Item Direct materials: Hourly labor wages Description Used on Jobs 101 and 102. A total of 750 hours @ $38 per hour Indirect materials Factory supervision Production engineer Factory janitorial work Selling, general, and administrative salaries Other manufacturing overhead costs (factory rent, insurance, depreciation, etc.) Other selling, general, and administrative costs (office rent, insurance, depreciation, etc.). Compute the over- or underapplied manufacturing overhead amount. Complete this question by entering your answers in the tabs below. Required Compute the over- or underapplied manufacturing overhead amount. Applied Manufacturing Overhead Actual Manufacturing Overhead Over or Under applied Total Cost $ 94,000 28,500 34,000 4,800 8,800 3,300 9,800 8,300 6,800

Item Direct materials: Hourly labor wages Description Used on Jobs 101 and 102. A total of 750 hours @ $38 per hour Indirect materials Factory supervision Production engineer Factory janitorial work Selling, general, and administrative salaries Other manufacturing overhead costs (factory rent, insurance, depreciation, etc.) Other selling, general, and administrative costs (office rent, insurance, depreciation, etc.). Compute the over- or underapplied manufacturing overhead amount. Complete this question by entering your answers in the tabs below. Required Compute the over- or underapplied manufacturing overhead amount. Applied Manufacturing Overhead Actual Manufacturing Overhead Over or Under applied Total Cost $ 94,000 28,500 34,000 4,800 8,800 3,300 9,800 8,300 6,800

Name: Please do not give solution in image format thanku A manufacturing com
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Description: Please do not give solution in image format thanku A manufacturing company calculated that the predetermined overhead rate is $58 per direct labor hour. The actual manufacturingcosts for the last period incurred as following:ItemDirect materialsHourl

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 2PA: York Company Is a machine shop that estimated overhead will be $50,000, consisting of 5,000 hours of...

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A company calculated the predetermined overhead based on an estimated overhead of $70.000, and the activity for the cost driver was estimated as 2,500 hours. If product A utilized 1,350 hours and product 8 utilized 1,100 hours, what was the total amount of overhead assigned to the products? A. $35000 B. $30.800 C. $37,800 D. $68,600
Inez has the following information relating to Job AA5. Direct material cost was $200,000, direct labor was $36,550, and overhead applied on the basis of direct labor hours was $73,100. What was the predetermined overhead rate using the labor rate of $17 per hour?
Channel Products Inc. uses the job order cost system of accounting. The following is a list of the jobs completed during March, showing the charges for materials issued to production and for direct labor. Assume that factory overhead is applied on the basis of direct labor costs and that the predetermined rate is 200%. Required: Compute the amount of overhead to be added to the cost of each job completed during the month. Compute the total cost of each job completed during the month. Compute the total cost of producing all the jobs finished during the month.
A company has the following information relating to its production costs: Compute the actual and applied overhead using the companys predetermined overhead rate of $23.92 per machine hour. Was the overhead over applied or under applied, and by how much?
Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500 machine hours. The cost to make Job 416 is $95 in neon, 15 hours of labor at $13 per hour, and five machine hours. During the month, it incurs $95 in indirect material cost, $130 in administrative labor, $320 in utilities, and $350 in depreciation expense. What is the predetermined overhead rate if machine hours are considered the cost driver? What is the cost of Job 416? What is the overhead incurred during the month?
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During the month, Job Arch2 used specialized machinery for 350 hours and incurred $700 in utilities on account. $400 in factory depreciation expense, and $200 in property tax on the factory. Prepare journal entries for the following: A. Record the expenses incurred. B. Record the allocation of overhead at the predetermined rate of $1.50 per machine hour.
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