How do I compute overhead cost for direct labor?

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ekkarill92 answered 1 year ago

Compute the cost and efficiency variances for direct materials and direct labor. 2. For manufacturing overhead,...

Compute the cost and efficiency variances for direct materials and direct labor. 2. For manufacturing overhead, compute the variable overhead cost and efficiency variances and the fixed overhead cost and volume variances. 3. HeadsetHeadset's management used better quality materials during September. Discuss the trade-off between the two direct material variances. Standard Cost Information Quantity Cost Direct Materials 2 parts $0.15 per part Direct Labor 0.02 hours 9.00 per hour Variable Manufacturing Overhead 0.02 hours 11.00 per hour Fixed Manufacturing Overhead...

For candy apples, how would I measure direct materials cost, direct labor cost, and compute predetermined...

For candy apples, how would I measure direct materials cost, direct labor cost, and compute predetermined overhead rates?

4/ Using the following accounts and an overhead rate of 150% of direct labor cost, compute...

4/ Using the following accounts and an overhead rate of 150% of direct labor cost, compute the amount of applied overhead. Work in Process Inventory Beginning WIP 35,300 Direct materials 55,500 Direct labor ? Factory Overhead ? To Finished Goods 213,300 Ending WIP 25,300 Finished Goods Inventory Beginning FG 5,300 Cost of Goods Mfg'd 213,300 Multiple Choice $90,800. $83,250. $147,800. $59,120. $88,680. 5/ The B&T Company's production costs for May are: direct labor, $19,000; indirect labor, $7,100; direct materials, $15,600;...

Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis

Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 74,000 units of product were as follows: Standard CostsActual CostsDirect materials251,600 lbs. at $5.40249,100 lbs. at $5.20Direct labor18,500 hrs. at $17.3018,930 hrs. at $17.70Factory overheadRates per direct labor hr.,based on 100% of normalcapacity of 19,310 directlabor hrs.:Variable cost, $4.80$87,910 variable costFixed cost, $7.60$146,756 fixed costEach unit...

Savannah Factory applies manufacturing overhead based on direct labor cost. Information concerning manufacturing overhead and labor...

Savannah Factory applies manufacturing overhead based on direct labor cost. Information concerning manufacturing overhead and labor for August follows: Estimated Actual Overhead cost $174,000 $171,100 Direct labor hours 5,800 5,900 Direct labor cost $87,000 $89,975 How much overhead should be applied in total during August? A. $179,950 B. $174,000 C. $177,000 D. $171,100 The manufacturing operations of Saltic Enterprises had the following balances for the month of March: March 1, 2013 March 31, 2013 Raw Materials $11,000 $14,000 Work in...

Wilson Enterprises applies overhead based on direct labor cost. The company estimates that their overhead for...

Wilson Enterprises applies overhead based on direct labor cost. The company estimates that their overhead for the year will be $240,000, and direct labor cost to be $300,000. Actual direct labor cost for Martinez Manufacturing was $280,000 and actual overhead costs were $220,000. At the end of the year, manufacturing overhead was: 1. Overapplied by $20,000. 2. Underapplied by $20,000. 3. Overapplied by $4,000. 4. Underapplied by $4,000.

Case Prime Cost Conversion Cost Direct Materials Direct Labor Manufacturing Overhead Total Manufacturing Cost A 9,480...

Case Prime Cost Conversion Cost Direct Materials Direct Labor Manufacturing Overhead Total Manufacturing Cost A 9,480 16,460 4,040 11,020 B 10,010 7,330 25,200 42,540 C 55,700 110,300 42,300 D 48,150 19,900 11,750 68,050 E 14,000 24,300 56,200 For each of the following independent cases (A–E), compute the missing values in the table:

1. Identify at least one example of a manufacturing cost (direct labor, direct materials, or overhead...

1. Identify at least one example of a manufacturing cost (direct labor, direct materials, or overhead costs) associated with value added activities a non-profit homeless shelter.. 2.Which one of these: direct labor, direct materials, or overhead costs are most prominent (make up more of a non-profit homeless shelters costs)? It is fine to conjecture on this answer. You may not have access to the data.

MAnufacturing overhead is applied on the basis of direct labor hours. The direct labor hours for...

MAnufacturing overhead is applied on the basis of direct labor hours. The direct labor hours for the period are 500 and the estimated manufacturing overhead is 2000. actual direct labor hours were 160 and actual overhead was 1000. Compute the manufacturing overhead applied during this period.

Morton Company has two divisions. Sales, direct materials cost, direct labor cost, and manufacturing overhead data...

Morton Company has two divisions. Sales, direct materials cost, direct labor cost, and manufacturing overhead data for Morton’s two divisions are available below. Note: All of Morton Company’s products are sold in competitive markets. Missile Salt Products Products Sales $1,500,000 $1,000,000 Direct labor (800,000) (300,000) Direct materials (100,000) (40,000) Manufacturing overhead* (400,000) (150,000) Gross profit $200,000 $510,000 *Manufacturing overhead is allocated to production based on the amount of direct labor cost. Morton has determined that its total...

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