Question

In: Accounting

Reynolds Manufacturers Inc, has estimated total factory overhead costs of $95,000


Reynolds Manufacturers Inc, has estimated total factory overhead costs of $95,000 and expected direct labor hours of 9,500 for the current fiscal year. If job number 117 incurs 2,300 direct labor hours, Work in Process will be debited and Factory Overhead will be credited for 

a. $21,850 

b.$2,300 

c. $95,000 

d. $23,000

Solutions

Expert Solution

ekkarill92 answered 2 years ago
Next > < Previous

Related Solutions

Applying Factory Overhead Salinger Company estimates that total factory overhead costs will be $175,000 for the...
Applying Factory Overhead Salinger Company estimates that total factory overhead costs will be $175,000 for the year. Direct labor hours are estimated to be 25,000. a. For Salinger Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. $ per direct labor hour b. During August, Salinger Company accumulated 590 hours of direct labor costs on Job 40 and 840 hours on Job 42. Determine the...
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $493,000 for the...
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $493,000 for the year. Direct labor hours are estimated to be 29,000. a. For Darling Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. $ per direct labor hour b. During May, Darling Company accumulated 640 hours of direct labor costs on Job 200 and 890 hours on Job 305. Determine the amount of factory overhead applied to Jobs 200 and...
The Turtle Company has total estimated factory overhead for the year of $1,200,000, divided into four...
The Turtle Company has total estimated factory overhead for the year of $1,200,000, divided into four activities: fabrication, $600,000; assembly, $240,000; setup, $200,000; and materials handling, $160,000. Turtle manufactures two products, Boogie Boards and Surf Boards. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Materials Handling Boogie Boards 10,000 dlh 30,000 dlh 60 setups 100 moves Surf Boards 30,000       10,000       440            700            40,000 dlh 40,000 dlh 500 setups 800 moves Each product...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $1,112,000, divided into four activities: fabrication, $576,000; assembly, $224,000; setup, $168,000; and inspection, $144,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speedboat 8,000 dlh 24,000 dlh 58 setups 100 inspections Bass boat 24,000 8,000 422 700 32,000 dlh 32,000 dlh...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $930,200, divided into four activities: fabrication, $420,000; assembly, $156,000; setup, $193,200; and inspection, $161,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speedboat 7,000 dlh 19,500 dlh 50 setups 88 inspections Bass boat 21,000 6,500 370 612 28,000 dlh 26,000 dlh...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $726,000, divided into four activity pools: fabrication,, $352,000; assembly, $132,000; setup, $132,000; and inspection, $110,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speedboat 5,500 dlh 16,500 dlh 40 setups 69 inspections Bass boat 16,500 5,500 290 481 22,000 dlh 22,000...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for...
Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at $1,314,700, divided into four activities: fabrication, $492,000; assembly, $220,000; setup, $325,950; and inspection, $276,750. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speedboat 10,250 dlh 33,000 dlh 74 setups 128 inspections Bass boat 30,750 11,000 541 897 41,000 dlh 44,000 dlh...
The chief cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for the...
The chief cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning May 1 would be $210,000 and total direct labor costs would be $150,000. During May, the actual direct labor cost totaled $12,000 and factory overhead cost incurred totaled $17,100. Required: A. What is the predetermined factory overhead rate based on direct labor cost? B. On May 31, journalize the entry to apply factory overhead to production....
The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...
The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February 1 would be $130,000, and total direct labor costs would be $100,000. During February, the actual direct labor cost totaled $12,500, and factory overhead cost incurred totaled $16,750. Required: a. What is the predetermined factory overhead rate based on direct labor cost? b. Journalize the entry to apply factory overhead to production for February 28....
4. The chief cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for...
4. The chief cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning May 1 would be $130,000 and total direct labor costs would be $100,000. During May, the actual direct labor cost totaled $12,000 and factory overhead cost incurred totaled $15,950. Required: A. What is the predetermined factory overhead rate based on direct labor cost? B. On May 31, journalize the entry to apply factory overhead to...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT