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elearn.squ.edu الإنجليزية Google Translate ounting || fall20 Char Company XYZ uses direct labor hours to allocate its manufacturing overhead. Manufacturing overhead was estimated to be $490,000 for the year. Actual manufacturing overhead was $415,000 and actual labor hours were 22,000. The estimated direct labor hours for the year was 20,000. The amount of manufacturing overhead applied to production would be: Select one: O a. $539,000 O b. $490,000 O c. None of the answers given O d. $528,000 O e. $445,455 Which of following is not correct about normal costing? Select one: O a. Product cost does not include selling and administrative expenses O b. Actual direct labor cost is traced to jobs Oc. Predetermined rate is used to apply direct manufacturing costs Od. Product .cost includes the traced actual direct materials 9448A

Info in images Choices for Q1 a. $46,154 b. $29,970 c. $11,988   d. $41,958 Choices for Q2 a. Choice D b. Choice A c. Choice B d. Choice C

Current Attempt in Progress Presented below are Crane Company's monthly manufacturing cost data related to its personal computer products. a. b. C d. a Enter each cost item in the following table, placing an X under the appropriate headings. b. C. Hard drives and memory sticks Wages to assemble equipment Insurance on manufacturing building Wages for factory supervisors d. Direct Materials $27.600 $59,800 $37,720 $58,880 Save for Later Product Costs Direct Labor Manufacturing Overhead Attempts: 0 of 1 used. Submit Answer

CengageNOWv2|Online teachin X v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator3D&inpro.. to Winston Company estimates that the factory overhead for the following year will be $1,233,800. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 39,800 hours. The total machine hours for the year were 54,500. The actual facto overhead for the year was $1,679,000. a. Determine the total factory overhead amount applied. Round to the nearest dollar. b. Compute the over- or underapplied amount for the year. Enter the amount as a positive number. c. Journalize the entry to transfer the over- or underapplied factory overhead to cost of goods sold. If an amount box does not require an entry, leave it blank. OD Cost of Goods Sold Factory Overhead Next %24

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B NOWv2 | Online teachir X + ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... Ⓒ Thomlin Company forecasts that total factory overhead for the current year will be $17,280,000 with 180,000 total machine hours. Year to date, the actual overhead is $8,220,000, and the actual machine hours are 82,200 hours. If Thomlin Company uses a predetermined factory overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is a. $328,800 underapplied Ob. $391,200 overapplied Oc. $328,800 overapplied Od. $391,200 underapplied 8:15 A 5/2/202 H U a 1 C

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gerial Accounting - Spring21 urses / ACCT2121_yasserg_Spring21 / Midterm Exam One / Midterm Exam Time left 1:56:19 A Company uses job order costing and has chosen machine hours to allocate its manufacturing overhead. The company estimates that total machine hours to be operated next year are 800,000 hours. The estimated variable overhead is $5 per machine hour and the estimated fixed overhead costs are $400,000, The predetermined overhead rate is: a. None of the answers given O b. $0.5 $2.5 Od. $5.5 e. $11 A Company uses ajob order costing system and allocates its manufacturing overhead costs based on direct labor costs. The Company's production costs for the year were: direct labor, $50.000; direct materials, $75.000%3; and factoryoverhead applied $5.000. The predetermined overhead rate dp 9 6

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All applicable Mini-Exercises are available with McGraw-Hill’s Connect™Accounting. Total manufacturing costs Acme, Inc., incurs the following costs during May: accounting Mini-Exercise 13.1LO 3, 4 Sales expense. . . . . . . . . . . . . . . . $11,500Direct labor . . . . . . . . . . . . . . . . . . 26,000Factory supplies . . . . . . . . . . . . . . 2,500Advertising . . . . . . . . . . . . . . . . . . 2,800Raw material used . . . . . . . . . . . . 18,000Administrative expense . . . . . . . $ 21,500Plant depreciation . . . . . . . . . . . 6,200Indirect labor. . . . . . . . . . . . . . . 8,000Utilities . . . . . . . . . . . . . . . . . . . . 10,000 **75% of this amount relates to the factory.Required:Calculate Acme’s total manufacturing costs for May.

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Cost Flow Relationships The following information is available for the first year of operations of Idgie Inc., a manufacturer of fabricating equipment: $1,150,100 310,500 103,500 42,600 19,600 586,600 Total manufacturing costs for the period 1,269,700 Materials inventory, end of period 42,600 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Sales Gross profit Indirect labor Indirect materials Other factory overhead Materials purchased X Open spreadsheet Using the above information, determine the following amounts: a. Cost of goods sold 839,600 501,400 264,400 X b. Direct materials cost c. Direct labor cost $

e Norton Introduction toL CengageNOWv2 | Online tea YouTube Welcome, Quente... Library Genesis Macmillan Launch... (7) YouTube My Conversations... brc Apparel, Gifts & T.. My Home Log A business operated at 100% of capacity during its first month, with the following results: Sales (106 units) $625,400 Production costs (132 units): Direct materials $84,188 Direct labor 21,495 Variable factory overhead 37,616 Fixed factory overhead 35,825 179,124 Operating expenses: Variable operating expenses $5,989 Fixed operating expenses 3,551 9,540 The amount of gross profit that would be reported on the absorption costing income statement is Oa. $475,569 Ob. S625,268 Oc. $481,558 Od. s472,018

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services SQU Libraries SQU Portal Attendance English (en) ial Accounting || fall20 urses / ACCT2121_yasserg_fal|20 / Midterm Exam One_FALL2020 / Ex Company XYZ uses direct labor hours to allocate its manufacturing overhead. The company estimates that total direct labor hours to be operated next year are 250,000 hours. The estimated variable overhead is OMR13 per hour and the estimated fixed overhead costs are OMR750,000. Calculate the predetermined overhead rate. Select one: Oa. None of the answers given b. OMR3.00 Oc. OMRO.06 O d. OMR16.00 Oe. OMR15.00 Company XYZ produces computer laptops. During luly 2019 the 7019198page=2= ny produced 2.000 leptops The company ncurred

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Chhom Incorporated, manufactures and cells two products Product F and Product U4 Data concerning the expected production of each product and the expected total direct labor hours (DLH required to produce that output appear below Product F9 Product 04 Total direct labor-hoursi Expected Direct Labor-Hours Total Direct Production 300 600 Activity Cost Pools Labor-related Production orders order size Per Unit 4.0 2.0 The direct labor rate is $25.90 per DLH The direct materials cost per unit is $285 for Product F9 and $244 for Product 4 The company is considering adopting an activity based costing system with the following activity cost pools, activity measures, and expected activity Activity Measures DLHS orders MHS Estimated Overhead Cost Product $ 42,600 67,630 137,820 $ 248,050 Labor-Hours 1,200 1,200 2,400 1,200 400 3,300 Expected Activity Product U 1,200 GOO 3,100 Total 2,400 1,000 4,400

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