Seaside Company produces picture frames. During the year 190,000 picture frames were produced. Materials and labor standards for producing the picture frames are as follows:     Direct materials (2 pieces of wood @ $2.25) $4.50 Direct labor (2 hours @ $10) $20.00     Seaside purchased and used 400,000 pieces of wood at $2.00 each and its actual labor hours were 360,000 hours at a wage rate of $10.50.     Refer to Figure 10-5. What is the materials usage variance?     $112,500 F     $112,500 U     $45,000 F     $45,000 U

AbC Company is a Contracting Company that builds custom- made boats. It received from Marvelous Boating Company (MBC) an order to build 5 custom-made boats. The boats are to be delivered in 6 months with the first two to be delivered in the next two months. The following costs are incurred for the TW0 boats to be delivered in two months time:Direct Materials $ 1 80,000 Direct Labor $200,000 Manufacturing Overhead is applied at 150% of Direct Labor. How much is the Cost for each Job completed?

Hartley Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Hartley Uniforms reports the following cost data for the past year: Budget Actual 7,600 hours 6,100 hours Direct labor hours Machine hours 7,200 hours 6,300 hours Depreciation on salespeople's autos $23,000 $23,000 Indirect materials $48,500 $50,500 Depreciation on trucks used to deliver uniforms to customers solla $13,000 $70,000 $40,000 $11,000 Depreciation on plant and equipment Indirect manufacturing labor $72,500 $42,000 Customer service hotline $19,000 $21,000 Plant utilities $35,900 $38,400 Direct labor cost $72,500 $85,500 Requirements 1odel tba 1. Compute the predetermined manufacturing overhead rate. 2. Calculate the allocated manufacturing overhead for the past year. 3. Compute the underallocated or overallocated manufacturing overhead. How will this underallocated or overallocated manufacturing overhead be disposed of? 4. How can managers usA acco

Seaside Company produces picture frames. During the year 190,000 picture frames were produced. Materials and labor standards for producing the picture frames are as follows:     Direct materials (2 pieces of wood @ $2.25) $4.50 Direct labor (2 hours @ $10) $20.00     Seaside purchased and used 400,000 pieces of wood at $2.00 each and its actual labor hours were 360,000 hours at a wage rate of $10.50.     Refer to Figure 10-5. What is Seaside's labor rate variance?     $180,000 F     $180,000 U     $225,000 U     $217,500 F

Wall Nuts, Incorporated produces paneling that requires two processes, A and B, to complete. Oak is the best-selling type of paneling produced. Information related to the 40,000 units of oak paneling produced annually is shown in the following table:  Direct materials $ 380,000   Direct labor     Department A (6,000 DLH × $25 per DLH) $ 150,000   Department B (35,125 DLH × $16 per DLH) $ 562,000   Machine Hours     Department A 24,000 MH Department B 32,000 MH   Wall Nuts' total expected overhead costs and related overhead data are shown below.    Department A Department B Direct labor hours 67,000 DLH 170,000 DLH Machine hours 100,000 MH 80,000 MH Budgeted overhead costs $ 450,000   $ 600,000   Use the data for Wall Nuts, Incorporated to compute the dollar amount of overhead applied to each unit of oak paneling, assuming the company uses departmental overhead rates based on machine hours in Department A and machine hours in Department B.