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
ekkarill92 answered 2 years agoRelated 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...
Multiple Production Department Factory Overhead Rates The total factory overhead for Urban Styles, Inc. is budgeted...
Multiple Production Department Factory Overhead Rates
The total factory overhead for Urban Styles, Inc. is budgeted
for the year at $1,356,250, divided into two departments: Cutting,
$1,102,500, and Sewing, $253,750. Urban Styles manufactures two
types of men's pants: jeans and khakis. The jeans require three
direct labor hours in Cutting and three direct labor hours in
Sewing. The khakis require four direct labor hours in Cutting and
two direct labor hours in Sewing. Each product is budgeted for
7,000 units...
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....
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- What are the SHDN, LNA in opamp What are the TXCO coding algorithm for binary and...
- Need to program a maze traversal program using dynamic array and stacks. The problem is faced...
- what were some of Ida B Wells significant contributions to the civil rights movement?
- In 2007, there were many people in Sri Lanka who have an opinion that the government...
- Example #2: Write the following set of four linear equations with 4 unknowns x1, x2, x3,...
- "In the digital age, our personal and collective privacy is threatened like it never has been...
- when i type those python code below, i got True, but when i type not a...
ADVERTISEMENT