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Manufacturing Overhead Distribution Worksheet The following are selected operating data for the production and service departments of Bluestone Compa Departments Service Production Overhead costs (identified by department) $50.000 $1.032.000 $65,168 $2478.000 4.000 Indirect material S96.800 S164A00 Indirect labor $194400 $2.000 24.000 Square feet of building floor space used Assessed value of equipment used 9.600 14.400 $252.000 5420.000 264000 $.00 $126 000 176.000 Cubic yards of factory space used 400.600 102.400 Machine hours $40.000 s00.000 Direct labor O is allocated on the basis of square feet of floor space. Personal property taxes of $72,000 are allocated on the sbution worksheet for Bluestone Company similar to the one prepared for Exhibit 3-1s when appropriate Under the Allocation Basis column, select the basis used to calculate each alocation

5- Sunshine Gardens overhead expenses are: Indirect material pounds per unit Indirect material cost per pound 0.50 $ 1.00 1.00 $ 16.50 $ 0.75 $ 0.20 $10,000 $ 9,000 $ 3,000 $ 1,500 Indirect labor hours Indirect labor rate per hour Variable maintenance per unit Variable utilities per unit Supervisor salaries Maintenance salaries Insurance Depreciation Given production of 10,200; 11,300; 12,900; and 13,200 for each quarter of the next year, prepare a manufacturing overhead budget for each quarter.

EstimatedFixedCost   EstimatedVariableCost(perunitsold) Production costs:             Direct materials     $19       Direct labor     13       Factory overhead $261,300     10     Selling expenses:             Sales salaries and commissions 54,300     4       Advertising 18,400             Travel 4,100             Miscellaneous selling expense 4,500     4     Administrative expenses:             Office and officers' salaries 53,100             Supplies 6,500     2       Miscellaneous administrative expense 6,040     2       Total $408,240     $54     It is expected that 8,640 units will be sold at a price of $135 a unit. Maximum sales within the relevant range are 11,000 units. Required: Question Content Area 1.   Prepare an estimated income statement for 20Y7. Belmain Co.Estimated Income StatementFor the Year Ended December 31, 20Y7       $- Select - Cost of goods sold:           $- Select -       - Select -       - Select -…

Accounting question

Direct labor cost Factory overhead Direct labor hours Machine hours Dept. A $ 69,000 $115,920 Dept. B $49,000 $54,855 6,900 2,900 9,900 15,900 of the year, the company made the following What predetermined overhead rate would be used in Department A and Department B, respectively? Multiple Choice 168% and 345%. 168% and $3.45. ) $1.68 and 345%. $1.68 and $3.45.

Direct labor 17 per unit 11 per unit 24 Direct materials $4 Overhead Total variable overhead Total fixed overhead Expected units to be produced $ 30,000 $100, 000 50,e00 units Product cost per unit under absorption costing

Direct materials issued to production $170,000Indirect materials issued to production $45,000Other manufacturing overhead $255,000Overhead allocated $240,000Direct labour costs $80,000 Is the manufacturing overhead under- or over-applied? By how much?

Question Content Area Compute conversion costs given the following data: direct materials, $376,200; direct labor, $200,400; factory overhead, $179,400 and selling expenses, $48,400. a. $555,600 b. $131,000 c. $756,000 d. $379,800

General Accounting question

First-stage allocation of overhead costs to the activity cost pools: Overhead costs Installing floors Job Support Other Total Production overhead 76,000 76,000 38,000 190,000 (190000*40%) (190000*40%) (190000*20%) Office expense 14,000 (140000*10%) 84,000 (140000*60%) 42,000 140,000 (140000*30%) Total 90,000 160,000 80,000 330,000 Determination of Activity rates: Overhead costs Installing floors Job support Total activity Activity rate Overhead $ (A) (B) (A/B) 90,000 200 450 Per square 160,000 160 1,000 Per Job Determination of Overhead costs based on activity rates for Job of 3.4 squares: Overhead costs Installing floors Job support Activity Overhead Activity rate (A) consumed by allocated (A*B) Job (B) 450 3.40 1,530 1,000 1.00 1,000 Total overhead cost 2,530

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1 Manufacturing Overhead Distribution Worksheet The following are selected operating data for 2 the production and service departments of Bluestone Company for 2019 3 Departments Service Production 4 1 2 1 2 6 Overhead costs (identified by department) $ 48,400 82,200 25,440 516,000 32,584 $1,439,000 Indirect materials 7 $97,200 $144,000 Indirect labor 8 7,200 9 Square feet of building floor space used 10 Assessed value of equipment used 11 Cubic yards of factory space used 4,800 24,000 12,000 $ 21,000 63,000 126,000 210,000 88,000 132,000 12

Estimated manufacturing overhead Estimated direct labor cost Actual manufacturing overhead Actual direct labor cost $500,000 $250,000 $720,000 $300,000 Based on this information, the predetermined overhead rate per direct labor dollar is

General Accounting Question

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ces The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs Inventories Raw materials. Work in process Finished goods Beginning $ 7,000 $ 10,000 $ 20,000 Required 1 Required 2 Required 3 Ending $ 15,000 $ 5,000 $ 35,000 Required: 1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials. 2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold. 3. Prepare an income statement. Complete this question by entering your answers in the tabs below. Mason Company Schedule of Cost of Goods Manufactured Beginning work in process inventory Direct materials: Prepare a schedule of cost of goods manufactured. Assume all raw materials used…

Question 7 of 7 Activity Cost Pool Loading and unloading Travel Logistics (a) Activity Cost Pool Loading and unloading Travel Cost Drivers Logistics Number of pieces Miles driven Hours Compute the activity-based overhead rates for each pool. (Round answers to 2 decimal places, e.g. 12.75.) Activity-Based Overhead Rate $ Estimated Overhead $95,655 453,750 86,240 $ Estimated Use of Cost Driver per Activity per piece per mile 91,100 605,000 3,080 per hour

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Question Content Area Jensen Company reports the following: Line Item Description Amount Direct materials used $345,000 Direct labor incurred 250,000 Factory overhead incurred 400,000 Operating expenses 175,000 Jensen Company’s product costs are a. $995,000 b. $770,000 c. $825,000 d. $920,000

Total Manufacturing Overhead Prime Conversion Cost Direct Materials Direct Labor Manufacturing Cost Case Cost A $ 2,120 $ 1,130 $ 3,670 6,990 11,660 2,100 6,770 8,020 1,420 3,090 9,440 1,980 3,010 5,930 E 11,610 20,630 3,470

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