The prime cost of Job No. 55 was $2,500. Manufacturing Overhead was applied based on machine hours. The POHR was $130 per machine hour. Assuming Job No. 55 needed 20 machine hours to complete, calculate the cost of Job No. 55. Select one: O a. None of the answers given O b. $3,380 O c. $5,886 O d. $6,287 O e. $2,636

The prime cost of Job No. 55 was $2,500. Manufacturing Overhead was applied based on machine hours. The POHR was $130 per machine hour. Assuming Job No. 55 needed 20 machine hours to complete, calculate the cost of Job No. 55. Select one: O a. None of the answers given O b. $3,380 O c. $5,886 O d. $6,287 O e. $2,636

Name: of 5)- Google Chromeelearn.squ.edu.om,g System (Academic)gerial Accou
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: of 5)- Google Chromeelearn.squ.edu.om,g System (Academic)gerial Accounting || fall20The prime cost of Job No. 55 was $2,500. Manufacturing Overhead was applied based onmachine hours. The POHR was $130 per machine hour. Assuming Job No. 55 needed 20m

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...

See similar textbooks

Similar questions

Ethel corp has the following data for the year 2021 Estimated FOH 40,000 +(P 2 x Mhr) Estimated machine hours 5,000 Assume that Ethel corp has work on three jobs 01, 02 and 03, last year. 1500 machine hours were spent for JOB 01 2,000 machine hours spent for JOB 02 1,700 machine hour spent for JOB 03 The actual factory overhead is 56,000 using 5,200 machine hours What is predetermined FOH ?
Ethel Corp. Has the following data for the year 2021: Estimated FOH P40,000 + (P 2X Mhr) Estimated machine hours 5,000 Assume that Ethel Corp. Has work on three jobs: 01; 02; and 03 last year. 1,500 machine hours were spent for job 01; 2,000 machine hours for job 02; and 1,700 machine hours for job 03. The actual factory overhead is P56,000 using 5,200 machine hours. What is the total under or over applied Factory Overhead?
Ethel corp has the following data for the year 2021 Estimated FOH 40,000 +(P 2 x Mhr) Estimated machine hours 5,000 Assume that Ethel corp has work on three jobs 01, 02 and 03, last year. 1500 machine hours were spent for JOB 01 2,000 machine hours spent for JOB 02 1,700 machine hour spent for JOB 03 The actual factory overhead is 56,000 using 5,200 machine hours What is the total under or over applied factory overhead?
Ethel corp has the following data for the year 2021 Estimated FOH 40,000 +(P 2 x Mhr) Estimated machine hours 5,000 Assume that Ethel corp has work on three jobs 01, 02 and 03, last year. 1500 machine hours were spent for JOB 01 2,000 machine hours spent for JOB 02 1,700 machine hour spent for JOB 03 The actual factory overhead is 56,000 using 5,200 machine hours What is the expected FOH for an actual level of activity 5,200 machine hours
21. Ethel Corp. Has the following data for the year 2021:Estimated FOHP40.000 + (P 2X Mhr)Estimated machine hours5.000Assume that Ethel Corp. Has work on three jobs: 01; 02; and 03 last year. 1,500machine hours were spent for job 01; 2,000 machine hours for job 02; and 1,700machine hours for job 03. The actual factory overhead is P56,000 using 5,200machine hours.What is the total under or over applied Factory Overhead?
Cavy Company estimates that total factory overhead costs will be $572,128 for the year. Direct labor hours are estimated to be 94,100. a. Determine the: 1. Predetermined factory overhead rate. Round your answer to the nearest cent.$fill in the blank acece905b02a058_1 per labor hour 2. Amount of factory overhead applied to Job 345 if the amount of direct labor hours is 1,200 and Job 777 if the amount of direct labor hours is 3,300. Job 345 $fill in the blank acece905b02a058_2 Job 777 $fill in the blank acece905b02a058_3 b. Journalize the entry to apply factory overhead for April, assuming Jobs 345 and 777 are the only jobs in production during the month. If an amount box does not require an entry, leave it blank. - Select - - Select - - Select - - Select - - Select - - Select -
Ethel corp has the following data for the year 2021 Estimated FOH 40,000 +(P 2 x Mhr) Estimated machine hours 5,000 Assume that Ethel corp has work on three jobs 01, 02 and 03, last year. 1500 machine hours were spent for JOB 01 2,000 machine hours spent for JOB 02 1,700 machine hour spent for JOB 03 The actual factory overhead is 56,000 using 5,200 machine hours What is the factory overhead to job
These data relates to Judy Company’s July 2020 operations: Materials, beginning P 7,000 Materials, Ending P9,000 WIP, Beginning 7,500 WIP, Ending 3,500 Finished Goods, beg. 10,000 Finished Goods, End. 12,000 Materials used 46,800 Direct Expenses 400 Selling and general expenses 6,700 Direct Labor 8,000 Factory overhead is applied at the rate of 80% of direct labor cost. Required: Compute for the following (Show your solution in the space provided) : 4. Conversion Cost
Cavy Company estimates that total factory overhead costs will be $1,011,028 for the year. Direct labor hours are estimated to be 100,700. a. Determine the predetermined factory overhead rate. Round your answer to the nearest cent.$fill in the blank 8b99eb02a009f9f_1 b. Determine the amount of factory overhead applied to Job 567 if the amount of direct labor hours is 1,200 and Job 999 if the amount of direct labor hours is 2,800. Job 567 $fill in the blank 8b99eb02a009f9f_2 Job 999 $fill in the blank 8b99eb02a009f9f_3 c. Prepare the journal entry to apply factory overhead for April according to the predetermined overhead rate. fill in the blank aa9138f9703b038_2 fill in the blank aa9138f9703b038_4
When setting its predetermined overhead application race, Tasty Box Meals estimated its overhead would be $100,000 and would require 25,000 machine hours in the next year. At the end of the year. It found that actual overhead was $102,000 and required 26,000 machine hours. Determine the predetermined overhead rate. What is the overhead applied during the year? Prepare the journal entry to eliminate the under applied or over applied overhead.
York Company Is a machine shop that estimated overhead will be $50,000, consisting of 5,000 hours of direct labor. The cost to make job 0325 is $70 in aluminum and two hours of labor at $20 per hour. During the month. York incurs $50 in indirect material cost. $150 in administrative labor, $300 in utilities, and $250 in depreciation expense. What is the predetermined overhead rate if direct labor hours are considered the cost driver? What is the cost of Job 0325? What is the overhead incurred during the month?
Event Forms expects $120,000 in overhead during the next year. It doesn't know whether it should apply overhead on the basis of its anticipated direct labor hours of 6,000 or its expected machine hours of 5,000. What would be the product cost under each predetermined allocation rate if the last job incurred $3,500 in direct material cost, 55 direct labor hours, and 55 machine hours? Wages are paid at $17 per hour.