All Wood expected to incur $707,200 of manufacturing overhead cost, 41,600 of direct labor hours, and $915,200 of direct labor cost during the year (the cost of direct labor is $22 per hour) The company allocates manufacturing overhead on the basis of direct labor hours During January, All Wood completed Job 302. The job used 165 direct labor hours and required $14,800 of direct materials. The City of...
23. Wood Products manufactures banquet tables. The following information pertains to the company's normal operations per...
23. Wood Products manufactures banquet tables. The following information pertains to the company's normal operations per month: Output units 20,000 tables Machine-hours 8,000 hours Direct manufacturing labor-hours 10,000 hours Direct materials per unit $105 Direct manufacturing labor per hour $10 Variable manufacturing overhead costs $322,500 Fixed manufacturing overhead cos $1,200,000 Improved Product and process design costs $1,100,000 Marketing and distribution costs $1,125,000 Assuming the Marketing and distribution costs and the Improved Product and process design costs are 100% variable costs,...
Nadal Corporation manufactures custom molds for use in the extrusion industry. The company allocates manufacturing overhead...
Nadal Corporation manufactures custom molds for use in the extrusion industry. The company allocates manufacturing overhead based on machine hours. Selected data for costs incurred for Job 532 are as follows: Direct materials used $5,000 Direct labor cost $36,800 Predetermined manufacturing overhead rate based on machine hours $17 Direct labor hours worked 3,100 Machine hours used 290 What is the manufacturing cost of Job 532? A. $41,800 B. $94,500 C. $46,730 D. $4,930
Sheridan Company manufactures customized desks. The following
pertains to Job No. 953:
Direct materials used
$31800
Direct labor hours worked
600
Direct labor rate per hour
$16.00
Machine hours used
500
Applied factory overhead rate per
machine hour
$30.00
What is the total manufacturing cost for Job No. 953?
$63900
$57800
$54800
$56400
X Company manufactures custom cabinets. Direct materials (wood, hinges, etc) and direct labor are assigned directly to the products. Manufacturing overhead is assigned to jobs using a predetermined overhead rate based on machine hours. Assume X Company completed Job #2 in March 2015 and spent 100 machine hours on the job. It also used $50,000 of direct materials and $10,000 of direct labor to produce Job #2. Cost (Item) 2014 Actual 2015 Estimated 2015 Actual Machine hours 9,000 10,000 11,000...
#8
#9
Venus Crates manufactures custom crates for a variety of uses. The following data have been recorded for Job 551, which was recently completed. Direct materials used cost $7,700. There were 90 machine hours used on this job. The predetermined overhead rate is $32 per machine hour used. There were 179 direct labor hours worked on this job at a direct labor wage rate of $31 per hour. What is the total manufacturing cost of Job 551? O A....
35.
Jasper Carts manufactures custom carts for a variety of uses. The following data have been recorded for Job 651, which was recently completed. Direct materials used cost $7,200. There were 175 direct labor hours worked on this job at a direct labor wage rate of $22 per hour. There were 82 machine hours used on this job. The predetermined overhead rate is $30 per machine hour used. What is the total manufacturing cost of Job 651? O $3,850 O...
X Company manufactures custom cabinets. Direct materials (wood, hinges, etc) and direct labor are assigned directly to the products. Manufacturing overhead is assigned to jobs using a predetermined overhead rate based on machine hours. Cost (Item) 2014 Actual 2015 Estimated 2015 Actual Machine hours 8,500 10,000 10,500 Machine Repairs $184,500 $200,000 $209,000 Factory Supervisor Salary $60,000 $60,000 $60,000 Oil for machines $2,100 $2,000 $2,050 Advertising $42,000 $45,000 $45,500 Depreciation-Machines $10,000 $10,000 $10,000 Sales Commissions $35,000 $40,000 $41,000 Factory Utilities $32,000...
All Wood Industries manufactures custom-designed playground equipment for schools and city parks. All Wood expected to incur $707,200 of manufacturing overhead cost, 41,600 of direct labor hours, and $915,200 of direct labor cost during the year (the cost of direct labor is $22 per hour) The company allocates manufacturing overhead on the basis of direct labor hours During January, All Wood completed Job 302. The job used 165 direct labor hours and required $14,800 of direct materials. The City of...
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